Where we do have many second home resort buyers coming from areas closer to South Lake Tahoe than Sacramento (Placerville, for example), we generally think of Sacramento as the point of the feeder market spear, which branches out quickly south toward Stockton and Modesto, and more significantly westward to include Northern Marin County and greater San Jose, and all areas in between.

This is what we mean by the greater bay area as it relates to where more South Lake Tahoe home buyers are found than anywhere else.

Generally speaking, when real estate activity is up in our feeder markets, that translates into greater activity and interest up here. This is not to mean, for example, that if the housing market in San Jose, or anywhere else in the region, was suddenly blistering that we would see an immediate similar effect here. We would, however, see an increase in South Lake Tahoe housing activity over time.

This is the nature of our South Lake Tahoe housing market. Things will improve west and southwest of us somewhat before they spring forth here.

As such, the article (here) is interesting, if not encouraging. The bottom line of the article is found in its opening paragraph: “now Sacramento seems to be in the earliest stages of a recovery, a hopeful sign for an economy mired in trouble and anxiety. “