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Where Are the Home Prices Heading in the Next 5 Years?

by Mary Gilbert

Where Are the Home Prices Heading in the Next 5 Years? | Keeping Current Matters

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results of their latest survey:

Home values will appreciate by 4.4% over the course of 2017, 3.4% in 2018, 2.8% in 2019, 2.7% in 2020, and 2.8% in 2021. That means the average annual appreciation will be 3.22% over the next 5 years.

Where Are the Home Prices Heading in the Next 5 Years? | Keeping Current Matters

The prediction for cumulative appreciation fell from 21.4% to 17.3% by 2021. The experts making up the most bearish quartile of the survey are projecting a cumulative appreciation of 6.3%.

Where Are the Home Prices Heading in the Next 5 Years? | Keeping Current Matters

Bottom Line

Individual opinions make headlines. We believe this survey is a fairer depiction of future values.

 

Mary Gilbert, Licensed Realtor in Oregon has distinguished herself as a leader in the Roseburg OR real estate market. Mary assists buyers looking for Roseburg OR real estate for sale and aggressively markets Roseburg OR homes for sale. Give her a call today, 541-371-5500, and discover the difference she can make during your family's move.

Khayam & Mchumba's 5th Birthday Extravaganza! 

When: Saturday, February 25, 2017 - 1:00 pm to 3:00 pm

Where: Wildlife Safari Winston - 1790 Safari Rd, Winston, OR 97496

MAP

Fun for all ages | Just $5! | CUPCAKES included! 

Take a journey to the home of the cheetah as you embark on a safari vehicle to the carnivore drive through! Join Khayam and Mchumba as they tear into their own birthday treats and gifts while you enjoy your own cupcakes! Learn about these cheetah siblings and their important work as ambassadors while you help celebrate 5 years of incredible cheetah conservation! Don't miss your chance to wish this dynamic duo a happy birthday! 

Event Website

 

Courtesy of Mary Gilbert, Roseburg Properties Group

Are You 1 of the 59 Million Planning to Buy This Year?

by Mary Gilbert

Are You 1 of the 59 Million Planning to Buy This Year? | Keeping Current Matters

According to a survey conducted by Bankrate.com, one in four Americans are considering buying a home this year. If this statistic proves to be true, that means that 59 million people will be looking to enter the housing market in 2017.

The survey also revealed 3 key takeaways:

  1. Those most likely to buy are ‘Older Millennials’ (ages 27-36) or ‘Generation X’ (ages 37-52)
  2. Minorities, particularly African-Americans, were twice as likely to respond that they were considering purchasing a home this year than white respondents.
  3. Many potential buyers believe they need to put 20% down and need to have perfect credit to own and are unaware of programs that would allow them to buy now.

Holden Lewis, a mortgage analyst for Bankrate.com, pointed to one big reason why many Americans are starting to consider homeownership:

“Having kids and raising a family is a primary reason why Americans take the leap into homeownership—many consider it a key component of the American dream.”

Bottom Line

If buying a home is a part of your dream for 2017, meet with Roseburg Properties Group for help determining if you are able to. 541.371.5500 or [email protected] 

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US Housing Market Is Moving into ‘Buy Territory’!

by Mary Gilbert

US Housing Market Is Moving into 'Buy Territory'! | Keeping Current Matters

According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment.

The BH&J Index is a quarterly report that attempts to answer the question:

In today’s housing market, is it better to rent or buy a home?

The index examines the entire US housing market and then isolates 23 major cities for comparison. The researchers “measure the relationship between purchasing property and building wealth through a buildup in equity versus renting a comparable property and investing in a portfolio of stocks and bonds.” 

While most of the metropolitan markets examined moved further into buy territory (16 of the 23), markets like Dallas, Denver, and Houston are currently deep into rent territory. In these three markets, it is estimated that renting will top homeownership 7 out of 10 times.

Due to a lack of inventory, the home prices in the Dallas, Denver, and Houston areas have increased by 11.6%8.3%, and 6.6% respectively. Home prices in these areas will begin to return to more normal levels once residents realize that renting is not the best option, therefore bringing home affordability back as well.

Bottom Line

The majority of the country is strongly in buy territory. Buying a home makes sense socially and financially, as rents are predicted to increase substantially in the next year. Protect yourself from rising rents by locking in your housing cost with a mortgage payment now. Contact Roseburg Properties Group for all your home buying needs! 541.371.5500 or [email protected] 

 

Roseburg OR Real Estate For Sale
12844 North Myrtle Road, Myrtle Creek, OR  97457

Looking for that one of a kind property to build your dream home? Here it is! Located approximately 12 miles out on North Myrtle, this 17.33 acre parcel is developed and is a ready to build home site with gated entry. Existing underground power on site! Dreaming of life outside of the city surrounded by complete privacy? Make an appointment today and start living out your dreams in Myrtle Creek OR!

Mary Gilbert, Licensed Realtor in Oregon has distinguished herself as a leader in the Roseburg OR real estate market. Mary assists buyers looking for Roseburg OR real estate for sale and aggressively markets Roseburg OR homes for sale. 

Mary, Licensed Realtor in Oregon brings with her a keen eye for the details of buying or selling a Roseburg OR home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Mary Gilbert of Keller Williams Realty Eugene Springfield will help make the most of your Roseburg OR real estate experience. Give her a call today, 541-371-5500, and discover the difference she can make during your family's move.

Exploring Roseburg Oregon: Sportsmens & Outdoor Recreation Show

by Mary Gilbert


February 17, 2017 - 12:00 to 9:00 pm
February 18, 2017 - 10:00 am to 8:00 pm
February 19, 2017 - 10:00 am to 5:00 pm

Activities from hunting, fishing, camping, and boating will be represented along with a giant fish tank, raptor show, fly-fishing pool and for kids of all ages a live trout pond. Fly on the super zip-line or try your accuracy on the archery range or shooting gallery.

Show happens February 17-19 at the Douglas County Fairgrounds on Friday 12-9pm, Saturday 10am-8pm and Sunday 10am-5pm

For more event information call (541) 440-4396

Event Website

Venue: Douglas County Fairgrounds
2110 Frear Street
Roseburg, OR United States + Google Map

 
Venue Website
 
Courtesy of Mary Gilbert, Roseburg Properties Group

Roseburg OR Real Estate For Sale
1022 SE Oak Avenue, Roseburg, OR  97470


The Professional Center building located on a busy corner in Downtown Roseburg is available! Just a few blocks to the court house, restaurants, and downtown merchants. Street frontage spaces ideal for restaurant or retail. 2nd and 3rd floors can accommodate professional office space to professional services or loft style housing. Photos are from when building was occupied. Diamond in the rough!

Mary Gilbert, Licensed Realtor in Oregon has distinguished herself as a leader in the Roseburg OR real estate market. Mary assists buyers looking for Roseburg OR real estate for sale and aggressively markets Roseburg OR homes for sale. 

Mary, Licensed Realtor in Oregon brings with her a keen eye for the details of buying or selling a Roseburg OR home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Mary Gilbert of Keller Williams Realty Eugene Springfield will help make the most of your Roseburg OR real estate experience. Give her a call today, 541-371-5500, and discover the difference she can make during your family's move.

First Comes Love… Then Comes Mortgage?

by Mary Gilbert

First Comes Love… Then Comes Mortgage? | Keeping Current Matters

According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2016 at 58% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable.

But, many couples are also deciding to buy a home before spending what would be a down payment on a wedding, as unmarried couples made up 14% of all first-time buyers last year.

If you’re single, don’t fret! Single women made up 18% of first-time buyers in 2016, while single men accounted for 8% of buyers. One recent article pointed to a sense of responsibility and commitment that drives many single women to want to own their home, rather than rent.

Here is the breakdown of all first-time homebuyers in 2016 by percentage of all buyers, income, and age:

First Comes Love… Then Comes Mortgage? | Keeping Current Matters

Bottom Line

You may not be that much different than those who have already purchased their first homes. Visit Roseburg Properties for help determining if your dream home is already within your grasp. 541.371.5500 or [email protected] 

 

Happy Valentine's Day!

by Mary Gilbert

Just hearing or seeing the date, February 14th, conjures images of hearts and flowers in our minds. Valentine’s Day.  A “holiday” named for St. Valentine.  A day set aside each year to celebrate love.  But how did Valentine’s Day begin?  And who is St. Valentine?

Have you ever wondered how Valentine’s Day got its name?  While it is believed that the name came from a saint, the origins of how it became attached to a day to celebrate love are a bit of a mystery. One legend claims that Valentine was a priest who served during the third century in Rome.  When the Emperor during that time decided that single men made superior soldiers than those with wives and children, he outlawed marriage for young men.  Valentine felt this was unjust, so he defied the Emperor and continued to secretly perform marriages for young lovers.  Another story contends that Valentine may have sent the first “valentine” letter while imprisoned in a Roman prison.  He allegedly fell in love with a young girl, possibly the jailer’s daughter, who visited him during his confinement.  It is said that he wrote her a letter signed “From your Valentine”, an expression that is still used today.  While we may never know the true story about St. Valentine, the common theme throughout these stories is that he was sympathetic, heroic, and most significant…a romantic figure.

The origins of Valentine’s Day began with a pagan festival during the month of February. By the end of the 5th century, February 14th was declared Valentine’s Day by Pope Gelasius. It wasn’t until much later that the day became associated with love.  During the Middle Ages, it was commonly believed in England and France that February 14 was the beginning of birds’ mating season, which added to the idea that the date should be celebrated as a day of romance. While Valentine greetings were popular as far back as the Middle Ages, written Valentine’s didn’t begin to appear until after 1400.  The oldest known Valentine known of was a poem written in 1415 by Charles, Duke of Orleans, to his wife while he was imprisoned in the Tower of London.  It is also believed that King Henry V hired a writer to compose a Valentine note to a woman he admired.

It is believed that people began exchanging hand-made Valentine’s in America in the early 1700s.  By 1840, a woman named Esther Howland was selling the first mass- produced Valentines in America. Known as “the Mother of the Valentine”, she created elaborate cards using real lace, ribbons and colorful paper. Today, according to the Greeting Card Association, and estimated 1 billion Valentine’s Day cards are sent each year, making it the second largest card sending holiday behind Christmas.

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Listing in the Winter Attracts More Serious Buyers

by Mary Gilbert

Listing in the Winter Attracts More Serious Buyers | Keeping Current Matters

A recent study of more than 7 million home sales over the past four years revealed that the season in which a home is listed may be able to shed some light on the likelihood that the home will sell for more than asking price, as well as how quickly the sale will close.

It’s no surprise that listing a home for sale during the spring saw the largest return, as the spring is traditionally the busiest season for real estate. What is surprising, though, is that listing during the winter came in second!

“Among spring listings, 18.7 percent of homes fetched above asking, with winter listings not far behind at 17.5 percent. While 48.0 percent of homes listed in spring sold within 30 days, 46.2 percent of homes in winter did the same.”

The study goes on to say that:

“Buyers [in the winter] often need to move, so they’re much less likely to make a lowball offer and they’ll often want to close quickly — two things that can make the sale much smoother.” 

Bottom Line

If you are debating listing your home for sale in 2017, keep in mind that the spring is when most other homeowners will decide to list their homes as well. Listing your home this winter will ensure that you have the best exposure to the serious buyers who are out looking now! Contact Roseburg Properties Group to find out how much your home is worth!  541.371.5500 or [email protected] 

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Displaying blog entries 1-10 of 18

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Contact Information

Photo of Mary Gilbert Real Estate
Mary Gilbert
Keller Williams Realty Umpqua Valley
2365 NW Kline Street, Suite 201
Roseburg OR 97471
541-371-5500
Fax: 541-371-5501

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