Tag Archives: buyers and sellers

Good News for Medford Homeowners

Posted on December 15, 2011 by | Comments Off

In The 15 Best Housing Markets For The Next Five Years, published recently by The Business Insider, Medford was named #2 out of fifteen metropolitan areas expected to see significant appreciation in home prices.  Annualized growth from 2011-2016 is projected to be 11.6% based on data provided by Fiserv Case Shiller Indexes.

Market Trends published by Southern Oregon Multiple Listing Service for November show pending sales are up 16.2% compared to a year ago and that the number of available homes per buyer has declined -33.6% in the same time period.

Available inventory is down 23.9%, and when our managing broker asked how many agents in our office were having trouble coming up with properties to show prospective buyers, nearly every hand in the room went up.  And we have 82 agents!

Certain market segments may well be at the bottom, and we are seeing prices stabilize.  So if you, or anyone you know, have been thinking about buying or selling a home, now is the time.  Call me today and let’s get started.  Well-priced homes are selling quickly.  Combine low inventory with low interest rates (the lowest since mortgage interest rates have been recorded) and you have an ideal time to buy.

Winter is generally a very strong market because buyers who are looking are serious about buying and inventory is lower, so they have fewer homes to choose from.  That’s why now is a fantastic time for both buyers and sellers.  I look forward to hearing from you now.

And I send my wishes for a very Merry Christmas and Happy Holiday season.                                Warm regards,  Judy

Read more: http://www.businessinsider.com/best-real-estate-markets-2016-2011-12?op=1#ixzz1gePG0VEY

Comments Off

Posted in Homeowners, Selling

Tagged , , , , , , , , , , , ,

Stock Market VS Real Estate Market

Posted on August 5, 2011 by | Comments Off

Why is Real Estate a better investment than the stock market? Let me give you Nine Reasons:

  1. You control it – No one in an ivory tower is making the decisions as they do in mutual funds.
  2. Sweat Equity – You can work on your investment to increase its value.
  3. Appreciation – As prices rise (they will again – perhaps soon) you can make money on the total value of your property.
  4. Depreciation – For investment properties, you can shelter income.
  5. Mortgage Pay Down – Every month when you pay the mortgage, your equity increases.
  6. Limited Supply – No one is making more dirt – so land, over time, becomes more valuable.
  7. Rents – Because of the massive slowdown in building, rents will continue to rise.
  8. Low Interest – If you have good credit, you can borrow money inexpensively. Today’s rates are as low as they’ve ever been.
  9. Leverage – You gain returns not just on the cash you’ve invested, but on the total value of your property.

The DOW fell over 500 points yesterday, and deep concerns about a global economic slowdown continue to make investors cautious. Now is an excellent time to look to real estate. Let me tell you why:

  1. The Housing Affordability Index, up 28% over a year ago, is higher than it has been since they started tracking it in 1971.
  2. Medford has been identified as a leader in the coming real estate recovery. Just two weeks ago, we were ranked third in the nation for housing growth and appreciation over the next five years.
  3. Interest rates remain historically low. With good credit, a 30-year fixed is at 4.5% and FHA is at 4.25%. Lower interest rates mean lower monthly payments. With the uncertainty in the stock market, we don’t know how much longer rates will remain this low.
  4. Compared with the same period a year ago, our inventory has declined -28.6%. When supply goes down, prices go up.
  5. The decline in home prices is slowing. The momentum in the market, especially for homes under $250,000 combined with less inventory, means prices may be at the bottom and ready to move upward.
  6. Home prices have fallen 50% in five years and are now far below construction costs. It is an excellent time to buy investment properties.
  7. Appreciation will return to the real estate market, and we are poised to see that happen sooner rather than later.

This real estate market environment For Medford and Jackson County, OR is excellent for both buyers and sellers. Are you thinking about upsizing your home? Are you a first-time homebuyer? Now is the time to act. In the next two weeks, you will cross paths with someone who is thinking about buying or selling. Have them talk to me. My record demonstrates that I help both buyers and sellers achieve their goals in their desired time-frame.
Visit my website, www.JudyMillerRealEstate.com to see all listings for our area, email me at judymiller@johnlscott.com or call me at 541-941-6201. I’m excited to hear from you.

Comments Off

Posted in Buying, Selling

Tagged , , , , , , , , ,