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Inventory Increases on Mt. Hood

Wednesday, July 27, 2022
by Liz Warren

Want To Buy a Home On Mt. Hood? Now May Be the Time.

Want To Buy a Home? Now May Be the Time. | MyKCM
 

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!

Want To Buy a Home? Now May Be the Time. | MyKCM

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.

Want To Buy a Home? Now May Be the Time. | MyKCM

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.

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Still Creek Waterfront Lodge

Saturday, July 23, 2022
by Liz Warren

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

Still Creek Cabin in the Mt. Hood National Forest

Knotty Pine Interior at this Still Creek Cabin

Hot Tub on Still Creek​

 

 

 

 

 

 

 

 

 

 

 

 

 
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Great News About Housing Inventory

Saturday, July 23, 2022
by Liz Warren

 

Great News About Housing Inventory [INFOGRAPHIC] | MyKCM
 

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.
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Why Growing Home Equity Is Great News if You Plan To Move

Friday, July 8, 2022
by Liz Warren

 

Why Growing Home Equity Is Great News if You Plan To Move [INFOGRAPHIC] | MyKCM
 

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.
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Pre Approval Letter Needed to Make Your offer

Thursday, July 7, 2022
by Liz Warren

         

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Housing Market and an Economic Slowdown

Thursday, July 7, 2022
by Liz Warren

What Does an Economic Slowdown Mean for the Housing Market?

What Does an Economic Slowdown Mean for the Housing Market? | MyKCM
 

According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And, in order to do so, they’d use their tools and influence to slow down the economy.

All of this brings up many fears and questions around how it might affect our lives, our jobs, and business overall. And one concern many Americans have is: how will this affect the housing market? We know how economic slowdowns have impacted home prices in the past, but how could this next slowdown affect real estate and the cost of financing a home?

According to Mortgage Specialists: 

“Throughout history, during a recessionary period, interest rates go up at the beginning of the recession. But in order to come out of a recession, interest rates are lowered to stimulate the economy moving forward.”

Here’s the data to back that up. If you look back at each recession going all the way to the early 1980s, here’s what happened to mortgage rates during those times (see chart below):

What Does an Economic Slowdown Mean for the Housing Market? | MyKCM

As the chart shows, historically, each time the economy slowed down, mortgage rates decreased. Fortune.com helps explain the trend like this:

“Over the past five recessions, mortgage rates have fallen an average of 1.8 percentage points from the peak seen during the recession to the trough. And in many cases, they continued to fall after the fact as it takes some time to turn things around even when the recession is technically over.”

And while history doesn’t always repeat itself, we can learn from it. While an economic slowdown needs to happen to help taper inflation, it hasn’t always been a bad thing for the housing market. Typically, it has meant that the cost to finance a home has gone down, and that’s a good thing. 

Bottom Line

Concerns of a recession are rising. As the economy slows down, history tells us this would likely mean lower mortgage rates for those looking to refinance or buy a home. While no one knows exactly what the future holds, you can make the right decision for you by working with a trusted real estate professional to get expert advice on what’s happening in the housing market and what that means for your homeownership goals.

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Sandy Mountain Festival Parade

Wednesday, July 6, 2022
by Liz Warren

Sandy Mountain Festival Parade 2022

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Mt. Hood Real Estate Voted Best Investment

Friday, July 1, 2022
by Liz Warren

Real Estate Consistently Voted Best Investment 

Real Estate Consistently Voted Best Investment [INFOGRAPHIC] | MyKCM
 

Some Highlights

  • Based on a recent Gallup poll, real estate has been rated the best long-term investment for nine years in a row.
  • Owning real estate is more than just a place to call home. It’s also an investment in your future. That’s because it’s typically a stable and secure asset that can grow in value over time.
  • If you’re ready to buy a home and invest in your future, let’s connect.
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Steiner Log Home Tour

Friday, July 1, 2022
by Liz Warren

 

Mt. Hood Steiner Cabin Tour Poster 2022

 

Direct from the Mt. Hood Museum Website:

St. John Catholic Church to be Featured on Steiner Cabin Tour This Year

     Something very special awaits Steiner Cabin Tour participants this year. On August 13, 2022, in addition to seeing inside the Welches homes included, participants will also tour through the St. John Catholic Church, built in 1937, by Henry Steiner. This is the first time the Church will be on the tour since recent restoration work has been completed. “We’re very excited to include the Church this year; it is spectacular!”, said Lloyd Musser, Museum Curator.  
     
     Event tickets go on sale July 1, at 8:00 A.M., online at www.mthoodmuseum.org. Tickets are $35 each for museum members and $40 for non-members. The website shopping cart will encourage paying for tickets with a PayPal account, but purchasers may pay with a credit card by following the instructions.
 
     All ticket sales will be final, no refunds will be offered. However, ticket holders may transfer their tickets if they’re unable to attend. Tour guests should bring their printed receipt and claim their eligibility wristband within the first hour of their chosen start time. 
 
     The tour will begin at the Hoodland Senior Center, Mount Hood RV Village, 65000 E. Hwy 26, Welches, approximately 15 miles east of Sandy, OR. A map for the tour route will be provided; participants are expected to follow the route.
 
     A limited number of 300 tickets will be sold for three starting times: 9:00 A.M., 11:00 A.M., and 1:00 P.M. The tour can be finished in 2-3 hours and will conclude at 4:00 P.M. To prevent traffic back-ups and allow for parking on this self-guided, driving tour, 100 tickets will be sold for each time slot.
 
     The cabin owners will graciously share the history and unique features of their treasured Steiner cabin. The tour is like a typical home tour except it features all log cabins hand built in the 1930’s. The usual etiquette rules apply: no pets, no high heels, no strollers in the homes, small children are not recommended, wear booties if requested. 
 
     Proceeds from the event will benefit the Mt. Hood Cultural Center and Museum in Government Camp.
 
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Homeownership the American Dream

Thursday, June 30, 2022
by Liz Warren

           

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Displaying blog entries 241-250 of 1881

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