Tag Archive: Wilsonville Market Trends
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 ›
If you’ve been on the fence about buying a home, 2016 is the year to take the plunge. Mortgage rates have been bouncing around record lows for a while now. But even though they’re likely to start going up, you haven’t missed your chance to get a deal on a house. A number of factors are… 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 ›
Now is the time to buy! With so many homes coming on the market this spring there’s one thing that seems apparent: Home prices are rising! Which means now is also a great time to sell. Click here to find out how much Home Prices have risen since last year
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 ›
Sold from 1/1/2013 thru 12/31/2013- All Companies Includes homes and condos sold thru Regional Multiple Listing Service. Each year, the Laue Team compiles a year end report showing all properties sold in and around Wilsonville. Follow the links below to see photos and all pertinent data for each of the 411 residential properties sold in… Read More ›
A recent broadcast from NPR discusses the home ownership in the U.S. at its lowest since 1995. Contrary to what many believed was a “rip-roaring recovery” in the real estate market with low interest rates on mortgages and the new home supply tight, ownership is still low. Follow the link below to listen or read… Read More ›
According to The Oregonian, more homes in the Portland area are selling below their asking price. This data suggest the bidding wars that had been pushing them higher are slowing. For the third consecutive month, the number of homes sold below list price has increased. Follow the link below for the full article from The… Read More ›
“Flipping,” the practice of buying, briefly holding and reselling a house within 6 months, is up 16% year-over-year in the Portland area, according to RealtyTrac. Nationwide, flipping is down 13 percent. On average they made a gross profit of around $84,000. Click on the link below for the full article from The Oregonian: “Flipping” Houses… Read More ›
The Villebois Master Plan proposal of a 113-lot residential development has received the green light from the Wilsonville Planning Commission. Villebois plans on expanding to the former Living Enrichment Center. With the added acreage, the plan is to develop larger lots. Follow the link below for the full article from the Wilsonville Spokesman: Living Enrichment… Read More ›
According to Chief Economist Jed Kolko, mortgage rates would have to climb to more than 10% nationally to tip the market in favor of renting. In most areas, it is 35% cheaper to rent than it is to buy. Click on the link below for the full video news report from USA Today. Buying Still… Read More ›