Takeaways from Lake Tahoe Economic Summit 2025

Last week, I had the opportunity to join some of my colleagues from all over California and beyond at the Compass Tahoe Economic Summit. There were several takeaways. Most profoundly is the overall cooling of real estate. It is not just buyers who have backed away from the market sellers too have backed off, leaving a market with slow growth.

Previous shift of population from north to south has slowed dramatically in what Chief Compass Economist Mike Simonsen has called the Great Stay. Buying and selling based on these moves, which peaked during the pandemic is just another sign or a sleepy real estate market.

Even new construction has slowed. The country still needs more housing, but the need has not invigorated building or selling of houses.

As always, I suggest exploring doing the opposite of what everyone else is doing. There is an opportunity in this moment, when there is less competition and lower prices. With reticent sellers, it is not a matter of a flush buyers market, but opportunity exists where sellers need to sell. For sellers, opportunity exists in selling those homes that always appeal, and marketing can take advantage of the perfectly move-in property.

Since Real Estate is always hyperlocal give me a call when exploring your next move.