Thank you lenders and/or the government for lowering the interest rates. In the last few weeks, i have noticed a huge increase in appraisers calling me for sales information. Yeah. I also had a buyer finally get into contract and a listing finally get an offer. These may seem like small things, but coupled all together, I see movement.
I have talked to my Realtor, appraiser, and lender friends who all say the same thing, too. More calls, a few refi's, etc. Big change from about a month ago when the only thing happening was foreclosure sales.Also I hear about more and more people getting loan modifications without having to strong arm the banks. The banks are calling them with win-win loan modifications. This is good because it keeps these homes off of the foreclosure lists and future foreclosure sales.
I doubt that there will be a big rebound in the next few months, but I think after the next 6 to 9 months, the market is going to be making a very,very slow gradual increase.
Not Bad news, maybe even Good news.....
Existing homes sales for the rolling Oct 1, 2008 to Dec 31, 2008 quarter shows another quarter with a stable number of sales for Jackson County. This makes the third quarter of this year and last year almost comparable due to the number of sales.
Good news!
Inventory is down from 2263 last year to 1877 this year (about 17%).
Not so Good news for seller, but Good news for buyers.....
Median price is down from $230,000 to $200,000.
Buyers? Better get out there and buy now!
In case you never have been to the Dragonfly in Ashland, I want to let you know one reason to go....
They have really good drinks, especially their Damiana Margarita. Of course, the food is good and all of their other drinks, but if you like margaritas, you must try it.
Here are four happy takers.
A couple of friends and I went hiking up Prescott Park on Saturday, followed up with the movie Yes Men, and then finished up with a drink at Elements.

The martini at elements was not only tasty, but a work of art. Each drink had an orchid floating on top. Check out these pictures my friend Irina took....before they were all gone.

Whether you are thinking of buying or selling a home, or you are already in the process of doing so, you should download the Oregon property buyer's advisory. This is a living online document created by the Oregon Association of Realtors® that covers the basics items you need to consider when buying a home.
Such things as woodstove, home inspections, title reports are all covered, and where appropriate additional links to sites with more information.

Sellers should also read this document as the information will help them understand why a buyer is asking for certain items, and what they might need to do to get there home ready to sell.
Se Habla Espanol? There is a Spanish version, too.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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