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Some
people LOVE statistics and MANY USE statistics in business, especially in real estate. Grants Pass Association of Realtors®
is a GREAT source of STATISTICS as are other Real Estate websites including:
MSN LIFESTYLES, OREGON ASSOCIATION OF REALTORS®,
AND THE NATIONAL ASSOCIATION OF REALTORS®.
See what you think.
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THE SCHMIDT TEAM
Tim and Nancy Schmidt Real Estate Brokers
Local
Statistics for Josephine County, the state of Oregon and sometimes for the entire Nation. Home prices HAVE DECLINED EVEN FURTHER! The
Government Plans to Modify Mortgages Has Failed So Far! Interest rates are EXTREMELY LOW!! Guess How Many REALTORS® Are NAR Members? See
below for answer.
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SO. OREGON MLS - MONTHLY NAR STATISTICAL REPORT!!! Here are the figures for JUNE
2010! The average prices for homes were: 2 Bdrm or less =$121,478 3 Bdrm =$199,400 4 Bdrm or more =$272,496 The Average price for: The 1031 active listings = $326,129 There were 0 Contingency Sales. The 51
Pending Sales = $205,534 The Average
Days on the Market: 1
- 30 days = 23 sales 31 - 60 days = 11 sales 61 - 90 days = 9 sales 91 - 120 days = 11 sales 121 - 180 days = 16 sales 181+ days = 23
sales Total Units Sold = 93 Average Market Time = 135 days Average Sold Price = $192,022 Most Buyers financed their purchases with 34 CONVENTIONAL
LOANS overwhelming the 33 CASH SALES. There were 14 FHA, 5
VA, 3 OC1st, 1 FMHA & 3 other. from: Grants Pass Association of Realtors® Grants Pass, Oregon, 07/06/10.
All information herein has not been verified and is not guaranteed.
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Foreclosures Among Top Concerns
Foreclosures remain a real concern among survey respondents. Slightly more than half (51%) say foreclosures are a big to moderate problem
in their area. However, the rate of foreclosures is generally seen as stabilizing; 41% say the rate of
foreclosures in their area is about the same as last year. 92% of respondents said neither they nor members of their immediate family have experienced a foreclosure in the past year, yet it is still a personal
concern for many. One in five respondents said they are very or fairly worried that they will have difficulty
making their mortgage payments over the next year. 32% say it’s a big or moderate worry that they,
or a member of their family, may have their home repossessed or foreclosed because they are unable to pay rising monthly mortgage
payments.
In 2008, more than half of respondents (54%) were open to the federal government
taking a more active role in overseeing mortgage and lending practiced – the number dropped this year to 47%.
This could be because 42% of Americans believe the country is back on the right track, more than double the number
last year (16%).
from the National Association of REALTORS®
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MORTGAGE RATES DROP TO NEW LOW OF 4.57
PERCENT!!!
NEW YORK
(AP) -- Mortgage rates fell for the second straight week to the lowest point in five decades, but it may not be
enough to jump-start the housing market. Mortgage company Freddie Mac said today the
average rate for 30-year fixed loans dropped to 4.57%. That's down from the previous record of 4.58% set last week and
the lowest since Freddie Mac began tracking rates in 1971. Rates have fallen over the
past two months. Investors, concerned with the European debt crisis, have poured money into the safety of Treasury bonds.
Treasury yields have fallen and so have mortgage rates, which tend to track yields on U. S. debt.
However, low rates have yet to fuel home sales. The housing market has slowed since federal tax credits for homebuyers
expired at the end of April. To calculate the national average, Freddie Mac collects mortgage
rates on Monday through Wednesday of each week from lenders around the country. Rates often fluctuate significently,
even within a given day.
An article from the Grants Pass DAILY COURIER, July
8, 2010 edition.
**
There are 1,082,610 REALTORS® who are members of NAR as of 05/31/10.
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Obtaining Financing Another Obstacle
Regarding financing, seven in ten Americans cite a lock of confidence in their ability to be approved for a home
loan as an obstacle to homeownership. The same number also say that banks are making it too hard to qualify
for a loan (71%) and that fewer mortgage options offered by banks have made it harder for them to buy a home (71%).
The perception of qualifying for a loan as a huge obstacle is especially high among minorities. “Home buyers need protection from risky lending products
but also need access to mortgages at a reasonable cost. While there has been some easing of credit in the
mortgage market, the availability of credit continues to be an issue for many qualified home buyers,” says McMillan.
The 2009 National Housing Pulse Survey is
conducted by American Strategies and Myers Research & Strategic Services for NAR’s Housing Opportunity Program.
The telephone survey was among 1,250 adults
living in the 25 more populous metropolitan statistical areas.
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SOMETHING
DIFFERENT ESPECIALLY FOR HOME SELLERS EVERYWHERE! How to turn DREAD into Adventure...
When you wake up in the morning do you dread what is coming your way for the day,
or are you excited about the adventure that awaits? This is an important question because it determines your quality
of life experience and the results you see for your efforts.Let me share something
personal about myself.
I am what
could best be described as a “pragmatic optimist”. This means I’m very optimistic about possibilities,
yet have enough life experience to know that “stuff” happens which can get in the way of my goals and dreams.And, like many people I have to sometimes fight the urge to feel dread about all that “stuff”.
Now if you think about it, dread is just fear about not being able to
handle what’s coming. Yet in my entire life (as I suspect with yours as well) there was never a time, not even
once, where I couldn’t handle what life dished out…
There is no need to fear what might happen. Because
whatever happens, you’ll be able to successfully deal with it.
BY: Ralph Marston
We can thank our survival
instinct for our tendency towards dread, yet we have a choice. We can choose to be in a state of constant “high-alert”
readiness (very exhausting), or we can welcome the whatever may or may not come our way as just another part of the grand
adventure. I’ll leave it to you to decide which is a lot more fun, invigorating, profitable and full of possibilities…
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