This week has made me feel a bit like this hamster. Running, running, running...but still in basically the same place. Trying to re-boot this mentality, I thought I'd do some market research for this gorgeous area I live and work in, Southern Oregon.
Just out of curiosity, I thought I would go explore how many homes are on the market in the Rogue Valley that might suit the entry-level buyer. Imagine my surprise when I had to cut the criteria back over and over again after finding 700+ homes for sale under $200,000! Narrowing in to categories, I found:
75 homes on the market priced from $ 90,000-135,000
73 homes on the market priced from $135,000-155,000
118 homes on the market priced from $155.000-170,000
302 homes on the market priced from $170,000-200,000
When was the last time Southern Oregon buyers have had the opportunity to find homes - this many homes - available in these price ranges? My criteria stipulated 2+ bedrooms and residential, so this includes houses, townhomes/condominiums, and manufactured homes on land. It also includes a home for $154,900 in Ashland Oregon! And 8 homes built in 2003 or later in Medford Oregon priced from $170,000-200,000!
I saw so many potential buyers miss the boat in Southern California after the market picked up again after the Northridge Earthquake in 1994 and again after the 2001-2002 market slowdown. I sure hope home buyers looking to purchase in our many fine Southern Oregon Cities - Ashland, Talent, Phoenix, Jacksonville, Medford, Central Point, White City, Eagle Point, Shady Cove, Gold Hill, Rogue River, Grants Pass, Merlin, Cave Junction, and Applegate/Ruch - don't miss the boat this time around, while sidelined by the often times inaccurate portrayals they are reading/hearing/seeing in the news!
Tools are available, like Oregon Bond Loan and USDA Guaranteed Rural Housing Loan. Financing IS available.
http://activerain.com/blogsview/726683/Oregon-Jumbo-Real-Estate-Loans-Still-Available
http://activerain.com/blogsview/208966/Oregon-Bond-Loan-Still-the-Best-Deal-In-Town
See you at the closing table!
Karen Cooper - OR/CA Mortgage Consultant - www.Quality4Loans.com
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