Greetings from Big Bear where conditions on the slopes are still very good from last week’s storms and there’s more snow on the horizon for next week! Here’s a link to this week’s “What’s Up at 7000ft”:
This weekend’s highlights include the 5th Annual “Snowshoe the Bear” race, the “War of Rails” Freestyle Event at Bear Mtn (along with a KROQ party on Bear’s huge outdoor deck), and Analog’s “Go Huck Yourself” at Snow Summit.
Below is an article from Inman News regarding the national real estate market, which seems to be following the same trends as the Big Bear real estate market. The national market has posted it’s 3rd gain in the last 4 months and the national inventory for real estate is down to a 6.1month supply (a 6-month supply is considered to be a good balance between supply and demand). According to the article this is due in part to increased demand from investors and first-time home-buyers: “Investors purchased 23 percent of homes in January, up from 21 percent in December, while the percentage of first-time homebuyers increased from 31 percent in December to 33 percent in January. Nearly one in every three January home sales was an all-cash transaction.”
Have a great weekend!