real estate future: The 2016 Forecast Breakdown - 12/24/15 03:58 AM

Predictions for the New Year’s real estate market include forecasts of a healthy market with steady growth similar to 2015. While some market areas have still not recovered their home value prior to the recession, the 2016 market is expected to raise home values in most areas and hail the return of a more normal housing market.
 
One of the areas often found lagging behind the recession and housing bubble recovery continues to be rural areas that have smaller buyer pools. As 2016 is expected to see retirees, millennials, and younger generation x’ers (ages 35-44) comprising the majority of the buyers’ … (7 comments)

real estate future: Future for Rental Properties - 12/16/14 01:49 AM
Despite the fact that mortgage rates are near record lows and home prices are approximately 15% below prices during the housing peak, the rate of first-time home buyers has reached an all-time low this year. And while young adults and millennials would like to be homeowners, the National Association of Realtors blames heavy student loan debt and flat-lined incomes for holding back first time home sales. Additionally, tightening lending standards make qualifying for mortgages more difficult for those entering the housing market.
However, future home sales for first-time home-buying millennials and downsizing baby boomers are forecasted for smaller, less expensive homes. … (8 comments)

 
Kelly Hagglund, SW Portland Real Estate Expert (The Kelly Group Real Estate)

Kelly Hagglund

SW Portland Real Estate Expert

Newberg, OR

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The Kelly Group Real Estate

Address: 215 N Blaine St, Newberg, OR, 97132

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