Some Highlights If you’re thinking that waiting a year or two to purchase a home might mean you’ll save some money, think again. Mortgage interest rates are currently very low, but experts across the board are forecasting increases in both home prices and interest rates. Buying a home now means ... » Learn More about Should I Buy Now or Wait? [INFOGRAPHIC]
Archives for April 2021
At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the ... » Learn More about Is Home Price Appreciation Accelerating Again?
The question many homebuyers are facing this year is, “Why is it so hard to find a house?” We’re in the ultimate sellers’ market, which means real estate is ultra-competitive for buyers right now. The National Association of Realtors (NAR) notes homes are getting an average of 4.8 offers per sale, ... » Learn More about Patience Is the Key to Buying a Home This Year
(Shared by Umatilla County Commission George Murdock.) To: Public Officials From: George Murdock Subject: Weekly Public Officials Update – Providing Information, Advocacy and Commentary Date: April 27, 2021 – Volume 53 Total Cases – ... » Learn More about Umatilla County Public Officials Update April 27, 2021
Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as evidence that the red-hot real estate market may be cooling. However, ... » Learn More about Will the Housing Market Maintain Its Momentum?