The Mammoth Real Estate Blog

Coming Soon! 49 Holiday Way 2 Bed+Loft/2 Bath in Mammoth Lakes

For Sale! Coming Soon!! 

49 Holiday Way, Mammoth Lakes, CA 

2 Beds+Loft/2 Baths/2 Car Garage

This is the perfect Mammoth Cabin to come up and enjoy Mammoth Lakes in! It’s plenty big for a large group with a huge oversized garage to hold all of your outdoor toys. Fully remodeled kitchen, baths, floors, etc… The owners resurfaced the deck over the summer and added new garage doors. Once you see this you will fall in love with the cabin charm as well as the large south facing windows and large deck for entertaining. Schedule a showing today! 

Asking $589,000

Call Jamie Nash-Kelly today

760-914-0625

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National Real Estate Market Primed for Expansion in 2016

Strengthening Economy

Despite existing-home sales dropping last November, the National Real Estate Market is primed for expansion in 2016. Here's why. Better weather in many parts of the country resulted in an increase in single-family and multifamily home construction. Here in Mammoth Lakes we have seen more home construction in the last year including the new Gray Bear home development that allows for nightly rentals due to it's resort zoning. If interested, contact me today to get more info on upcoming homes available in the subdivision. Also, the population of millennial homebuyers is expected to grow in 2016. This means increased demand to help the housing market see positive gains. With unemployment steadily decreasing, orders for new durable goods increasing 3 percent, inflation staying level, and income beginning to grow, the Fed decided to raise interest rates. The rate increase signals that our economy is getting stronger. So, don't let the drop in existing-home sales in November fool you, with a stronger economy home sellers can expect eager home buyers in 2016.   

Millennial Home Buyers

The low demand in November meant that first-time home buyers had only a 30 percent share in demand, which is slightly down from 31 percent in October and last year. However, in 2016 home sellers saw an increase of first-time home buyers enter the housing market  because of the growing segment of millennials between 25 and 34 years of age. The Census Bureau projects that the population of millennials aged 25 to 34 will increase by an average of nearly 500,000 per year in the second part of the decade. Also, NAR's inaugural quarterly Housing Opportunities and Market Experience survey reported that...