Welcome to Our Blog

Jobs Report: California sees largest monthly gain in two years

According to the latest report from the state Employment Development Department, California added 46,000 jobs in April – the largest monthly gain since March 2017. While monthly job additions have varied a lot since the beginning of the year, California led all states in the monthly increase. The state has added 271,600 jobs over the last […]

Read More

Compass NorCal April 2019 Real Estate Update

While pace of sales in April still trends below last year’s levels in most Bay Area regions in which Compass (reflecting the company formerly known as Pacific Union) operates, there are signs that buyers are returning, and sales activity is picking up. Click on each of our regions below for an expanded look at local […]

Read More

April U.S. Jobs Report: Are we in a Goldilocks Economy?

A Goldilocks Economy is an economy that is neither too hot or cold, in other words, it sustains moderate economic growth and has low inflation, which allows a market-friendly monetary policy. Today’s national employment report from the U.S. Bureau of Labor Statistics once again outpaced expectations by posting a 263,000 increase in jobs added in April. […]

Read More

Jobs Report suggests continued strength in employment, alleviating fears of looming recession

Today’s much anticipated national employment report from the U.S. Bureau of Labor Statistics provided further evidence of continued solid economic growth. There were 196,000 jobs added in March, after a wild swing between January’s 312,000 additions and February’s 33,000 additions. The three-month average is now 180,000 in the first quarter, which was above economists’ expectations and […]

Read More

Compass Northern California Quarterly Report: Q1 2019

Chief Economist Selma Hepp offers a brief synopsis of first-quarter real estate activity in each of Compass’ Northern California regions. The accompanying links lead to the full report for each area, where you can access the latest regional and community-specific market data and statistics to help you make a better, more informed home-buying or selling […]

Read More

Truckee Area Mother-In-Law Units Approved

Placer updates secondary dwelling unit ordinance, aiming to increase housing supply November 14, 2017 Aiming to help increase housing supply, the Placer County Board of Supervisors today voted to support an update to the county’s ordinance for secondary dwelling units, making them easier to build. Secondary dwelling units, commonly known as in-law suites or granny […]

Read More

Martis Camp Home Demand Continues

In addition to robust sales volume, 2017 included an epic ski season, a spectacular summer season and  a robust Northern  California economy helped increase the demand for Martis Camp home purchases. These sales are a testament to the extraordinary custom homes along with the availability of premium homesites. For 2018, I anticipate continued demand being […]

Read More

Squaw, Aspen $1.7 Billion Merger

The biggest financial deal in ski industry history. Welcome Squaw to the big time destination ski resort industry. By partnering with many of Colorado’s major ski areas, Squaw now competes with Vail’s ski conglomerate.   A consortium of banks will lend KSL Capital and Aspen Skiing $1.235 billion, and both KSL and Aspen Skiing owner […]

Read More

Tahoe Donner – Tahoe’s Hottest Real Estate Market

There is no stronger Truckee-Tahoe real estate market than Tahoe Donner. Tahoe Donner is considered by many to be Tahoe’s favorite resort community and it contains over 6,000 homes. Current inventory for January 2017 shows 28 homes listed for sale. The low inventory means only ½ of 1% of all homes are on the market […]

Read More

Lake Tahoe $415 Million for Lake Restoration Approved

Congress is moving closer to spending hundreds of millions of dollars to further restore and protect Lake Tahoe, just two weeks after President Obama made his first visit and delivered an impassioned plea about the inseparable link between its economy and environment. With a 95-3 vote Thursday, the Senate approved a measure that calls for […]

Read More