Category Archives: Wood Village homes for sale

Are rising home prices beginning to level off?

prices leveling

Are rising home prices beginning to level off?

Economists who study real estate trends across the nation are starting to suggest that ever-escalating home prices, bidding wars and inventory shortages may begin leveling off.

“The signs are pointing to a market that’s shifting toward buyers,” reports the chief economist of Realtor  .com . “But in most places, we’re still a long way from a full reversal.”

It isn’t realistic to expect an overnight change in the current market trends. However, median home list prices were up 7 percent year-over-year this past August, according to the National Association of Realtors®, which is lower than similar year-over-year list prices in 2017 at 10 percent and in 2016 at 9 percent.

Another plus for buyers is the increasing number of homes on the market. At the end of the 2018 summer selling season, 18 of the 45 largest housing markets had an increase in listings over the previous year. This is a boon for buyers, who have been scrambling to find affordable listings and then often end up in a bidding war.

For more information on the current market status in your neighborhood please call, email, or text me.

Five Star award Winner 2011-2019 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email- rachel@rachelsheller.com

View ALL available Houses on the market on my website.

Licensed in the State of Oregon and Washington

My business is referral based.
If you’ve enjoyed my service, please refer me!

 

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Buying a home with less-than-perfect credit

approved

Buying a home with less-than-perfect credit

Just because your credit score isn’t ideal doesn’t mean you can’t finance a home. Consider these options:

  • The FHA offers affordable financing to first-time buyers and others with less than a 20 percent down payment. Those who qualify may pay as little as 3.5 percent down.
  • The VA, USDA and Navy Federal Credit Union are three government-related lenders that offer mortgages with as little as zero down. The VA serves veterans and family members; the USDA typically serves buyers in rural areas; and the Navy Federal Credit Union serves military personnel and their families, as well as some government employees.
  • A parent, other relative or friend (who has good credit and is willing to take on the responsibility) can co-sign your mortgage loan.
  • Some local and state agencies sponsor assistance programs. For more information, visit websites such as com and Neighbor Works . Org

 

Five Star award Winner 2011-2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES,MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email- rachelsheller.com

View ALL available Houses on the market  on my website.

Licensed in the State of Oregon and Washington

My business is referral based.
If you’ve enjoyed my service, please refer me!

The value of homeownership

kids buying

According to the real estate data firm CoreLogic, it pays to be a homeowner.

Over the past year, the average equity in a home with a mortgage increased by more than $16,000 nationwide. That amounts to an average annual increase of nearly 12.5 percent.

Homeowners in California gained an average of $48,800, the highest increase in equity of the 50 states. Other highly competitive markets saw significant increases as well. Home equity in Washington rose an average of $41,100; in Nevada, $32,200; in Hawaii, $29,600; and in Massachusetts, $23,500.

Are YOU ready to earn equity in Oregon or Washington? Call, text or email me to get started.

Five Star award Winner 2011-2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email- rachel@rachelsheller.com

View ALL available Houses on the market on my website.

Licensed in the State of Oregon and Washington

My business is referral based.
If you’ve enjoyed my service, please refer me!

 

77% of Americans agree it’s a good time to sell

77% of Americans agree it’s a good time to sell

Escalating home pricesfor FB - Copy - Copy - Copy in the past few years have made many homeowners hesitant to sell, fearing they won’t be able to afford their next house. However, optimism may be on the rise.
A record-high 77 percent of Americans indicated that they believe now is a good time to sell, according to the third-quarter Housing Opportunities and Market Experience (HOME) survey. The National Association of Realtors® (NAR) says the rising confidence indicates a “healthy shift” in the market.
The HOME survey also asked homeowners and renters about considerations when choosing a new neighborhood. Approximately 70 percent of respondents said highly rated schools are “very” or “somewhat” important in choosing a home.

Two other key factors in neighborhood preference are its proximity to where friends and family live and its proximity to jobs with a short commute.

“When you buy a home, you do not just buy the house; you buy a community – neighbors, parks, stores, and schools,” NAR President Elizabeth Mendenhall says. “Realtors® understand the unique qualities of the neighborhoods in their area and can help individual families find and purchase the right home in the right neighborhood.”

Call me to get started !

Five Star award Winner 2011-2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email- rachel@rachelsheller.com

View ALL available Houses on the market on my website.

Licensed in the State of Oregon and Washington

My business is referral based.
If you’ve enjoyed my service, please refer me!

Home-buying affordability rule

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The 36 percent rule is a guideline for consumers to help determine how much money they can comfortably spend on monthly debt payments, according to NerdWallet.com. The rule is based on dividing monthly mortgage payments (principal, interest, taxes, and insurance) and other monthly debt (vehicles, credit cards and student loans) by gross monthly income.

For example, an annual household income of $89,000 divided by 12 months equals a gross monthly income of $7,417. The 36 percent rule means the maximum monthly spending on all household debt should be about $2,670.

While lenders use the 36 percent rule in evaluating mortgage applications, they also consider other factors such as the amount of cash available for the down payment and closing costs, the borrowers’ credit scores and the amount of unsecured debt.

When buying a home, rely on an experienced real estate professional who will ensure that you are making the best purchase for your current need and household budget. To talk more about buying a home, or the steps to get started, please call, email, or text anytime.

 

IT’S A GOOD LIFE!

Five Star award Winner 2011- 2018 honoring the top 7% of real estate professionals in Oregon. 

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES,  Diversity Specialist-HOWNW, Earth Advantage Broker, MASTERS CIRCLE, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email-    homesforyou@frontier.com

View a current list of ALL available Houses on the market go to my website

Licensed in the State of Oregon

My business is referral based.
If you’ve enjoyed my service, please refer me!

IT’S A GOOD TIME TO SELL!

Good time to sell 12-2018

Call or email today. Together we’ll explore the possibilities in our ever-changing real estate market.

Five Star award Winner 2011-2019 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email- rachel@rachelsheller.com

View ALL available Houses on the market on my website.

Licensed in the State of Oregon and Washington

My business is referral based.
If you’ve enjoyed my service, please refer me!

How the new tax law affects home equity debt

If you’re considering getting a home equity loan or home equity line of credit (HELOC), make sure you understand how the tax rules have changed.

First of all, it’s important to clarify that acquisition debt is when money borrowed against your home is used to buy, build or improve a primary or secondary home. Home equity debt is when the money is used for something other than your home, such as paying student loans or funding a business.

Under previous tax laws, taxpayers could deduct interest on home equity debt – no matter what the money was used for – as long as the total mortgage debt was below $1 million, according to Realtor.com®.

The Tax Cuts and Jobs Act suspends this deduction unless the loan is used to “buy, build or substantially improve” a home, according to the IRS. Acquisition debt is still tax deductible, but the total debt limit was lowered from $1 million to $750,000.

Keep receipts from your home improvement projects and consult a tax professional to help you navigate your specific situation.

Five Star award Winner 2011-2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email- rachel@rachelsheller.com

View ALL available Houses on the market on my website.

Licensed in the State of Oregon and Washington

My business is referral based.
If you’ve enjoyed my service, please refer me!