Wednesday, January 04, 2006

Tahoe? Ho Hum

Weird weather, overblown prices. That one-two punch has real estate agents in second-home areas around California's Lake Tahoe not quite reeling, but not smiling either. Before the holidays there was little snow, and then came torrents of rain in the Bay area, Tahoe's principal market. Meanhwile, owners who had seen second-home and condo prices soar 30 percent this fall started asking unrealistic prices, say local agencies. Result: "It's gone from seller's market to buyer's," Coldwell Banker's Ellen Grace told me.

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