Tag Archive: housing market
Most experts are expecting the 2018 housing market to look very similar to 2017, which was characterized by low inventory and high prices. However with the recent passage of the tax bill, some experts are anticipating prices won’t rise nearly as fast because of the new law. Others say it will help first-time home buyers… Read More ›
Generally it is thought that Spring is the best time to buy, as the market is flooded with new listings. However, the following article reveals that Fall is the sweet spot for high inventory and low prices, which is exactly what first time home buyers need! Check out the article here.
One of the biggest hurdles to purchasing a home is coming up with enough money for a down payment. This is no easy task, as the median price for a home in Wilsonville is $490,000. A 5% down payment on a home of that price is $24,500. Not exactly chump change! In order to save… Read More ›
As Rick touched on in our last Spokesman article, the Wilsonville Real Estate Market is shifting. In 2016 sellers could expect their home to receive multiple offers in the first week. In 2017, many homes are taking much longer to find the right buyer. Rick expands below: Recent months have seen a slight shift in… Read More ›
In Oregon, the housing market is slowing down creating more balance between buyers and sellers. Many homeowners are looking at 2016’s numbers and expecting their home to sell for top dollar in less than week. However, the reality is that in 2017 buyers are taking much more time to find the right home before making… Read More ›
When “CBS This Morning” co-host Norah O’Donnell asked the chief executive of Zillow recently about the accuracy of the website’s automated property value estimates — known as Zestimates — she touched on one of the most sensitive perception gaps in American real estate. Zillow is the most popular online real estate information site, with 73… Read More ›
Economists are speculating the reason the housing market is slow is because of the “missing households” that millennials are not buying. According to NPR, only 16 percent of new-home sales are to first-time home buyers. Instead millennials are opting to live with roommates or family members. Follow the link below for the full article from… Read More ›
The year 2013 was full of unusually low supplies on homes. Paired with low intersted rated the market forced buyers to become more competitive. With 2014 underway, The Wall Street Journal introduced 5 things to watch for this year in the housing market. Follow the link below for the full article: 5 Things to Watch… Read More ›