I’ve been looking at the added sales volume we have had in the Rogue Valley lately, and hearing stories (and experiencing) multiple offer situations. It has been feeling like a seller’s market in many ways. However, it all seems to be in the lower price range. So I just ran a few numbers.
For the record…the [...]
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With every set of statisics I run or receive there is always good news….and there is always some bad news. That is the nature of real estate. What is good for sellers, is not necessarily good for buyers…and vice versa.
That being said…it appears that we are approaching a point in the market where the two [...]
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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 [...]
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Top Ten Rules to Follow When Buying a Home Part 4
4. Determine how large your mortgage can be. Explore different loan options to determine
what is best for you.
This is a good exercise for anyone looking to buy, or even hoping to buy in the future. Find a mortgage calculator online and determine in reverse how [...]
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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 [...]
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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 [...]
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