If you need assistance, please call 971-208-5093

The McLeod Group Network - KW Capital City Blog

Friday, May 04, 2018   /   by Amy McLeod

Exploring Salem Oregon: Cinco de Mayo at Eola Hills

May 5 - 10:00 AM to 5:00 PM
Cinco de Mayo is back and we are ready to celebrate at Eola Hills!  Join us for street tacos, a photo booth, and more festivities!
Eola Hills Wine Cellars
501 OR-99W
Monmouth, OR 97361
503-623-2405
Directions
Event Website
Courtesy of Amy McLeod, The McLeod Group Network

Photo Credit: travelsalem.com

Read More


  amy mcleod, mcleod group network, exploring salem oregon, holiday fun, festivals, cinco de mayo at eola hills, eola hills wine cellars

Thursday, May 03, 2018   /   by Amy McLeod

4 Reasons Why Today’s Housing Market is NOT 2006 All Over Again

With home prices rising again this year, some are concerned that we may be repeating the 2006 housing bubble that caused families so much pain when it collapsed. Today’s market is quite different than the bubble market of twelve years ago. There are four key metrics that explain why:
1.    Home Prices
2.    Mortgage Standards
3.    Mortgage Debt
4.    Housing Affordability
1. HOME PRICES
There is no doubt that home prices have reached 2006 levels in many markets across the country. However, after more than a decade, home prices should be much higher based on inflation alone.
Frank Nothaft is the Chief Economist for CoreLogic (which compiles some of the best data on past, current, and future home prices). Nothaft recently explained:
“Even though CoreLogic’s national home price index got to the same level it was at the prior peak in April of 2006, once you account for inflation over the ensu ...

Read More


  amy mcleod, mcleod group network, homebuyers, homeowners, home sellers, home values, home prices, housing market updates, home affordability

Friday, April 27, 2018   /   by Amy McLeod

Exploring Salem Oregon: 31st Oregon Ag Fest

Saturday, April 28, 2018 - 8:30 AM to 5:00 PM
Sunday, April 29, 2018 - 10:00 AM to 5:00 PM
Family-fun event that helps people understand where their food and fiber comes from. Watch chicks hatch, dig for potatoes, ride ponies and more!
Oregon State Fairgrounds 
2330 17th St. NE 
Salem, OR 97301

503-508-2868

www.oragfest.com
Courtesy of Amy McLeod, The McLeod Group Network

Photo Credit: travelsalem.com?

Read More


  amy mcleod, mcleod group network, exploring salem oregon, festivals, 31st oregon ag fest, oregon state fairgrounds

Thursday, April 26, 2018   /   by Amy McLeod

“Short of a war or stock market crash…”

This month, Arch Mortgage Insurance released their spring Housing and Mortgage Market Review. The report explained that an increase in mortgage rates and/or home prices would impact monthly payments this way:
·         A 5% increase in home prices increases payments by roughly 5%
·         A 1% rise in interest rates increases payments by roughly 13% or 14%
That begs the question…
What if both rates and prices increase as predicted?
The report revealed:
“If interest rates and home prices rise by year-end in the ballpark of what most analysts are forecasting, monthly mortgage payments on a new home purchase could increase another 10–15%. That would make 2018 one of the worst full-year deteriorations in affordability for the past 25 years.”
The percent increase in mortgage payments would negatively impact affordability. But, how wou ...

Read More


  amy mcleod, mcleod group network, homebuyers, buying a house, first time home buyers, home values, home prices, housing market updates, down payment, mortgage interest rates, mortgages

Wednesday, April 18, 2018   /   by Amy McLeod

6 Downsizing Mistakes Even Smart People Make

This past year, my mother downsized from our six-bedroom family home into a two-bedroom condo in a senior development. Although she was nervous to cast aside her old life, now that the deed is done, she feels elated and free—and wishes she'd done it years earlier.
Now, my mom no longer worries about keeping her lawn mowed and driveway clear of snow, because maintenance staff does it for her. Rather than rattling around a huge house that took hours to clean, she has a manageable space she can easily tidy up herself. And, not incidentally, she has more money for whatever comes down the road.
Nonetheless, downsizing can still fill people with dread; experts say this is largely because they've heard horror stories from people who went about it all wrong. Here are the top six mistakes people make when downsizing, plus some ways to make the process easier and less intimidating.
1. Waiting too long ...

Read More


  amy mcleod, mcleod group network, homebuyers, homeowners, buying a house, downsizing, moving to a smaller house

The McLeod Group Network - KW Capital City
Amy McLeod
1900 Hines St SE, Suite 220
Salem, OR 97302
971-208-5093
Lighthouse Home Loans.png

Lighthouse Mortgage
Phil Gerstner
110 Wallace Rd. NW
Salem, OR 97304
503-871-4968
NMLS# 291931

Homeside Logo.jpg

Traci Benjamin
Homeside Mortgage
Sales Manager, AVP
tbenjamin@gohomeside.com
NMLS 11736
Direct: 503-843-8072
Cell: 503-932-5511

image001 (2).png

Aaron Memmott
Finance of America
Mortgage Advisor
amemmott@financeofamerica.com
NMLS# 1048117
Direct: (503) 718-9876
Cell: (503) 551-1115
Fax: (855) 639-2956

Caliber Home Loans logo.jpg

Elizabeth Smith
Caliber Home Loans
elizabeth.smith@caliberhomeloans.com
NMLS# 228191
Cell: 503-910-0415
eFAX: 844-538-4687

© 2019 Willamette Valley Multiple Listing Service. All rights reserved. The data relating to real estate for sale comes in part from the Willamette Valley Multiple Listing Service. Information contained on this site is deemed reliable but not guaranteed.