the dalles real estate: Selling Your House This Spring - Checklist - 02/25/23 09:54 PM
Selling Your House This Spring Checklist
Some Highlights As you get ready to sell your house, there are specific things you can add to your to-do list., there are specific things you can add to your sell your house, there are specific things you can add to your to-do list. These include decluttering, taking down personal photos and items, and power washing outdoor surfaces. Let’s connect so you have advice on what you may want to do to get your house ready to sell this season. … (5 comments)

the dalles real estate: Two Big Issues Facing the Housing Market in Early 2023 - 02/25/23 12:11 PM
Two Big Issues Facing the Housing Market in Early 2023
The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply:
“Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of not finding something to buy.”
Let’s break down these two big issues in today’s housing market.
Rate-Locked Homeowners According to the Federal Housing Finance Agency (FHFA), the average interest rate for current homeowners with mortgages is less than 4% (see graph below):

But today, the typical mortgage rate offered to buyers is over 6%. As … (3 comments)

the dalles real estate: Spring into Action: Boost Your Home’s Curb Appeal - 02/22/23 12:00 AM
Spring into Action: Boost Your Home’s Curb Appeal
To sell your home this spring, it may need more preparation than it would have a year or two ago. Today’s housing market has a different feel. There are more homes for sale than there were at this time last year, but inventory is still historically low. So, if a house has been sitting on the market for a while, that’s a sign it may not be hitting the mark for potential buyers. But here’s the thing. Right now, homes that are updated and priced at market value are still selling fast.
Today, homes with curb appeal that … (4 comments)

the dalles real estate: 2023 Spring Housing Market Could Be a Sweet Spot for Sellers - 02/20/23 03:59 PM
2023 Spring Housing Market Could Be a Sweet Spot for Sellers
Some Highlights The biggest challenge in the housing market is how few houses there are for sale compared to the number of people who want to buy. The number of homes for sale is up from last year but below pre-pandemic numbers, and that means we’re still in a sellers’ market. The housing market needs more homes for sale to meet the demand of today’s buyers. If you’ve thought about selling, let’s connect today. … (2 comments)

the dalles real estate: Why It’s Easy To Fall in Love with Homeownership - 02/20/23 01:20 AM
Why It’s Easy To Fall in Love with Homeownership
No matter how the housing market changes, there are some things about owning a home that never change—like the personal benefits it can provide. When you own your home, you likely feel a sense of attachment because of the comfort it gives and also because it’s a space that’s truly yours.
Over the last few years, we’ve fully embraced the meaning of our homes as we spent more time than ever in them. As a result, the emotional benefits our homes provide have become even more important to us.
As the most recent State of the American Homeowner from Unison puts … (2 comments)

the dalles real estate: What You Should Know About Closing Costs - 02/20/23 01:00 AM
Closing Cost Facts You Should Know
Before you buy a home, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay. To ensure you aren’t caught off guard when it’s time to close on your home, you need to understand what closing costs are and how much you should budget for.
What Are Closing Costs? People are sometimes surprised by closing costs because they don’t know what they are. According to Bankrate:
“Closing costs are the fees and expenses you must pay before becoming the … (3 comments)

the dalles real estate: Staying Up-To-Date On Mortgage Rates - 02/17/23 11:37 AM
Mortgage rates change daily. Here is a website to see a quick summary of changes, on average, nationwide, from the prior day, week, month, and year.  It is just a quick way to get an overview of mortgage rate activity/trends.  The red arrows mean an increase in rates; the green arrows indicate a decrease in rates. Just an FYI if you want to track mortgage rate trends. Of course, you need to speak with your lender to find out their rates, as they will likely differ from the averages shown in the chart. Take care,Mel This is the chart for Feb 17, 2023. … (0 comments)

the dalles real estate: Why Today’s Housing Market Isn’t Headed for a Crash - 02/09/23 11:42 PM
Why Today’s Housing Market Isn’t Headed for a Crash
67% of Americans say a housing market crash is imminent in the next three years. With all the talk in the media lately about shifts in the housing market, it makes sense why so many people feel this way. But there’s good news. Current data shows today’s market is nothing like it was before the housing crash in 2008.
Back Then, Mortgage Standards Were Less Strict During the lead-up to the housing crisis, it was much easier to get a home loan than it is today. Banks were creating artificial demand by lowering lending standards and making … (4 comments)

the dalles real estate: HOOD-RIVER BRIDGE 4-DAY CLOSURE MAY 19-22, 2023 - 01/30/23 07:41 PM
The Hood River-White Salmon Interstate Bridge will be closed to all traffic for four consecutive days, May 19-May 22, 2023. Work crews will perform a complete replacement and adjustment of the counterweight ropes.
A big project with a big impact on traffic. More detailed information on the closure is available from the Port of Hood River.
Originally constructed in 1924, the bridge is beyond its design life, obsolete, and insufficient for modern vehicles and marine freight. During a 3-day closure in 2022, the bridge replacement partners created a video describing the impacts of such closures and the urgent need for replacement funding, viewable … (1 comments)

the dalles real estate: Think Twice Before Waiting for 3% Mortgage Rates - 01/27/23 09:23 AM
Think Twice Before Waiting for 3% Mortgage Rates
Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans.
Today, the rate of inflation is starting to drop. And as a result, mortgage rates have dipped below last year’s peak. Sam Khater, Chief Economist at Freddie Mac, shares:
“While mortgage market activity has significantly shrunk over the last year, inflationary pressures are easing … (2 comments)

the dalles real estate: Key Terms To Know When Buying a Home - 01/19/23 10:56 PM
Key Terms To Know When Buying a Home
Some Highlights Buying a home is a major transaction that can seem even more complex when you don’t understand the terms used throughout the process. If you’re looking to become a homeowner this year, it’s important to know these housing terms and how they relate to the current market so you feel confident throughout the homebuying process. Let’s connect so you have expert answers for any questions as they come up. … (4 comments)

the dalles real estate: Pre-Approval in 2023: What You Need To Know - 01/19/23 02:26 PM
Pre-Approval in 2023: What You Need To Know
One of the first steps in your home-buying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains:
“In a preapproval [sic], the lender tells you which types of loans you may be eligible to take out, how much you may be approved to borrow, and what your rate could be.”
Basically, pre-approval gives you critical information about the home-buying process that’ll help you understand your options and what you may be able to borrow.
How does it work? As part of … (2 comments)

the dalles real estate: More Negotiation Power When You Buy a Home Today? - 12/18/22 11:39 PM
More Negotiation Power When You Buy a Home Today?
Did the frequency and intensity of bidding wars over the past two years make you put your home search on hold? If so, you should know the hyper-competitive market has cooled this year as buyer demand has moderated and housing supply has grown. Those two factors combined mean you may see less competition from other buyers.
And with less competition comes more opportunity. Here are two trends that may be the news you need to reenter the market.
1. The Return of Contingencies Over the last two years, more buyers were willing to skip important steps … (1 comments)

the dalles real estate: 2023 Housing Market Forecast - 12/16/22 10:10 PM
2023 Housing Market Forecast
Some Highlights From home sales to prices, the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation. If you’re thinking of buying or selling a home this year, let’s connect so you understand where the housing market is headed in 2023. Sources: realtor.com Home Price Expectations Survey (HPES) National Association of Realtors (NAR) Mortgage Bankers Association (MBA) Fannie Mae Freddie Mac Zelman & Associates Greg McBride, Chief Financial Analyst, Bankrate … (2 comments)

the dalles real estate: Selling? Today’s Housing Supply Gives You Two Opportunities - 12/16/22 09:48 PM
Ready To Sell?Today’s Housing Supply Gives You Two Opportunities.
At first glance, the increase in housing supply compared to last year may not sound like good news for prospective sellers, but it actually gives you two key opportunities in today’s housing market.
An article from Calculated Risk helps put the inventory gains the market has seen in 2022 into perspective by comparing it to recent years (see graph below). It shows supply has surpassed 2021 levels by 58%. But the further back you look, the more you’ll understand the bigger picture. And if you go all the way back to 2019, the last normal year in real … (3 comments)

the dalles real estate: What Every Seller Should Know About Home Prices - 12/16/22 09:41 PM
What Every Seller Should Know About Home Prices
If you’re trying to decide whether or not to sell your house, recent headlines about home prices may be top of mind. And if those stories have you wondering what that means for your home’s value, here’s what you really need to know.
What’s Really Happening with Home Prices? It’s possible you’ve seen news stories mentioning a drop in home values or home price depreciation, but it’s important to remember those headlines are designed to make a big impression in just a few words. But what headlines aren’t always great at is painting the … (1 comments)

the dalles real estate: Homeownership Is an Investment in Your Future - 12/11/22 11:28 PM
Homeownership Is an Investment in Your Future
There are many people thinking about buying a home, but with everything affecting the economy, some are wondering if it’s a smart decision to buy now or if it makes more sense to wait it out. As Bob Broeksmit, President and CEO of the Mortgage Bankers Association (MBA), explains:
“The desire for homeownership is strong. Many prospective buyers are waiting for the volatility in mortgage rates to subside, as well as for a clearer picture of the economic outlook.”
If you’re in that position, remember that it’s important to consider not just what’s happening today but also what benefits you … (3 comments)

the dalles 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 … (0 comments)

the dalles real estate: Winter Home Selling Checklist - 12/05/22 07:54 PM
Winter Home Selling Checklist
Some Highlights As you get ready to sell your house, focus on tasks that make it inviting, show it’s cared for, and boost your curb appeal. This list will help you get started, but don’t forget, a real estate professional will provide other helpful tips based on your specific situation. Let’s connect so you have advice on what you may want to do to get your house ready to sell this season. … (3 comments)

the dalles 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 … (2 comments)

 
Mel Ahrens, MBA, Kelly Right Real Estate, Customized Choices for your Real Estate Needs (Kelly Right Real Estate)

Mel Ahrens, MBA, Kelly Right Real Estate

Customized Choices for your Real Estate Needs

Hood River, OR

More about me…

Kelly Right Real Estate

Address: 4966 Hillcrest Rd, Parkdale, OR, 97041

Mobile: (509) 540-1309



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