This is a series of blog posts about real estate in Salem Oregon written by Melina Tomson of Tomson Burnham, a small boutique real estate brokerage in Salem Oregon. The blog has articles about local real estate market conditions from Salem, Keizer, Independence, Monmouth, Dallas, Stayton, Aumsville and Silverton.
The blog covers topics from market conditions to happenings inside the real estate industry that might impact consumers to new technologies that are housing-related. Community information for home buyers looking to relocate to Salem is also housed in our blog as we discuss our local favorites.
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…
So the essay contest for the home in Yachats, OR was too much for you? You didn’t want to Win this home because you had to write a 250 word essay? Have no fear…there is now a home that you can win here in Salem, OR that just requires you to complete a sentence. Yep…just…
In July of this year, the CCB started to require that builders offer a one year warranty on all new construction homes. The details of the policy change are available at the CCB website. There are still several options for new construction homes for buyers in the Salem area. Just know that now you should…
I was recently reading a good post by Kris Berg. Kris has been a real estate agent for a long time with Prudential in California. She and her husband recently left to start their own brokerage. Large real estate brokerages are powerhouses in the market, including here in Salem Oregon. As training grounds for new…
My local MLS has lost 8% of it’s membership since the start of the year, and I would expect that number to continue to decline over the next year. Foreclosures…short sales…buy and bail…DAP’s gone…pick something and it is making being a real estate agent harder these days. I am having a good year this year,…
With the financial markets still under stress, two major forces in the world of real estate announced layoffs. Redfin, a Seattle based real estate company, is cutting 20% of its work force, and Zillow announced today that they were cutting 25% of its workforce. Just yesterday, I had looked to see how our local brokerages…