by René Nelson | Dec 15, 2009 | News
A short sale is where the sale proceeds fall short of the loan balance owed against the property. It is common to see references to “short sale” situations in advertising for real estate listed for sale. Many homeowners who are experiencing job losses or mounting debt...
by René Nelson | Dec 15, 2009 | Market Trends
November Residential Highlights Download the full report This November, sales activity in Lane County continued to outpace totals from the same month a year ago. Compared to November 2008, closed sales rose 34.4% and pending sales increased 1.6%. New listings dropped...
by René Nelson | Dec 14, 2009 | Market Trends
Oregon reported 3,160 properties with foreclosure filings in October, down 9 percent from the previous month, but still 11 percent above the level reported in October 2008, according to the latest RealtyTrac® U.S. Foreclosure Market Report. “Oregon welcomed a drop in...
by René Nelson | Dec 9, 2009 | Market Trends
Fannie Mae (FNMA) and Freddie Mac (FHLMC) have recently raised credit standards and many homebuyers may not qualify to buy a home. According to Ladelle White of Madrona Mortgage in Eugene, Oregon the lending arena is getting ready to experience big changes. Two of...
by René Nelson | Dec 8, 2009 | News
The government has decided to continue the $8,000 “first time” housing tax break through April 2010. Coupled with slipping mortgage rates, lots of people hit the market to grab a home. An annualized sales pace of 6.1 million was the result, a 10.1%...
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