First Time Homebuyers Stifled by Low Supply & Affordability

By Pete / May 21, 2018

This piece comes from the NAR and points out the issues surrounding First Time Homebuyers.  Remember a First Time Homebuyer is some who has not owned a home in the previous three years.  You may have owned in the past and that’s OK. NAR…….. “Despite solid interest in buying a home – sparked by steady… Read More

The Market is Talking!

By Pete / May 16, 2018

This is the latest Market Information for Southern Oregon Real Estate Highlights, in particular…..New Listings are up 27%; while pending sales are up 10%. In particular note months supply of inventory is up 27%.  There is more competition for sales, more listings, less pendings but a lot of keybox activity.  That means buyers are out… Read More

S. Oregon Real Estate Forum, May 15, 2018

By Pete / May 14, 2018

by Pete Belcastro, Principal Broker, John L Scott Southern Oregon When is a Building Permit Needed? Kimberly London, is an expert on building permits thru the City of Medford’s Building Department.  If you watch last week’s show she explains when and for what purposes you would need to obtain a building permit from the city… Read More

Single Women Outbuy Men in Homeownership

By Pete / May 14, 2018

from National Association of Realtors…….May 12 Single women are purchasing homes and condos at more than double the rate of single males. The trend is expected to keep growing, too. Last year, single women comprised 18 percent of all home purchases, while single men accounted for 7 percent, according to the National Association of REALTORS®.… Read More

Building Safety Goes Back a Long Way in Medford

By Pete / May 10, 2018

Building permits have been around a long time.  In Medford the first permits were issued in 1913.  In Jackson County, 1975.  Kimberly London, City of Medford Building Department, is a history buff of sorts about building permit and what they tell us about the development of Medford.  She is the guest on this week’s Real… Read More

S. Oregon Real Estate Forum, May 8, 2018

By Pete / May 7, 2018

by Pete Belcastro…. Problems with Permitting How do you know when you need a permit to build or remodel a property?  What do I do if I have an unpermitted part of my residence? These are common questions that consumers need to know, especially if you find yourself in a position to ask the questions. … Read More

How to Prevent a Low Appraisal

By Pete / May 6, 2018

Did you know the second most common problem in delaying a closing is a low appraisal? Read more below as many buyers and sellers in Southern Oregon face this same dilemma.  How can  I avoid a low appraisal and therefore a lower selling price? Pete DAILY REAL ESTATE NEWS | FRIDAY, MAY 04, 2018 Many… Read More

S. Oregon Real Estate Forum, May 1, 2018

By Pete / April 30, 2018

Hello Friends. Thank you for the nice comments received from several of you about our new website. It is much appreciated. This last week saw a continuation of brisk end-of-the-month selling with lots of pending sales posted on  properties in Jackson and Josephine counties. A total of 62 properties closed between April 23 and 27. … Read More

California Dethroned as Hottest Housing Market

By Pete / April 30, 2018

  What happened to Oregon real estate markets?  We’re not mentioned anywhere here. What does it mean? Read more. From the: DAILY REAL ESTATE NEWS | California does not dominate®’s hottest housing markets list for this month—the first time in years. Each month,® ranks the top metro areas where homes sell the fastest… Read More

S. Oregon Real Estate Forum, April 24

By Pete / April 23, 2018

In broadcasting more than 400 real estate shows in the past, we have never produced a program featuring decorating or staging of homes.  That’s about to change this Saturday, 10 am, KCMX AM 880, when Charlene Phelps, a local interior decorate and stager joins us on the Real Estate Show. Decorating is something a lot… Read More

Home Sales Overcome Inventory, Price Woes

By Pete / April 23, 2018

Inventory shortages and pressing affordability issues didn’t suppress home sales activity in March. Total sales of existing homes, including single-family homes, townhomes, condos, and co-ops, increased 1.1 percent last month to a seasonally adjusted annual rate of 5.6 million, according to the National Association of REALTORS®. However, home sales are still 1.2 percent below a year ago. “Robust… Read More

State of New Construction

By Pete / April 18, 2018

Brad Bennington knows new construction.  He is CEO of Build Southern Oregon. It’s really the old Southern Oregon Homebuilders Association with a new name, but same mission. He joins us on this week’s Real Estate Show for a discussion on the current state of new construction in Jackson and Josephine counties. Where are we building… Read More

Welcome to the Real Estate Market Forum

By Pete / April 17, 2018

You have received the first of our weekly Southern Oregon Real Estate Market Forum information sheets. How did we get your name?  Well, at some time in the past, (some a longer past than others) our paths have crossed. You may have been one of our several hundred Real Estate Show guests, or one of the many client/friends… Read More

Senior Homeownership in Decline

By Pete / April 16, 2018

New report expects boon in construction for senior housing From Inman Report BY PATRICK KEARNS Staff Writer Changes to the tax code under the Trump administration could prompt senior homeowners to unload property en masse — a move that could fuel construction for senior housing nationwide, according to a new report. Homeownership among seniors ages 75… Read More

Changing Times in Real Estate

By Pete / April 13, 2018

We are awfully lucky in real estate to meet amazing agents who share information on how to maneuver in a changing real estate world.  All the technology that’s available can be wonderful and perplexing to both buyers and sellers.  Pamela Erman kicked off the John L Scott 2018 season with a class in Medford. Craig… Read More

First Time Homebuyers Savings Accounts – an Oregon FIrst!

By Pete / March 30, 2018

STATE AND NATIONAL NEWS AND UPDATES Remember First Time Homebuyers are anyone who has not owned a home for the previous three years.  You are considered a First Time Homebuyer even if you’ve have owned homes before. Check this program out — tax savings for down payment. First-Time Home Buyers Savings Accounts The Oregon Legislature… Read More

Get Your Home Ready to Sell

By Pete / March 27, 2018

In  real estate, we associate spring with Spring Cleaning.  Even if you’re not preparing your home to sell take a few moments and see how you can help your home look its best with a little spring cleaning of the following tips.