Sunday, June 22, 2014
How we helped Rebecca with her real estate transaction by listening to her needs
The whole experience exceeded my expectations. Our agent was so caring and she really listened to what we wanted. She always kept us informed of what was going on and kept checking in with me. The result was that we got the house that was exactly what we were looking for!
Friday, April 18, 2014
Attention Buyers: Act Quickly to Capitalize on Low Interest Rates
There are many great Portland area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (503) 427-9233 for a FREE home buying or selling consultation to answer any of your real estate questions.
Attention Buyers: Act Quickly to Capitalize on Low Interest Rates
Prices have risen aggressively in the past year – some Portland areas have experienced as much a 15% increase! By looking at those numbers, the housing market may not have recovered as well as we think. Trulia, a well-respected resource for this subject, recently wrote an article about the housing recovery and broke it down into five very important factors:
- Home prices have gone up substantially
- Delinquency and foreclosure rates
- Existing home sales
- New construction starts
- Employment rates for people between the ages 25-34
In addition, Trulia, Zillow and Forbes are all predicting rising interest rates as soon as the year ends. So, what does this mean for you as a buyer? You should get it in gear! Home prices will continue to rise and so are interest rates – the real estate experts are predicting that this won’t last much long.
As a seller, if you don’t like your values now, good things may happen if you wait. However do keep in mind that as interest rates rise, you could potentially lose buyers and as values go up, more and more people will sell their homes. This will increase your competition!
For more a more detailed look at these numbers, visit the main article here.
If you have any questions regarding our market or the surrounding area, please feel free to call or email us. Thanks and have a great day!
Friday, March 14, 2014
Portland Market Update: What do the Recent Price Increases Mean for You?
There are many great Portland area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (503) 427-9233 for a FREE home buying or selling consultation to answer any of your real estate questions.
Before I started on today’s topic, I wanted to ask for a favor. If there is anything you would like me to discuss in a future video, please email us or better yet, comment on this post. We really appreciate and remain true to providing you with the best information.
We’ve been receiving many questions about the recently-realized price increases. However, they have tapered off in the past few weeks and remain unchanged. Currently, the median list price is sitting at $325,000 and the Market Action Index shows that we are still in a seller’s market. However it does suggest that we are creeping down to a more neutral market. Also, Portland’s average days on market is sitting at 131.
In mortgage news, last week’s job report was better than expected. However, mortgage bonds still remain unchanged. This is a pretty boring week in finance as we all wait to see what the Fed’s next move will be after their meeting on March 18th. They are expected to keep short-term rates at the same levels.
Mortgage rates are hovering at about 4.5% which makes it increasingly important to consult a mortgage advisor. Rates have the tendency to change multiple times over the course of a day and also every circumstance might not meet your individual goals. We thank Shelby Spencer over at Guild Mortgage, who is our preferred lender, for this information!
If this information interested you and you would like a report that is tailored to your specific situation, don’t hesitate to contact us. If you are also interested in buying or selling, ask us about our 59 day guarantee! Thanks and I look forward to reading your comments.
We’ve been receiving many questions about the recently-realized price increases. However, they have tapered off in the past few weeks and remain unchanged. Currently, the median list price is sitting at $325,000 and the Market Action Index shows that we are still in a seller’s market. However it does suggest that we are creeping down to a more neutral market. Also, Portland’s average days on market is sitting at 131.
In mortgage news, last week’s job report was better than expected. However, mortgage bonds still remain unchanged. This is a pretty boring week in finance as we all wait to see what the Fed’s next move will be after their meeting on March 18th. They are expected to keep short-term rates at the same levels.
Mortgage rates are hovering at about 4.5% which makes it increasingly important to consult a mortgage advisor. Rates have the tendency to change multiple times over the course of a day and also every circumstance might not meet your individual goals. We thank Shelby Spencer over at Guild Mortgage, who is our preferred lender, for this information!
If this information interested you and you would like a report that is tailored to your specific situation, don’t hesitate to contact us. If you are also interested in buying or selling, ask us about our 59 day guarantee! Thanks and I look forward to reading your comments.
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