Category: Uncategorized
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How Rate Cuts Could Fuel Homebuying Competition | Your Real Estate Resource for Advice, Tips and Trends.
The Fed influences mortgage rates indirectly through its policy on inflation and labor market data. Mortgage rates generally drop with Fed rate cuts, making borrowing cheaper for consumers.
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5 Credit Score Myths for First-Time Home Buyers | Your Real Estate Resource for Advice, Tips and Trends.
1: Shopping around dents your credit score. Shopping for mortgage rates won't hurt your credit and can save you thousands. 2: Paying off long-term debt increases credit score. Paying off long-term debt may slightly lower your credit score
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Mortgage Calculator: How Much You Need To Buy a Home in Oregon at a Rate of 6.91%
The average rate on a 30-year mortgage increased to 6.91%. In Oregon, the median home price is $550,000, requiring a 20% down payment of $110,000, resulting in monthly payments of $2,901. With a 10% down payment, the upfront cost is $55,000, leading to monthly payments of $3,263. These payments exclude taxes and insurance. Despite the…
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2025 Interest Rate Forecast: Economic Balancing Act | Your Real Estate Resource for Advice, Tips and Trends.
Rates to drop from 4.5% (Q1) to 3.9% (Q4), following gradual rate cuts across four quarters. Rate cuts aim to boost borrowing and economic activity while addressing inflation concerns.
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Cities With the Fastest-growing Home Prices in Oregon
In the Albany-Lebanon, OR metro area, the typical home value is $427,580, with a 1-year price change of +$13,327 (+3.2%) and a 5-year change of +$138,601 (+48.0%). Salem, OR shows a typical home value of $391,906, increasing by +$13,403 (+3.5%) over the past year. In the Portland-Vancouver-Hillsboro, OR-WA area, the typical home value is $665,936,…
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Portland’s Building for Growth | Your Real Estate Resource for Advice, Tips and Trends.
Portland is preparing for a boom as it ranks third among cities projected to surpass $1M median home prices.The city’s 45% price growth (2014-2019) underscores rising demand, spurring potential for new housing developments.
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Things Homeowners Should Check in Winter | Your Real Estate Resource for Advice, Tips and Trends.
Protect Pipes: Insulate exposed pipes to prevent freezing and bursting during cold weather. Seal Air Leaks: Check windows, doors, and outlets for gaps to save on heating costs.
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Oregon proposes housing reforms to combat affordability crisis
Oregon legislators have introduced housing proposals to tackle the state's affordability crisis, where many renters and homeowners spend over 30% of their income on housing. Key initiatives include limiting rent increases in manufactured home parks to inflation rates, reducing the statute of limitations for condo construction defect claims to six years, and addressing unfair holding…
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2025 Housing Market Forecast for Buyers & Sellers | Your Real Estate Resource for Advice, Tips and Trends.
2025 housing market: moderate rise in home sales, stabilized mortgage rates, and slower price increases. All-cash buyers make up 26% of sales, driven by increased homeowner equity.
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Mortgage Calculator: How Much You Need To Buy a Home in Oregon at a Rate of 6.60%
The average rate on a 30-year mortgage has decreased to 6.60%. In Oregon, the median home price is $564,500, requiring a 20% down payment of $112,900, resulting in monthly payments of $2,884. With a 10% down payment, the upfront cost is $56,450, leading to monthly payments of $3,245. These payments are lower than those at…