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August is almost coming to a close. And, there is still a lot of sunshine ahead and fun activities to be had. Ways of keeping your cool are vast though in the gorgeous Willamette Valley. At BST Realty LLC, we are so thankful for all the amazing areas we get to view with our clients. …
If you’re wondering if home prices are going to come down due to the cooldown in the housing market or a potential recession, here’s what you need to know. Not only are experts forecasting home prices will continue to appreciate nationwide this year, but most of them also actually increased their projections for home price appreciation from their original 2022 …
Continue reading "Experts Increase 2022 Home Price Projections"
The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year: That data shows more than half of the U.S. population live in a home they own, and the percentage …
As there’s more and more talk about the real estate market cooling off from the peak frenzy it saw during the pandemic, you may be questioning what that means for your plans to sell your house. If you’re thinking of making a move, you should know the market is still anything but normal. Even though the supply of homes …
There is no shortage of things to do this August in the Willamette Valley! We are in full swing with summer, and there are so many fun activities. It’s honestly hard to choose from since there are so many. If you’re in the mood to get your groove on with music, you’re in luck. There …
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There are more homes for sale today than at any time last year. So, if you tried to buy a home last year and were outbid or out priced, now may be your opportunity. The number of homes for sale in the U.S. has been growing over the past four months as rising mortgage rates help slow the frenzy the housing market saw …
Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the housing market. As a result, the market is seeing a shift back toward the range of pre-pandemic levels for buyer demand and home sales. But the transition back toward pre-pandemic levels isn’t a …
If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market. That’s because today’s market is undergoing a shift, and the supply of homes for sale is increasing as a result. That means you may have …
Continue reading "Wondering Where You’ll Move if You Sell Your House Today?"
Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year rate was down to 5.30% from 5.81% …
Continue reading "The Drop in Mortgage Rates Brings Good News for Homebuyers"
Once you’ve applied for a mortgage to buy a home, there are some key things to keep in mind. While it’s exciting to start thinking about moving in and decorating, be careful when it comes to making any big purchases. Here are a few things you may not realize you need to avoid after applying for …
Continue reading "Things To Avoid After Applying for a Home Loan"
The 4th of July is coming up before you know it! It’s also known as Independence Day and became a federal holiday in 1941. So, we’ve been officially celebrating it in many ways since then. With it being summer out, there are also lots of activities to enjoy in Oregon. From going to the rodeo …
If you own a home, your net worth likely just got a big boost thanks to rising home equity. Equity is the current value of your home minus what you owe on the loan. And today, based on recent home price appreciation, you’re building that equity far faster than you may expect – here’s how it works. Because …
Continue reading "The Average Homeowner Gained $64K in Equity over the Past Year"
It’s the first day of summer! How have you been spending your time so far? There are so many things to do in the Willamette Valley and beyond. It’s hard to choose, especially when summer rolls around. Whether you're going to a favorite swimming hole or stopping by a delectable ice cream shop, you’ve got …
Are you ready for Father’s Day this weekend? It’s a great time to celebrate the fathers and father-figures in your life. A father can play a special role in one’s family. Maybe your dad has sang Kelly Clarkson at the top of his lungs with you in the morning because he knows it’s your favorite. …
June is National Homeownership Month. During this time, it's good to reflect on where you are at and want to be when it comes to real estate. Perhaps you're a renter that is looking to take the plunge. It's new terrain that you haven't quite gotten to know. If you own your home, perhaps now …
Congratulations to all the graduates of 2022! It’s so exciting to celebrate everyone in our community who has achieved graduating this year. From high school to college, there are so many graduates! It takes a team effort for someone to graduate. At BST Realty LLC, we believe in supporting community. We have a strong team …
When it’s your first time at anything, you may feel like a duck out of water (or a fish?). It’s perfectly natural to feel this way. At BST Realty LLC, we are here to help answer any questions you may have about the real estate process. If it seems like uncharted waters, we are here …
In today’s housing market, many are beginning to wonder if we’re returning to the riskier lending habits and borrowing options that led to the housing crash 15 years ago. Let’s ease those concerns. Several times a year, the Mortgage Bankers Association (MBA) releases an index titled the Mortgage Credit Availability Index (MCAI). According to their website: “The MCAI provides the only standardized …
If you’re a newbie at something, it’s generally feels a bit scary. Possibly exciting. Maybe you’re trying to anticipate every potential outcome. However, imagining that is difficult. After all, it’s your first time trying something. Now, if you add the buying or selling of a home to the mix, then that may feel a bit …
The big move can sometimes feel overwhelming. It’s because when we encounter uncertainty, we just don’t know exactly what we’re getting into. That’s okay, that’s what we are here for. We are here to help you so that you can make the most informed decisions. A bit like Star Trek, you may feel like you’re …
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