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Bishop Real Estate Market Update – September 2023

By Jake Rasmusson, CA Broker Lic#01401464 In the Bishop, CA real estate market, a comparison between July 2023 and July 2022 reveals a mix of trends and changes: Total Properties Sold: The number of properties sold in July 2023 was 125, down from the 145 properties sold in July 2022. This represents a decrease [...]

Looking Back On 2022’s Housing Market & Ahead At What 2023 Holds

https://youtu.be/6ddTRyJjBV8 In 2022, home prices in the Eastern Sierra continued the trend set the previous year, with a 6% rise in the median price from $452,500 to $478,000. This brings growth in the Bishop area median home price over the last five years to 48%. While prices were up, the number of properties [...]

Housing is Slowing, But Not Like Last Time

There are significant signs that the national housing market is cooling off, fueled by rising interest rates and inflation.  The downturn may slow down sales and price appreciation; however, the housing market is in a much better state than it was in 2008.  The health of both the residential real estate industry and the underlying [...]

How much do interest rates really affect the cost of your home?

While many individuals are primarily focused on the fluctuation in current housing prices, many are failing to recognize the significant role interest rates play in the monthly, yearly and overall cost of their real estate purchase.  Interest rates are currently near historic lows in the United States, which presents a significant opportunity for those looking [...]

How Will the New Tax Bill Affect Housing Costs in the Eastern Sierra

The Tax Cuts and Jobs Act was signed into law last December, carrying with it numerous changes to the tax law. The new law will affect individuals differently, depending on their property holdings and their locations. The three main changes to consider in evaluating the new law’s effect on the housing market are: • The [...]

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