I hope you all had a wonderful Thanksgiving holiday. I had a little break from blogging as I am working on a new blogging platform. I will be converting over to WordPress here soon, but your feed should still work just fine. If for some reason it doesn’t work, just click on www.SalemOregonRealEstateHomes.com and get…
Okay…what the heck is going on here in Oregon? I think we have a little sugar high going on or something. We currently have our Salem folks trying to “sell” their home via one line entry contest…we had the folks in Yachats have you try and win their home…and now… another contest. This one is…
Obviously I am a real estate agent so what happens in the real estate market is important to me. I don’t like making long term predictions about our market since, well…lots of things can happen between now and then. The Boston Herald reported the results of a survey conducted by Campbell Communications indicating that 52%…
As I clicked on eBay this morning to check and see some items I was watching, I got the ad for a 10% coupon. 10% off if I purchase via paypal. Integrated into everything I looked at was the little bar showing the 10% off price to entice me to enter the bid. Later this…
I was recently talking with someone about the real estate market. She was telling me that she is chronically hearing from agents about how little business they are doing. As the discussion progressed about how there were too many agents for too little business. She asked me, what I thought. How many transactions should an…
Home owners underwater? I’m not talking about people that have pools in their backyards either… Home owners in trouble is not a big secret, unless you live in the bat cave. Foreclosures, short sales, buy and bail are all consequences of home owners being underwater. CNNMoney.com had an interesting article a couple of weeks ago…
As I generate market data to see what is happening here in my local market, it is easy to get off task. Focus on what is difficult in the world of real estate, and not what is better. NAR came out with an interactive market research tool. Now, the data currently on it is for…
When real estate started booming people looking for easy money flocked to real estate in droves. With the lure of easy sales on both sides, it was a gold mine for that part time job. I have written several times that I think we need to thin the ranks of real estate agents. Not because…
Knowing how much inventory is on the market is an important statistic to know when considering the price of your home. These figures are for residential home sales. The absorption rate is how fast homes are selling on a monthly basis. Inventory is how long it would take homes to sell at that rate assuming…
I’m a little too addicted to coffee so I’m switching over to tea. You can still drink coffee if you want. I just need to cut back a little. The 90 day trend: Average sold price: $217,442 Average original list price: $223,033 % of listing price to sale price: 97.4% % of listings to expire/terminate:…