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affordability: Rising Rents Make Buying A Better Deal - 04/09/12 08:39 PM
This year’s selling season comes with an added dose of optimism due, in part, to the increasing cost of renting a home or apartment. A survey by research firm Reis, found the average apartment’s rent rose 2.7 percent last year and, in some markets, was up more than five percent. And, though historically renting has been 10 percent cheaper than buying a home, an analysis from Deutsche Bank found that the gap began closing in 2010 and, by the end of last year, renting was nearly 15 percent more expensive than buying. This, along with high affordability and low mortgage rates, … (2 comments)
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affordability: Continued Jobs Gains Offer More Hope For Housing - 03/12/12 09:18 PM
The economy added 227,000 jobs in February and surpassed economists’ expectations, according to the U.S. Bureau of Labor Statistics. Employment improved in professional and business services, health care and social assistance, leisure and hospitality, manufacturing, and mining. The official unemployment rate was unchanged at 8.3 percent. The gains make it seven-straight months with at least 100,000 jobs added, which is the longest streak since 2005. Continued improvement in the labor market, combined with high affordability and increasing consumer confidence, is key to a significant and sustained housing-market recovery. More here and here.
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affordability: Analysts, Experts Say Rate Of Recovery Varies By Location - 12/06/11 10:37 PM
A panel of industry analysts, insiders, and experts brought together for a recent mortgage-banking conference expressed hope for the housing market but cautioned that the rate of recovery will vary greatly depending on location. Eric Fox, vice president of statistical and economic modeling for Veros Real Estate Solutions, said price-to-rent ratios, demographic trends, and affordability combined with other variables such as schools and neighborhoods will determine the pace of recovery for local real estate. But, despite the number of factors affecting individual markets, the gathered analysts said now is a great time to buy a home due to high affordability and … (0 comments)
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affordability: Improvement Forecast for Housing Market in 2012 - 11/14/11 10:25 PM
According to Lawrence Yun, chief economist for the National Association of Realtors, the best affordability conditions since 1970 combined with a significant level of pent-up demand will lead to an improvement in home sales and the overall housing market in 2012. Yun believes existing-home sales will rise nearly five percent next year and new-home sales, which have been hurt by excess inventory of previously owned homes, will increase 23 percent. Increasing sales and falling inventory should positively effect home prices, which Yun believes will rise in 2012. Yun said home prices have shown a definitive stabilization pattern in most … (0 comments)
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Jan Delimont, Principal Broker
Coos Bay,
OR
More about me…
Prudential Seaboard Properties
Address: 556 N. Bayshore Drive, Coos Bay, OR, 97420
Office Phone: (541) 269-0355
Cell Phone: (541) 290-1850
Email Me
Looking to buy or sell a home in Coos Bay, Charleston, North Bend, Telegraph Hill, Simpson Heights, Lakeside, Bandon or Coquille, Oregon? Jan Delimont (541-290-1850) is just the person to help you out. Licensed in Oregon
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