Our area of Douglas County Oregon is famous for it's mild climate. But, just like much of the country, this month we are seeing a bit of a cold snap with snow and ice!
Most people are feeling as uneasy about our local real estate market as they are about the weather. Fortunately, we long term Oregonians know that mild temperatures and sunny skies will return!
For example here are some quotes from Realtor.com:
“Interest rates haven't been this low for nearly 40 years”
"At 6.4 percent, the average 30-year fixed rate mortgage rate remains near 40-year lows. This is more than an entire percentage point below 2000 levels. For a $250,000 loan, a drop from 7.5 percent to 6.5 percent means an annual savings of $2,000. "
“Former Federal Reserve Chair Alan Greenspan recently said that housing prospects are looking up. “Most of the negatives in housing are probably behind us. The fourth quarter should be reasonably good, certainly better than the third quarter.” According to industry estimates, 2006 will be the third-best year on record for home sales."
Things are already heating up in our local real estate market! With the increasing number of phone calls coming in to our office, we feel certain this will be another busy spring!
I hope everyone out there who's thinking of Buying or Selling this year takes the time to give us a call, or drop us a line, with your questions!
No comments:
Post a Comment