Category Archives: Real estate
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Are Low Appraisals Next?
Posted on April 16, 2013 by Agent In A Kilt in General, Real estate.I’ve been reading reports from other areas of the country about low appraisals. Basically, the appraisals are coming in low because they are not recognizing the shift in the market, and that because of excessively low inventory that prices are on the rise. I have not experienced it yet in our market, but I [...]
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Where are the buyers searching
Posted on April 5, 2013 by Agent In A Kilt in General, Real estate.Common sense tells us that the lower the price, the more people who are in the market looking to buy. Some statistics that I just got demonstrate what price ranges are being searched by consumers. These are numbers provided by the major players, Zillow, Trulia, Realtor.com, etc. Last month, there were 28,171 views of 3 [...]
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What is a Boomerang Buyer?
Posted on April 3, 2013 by Agent In A Kilt in Foreclosure, Real estate.You may be hearing the term Boomerang Buyer when people talk about the housing market. Boomerang buyers are people who lost their home in foreclosure or sold as a short sale, and are now beginning to return to the real estate market. These are going to be good strong buyers. They will have some [...]
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Zombie Apocolypse
Posted on April 2, 2013 by Agent In A Kilt in Foreclosure, Humor.It is kind of funny that the popularity of zombies has hit the real estate market. According to an article in the Chicago Tribune, based off a study by Reuters, the media has started referring to homes that are vacant, but have yet to be foreclosed on as “zombie” homes. They are deteriorating because they [...]
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Inventory Is Low
Posted on October 4, 2012 by Agent In A Kilt in Real estate, Uncategorized.Well, if you were looking to time the bottom of the market to buy a home, I think we found it about 6 months ago. All indications point to increasing prices. The most drastic one is the lack of inventory right now. There is a 3.5 month supply of houses to buyers right now. [...]
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We’re Number 2
Posted on May 23, 2012 by Agent In A Kilt in General, Real estate.An article posted on CNN Money today listed the top 10 places in the country that they are predicting a housing price rebound. And Medford Oregon was listed as the number 2 spot town in the country. Predicting economics seems to me to be like fortune telling. One can get lucky, and get it right [...]
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Multiple Offers? Consistently!
Posted on May 23, 2012 by Agent In A Kilt in Real estate.So if you are out in the local real estate market in Jackson County right now…and say shopping for a house under $200,000. You may have notice something. There are multiple offers on almost every house. Why is this? Well, it comes down to that basic economic principle of Supply and Demand. Currently in Jackson [...]
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Short Sales in Southern Oregon
Posted on December 9, 2011 by Agent In A Kilt in Foreclosure, Real estate.Short Sales:The brief definition of a “short sale” is when the owner of a house owes more to the bank(s) than the house can be sold for, and therefor a sale requires the bank to release the lien for less than full value.My House is Worth Less Than I own on it. What can I [...]
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What everyone seems afraid to ask or….
Posted on December 9, 2011 by Agent In A Kilt in Real estate.What everyone’s afraid to ask….OR….. The “How’s the Market” Blog Another year has passed in the great recession that we all are going through. It has been a tough time financially for many of us. Being a real estate professional, I still get asked how the real estate market is, although admittedly not as often [...]
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Falling Taxes on Real Estate in Southern Oregon
Posted on October 4, 2011 by Agent In A Kilt in General, Real estate.This is a reply or clarification from my standpoint on the article that came out in today’s (Oct 4, 2011) Mail Tribune as the front page story. I generally like to link to stories that I refer to, but the Mail Tribune decided that they are charging people to read the online version of their [...]
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