Displaying blog entries 681-690 of 783
The recent media bash for homeownership by Time Magazine was disappointing to read. The housing bubble and crash was not created by "homeownership" it was created by EASY CREDIT and LENDING PRACTICES.
A recent article in the Wall Street Journal by Brent Arends explains why this is the perfect time to purchase a home. Here is a summary:
Great News! All five of the Mt. Hood area real estate sales this past month were non foreclosed properties! Most months about half of the sales were distressed foreclosure sales.
Here are the sales:
Another forest service cabin sold and one Clear Hills Condo unit closing at $190,000.
$309,500 No Misprint!!!! This is really the price!
This immaculate property has everything you might want on acreage! The price has just been dropped to $309,500 because the sellers are ready to move. The home is very well built and shows pride of ownership throughout. A floor to ceiling fireplace in the living room with high vaulted ceilings is a fantastic place to relax.
Spread out on 3.6 acres of land complete with a seasonal creek and pond.
You will enjoy the two shops and tons of storage areas on the property. The views are fantastic and there is lots of sun!!!
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As the media reports on the slowing sales numbers in July many mountain property owners took this as a sign to drop their prices. At least 15% of homes currently for sale in Government Camp, Welches, Brightwood and Rhododendron dropped their prices in the past two weeks. That's around 20 detached homes and lot prices for 5 properties also adjusted.
Perhaps one of these properties were on your list. Here they are:
Ok, I'm not kidding, this is a custom built newer home right on the Sandy River with wonderful finish work, a gorgeous kitchen, granite counter tops, vaulted ceilings, propane fireplace, decking, an over sized garage right on the river with a recent price reduction to $349,000! Take advantage of today's historically low interest rates and get your mountain getaway today.
The recently funded USDA loan program has just been refunded for our area. This includes Welches, Rhododendron, Brightwood and Government Camp. This program is for low income earners and is in very high demand. The loan is 100% financing!
Details may be found here.
If you've kept up with recent reports you will find that the majority of sales for 2010 were pushed up to the first half of the year due to the first time home buyer's credit. Sales plummeted since that time. Buyers who may have bought later in the year pushed their plans forward leaving a 30% drop in sales for Jully.
Brightwood, Rhododendron, Welches and Government Camp saw three closed sales for residential properties for the month of July. Two of these homes were foreclosures. Here are the sales:
The fact is, this is probably the best time in the past 80 years to purchase real estate. Swelling inventories and unbelieveable interest rates have created this opportunity. Not only is a house a home but what about the investment opportunities.
Here is how the housing values compares with the stock market over the past decade.
Mt. Hood real estate sales for June 2010 hit a whopping 15 sales. Here is the most recent chart from NAR-National Association of Realtors showing national sales for the month of June 2010. Is the Mt. Hood area bucking a national trend?
Look at the number of sales in 05 and 06 compared to today's figures. As a general statement, the mountain sales have probably declined in numbers by two thirds at the height of the market in 05-06.
A record number of sales closed in June 2010 in the Mt. Hood area. Most of them went pending in March and April. Seven of the fifteen were bank foreclosures. Nine sales were under $200,000. The good news is that there were two Resort at the Mountain homes which sold. That area has seen some spark recently with a few sales and some new properties coming on the market. Here are the June sales for 2010 in the Mt. Hood area:
Displaying blog entries 681-690 of 783
