Tag Archives: portland housing

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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NEW NE PORTLAND LISTING. GORGEOUS!! COMPLETELY REMODELED

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RMLS#16624434 4303 NE 80th Portland, OR 97218 $359,000 Prepare to fall in Love! Absolutely gorgeous total home remodel. New: roof, siding, water line, foundation, windows, hardwood floors, light fixtures, interior & exterior paint, landscaping PLUS remodeled kitchen with all new … Continue reading

PORTLAND/METRO MOST CURRENT REAL ESTATE STATS & NUMBERS

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October Residential Highlights

October brought some cooling to real estate activity in the Portland metro area, but pending sales were still on the rise this was the strongest October for pending sales in the area since October 2005. Inventory in the Portland metro area decreased slightly in October to 1.8 months. Remember 6 months is considered a balanced market. Anything under 6 months is considered a sellers’ market and above 6 months is considered a buyers’ market. We are in a STRONG sellers’ market right now. We have actually been in a sellers’ market for well over 3 years.

Total market time in holding steady at 46 days (Time it takes to get an accepted offer on your home).

Sale Prices and the Future of Real Estate

Prices continue to rise. The median sale price rose a whopping 7.0% for all areas (All neighborhoods are different-for your call, email or text me).

The interest rates are still very low making it affordable to purchase even though the prices are rising. The economic forecasts I have heard say we are in in for another year of increased prices!

This is very good news people! If you are waiting to make a more or wished you would of done it before the crash NOW is the time! Call, email, or text me for information on selling or buying residential property. You’ll be glad you did!

Five Star award recipient 2011, 2012, 2013, 2014, 2015 & 2016 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-Oregon First, Realtors

Direct 503.380.9634 Email-    homesforyou@frontier.com

View ALL available Houses on the market @ my Web Site-

WONDERFUL WOODBURN HOME FOR SALE!

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Welcome home to your wonderful Woodburn home! Nestled in a charming side street this home has many fabulous amenities! Wood floors under carpet (bedrooms and living room), lots of windows, 912 SF of living space, BIG, BRIGHT kitchen with appliances included (FS-Range, FS Fridge AND clothes washer & dryer too!!). Spacious 11 X 7 utility room, detached 1 car garage, room for RV parking in driveway…..just needs a little TLC to make this darling home shine!! see more photos & information at my website. RMLS#15170094

OPPORTUNITY KNOCKS!! Build your own sweat equity! NEW LISTING!!

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Bring your tool belt! This beauty just needs some TLC to shine. This is an amazing opportunity for you! This fabulous home features an enormous 3 car garage that has 220, an office and storage area-VERY RARE. This home also features covered RV parking, calming deck overlooking the spacious private back yard, extra large kitchen with lots of light. Open floor plan throughout and hardwood floor.
This beauty is in a perfect location off the main thorough fair but with easy access to public transportation. You are also located at the foot of Powell Butte-Walking trails just down the road. RMLS# 15430922
SEE ME on my website!!

BASIC LAW OF ECONOMICS IN REAL ESTATE.

supply and demand

It’s a basic law of economics: Demand goes up. Supply goes down. Prices rise.
Nationally, that’s happening right now. With normal population increases and an improving economy, demand is growing, and supply is tight in many areas.

Additionally, despite analysts’ predictions, interest rates have held at relatively low levels. Low rates keep home payments more affordable.

What might this mean for you?

• If you’re in the process of buying or selling, you’re probably in a good spot. Many sellers are seeing higher bids, and many buyers can afford to make them because of currently low rates.
• If you’re planning to stay in the home you now own, it’s likely your home value is growing. More equity and the possibility of refinancing at today’s rates create a comforting combination that’s tough to beat.

If you are looking to buy or sell real estate give me a call. I’m here to help.

Thank you Randy Drizwicki for this great article
All Western Mortgage

RARE ONE OWNER HOME IN ONE OF GRESHAM’S FINEST NEIGHBORHOODS!

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Welcome Home! RARE, one owner home has been lovingly cared for and maintained since new! This gorgeous home features 4 spacious bedrooms, 2 1/2 bathrooms (both full baths have been remodeled/updated), 2 oversized car garage with room for a good sized shop/work area, large living room with vaulted ceilings and cozy wood fireplace, fabulous 19 X 14 family room with another cozy fireplace, and wood wainscoting, plus big fenced, private backyard all situated in one of Gresham’s highly sought after neighborhoods. Sam Barlow School district.
Remodeled (In approx. 1999), bright, great room concept kitchen  includes all appliances, new neutral flooring, and vaulted ceilings. The expansive dining room also has vaulted ceilings and a slider to your gorgeous deck that overlooks your private, fenced back yard. AHS Home warranty included!
Move in ready and just waiting for you to can it HOME!! RMLS#15077480