Buying a Home? Do You Know the Lingo?

by | Oct 15, 2018 | Buyers, Financing, First Time Home Buyers, Home Search, Infographic, Move-up Buyers

  • Buying a home can be intimidating if you are not familiar with the terms used during the process.
  • To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home.
  • The best way to ensure that your home-buying process is a confident one is to find a real estate professional who not only puts your family’s needs first, but will guide you through every aspect of the transaction with ‘the heart of a teacher.’

How Does the Supply of Homes for Sale Impact Buyer Demand?

by | Oct 2, 2018 | Buyers, First Time Home Buyers, Home Search, Pricing, Sellers

Even as peak season fades, low inventory continues to drive buyer demand in Oregon. SELLERS have less competition, so price it right while demand is higher. BUYERS be prepared to MOVE on well-priced properties with a strong offer strategy.

The price of any item is determined by the supply of that item, as well as the market’s demand for it. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index.

Their latest edition sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand).  Learn more…

Are Home Prices Softening or Are They Falling?

by | Sep 26, 2018 | Buyers, First Time Home Buyers, Home Search, Housing Market Updates, Move-up Buyers, Pricing, Sellers

Market prices are beginning to balance, not FALL. We’ve gotten used to the pace of price increases and now they’re showing signs of slowing down. Listing prices will have to follow suit to be in line with the current market.

We are beginning to see reports that more housing inventory is coming to the market and that buyer demand may not be increasing at the same pace it did earlier this year. The result will be many headlines written to address the impact that these two situations will have on home values.

Many of these headline writers will confuse “softening home prices” with “falling home prices,” but there is a major difference between the two.  Learn more…

Where Are Mortgage Interest Rates Headed In 2019?

by | Sep 25, 2018 | Buyers, Financing, First Time Home Buyers, Interest Rates, Move-up Buyers, Sellers

The interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.

Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily over the course of the next year.  Learn more…