The sun was out. There was glare in your eyes. Disorientation ensued. Pigs flew. There is an ice dam on the river Styx. There were locusts. I know I enjoyed our nice sunny weather that we had in some of January here in Salem. I’m thinking that some home buyers got out of their…
> You asked. We gave you what you wanted, but the power of the dark side was just too great for the wanna be Darth-Vader-Home-Seller. It isn’t a big secret that real estate agents have really low entry standards into a profession that helps people spend hundreds of thousands of dollars on a purchase. I…
I know bad title but I got a little distracted there for a couple of days and slacked off on my market reports. I’ll get all the cities done by the end of the month for those of you waiting for the smaller metro areas right now. Onward to Aumsville. Aumsville hadn’t been as hard…
The Stayton market has done some great stabilizing this year, but that has more to do with people pulling their homes off the market and just not selling rather than anything else. I fully expected home prices to drop a solid 10% from 2009 as the market fundamentals were all indicating strong downward pressure on…
“My eyes…aaggh, my eyes,” shrieked the woman. “Mommy, what is that? Will I melt?” whimpered the small child as she clung to her mother’s leg. “Something weird is happening…this isn’t supposed to happen…not now.” Off the dark, wet pavement the sheen bounced everywhere creating retinal mayhem for the residents of the mid-valley city. Totally unprepared,…
During the boom the new construction out in Dallas was happening at a rapid rate. With flat cheap land, which is much easier to build on than our south Salem hills, building boomed out here. You know the end of this story. Dallas has had one of the most dramatic price drops of the metro…
I have to say I’m surprised. BUT I’ll take that! Last year I predicted a 10% drop in home prices in Silverton Oregon as the supply and demand was so disconnected I really felt the downward pressure would be too great. Silverton real estate has some good news in that regard. The average home price…
The talk around the real estate water cooler is pretty basic…”so what year are you at?” Some cities are at 2001-2002 pricing, thankfully Keizer Oregon is not. Real estate in Keizer took a header off the diving board in 2009 landing in a nice belly flop in 2010. The chart is pretty clear that the…
Foreclosures going up. Foreclosures going down. What to believe? My advice? Don’t read the national media stuff regarding foreclosures. What matters is what is happening here locally in Salem Oregon. So, what’s happening? Salem Oregon Foreclosures In 2010, the amount of notice of defaults filed with the county clerk’s office dropped by 8.7% over 2009. …
So close… You all will cut me some slack, won’t you? Home prices in Salem Oregon In January 2009, I posted my predictions for real estate in Salem in 2010. My guess? Home prices would drop 5% in 2010. The reality? The average home price dropped 6.6% and the median shifted downward 6.1%. Pffft. I’m…