The Salem market made a swift turnaround, like many areas of the country. In May, it was the best home sales (for single family homes) for three years and it was only eclipsed by the year that there was the tax credit deadline for June. Spurred by low interest rates, a housing price bottom, [...]
Phew. Agents have been sweating the market filled with insane underwriters, oversupply, and distressed homeowners. It hasn’t been easy for anyone. The good news is that 2012 was better. Not great mind you, as the economy is still struggling, but real estate agents working the Salem area finally took a collective breath and said “about [...]
It’s that time of year. Mid-January gives agents a chance to get all of their sold data into our local MLS so we can run some data and see where the year ended. The 4th quarter in real estate in most of the Salem metro cities was brisk, well in comparison to recent years anyway. [...]
Well May has ended, yes I know I’m slow getting this data out, and it is time to look at the local market for Salem. If you talk to most agents you will hear that the market has improved this year. It’s partially true as home sales have gone up this year. Home prices are [...]
The first quarter came to an end a couple of weeks ago which means we have a bit more data to work with regarding home sales. I know some of you are armed with tax return checks and wondering if it might be time to dive into the real estate market. So here’s my opinion… [...]
Home prices have continued to decline in Keizer, just like Salem. The question is whether or not I was accurate in my predictions from last year. I have an ego to maintain, you know. Last year I predicted a 5% decline in home prices and a flat line in home sales. So how did I [...]
Last year my crystal ball was off by 1.6%. You’ll recall, I failed to eat my Wheaties and ended up erring on how much the market was going to correct for 2010. For 2011, I guessed 5-7% with a possible 10% correction at most. Well, Salem Oregon maxed out in 2011. The average home [...]
August saw a bit of a jump up in home prices from last August. I certainly wouldn’t say that home prices are appreciating in Keizer but last year was the end of the tax credit and July and August were dismal months in real estate. Home prices really couldn’t get worse than after the tax [...]
The average and median home prices have been hovering in the $150,000-$160,000 range for most of this year and August was no exception. With sales of more expensive homes incredibly lackluster with no change in the foreseeable future, this is going to be where home prices will continue to stay. The nice thing about August [...]
Last year, at the end of June 30, the tax credit ended. July was the first independent month that the real estate world had last year and the statistics were dismal. It isn’t suprising, then, that we sold more homes this July that last July. It was kind of hard not to. That said, it [...]
