Tag Archives: oregon city houses

A Balanced Market Is Predicted In 2019

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Economists who focus on the housing market are anticipating a more balanced market this year, reports RISMedia . Home prices are just starting to level off, and softening a bit in our area following the frenzied seller’s market of the past few years. Unfortunately, mortgage interest rates are beginning to climb, which will affect the housing affordability factor for many would-be buyers.

First-time buyers will continue to dominate the real estate market, accounting for an estimated 45 percent of all new mortgages in the coming year, says the National Association of Realtors®. Many millennial’s have savings for their down payment in the bank and are eager to purchase their first home, but the shortage of resale properties continues to limit their buying options.

Wherever the balanced market leads us, home buyers primarily want to know how much their monthly mortgage payment will be and if they can afford it. If you’re planning to buy a home this year, what matters most is focusing on your local market and your housing needs. Typically, the majority of home buyers decide to act because of the timing in their lives, not necessarily the timing in the marketplace. I’m encouraging all of my clients who are thinking about selling, buying, or both. The market in the Portland-Metro area is already starting to see some “softening” and change in prices and market time. Call, email, or text me for more information about your home and neighborhood and how to get started.

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- rachel@rachelsheller.com

View ALL available Houses on the market on my website

Licensed in the State of Oregon and Washington

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91% of sellers listed with a Realtor®

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This past year was definitely a strong seller’s market, according to recently released data from the National Association of Realtors®. With stiff competition among buyers for the low number of listings available in the marketplace, you might think that homeowners would opt to sell their own houses. However, for-sale-by-owner properties were at an all-time low. In fact, 91 percent of sellers listed with a Realtor® in order to take advantage of the professional agent’s knowledge of the market and expertise in negotiating the sale.

Here are some other trends about home sellers in 2018:

  • Nearly 45 percent moved up to a larger house.
  • The median gain in their home equity was $55,000.
  • The average time spent living in the home before selling was 9 years.
  • The typical distance between the property sold and the property purchased was about 20 miles.
  • Typically, Listing with a Realtor gets you more money than going alone.

For more information on selling and/or buying in today’s market please call, email, or text anytime to go over all your options, steps, costs, time it takes and how to get the best deal possible.

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, Diversity Specialist-HOWNW, Earth Advantage Broker, MASTERS CIRCLE, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email- rachel@rachelsheller.com

View an accurate list of  ALL available Houses on the market on my website.

Licensed in the State of Oregon and Washington

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