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Brain on Overload: Classes, Classes and More Classes (guess the topic) - 02/26/10 06:54 PM
In the past couple of weeks, I've attended several really good classes, two of which addressed different aspects of the foreclosure market.
At the first class, Jim Long, Bend's Affordable Housing Manager, discussed a new loan program available in Central Oregon for residents with moderate income who purchase bank-owned homes.
As part of phase two of HUD's Neighborhood Stabilization Program (also know as NSP-2), qualified buyers may receive a zero-interest, deferred-payment loan of up to 20 percent of the purchase price (or a maximum of $35,000). Those funds can be used to help with a down payment, mortgage buy-down or closing … (3 comments)
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The Homebuyer Tax Credit Countdown Has Begun - 02/25/10 01:47 PM
When the federal first-time homebuyer tax credit was first announced back in 2008, it got a lot of attention -- even though the "credit" of up to $7,500 was actually an interest-free loan. So did the new and improved version rolled out last year, which was redubbed the "Homebuyer Tax Credit" (it provides a real tax credit of up to $8,000 for a first-time homebuyer and up to $6,500 for a repeat home-buyer). Of course, since this is a federal program, there are many requirements to receiving the credit, but it is a great perk for folks in the market for … (2 comments)
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January 2010 Real Estate Market Snapshot for Tumalo, Oregon - 02/16/10 01:07 PM
After several months of positive market shifts (decreasing inventory and fewer days on market), Tumalo started the new year by experiencing increases in both inventory (from 61 Active RW listings in December to 70 in January) and days on market (from 248 days in December to 254 in January). Similarly, the overall supply increased, from a 16-month supply in December to a 19-month supply in January.
On the plus side (for buyers, anyway), the median price for Active RW listings in Tumalo continued to decrease (from $649,000 in December to $609,450 in January), as did the number of Active … (1 comments)
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January 2010 Real Estate Market Snapshot for Sisters, Oregon - 02/16/10 12:25 PM
Sisters started the year off well, with an increase in sales activity -- from 14 pending and closed sales in December to 19 pending and closed sales in January. Meanwhile, after trending down for several months, the median sales price for Active Single Family Residence listings rose a bit - from $349,450 in December to $365,000 in January (but still a far cry from the 2009 high of $492,500 last June).
The median sales price for Active Residential With Acreage listings, on the other hand, decreased (from $724,000 in December to $711,500 in January, with the 2009 … (0 comments)
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Community of Sisters, Oregon, Invited to Distressed-property Seminar - 02/08/10 04:22 PM
The national economic crisis combined with the dramatic downturn in our local real estate market has proven to be an extremely challenging combination for a lot of us. Property values are down, the lending industry is in upheaval and the continued economic slowdown has wreaked havoc with our savings accounts.
And because the current economic climate is so unprecedented, few people have experience in dealing with the many daunting mortgage challenges that are becoming more and more commonplace. If you're having financial difficulties that may make it difficult or impossible for you to maintain your mortgage payments (or just want to … (0 comments)
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Lisa Broadwater, GRI, CDPE Central Oregon Real Estate - Sisters, Tumalo, Bend & Redmond
Bend,
OR
More about me…
Alpine Real Estate
Office Phone: (541) 388-1600
Cell Phone: (541) 480-0987
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