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’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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This has really been another mild Summer in the Rogue Valley. For an area that has normally seen a handful of 100+ degree days by now, they are nowhere to be seen. This is good news to many who do not like that hot weather…plus good news to keep the forest fires down, and the [...]
No Comments. Continue Reading...This last week there was an interesting article in the Medford Mail Tribune about a Jacksonville man who won a court case on his foreclosure proceeding, and also a weekend article in the Oregonian about Foreclosure filings in Oregon being up 236% Together they make an interesting article, but I wished that it was a more NY [...]
No Comments. Continue Reading...Pending sales are up nationally as the rebound from the “end of the tax credit” has worked its way through. I listen to a podcast from NPR called Planet Money. They do a great job of making the financial news that we all keep hearing about, whether from the government, banks, or Wall Street, etc…make [...]
No Comments. Continue Reading...My last newsletter asked the question of what effect did the home buyer government stimulus money have? My answer was I thought that the short term impact was huge. But I was really curious about what the long term impact was going to be. And I concluded last time we’re really just in a wait [...]
No Comments. Continue Reading...I guess it takes something as horrific as this to get me to start writing again. Aryan Nation Wants To Locate Headquarters in John Day, Oregon First, I would like to commend Gene Officer, the Realtor quoted in the story, for his comments. I would also like to commend all other Realtors in the area [...]
No Comments. Continue Reading...I’ve been looking at the added sales volume we have had in the Rogue Valley lately, and hearing stories (and experiencing) multiple offer situations. It has been feeling like a seller’s market in many ways. However, it all seems to be in the lower price range. So I just ran a few numbers. For the [...]
No Comments. Continue Reading...With every set of statisics I run or receive there is always good news….and there is always some bad news. That is the nature of real estate. What is good for sellers, is not necessarily good for buyers…and vice versa. That being said…it appears that we are approaching a point in the market where the [...]
No Comments. Continue Reading...In the last 3 months in Jackson County 384 total sold residential properties 125 sold REO properties 35 sold Short Sale properties Median price of REO/short sale properties is 20% lower than non-duress properties Total 42% of the sold market is REO/Short sale In the last 3 months in Ashland 39 total sold residential properties 4 sold [...]
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