Let's Talk Recessions
Monday, August 1, 2022
Add Comment
Real Estate Information
Mt. Hood Real Estate Blog
Liz Warren
Blog
Pages:
Displaying blog entries 291-300 of 1936
Knotty Pine Camp Creek Cabin in Government Camp
Sunday, July 31, 2022
If you're a skier, this is the spot for you! Nestled among the trees in a pristine forest right above Camp Creek is this knotty pine charmer in the Mt. Hood National Forest. It's only about five minutes to the slopes so no more getting up at 5 AM on weekends!
Two lofts above the living room with high vaulted ceilings, wood floors, paned windows and a cozy kitchen and dining room area. Steps to the deck that over looks the creek there's also an old fashioned swing to enjoy. The sellers even have an original Timberline ski chair in the living room.
A small fee and you'll be a part of a plowed road for easy access when the snow gets deep! $374,000
.jpeg)
.jpeg)
Real Estate Fact and Fiction
Friday, July 29, 2022
A Real Estate Professional Helps You Separate Fact from Fiction
If you’re following the news, chances are you’ve seen or heard some headlines about the housing market that don’t give the full picture. The real estate market is shifting, and when that happens, it can be hard to separate fact from fiction. That’s where a trusted real estate professional comes in. They can help debunk the headlines so you can really understand today’s market and what it means for you.
Here are three common housing market myths you might be hearing, along with the expert analysis that provides better context.
Myth 1: Home Prices Are Going To Fall
One piece of fiction many buyers may have seen or heard is that home prices are going to crash. That’s because headlines often use similar, but different, terms to describe what’s happening with prices. A few you might be seeing right now include:
- Appreciation, or an increase in home prices.
- Depreciation, or a decrease in home prices.
- And deceleration, which is an increase in home prices, but at a slower pace.
The fact is, experts aren’t calling for a decrease in prices. Instead, they forecast appreciation will continue, just at a decelerated pace. That means home prices will continue rising and won’t fall. Selma Hepp, Deputy Chief Economist at CoreLogic, explains:
“. . . higher mortgage rates coupled with more inventory will lead to slower home price growth but unlikely declines in home prices.”
Myth 2: The Housing Market Is in a Correction
Another common myth is that the housing market is in a correction. Again, that’s not the case. Here’s why. According to Forbes:
“A correction is a sustained decline in the value of a market index or the price of an individual asset. A correction is generally agreed to be a 10% to 20% drop in value from a recent peak.”
As mentioned above, home prices are still appreciating, and experts project that will continue, just at a slower pace. That means the housing market isn’t in a correction because prices aren’t falling. It’s just moderating compared to the last two years, which were record-breaking in nearly every way.
Myth 3: The Housing Market Is Going To Crash
Some headlines are generating worry that the housing market is a bubble ready to burst. But experts say today is nothing like 2008. One of the reasons why is because lending standards are very different today. Logan Mohtashami, Lead Analyst for HousingWire, explains:
“As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. This typically happens in a recession, however, the notion that credit lending in America will collapse as it did from 2005 to 2008 couldn’t be more incorrect, as we haven’t had a credit boom in the period between 2008-2022.”
During the last housing bubble, it was much easier to get a mortgage than it is today. Since then, lending standards have tightened significantly, and purchasers who acquired a mortgage over the last decade are much more qualified than they were in the years leading up to the crash.
Bottom Line
No matter what you’re hearing about the housing market, let’s connect. That way, you’ll have a knowledgeable authority on your side that knows the ins and outs of the market, including current trends, historical context, and so much more.
Three Reasons To Buy a Home on Mt. Hood in Today’s Shifting Market
Friday, July 29, 2022
![Three Reasons To Buy a Home in Today’s Shifting Market [INFOGRAPHIC] | MyKCM](https://files.mykcm.com/2022/07/28132341/20220729-MEM-1046x1709.png)
Some Highlights
- The housing market is moving away from the frenzy of the past year and it’s opening doors for you if you’re thinking about buying a home.
- Housing inventory is increasing, which means more options for your search. Plus, the intensity of bidding wars may ease as buyer demand moderates, leading to fewer homes selling above asking price.
- If you’re ready to buy a home, now may be the moment you’ve been waiting for. Let’s connect to start the homebuying process today.
Inventory Increases on Mt. Hood
Wednesday, July 27, 2022
Want To Buy a Home On Mt. Hood? Now May Be the Time.
There are more homes for sale today than at any time last year. So, if you tried to buy a home last year and were outbid or out priced, now may be your opportunity. The number of homes for sale in the U.S. has been growing over the past four months as rising mortgage rates help slow the frenzy the housing market saw during the pandemic.
Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains why the shifting market creates a window of opportunity for you:
“This is an opportunity for people with a secure job to jump into the market, when other people are a little hesitant because of a possible recession. . . They’ll have fewer buyers to compete with.”
Two Reasons There Are More Homes for Sale
The first reason the market is seeing more homes available for sale is the number of sales happening each month has decreased. This slowdown has been caused by rising mortgage rates and rising home prices, leading many to postpone or put off buying. The graph below uses data from realtor.com to show how active real estate listings have risen over the past four months as a result.
Mt. Hood has 36 active listings from Government Camp to Brightwood. This is the most we've seen in a very long time!
The second reason the market is seeing more homes available for sale is because the number of people selling their homes is also rising. The graph below outlines new monthly listings coming onto the market compared to last year. As the graph shows, for the past three months, more people have put their homes on the market than the previous year.
Bottom Line
The number of homes for sale across the country is growing, and that means more options for those thinking about buying a home. This is the opportunity many have been waiting for who were outbid or out priced last year.
Still Creek Waterfront Lodge
Saturday, July 23, 2022
Step back in time to your private, secluded waterfront cabin called Still Creek Lodge. Pride of ownership throughout this mountain gem. All knotty pine, vaulted ceilings plus a floor to ceiling stone fireplace. Enjoy the sunniest deck on Still Creek. Spacious kitchen with wood stove. Enjoy the stars at night in your hot tub! $392,500
.jpeg)
.jpeg)
|
|
Great News About Housing Inventory
Saturday, July 23, 2022
![Great News About Housing Inventory [INFOGRAPHIC] | MyKCM](https://files.mykcm.com/2022/07/21111905/20220722-MEM-1046x2035.jpg)
Some Highlights
- Experts say the number of homes for sale is growing this year, and that can have a big impact on your move.
- If you’re planning to buy, additional options in today’s market may be just what you’ve been waiting for. More inventory means added opportunities to find the home of your dreams.
- Let’s connect so you have the latest information on available homes in our area.
Why Growing Home Equity Is Great News if You Plan To Move
Friday, July 8, 2022
![Why Growing Home Equity Is Great News if You Plan To Move [INFOGRAPHIC] | MyKCM](https://files.mykcm.com/2022/07/07152642/20220708-MEM-1046x1851.png)
Some Highlights
- According to the latest data from CoreLogic, the average homeowner gained $64,000 in home equity over the past 12 months.
- That much equity can be a game-changer when you move. When you sell, it could be some (if not all) of what you need for a down payment on your next home.
- To find out how much equity you have in your home and how you can use it, let’s connect today.
Pages:
Displaying blog entries 291-300 of 1936
Syndication
Categories
- Government Camp Real Estate (737)
- Mt Hood Inspiration-Morning Coffee (256)
- Mt. Hood 1031 Tax Exchanges (69)
- Mt. Hood Economic Conditions (809)
- Mt. Hood Local Events (365)
- Mt. Hood Mortgage and Financing Information (394)
- Mt. Hood National Forest Cabins (495)
- Mt. Hood New Properties on Market (309)
- Mt. Hood Sales Information (353)
