ashland oregon real estate: Are you a Nervous about the Housing Industry Like me?
- 02/15/10 08:39 AM
We have all been hearing the news... The Fed plans to end their mortgage-bond-purchase program that has helped keep mortgage interest rates low in the next month. The Fed has been buying the mortgage bonds being put out by Fannie Mae and Freddie Mac, replacing private investors such as pension funds and mutual funds that have avoided bonds since the subprime mortgage crisis. This is why interest rates have stayed low all year. Once the Feds stop buying, everyone is expecting interest rates to rise. The question on everyone's mind is - will the push up of rates stimey buyers from buying homes at a time when buyers are worried … (0 comments)
ashland oregon real estate: Ashland and Medford Area Homes Sales Statistics for Jan 2010
- 02/06/10 01:44 AM
The Southern Oregon MLS just posted the real statistics for the Ashland and Medford area home sales. The data compares the time period of Nov. 1, 2008 to Jan 31, 2009 to Nov 1, 2009 to Jan 31, 2010. Below are some excerpts from their data: The median sales price held steady in Ashland and East Medford. There was a 68.7% increase in the number of sales. The number of homes on the market in all of Jackson County dropped 17%. The number of distressed sales made up 49.4% of the closed transactions … (0 comments)
ashland oregon real estate: Home Sales information for Ashland & Medford area.
- 01/28/10 08:23 AM
Below are the highlights from the recent SOMLS data released for sales in Ashland, Medford, and Jackson County:Ashland - 45 more homes in 2009 than 2008. The median sales price for existing home sales went down from $375,000 to $328,125.Medford - 184 more homes in 2009 than 2008. The median sales price for exisitng home sales went down from $175,000 to $134,000 in W. Medford and $239,500 to $205,950.Countywide 387 more homes in 2009 than 2008. The median sales price for existing home sales went down from $225,000 to $186,000 (-17.3%).Note that the median price decline does not mean sales prices … (1 comments)
ashland oregon real estate: Will Ashland and Medford Home Prices increase in 2010?
- 11/13/09 11:23 AM
Today I attend a conference regarding the housing economy. One of our speakers was Lawerence Yun, the chief economist for the National Association of Realtors, according to him, he predicts home sales to increase by at least 15% in 2010.He also predicts home prices to appreciate by about 3 to 5% from where the prices are at today. This is good news for sellers who want to sell their home or property next year in the Ashland and Medford area. Three to 5 percent is a normal home appreciation since it matches normal inflation.Right now the overall housing inventory is at … (3 comments)
ashland oregon real estate: My Accountants Info on the Home Buyer Tax Credit you can use to Buy a Home in Ashland or Medford
- 11/11/09 11:11 AM
My Accountant has let me post this information that he provides. I think it is good to review what a tax professional has to say. On November 6, the President signed into law H.R. 3548, the ''Worker, Homeownership, and Business Assistance Act of 2009.'' The new law extends and generally liberalizes the tax credit for first-time homebuyers, making it a much more flexible tax-saving tool. It also includes some crackdowns designed to prevent abuse of the credit. These important changes could it make it easier for you or someone in your family to buy a home. And because the changes generally … (1 comments)
ashland oregon real estate: Homebuyer Tax Credit Changes 2009-2010 - Ashland and Medford Homes Sales Info
- 11/09/09 08:45 AM
Home sales in Ashland and Medford area should remain steady now that Congress has passed new legislation that: Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010. Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010. This is for home purchases up to $800,000. If you have specific questions or need additional information, please contact a tax professional or the Internal Revenue Service at 800-829-1040. To see a comparison chart CLICK HERE. … (1 comments)
ashland oregon real estate: Empty or Full, Which Half are You?
- 10/05/09 11:25 AM
Every day there is someone's opinion on the economy. In particular, I am focused on the housing market. I know opinions are like belly buttons - every one has one, but....How can there be a so many conflicting opinions??? The LA times just posted an opinion that said there is no pent up demand for housing and hence there will really never a be quick recovery and it will take many years to see any real appreciation. But, the National Association of Realtor's, economist, says just the opposite - we have pent up demand, and it is, and will fuel a housing recovery. … (2 comments)
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