Current Foreclosures in Jackson County

A quick search of the Southern Oregon MLS shows that today there are 133 bank owned (REO) forclosed houses currently for sale.
These properties are all kinds…in all price ranges.
On the bottom end is a $55,000 house in Evans Creek on an acre that has fire damage. But more realistically, there is a house in West [...]

Original Listing Price to Selling Price

I admit it has been a long time since I have posted on my blog.  Blame in on the weather, the slightly more active real estate market…or probably the real cause. I have been out of town for something or other almost every week for a day or two.
Or perhaps I just couldn’t think of anything [...]

By the numbers–short sales and REO’s

In the last 3 months in Jackson County

384 total sold residential properties
125 sold REO properties
35 sold Short Sale properties
Median price of REO/short sale properties is 20% lower than non-duress properties

Total 42% of the sold market is REO/Short sale
In the last 3 months in Ashland

39 total sold residential properties
4 sold REO properties
2 sold Short Sale properties

Total 15% of the [...]

Tax Benefit for Home Ownership

 
I am looking at the affordability of a first time buyer buying a condo in Ashland that is listed at $175,000 with a $10,000 credit from the seller offered. It is close to making sense to buy even with home owner association fees at $175 a month. The 4.5% interest rate, and 20% down have the monthly payments [...]

Rates at 4.5% and prices are low

 
I am so excited about the possibilities out there for first time buyers to be able to get a house at an affordable cost.
For many years in the Ashland/Medford area, it has been a struggle to be able to buy your first home.
But I think this winter will be a good time to get a [...]

Short Sales Success in Southern Oregon

I have been tracking for close to a year the properties that are listed as short sales in Jackson county.
Short sales for those who don’t know are properties that are for sale that the proceeds of the sale if the seller gets market value are less than what the seller owes on the property.
I was [...]

Banks are working hard at workouts

It seems that as the economic situation in this country is still a bit on the scary side, more and more people, media, companies and politicians recognize that the housing market is the key to a stable economy.
Houses are an investment that people can really relate to them. You can touch a house, you can [...]

Top Ten Rules When Buying a Home Part 2

 
Number Two: Money matters. If you’re considering a mortgage, shore up your credit and get a copy of
your credit report.
This was the MOST important thing you could do to secure credit 2 years ago. A good credit score could get you a loan. Now, it is just one of the things you need to do. It [...]

It is not too late to register to vote

It is not too late to register to vote in the up coming election. There are a number of ballot measures, and local races to vote on in addition to the Presidential race.
If you still need to register, you can follow the link below for an online voter registration card, but will still need to [...]

What it takes to survive

I don’t think this speaks highly of Realtors, but you have to appreciate the will to survive. It did make me laugh (which I don’t think is what I want people thinking).
 
 
 
Yes, could I get a latte, a small hot chocolate, and a 3 bedroom 2 bath house to go please? Yes, I would like [...]