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The Top Reason to List Your House For Sale Now!

by Mary Gilbert

The Top Reason to List Your House For Sale Now! | Keeping Current Matters

If you are debating listing your house for sale this year, here is the #1 reason not to wait! 

Buyer Demand Continues to Outpace the Supply of Homes For Sale

The National Association of REALTORS’ (NAR) Chief Economist, Lawrence Yun recently commented on the inventory shortage:

“With demand holding firm and homes selling even faster than a year ago, the notable increase in closings in recent months took a dent out of what was available for sale.

Realtors are acknowledging, with increasing frequency lately, that buyers continue to be frustrated by the tense competition and lack of affordable homes for sale in their market.”

The latest Existing Home Sales Report shows that there is currently a 4.6-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market and 5.8% lower than June 2015.

The chart below details the year-over-year inventory shortages experienced over the last 12 months:

The Top Reason to List Your House For Sale Now! | Keeping Current Matters

Anything less than a six-month supply is considered a “Seller’s Market.”

Bottom Line

Meet with a local real estate professional who can show you the supply conditions in your neighborhood and assist you in gaining access to the buyers who are ready, willing and able to buy now!

 

Brexit 1 Month Later: The Impact on Mortgage Rates

by Mary Gilbert

Brexit 1 Month Later: The Impact on Mortgage Rates | Keeping Current Matters

Just over a month ago, the United Kingdom decided to withdraw from the European Union in a decision commonly known as Brexit. At that time there was a lot of speculation on how that decision would impact the U.S. residential mortgage market. Today, we want to look at the impact of the first 30 days.

Most believed that the Brexit decision would drive mortgage rates down and keep them down for some time. As CoreLogic reported:

 “First-time buyers can count on continued low mortgage rates to help with affordability issues. Similarly, re-setting adjustable rate loans will have less of a rate shock, and in some cases may even go down.”

What has actually happened?

Initially, rates did fall. However, Freddie Mac has reported that rates have stabilized and have actually increased marginally each of the last two weeks. This prompted Freddie Mac Chief Economist Sean Beckett to say:

“Post-Brexit volatility tapered off over the last two weeks, allowing interest rates to bounce back a bit from their near-record 30-year mortgage rate lows.”

And, Capital Economics Property Economist Matthew Pointon believes rates will continue to increase:

“Given we expect Brexit will have a minimal impact on the U.S. economy, we see no reason to change our forecast for mortgage rates to reach 3.85% by the end of this year, and 5.0% by the middle of 2018.”

We will continue to follow the effect of Brexit on the U.S. housing market. But for now, it appears the impact is not as dramatic as some thought it could be.

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Roseburg OR Real Estate For Sale
1545 E Fourth Avenue, Sutherlin, OR  97479

 

 

 

 

 

 

 

 

Crisp and clean, this move in ready new home is waiting for you in Sutherlin OR! The finest in one level living with 3 bedrooms, 2 full baths, soaring high ceilings, gorgeous granite countertops, tile floors, recessed lighting, modern fixtures, neutral colors, laundry room with built ins and an entertainers dream floor plan! Vaulted ceilings and plush carpeting create a relaxing and elegant atmosphere in the great room. Open to the gourmet kitchen, guests can perch at the bar while the chef prepares a meal! Sunny dining area with slider to the patio offers great indoor/outdoor entertaining options. Vaulted ceilings continue into the master suite, plus a walk in closet and soothing bathroom! Two secondary bedrooms are generously sized with abundant closet space and use of a shared hall bathroom. Plenty of space for your tools and toys in the attached 2 car garage with access to the side yard and RV parking. Enjoy grilling and chilling on the private rear patio overlooking the spacious yard where the kids can safely play. Front yard landscaping is included for your convenience. Be the first to live at 1545 E Fourth Ave!

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.

Roseburg OR Real Estate For Sale
855 NE Diamond Lake Blvd, Roseburg, OR 97470


 

 

 

 

 

 

 

C3 Zoning! High profile corner in Roseburg OR with nearly 1 acre to run your own business. Double lot parcel on the corner of Jackson Street and Diamond Lake Blvd offers excellent exposure and frontage. Presently an auto sales and auto repair shop. Business included! Some equipment included. Mostly paved lot. Possible lease with option to purchase. Sales office/lot and auto repair shop parcel must be sold together. Auto repair shop is 2560 sqft. Do not miss this fantastic opportunity!

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.

Roseburg OR Real Estate For Sale
694 Orchard Lane, Roseburg, OR  97471


 

 

 

 

 

 

 

Welcome home to 694 Orchard Lane, a sprawling ranch home that has been tastefully updated! This Melrose gem on 2+ acres offers a flowing floor plan, high ceilings, crown molding, recessed lighting, easy care flooring, four bedrooms and two baths all on one level, plus alluring outdoor space! The gourmet kitchen is the heart of this home and an entertainers delight with stainless steel appliances, full size refrigerator and freezer, two dishwashers, travertine tile counters and tile flooring! The dining room with built in display shelves is perfect for dinner parties and the connecting living room features large windows flooding the room with natural light. Step down to the family room with cozy wood stove creating an atmosphere for relaxing. Work from home will be a breeze in this office, or use as a den or playroom. Master suites do not get much better than this! Highlighted with vaulted ceilings, plush carpeting, double walk in closets, Jacuzzi tub, walk in shower and dual vanity. Three secondary bedrooms and a full bathroom provide room to grow and privacy for all. A huge laundry room with built ins and sink is sure to help keep you organized. Expansive decking and patios offer the finest in outdoor enjoyment with mature landscaping, garden space and lots of room to roam. Plenty of room to store all your tools and toys in the 3 car garage. Pack your bags and come on over, we are sure you will want to stay!

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.

Baby Boomers Are On the Move

by Mary Gilbert

Baby Boomers Are On the Move | Keeping Current Matters

According to a Merrill Lynch study“an estimated 4.2 million retirees moved into a new home last year alone.” Two-thirds of retirees say that they are likely to move at least once during retirement.

As one participant in the study stated:

“In retirement, you have the chance to live anywhere you want. Or you can just stay where you are. There hasn’t been another time in life when we’ve had that kind of freedom.”

The top reason to relocate cited was “wanting to be closer to family” at 29%, a close second was “wanting to reduce home expenses” at 26%.

A recent Freddie Mac study found similar results, as “nearly 20 percent of Boomers said they would move closer to their grandchildren/children compared to 13 percent who said they would move to a warmer climate.”

Not Every Baby Boomer Downsizes

There is a common misconception that as retirees find themselves with fewer children at home, they will instantly desire a smaller home to maintain. While that may be the case for half of those surveyed, the study found that three in ten decide to actually upsize to a larger home.

Some choose to buy a home in a desirable destination with extra space for large family vacations, reunions, extended visits, or to allow other family members to move in with them. According to Merrill Lynch:

"Retirees often find their homes become places for family to come together and reconnect, particularly during holidays or summer vacations."

Bottom Line

If your housing needs have changed or are about to change, meet with a local real estate professional in your area who can help with deciding your next step.

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Roseburg OR Real Estate For Sale
117 Geneva Court, Roseburg, OR  97471

Located on a lovely cul de sac lot in a quiet neighborhood sits this distinctive tandem style home just awaiting your arrival! Sprawling one level home, 117 Geneva Court features 3 bedrooms, 2 full baths, Brazilian cherry hardwood floors, soaring high ceilings, updated central heating/cooling, neutral colors and carpeting, washer/dryer included, plus an attached 2 car garage for all your toys and tools! The sunny kitchen is a delight with a full complement of white appliances, abundant cabinetry, counter space galore, plus an eat in area with sliding door to the patio. Flowing into the living room, vaulted ceilings and plush carpeting create an elegant, comfortable space to entertain guests. Relaxing master suite featuring a walk in closet and private bathroom. Two secondary bedrooms offer room for growing families, plus a shared full bath. Watch the kids safely play and enjoy hosting BBQs in your fenced front and back yard. Make your appointment today to see this move in ready Roseburg OR home!

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.

Roseburg OR Real Estate For Sale
0 Tranquil Lane, Roseburg, OR  97471


 

 

 

 

 

 

 

 

Looking for that one of a kind view property for your custom home? Here it is! Located in the upscale, private neighborhood of Melrose, this 1.11 acre lot is just one of 12 lots with ridge top views over Garden Valley, River Forks Park and the confluence of the North and South Umpqua Rivers creating the Main Umpqua River. Enjoy over 100 acres of common ground with 2 large ponds. Underground utilities to the lot! Make an appointment today and start living out your dreams in Roseburg 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.

3 Questions Every Buyer Should Ask Themselves

by Mary Gilbert

3 Questions Every Buyer Should Ask Themselves | Keeping Current Matters

If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market.

Answering the following 3 questions will help you determine if now is actually a good time for you to buy in today’s market.

1. Why am I buying a home in the first place?

This truly is the most important question to answer. Forget the finances for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with money.

For example, a recent survey by Braun showed that over 75% of parents say “their child’s education is an important part of the search for a new home.”

This survey supports a study by the Joint Center for Housing Studies at Harvard University which revealed that the four major reasons why people buy a home have nothing to do with money. They are:

  • A good place to raise children and for them to get a good education
  • A place where you and your family feel safe
  • More space for you and your family
  • Control of that space

What does owning a home mean to you? What non-financial benefits will you and your family gain from owning a home? The answer to that question should be the biggest reason you decide to purchase or not. 

2. Where are home values headed?

According to the latest Home Price Index from CoreLogic, home values are projected to increase by 5.3% over the next 12 months. 

What does that mean to you?

Simply put, if you are planning on buying a home that costs $250,000 today, that same home will cost you an additional $13,250 if you wait till next year. Your down payment will need to be higher as well to account for the higher home price.

3. Where are mortgage interest rates headed?

A buyer must be concerned about more than just prices. The ‘long term cost’ of a home can be dramatically impacted by even a small increase in mortgage rates. 

The Mortgage Bankers Association (MBA), the National Association of Realtors, Fannie Mae and Freddie Mac have all projected that mortgage interest rates will increase over the next twelve months as you can see in the chart below:

3 Questions Every Buyer Should Ask Themselves | Keeping Current Matters

Bottom Line

Only you and your family will know for certain if now is the right time to purchase a home. Answering these questions will help you make that decision.

 

Roseburg OR Real Estate For Sale
1020 Black Oak Drive, Roseburg, OR  97471


 

 

 

 

 

 

 

 

This is the location and views you have been waiting for! 1020 Black Oak Drive is an updated ranch home located in desirable Melrose situated on 2.59 private acres and just minutes to Roseburg. Three bedrooms, 3 full baths, a flowing floor plan, neutral colors, durable tile floors, laundry room and exceptional outdoor entertaining opportunities are just a few of the perks awaiting one lucky buyer! A modern kitchen with cabinet and counter space galore, walk in pantry, breakfast bar and eat in area is sure to impress any chef. Kick back and relax in the large living room, perfect for a growing family and guests. Large windows and sliding doors in the family room allow for tons of natural light and a view from almost every angle. The three spacious bedrooms are on the upper level including the master suite with deck access and a private bathroom. Expansive decking to enjoy the valley and wildlife views plus a backyard oasis with tranquil sounds of water cascading from a water feature with 3 fountains! Large shop with loft and an abundance of storage space, plus Sirius radio and Direct TV makes the perfect man cave! Make your appointment today to see this fantastic Roseburg OR home!

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.

Displaying blog entries 1-10 of 21

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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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