Three Reasons Why This Is Not a Housing Crisis

    In times of uncertainty, one of the best things we can do to ease our fears is to educate ourselves with research, facts, and data. Digging into past experiences by reviewing historical trends and understanding the peaks and valleys of what’s come before us is one of the many ways we can confidently evaluate any situation. With concerns of a global recession on everyone’s minds today, it’s important to take an objective look at what has transpired over the years and how the housing market has successfully weathered these storms. 1. The Market … Continue reading...

Your Tax Refund Can Take You Home This Year

Are you looking to buy a home in 2020? How about putting your tax refund toward a down payment? Homeownership may be one step closer than you think if you spend your dollars wisely this year. According to data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $2,962 when filing their taxes this year. The map above shows the average tax refund Americans received last year by state. According to programs offered by the Federal Housing Authority, Freddie Mac, and Fannie Mae, many first-time home buyers can … Continue reading...

Strength of the Economy Is Surprising the Experts

We’re currently in the longest economic recovery in U.S. history. In response, experts are projecting when the next economic slowdown (recession) could occur.   Two years ago, 67% of the economists surveyed by the Wall Street Journal (WSJ) for the Economic Forecasting Survey predicted we would have a recession no later than the end of this year (2020). The same study conducted just three months ago showed more than one-third of the economists still projecting an economic slowdown right around the corner. Naturally, this news caused concern among … Continue reading...

Buying a Home Early Can Significantly Increase Future Wealth

  According to an Urban Institute study, homeowners who purchase a house before age 35 are better prepared for retirement at age 60. The good news is, our younger generations are strong believers in homeownership. According to a Freddie Mac survey, “The dream of homeownership is alive and well within “Generation Z,” the demographic cohort following Millennials. Our survey…finds that Gen Z views homeownership as an important goal. They estimate that they will attain this goal by the time they turn 30 years old, three years younger than the current … Continue reading...

2020 Homebuying Checklist

Buying a home in 2020? Here's a Homebuying Checklist to get you started. Some Highlights: If you’re thinking of buying a home, plan ahead and stay on the right track, starting with pre-approval. Being proactive about the homebuying process will help set you up for success in each step. Make sure to work with a trusted real estate professional along the way, to help guide you through the homebuying steps specific to your area. … Continue reading...

Millennial’s Guide to Home Ownership

Click Download to get your Guide. If you are one of the millions of millennials who has seen their peers begin to buy homes recently and are wondering what it would take for you to do the same... you’ve found the right eGuide! The goal of this eGuide is to provide you with the information you will need to make the best decision for you and your family in regards to homeownership. We will break down the myths and stereotypes that have long been believed to be true, as well as shed light on the opportunity you have to build wealth using your monthly housing cost.   … Continue reading...

Forget the Price of the Home. The Cost is What Matters.

  Home buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices appreciate. That’s why firms are beginning to increase their projections for home price appreciation going forward. As an example, CoreLogic increased their 12-month projection for home values from 4.5% to 5.6% over the last few months. The reacceleration of home values will cause some to again voice concerns about affordability. Just last week, however, First American came out with a data analysis that explains how price is not … Continue reading...

This is Not 2008 All Over Again: The Mortgage Lending Factor

Some are afraid the real estate market may be looking a lot like it did prior to the housing crash in 2008. One of the factors they’re pointing at is the availability of mortgage money. Recent articles about the availability of low-down payment loans and down payment assistance programs are causing concern that we’re returning to the bad habits of a decade ago. Let’s alleviate the fears about the current mortgage market. The Mortgage Bankers’ Association releases an index several times a year titled: The Mortgage Credit Availability Index (MCAI). According to their … Continue reading...

Taking the Fear Out of the Mortgage Process

A considerable number of potential buyers shy away from the real estate market because they’re uncertain about the buying process – particularly when it comes to qualifying for a mortgage. For many, the mortgage process can be scary, but it doesn’t have to be! In order to qualify in today’s market, you’ll need a down payment (the average down payment on all loans last year was 5%, with many buyers putting down 3% or less), a stable income, and a good credit history. Once you’re ready to apply, here are 5 easy steps Freddie Macsuggests to follow: Find out your … Continue reading...

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SkyBlue Portland Real Estate Group
Premiere Property Group, LLC
5000 Meadows Road - Suite 150
Lake Oswego OR 97035