The Challenge Helping First Time Homebuyers

By Pete / July 24, 2018

A first-time homebuyer is someone who has not owned a home in the previous three years.  So this article by the Oregon First Home Coalition tells you how Oregon is handling the issue of support for first-time homebuyers. This bill passed the legislature and is now Oregon Law. Will anyone take advantage of THE CHALLENGE.… Read More

Selling a house? 8 steps for making a big first impression

By Pete / July 18, 2018

Getting a home on the market the right way and making a show-stopping first impression is critical to selling fast and for more money BYNICOLE SOLARI Have you ever noticed how much selling a home resembles special event production? To get a home on the market and create “a grand entry” requires the same level… Read More

Vacation and Investment Home Sales: A Breakdown

By Pete / June 19, 2018

I am sure many of you have thought about purchasing a vacation home or even to make an investment into a rental property.  You’re not alone.  But what is the difference between the two and when is one better than the other? Enjoy the story below written by  NAR economist Amanda Riggs. “The share of… Read More

This is what the average American’s dream home looks like.

By Pete / June 12, 2018

New Builds, Spacious Rooms and plenty of privacy are the top must-haves for aspiring homeowners.  This article from Inman News, hits the nail on the head and see how it compares to our Southern Oregon Market.  Submitted by Marian Mcphearson. According to a survey conducted by Digital Third Coast, 75 percent of Americans believe homeownership… Read More

Mortgage Rates Hit Seven Year High

By Pete / June 5, 2018

(GLOBE NEWSWIRE) — Freddie Mac today released the results of its Primary Mortgage Market Survey, showing that after plateauing in recent weeks, mortgage rates reversed course and reached a new high last seen seven years ago. Sam Khater, Freddie Mac’s chief economist, says the 30-year fixed mortgage rate edged up to 4.61 percent, which matches the… Read More

Tips to Feel Comfortable at Closing

By Pete / May 29, 2018

You’re in the process of buying a home, and your closing day is approaching. Congratulations! The tips below can help you close your home smoothly, helping you move in as soon as possible. Your Closing Disclosure, which runs through all the details of your loan, will be provided by your Mortgage Lender at least three… Read More

Negotiating Home Fixtures: Who Gets What?

By Pete / May 24, 2018

You may not think this is a big deal until you end up in a deal and then it can become a big issues. What are Fixtures and who gets what is a real estate transaction.  Remember anything is negotiable. DAILY REAL ESTATE NEWS | TUESDAY, MAY 15, 2018 Before buyers make an offer, they’ll… Read More

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

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

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

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

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

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

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