Insights
The spring buying season is off to a good start! According to a report by the National Association of Realtors, existing-home sales were up 9% in March. So it should come as now surprise that home prices are rising.
Last week, the Case-Schiller Home Price Index showed that home prices rose 5% across the country from last quarter 2014 to the end of Q1 2015. Inventory is also increasing, but not as fast as sales, resulting in the limited supply getting even tighter.
If you’re looking to buy or sell your home, contact me. I can help you navigate these rising trends.
Mother’s Day is Sunday, May 10th. To show this special lady in your life how much she means to you, treat her to day of brunch and spectacular floral sightings at the Oregon Garden. This famed garden offers more than 80 acres showcasing the natural wonders of the Pacific Northwest, as well as the Oregon Garden Resort with a full-service restaurant and moonstone spa. Feast on a brunch for only $25 that includes an omelet bar, carving station, bacon, sausage and cheese blitz with berry compotes all while enjoying picturesque views of the gardens and Willamette Valley. Don’t forget, Mother’s Day is considered the busiest restaurant day of the year! So whatever you do, make your reservations early.
Cinco de May 10k & 5k Fun Run – THIS WEEKEND:
http://terrapinevents.com/event/cinco-de-mayo-5k-10k-run-walk-portland/
Cinco de Mayo Festival at Tom McCall Waterfront:
http://cincodemayo.org/
Mexican Flag
18 Bodacious Bridges
(Credit: Iriana Shiyan/Shutterstock)
Yahoo Homes has a great article on 13 ways to increase your home’s curb appeal.
Remember – First impressions are everything!.
And if you need help with any of this, or need some professional referrals, don’t hesitate to contact me.
There are 3 main advantages to moving from renting to homeownership in today’s market.
Tax Savings
Deduct the cost of your mortgage loan interest from your state and federal income taxes. Additionally, you may deduct a portion of your property taxes.
Appreciation Potential
Real estate is a good long-term investment. Over the last ten years, appreciation in the Portland Metro area averaged 4%. Additionally, as you pay down your mortgage loan, your equity (wealth you have in your home) increases.
Stability
A fixed mortgage payment will not increase for 15 to 30 years, whereas Portland area rents increased an average of 6% this past year.
Bonus Fact
Homeowners don’t move as frequently as renters, tend to volunteer in the community more, and enjoy a net worth 34 times as much as a renter.
If you’re ready to make the switch from renting to owning, contact me!
The Wooden Shoe Tulip Fest in Woodburn is going on now through May 3rd. Stroll through 40 acres of stunning beauty, experience expansive views of vineyards, distant mountains, and a few mud puddles! Fresh flowers, food, and fun for all. There is nothing like the colors of the tulip fields back by Mt. hood and surrounded by fresh, country air. Details can be found at: www.woodenshoe.com
Examine your roof! Binoculars are a great way to get a closer look. Or call a roof cleaning professional to climb up to the tip top! They usually will clean the gutters too! Regular roof maintenance can extend the life of your roof by several years.
Need a referral for a roofing professional? Send me a message.
Tom Kerr Homes 