Weather Update

There is a Winter Weather Advisory in effect from 4:00 p.m. Thursday afternoon to 10:00 a.m. Friday above 7000 feet.  Expect moderate to heavy snow with an additional snow accumulations of 8 to 16 inches expected above 7000 feet through Friday morning with localized areas up to 20 inches along the crest.

Little Steven

Little Steven

Multi-talented Steven Van Zandt brings his band, Little Steven and the Disciples of Soul, to the South Shore Room at Harrah’s Lake Tahoe on Saturday Dec. 8.  “Little” Steven Van Zandt, is a founding member of Bruce Springsteen’s E Street Band.

Changing Weather

An extended dry period will likely come to an end this week when the Lake Tahoe region receives some sorely-needed rain and snow.  The National Weather Service urges holiday travelers to plan for adverse road conditions starting Wednesday. Monday and Tuesday will be mostly sunny with high temperatures in the 50s

Lake Tahoe News

The 170-room Ritz-Carlton Lake Tahoe and an adjacent 3.4 acre parcel are being purchased by Braemar Hotels & Resorts, Inc for $120 million. The plot of vacant land will be used for a luxury residential townhome development.  The acquisition is expected to close between December 12, 2018 and January 15, 2019.

Measure T Update

Another round of votes were released Friday, narrowing the gap between yes and no on Measure T by 47 ‘Ayes’.  The citizen generated measure calls for a ban of all vacation rentals in South Lake Tahoe except for those in what is called the “tourist core.”  The results of the election must be given to the California Secretary of State’s office within 30 days of the election, or December 7.

Mortgage News

The 30-year fixed-rate mortgage (FRM) averaged 4.94 percent with an average 0.50 point fee for the week ending November 15, 2018, same as last week when it averaged 4.94 percent. A year ago at this time, the 30-year FRM averaged 3.95 percent.