hood river county real estate: Prioritizing Wants & Needs as a Homebuyer in Today’s Market
- 12/11/22 09:57 AM
Prioritizing Wants & Needs as a Homebuyer in Today’s Market There’s no denying mortgage rates are higher now than they were last year. And if you’re thinking about buying a home, this may be top of mind for you. That’s because those higher rates impact how much it costs to borrow money for your home loan. As you set out to make a purchase this winter, you’ll need to be strategic so you can find a home that meets your needs and budget. Danielle Hale, Chief Economist at realtor.com, explains: “The key to making a good decision in this challenging housing market is to be laser focused
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hood river county real estate: Time To Add Newly Built Homes to Your Search?
- 11/16/22 09:24 PM
Why It May Be Time To Add Newly Built Homes to Your Search If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market. If you’re willing to work with a trusted agent to consider a newly built home, you may have even more options and incentives than you realize. That may be why the National Association of Home Builders (NAHB) says the share of buyers looking for new construction is increasing: “According to the quarterly Housing Trends Report, the popularity of new construction
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hood river county real estate: What’s Ahead for Mortgage Rates and Home Prices?
- 11/13/22 11:52 PM
What’s Ahead for Mortgage Rates and Home Prices? Now that the end of 2022 is within sight, you may be wondering what’s going to happen in the housing market next year and what that may mean if you’re thinking about buying a home. Here’s a look at the latest expert insights on both mortgage rates and home prices so you can make your best move possible. Mortgage Rates Will Continue To Respond to Inflation There’s no doubt mortgage rates have skyrocketed this year as the market responded to high inflation. The increases we’ve seen were fast and dramatic, and the average 30-year fixed mortgage rate even
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hood river county real estate: Homeownership Equity Gains Over The Past 30 Years
- 11/04/22 12:36 PM
Homeownership Equity Gains Over The Past 30 Years Some Highlights If you’re questioning whether or not to buy a home this year due to today’s cooling market, consider the long-term financial benefits of homeownership. As a homeowner, equity increases your wealth. On average, nationwide, home prices appreciated by 290.2% since 1991. Homeownership wins in the long run. If you’re ready to buy a home, let’s connect today.
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hood river county real estate: What is Happening to Housing Supply & Demand?
- 10/20/22 07:47 AM
The Latest on Supply and Demand in Housing (Nationally) Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point. The graph below helps tell the story of just how different things are today. This year, buyer demand has eased as higher mortgage rates and mounting economic uncertainty moderated the market. This slowdown in demand is clear when you look at the red bar on the graph. It uses the latest data from ShowingTime to illustrate how showings (an
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hood river county real estate: Home Ownership - Emotional & Non-Financial Benefits
- 10/17/22 09:23 AM
The Emotional and Non-financial Benefits of Homeownership With higher mortgage rates, you might be wondering if now's the best time to buy a home. While the financial aspects are important to consider, there are also powerful non-financial reasons it may make sense to make a move. Here are just a few of the benefits that come with homeownership. Homeowners Can Make Their Home Truly Their Own Owning your home gives you a significant sense of accomplishment because it’s a space you can customize to your heart’s desire. That can bring you added happiness. In fact, a report from the National Association of Realtors (NAR) shows making updates or
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hood river county real estate: Do I Need a 20% Down Payment to Purchase a Home?
- 10/10/22 11:53 PM
Saving for a Down Payment? Here’s What You Should Know. As you set out to buy a home, saving for a down payment is likely top of mind. But you may still have questions about the process, including how much to save and where to start. If that sounds like you, your down payment could be more in reach than you originally thought. Here’s why. The 20% Down Payment Myth If you believe you have to put 20% down on a home, you may have based your goal on a common misconception. Freddie Mac explains: “. . . nearly a third of prospective homebuyers
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hood river county real estate: Sellers May See Less Buyer Competition
- 10/04/22 09:44 AM
Buyers: You May Face Less Competition as Bidding Wars Ease One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase a home and so few of them available for sale, fiercely competitive bidding wars became the norm during the pandemic – and it drove home prices up. If you tried to buy a house over the past two years, you probably experienced this firsthand and may have been outbid on several homes along the way. But here’s the news you’ve been waiting for: data shows clear signs bidding
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hood river county real estate: Your Net Worth & Owning A Home
- 10/03/22 11:00 PM
How Owning a Home Builds Your Net Worth Owning a home is a major financial milestone and an achievement to take pride in. One major reason: the equity you build as a homeowner gives your net worth a big boost. And with high inflation right now, the link between owning your home and building your wealth is especially important. If you’re looking to increase your financial security, here’s why now could be a good time to start on your journey toward homeownership. Owning a Home Is a Key Ingredient for Financial Success A report from the National Association of Realtors (NAR) details several homeownership trends, including a significant gap in net
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hood river county real estate: Prepping Your House For Sale This Fall
- 10/03/22 10:54 PM
How To Prep Your House for Sale This Fall Today’s housing market is different than it was just a few months ago. And if you’re thinking about selling your house, that may leave you wondering what you need to do differently as a result. The answer is simple. Taking the time upfront to prep your house appropriately and create a solid plan can help bring in the greatest return on your investment. Here are a few simple tips to make sure you maximize the sale of your house this fall. 1. Price It Right One of the first things buyers will notice is the price of your
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hood river county real estate: Considering Buying vs Renting Your Home
- 09/30/22 10:52 AM
Rents continue to increase. Renters are paying someone else's mortgage and increasing their landlord's equity. Call me if you would like to discuss buying a home versus renting. I can help you as you consider your options. If you would like additional information on the real estate market (including lender contacts) in Hood River and Wasco County, I can assist you.
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hood river county real estate: How To Think Strategically as a Buyer in Today’s Market
- 12/02/21 03:43 PM
The game of chess can provide incredible lessons to apply to all aspects of life, including the homebuying process. Chess requires you to plan and think about your strategy from the very beginning of the game. The homebuying process, like chess, requires strategy and planning. Here are a few things to keep in mind to ensure your plan is as strong as possible when you begin your home search. Pre-Approval: the Best Opening Play To Make as a Homebuyer It’s important to have a great opening play when you’re buying a home. And the best move you can make when you
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hood river county real estate: Hood River County Home Sales Activity January 2020
- 02/08/20 04:23 PM
During January 2020, seventeen (17) homes sold in Hood River County, ranging in price from a low of $200,000 to a high of $1,500,000. In December 2019, twenty-seven (27) homes sold. The Hood River County average sales price was $451,700 and the median sales price was $375,000 during January 2020. The average square footage of the sold homes was 1,851, with a median of 1,570 square feet. The Average Days on Market (DOM) was 64 days, with a Median DOM of 55 days. The average sale price was approximately 14.7% less than the average original list price during January 2020 for
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hood river county real estate: Hood River Bridge Lane Closure Dec 3, 2019
- 12/03/19 01:38 AM
The Hood River Bridge will have the southbound lane closed on Dec 3, 2019, to repair guardrails. The single-lane closure will begin at 9am and last until the repairs are completed; expected to be approximately 3pm. Plan accordingly and expect delays with traffic backups. Flaggers will be assisting drivers as they proceed through the work zones. Drive safely and keep an eye out for workers. For more information, you may call the Port of Hood River at (541) 386-1645 or email porthr@gorge.net.
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hood river county real estate: Hood River County Home Sales November 2019
- 12/02/19 12:37 AM
During November 2019, twenty-nine (28) homes sold in Hood River County, ranging in price from a low of $40,000 to a high of $860,000. The Hood River County average sales price was $452,200 and the median sales price was $421,500 during November 2019. The average square footage of the sold homes was 1,854, with a median of 1,752 square feet. The Average Days on Market (DOM) was 72 days, with a Median DOM of 53 days. The average sale price was approximately 7.3% less than the average original list price during November 2019 for Hood River County. There were 21 homes sold in
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hood river county real estate: Reminder Hood River Blood Drive Oct 8, 2019
- 10/05/19 11:46 PM
REMINDER: There is a significant shortage of blood this time of year. Did you know in the next hour, 1,800 people will need blood in the United States. And another 1,800 the following 60 minutes. That is 43,200 people in one day who need blood. Donating blood saves lives. The American Red Cross is having a couple of blood drives in Hood River this week. Please donate as you could help save a life. The blood drives are: Tue, Oct 8, 2019, 9:30am - 3:30pm, Waucoma Building, 902 Wasco St, Hood River, OR 97031 Fri, Oct 11, 2019, 10:00am - 3:00pm, Hood River Wal-Mart, 2700
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hood river county real estate: Hood River Blood Drives - Oct 8, 2019 and Oct 11, 2019
- 10/05/19 11:42 PM
There is a significant shortage of blood this time of year. Did you know in the next hour, 1,800 people will need blood in the United States. And another 1,800 the following 60 minutes. That is 43,200 people in one day who need blood. Donating blood saves lives. The American Red Cross is having a couple of blood drives in Hood River this week. Please donate as you could help save a life. The blood drives are: Tue, Oct 8, 2019, 9:30am - 3:30pm, Waucoma Building, 902 Wasco St, Hood River, OR 97031 Fri, Oct 11, 2019, 10:00am - 3:00pm, Hood River Wal-Mart, 2700 Wasco
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hood river county real estate: Reminder - Hood River Blood Drive Aug 13, 2019
- 08/11/19 07:01 PM
REMINDER - There is a significant shortage of blood this time of year. Did you know in the next hour, 1,800 people will need blood in the United States. And another 1,800 the following 60 minutes. That is 43,200 people in one day who need blood. Donating blood saves lives. The American Red Cross is having a blood drive in Hood River this week. Please donate as you could help save a life. The blood drive is: Tue, Aug 13, 2019, 9:30am - 3:30pm, Waucoma Building, 902 Wasco St, Hood River, OR 97031 For those donating through August 29, 2019, each donor will receive a $5
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hood river county real estate: Hood River County April 2019 Real Estate Market Snapshot
- 05/19/19 12:46 PM
This a quick overview of the April 2019 Hood River County Real Estate market. The average* sales price has DECLINED by 3.8% compared to April 2018. The median* sales price has increased by 2.1% compared to April 2018. The decline in average sales price is driven by higher priced homes staying on the market longer, while lower priced homes generally continue to sell sooner. Home inventory for April 2019 decreased to 4.4 months, a 10% decrease from March 2019 2018 (4.5) and a 19% increase from April 2018 (3.7 months inventory). Looking back 2 years, the April 2017 home inventory was only 1.6 months. This
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hood river county real estate: December 2018 Hood River County Real Estate Overview
- 01/15/19 03:43 AM
This a quick overview of the December 2018 Hood River County Real Estate market. The average* sales price has DECLINED by 3.4% compared to December 2017. The median* sales price has increased by 1.8% compared to December 2017. The decline in average sales price is driven by higher priced homes staying on the market longer, while lower priced homes generally continue to sell sooner. Home inventory for December 2018 increased to 4.4 months, a 19% increase over November 2018 (3.7 months) and 21% below December 2017 (5.6 months inventory). Looking back 2 years, the December 2016 home inventory was only 2.9 months. This Is a 52%
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