Wednesday, November 15, 2017 / by Amy McLeod
Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters.
This has caused some purchasers to lament the fact that they may no longer be able to get a rate below 3.5%. However, we must realize that current rates are still at historic lows.
Here is a chart showing the average mortgage interest rate over the last several decades:
Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.
Contact The McLeod Group ...
Tuesday, November 14, 2017 / by Amy McLeod
Every year at this time, many homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes on the market decide to take them off until after the holidays.
Here are seven great reasons not to wait:
Relocation buyers are out there. Many companies are still hiring throughout the holidays and need their employees in their new positions as soon as possible.
Purchasers who are looking for homes during the holidays are serious buyers and are ready to buy now.
You can restrict the showings on your home to the times you want it shown. You will remain in control.
Homes show better when decorated for the holidays.
There is less competition for you as a seller right now. Let’s take a look at listing inventory as compared to the same time last year:
The desire to own a home doesn’t stop when the holidays come. Buyers who were unable to find their dream home ...
Friday, November 10, 2017 / by Amy McLeod
"To us in America, the reflections of Armistice Day will be filled with solemn pride in the heroism of those who died in the country’s service and with gratitude for the victory, both because of the thing from which it has freed us and because of the opportunity it has given America to show her sympathy with peace and justice in the councils of the nations…"--President Woodrow Wilson
So began President Wilson in November 1919, when he dedicated Armistice Day, November 11, to the cause of world peace and to honor the sacrifice of the US military after World War I. Nineteen years later, a legal holiday was officially signed into being, and in 1954, the name was changed from Armistice Day to Veterans Day to honor all veterans. Veterans Day differs from Memorial Day in that it celebrates living and dead US Veterans, and pays tribute to their sacrifices for the freedoms in this country.
Ceremonies, parades, and special events dedicated to honoring our veterans hap ...
Friday, November 10, 2017 / by Amy McLeod
Friday, November 10 & Saturday, November 11 - 9:00 am to 3:00 pm
Annual holiday gift sale. Shop for the perfect gift within the gorgeous Queen Anne Victorian-style home of Deepwood. Our select vendors offer a variety of holiday options; chocolates, teas, holiday decorations, jewelry and more. Free admission.
Deepwood Museum & Gardens
1116 Mission St. SE
Salem, OR 97302
Event Facebook Page
Courtesy of Amy McLeod, The McLeod Group Network
Thursday, November 9, 2017 / by Amy McLeod
With residential home prices continuing to appreciate at levels above historic norms, some are questioning if we are heading toward another housing bubble (and subsequent burst) like the one we experienced in 2006-2008.
Recently, five housing experts weighed in on the question.
Rick Sharga, Executive VP at Ten-X:
“We’re definitely not in a bubble.”
“We have a handful of markets that are frothy and probably have hit an affordability wall of sorts but…while prices nominally have surpassed the 2006 peak, we’re not talking about 2006 dollars.”
Christopher Thornberg, Partner at Beacon Economics:
“There is no direct or indirect sign of any kind of bubble.”
“Steady as she goes. Prices continue to rise. Sales roughly flat.…Overall this market is in an almost boring place.”
Bill McBride, Calculated Risk:
“I wouldn't call ...