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Salem-Keizer OR Home For Sale: 895 16th Street NE, Salem, OR 97301

by Amy McLeod Group

Salem-Keizer OR Home For Sale
895 16th Street NE, Salem, OR  97301

Englewood charmer situated on a lovely corner lot on a picturesque tree lined street! The light and bright flowing floor plan of this home offers so much space for family function and guests featuring hardwood floors, beautiful built-ins, exposed beams, lovely moldings and trim, large windows letting the natural light in, plus cedar siding and a detached 1 car garage. Kick back, relax and toast your toes by the fireplace in this cozy living room. The connecting dining room is sure to impress with its full wall built in hutch! Hosting all the holiday gatherings will be a delight! The cute country kitchen provides lots of cabinet space, a sunny eat in area and access to the side deck. The spacious family room in the finished basement provides so much extra living space – perfect for media or play room. The four generously sized bedrooms provide plenty of room to grow and privacy for all with two on the main level and two upstairs. You are sure to appreciate the convenient location close to city center and services. Retreat from the hustle and bustle of everyday life simply by coming home!

The McLeod Group Network has distinguished themselves as a leader in the Salem Oregon real estate market. As a full service, real estate team - focused on working with our Seller and Buyer clients to help achieve their real estate goals!

We bring a keen eye for the details of buying or selling a Salem Oregon home and seemingly boundless determination and energy, which is why our clients benefit from our unique brand of real estate service. Rooted in Tradition, focused on the Future –The McLeod Group Network will help make the most of your Salem Oregon real estate experience. With over 40 years of combined experience, you can rest assured that your real estate transaction will be handled and cared for with the utmost respect and attention to detail. Give us a call today 503-798-4001 and discover the difference we can make during your family's move.

Saturday, November 18 - 11:00 AM to 5:00 PM

Barrel tasting, delicious food, and an incredible view. Serving Tri-Tip sandwiches, butternut squash soup, homemade sausage, smoked salmon pate, cheeses and more. Meet the winemaker and sample a future release. Everything included with a $10 tasting fee. 

Redhawk Vineyard & Winery
2995 Michigan City Ln NW
Salem, OR 97304

503-362-1596

Event Website

Courtesy of Amy McLeod, The McLeod Group Network

Mortgage Interest Rates Are Going Up… Should I Wait to Buy?

by Amy McLeod Group

Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeksFreddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters.

This has caused some purchasers to lament the fact that they may no longer be able to get a rate below 3.5%. However, we must realize that current rates are still at historic lows.

Here is a chart showing the average mortgage interest rate over the last several decades:

Bottom Line

Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.

Contact The McLeod Group Network to discuss your options! 971.208.5093 or mcleodgroupoffice@gmail.com

By: KCM Crew 

7 Reasons to List Your Home This Holiday Season

by Amy McLeod Group

Every year at this time, many homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes on the market decide to take them off until after the holidays.

Here are seven great reasons not to wait:

  1. Relocation buyers are out there. Many companies are still hiring throughout the holidays and need their employees in their new positions as soon as possible.
  2. Purchasers who are looking for homes during the holidays are serious buyers and are ready to buy now.
  3. You can restrict the showings on your home to the times you want it shown. You will remain in control.
  4. Homes show better when decorated for the holidays.
  5. There is less competition for you as a seller right now. Let’s take a look at listing inventory as compared to the same time last year:


  1. The desire to own a home doesn’t stop when the holidays come. Buyers who were unable to find their dream home during the busy spring and summer months are still searching!
  2. The supply of listings increases substantially after the holidays. Also, in many parts of the country, new construction will continue to surge reaching new heights in 2018, which will lessen the demand for your house.

Bottom Line

Waiting until after the holidays to sell your home probably doesn’t make sense.

Let’s get together to discuss your options!  971.208.5093 or mcleodgroupoffice@gmail.com

By: KCM Crew

Exploring Salem Oregon: Holiday Gift Sale

by Amy McLeod Group

Friday, November 10 & Saturday, November 11 - 9:00 am to 3:00 pm

Annual holiday gift sale. Shop for the perfect gift within the gorgeous Queen Anne Victorian-style home of Deepwood. Our select vendors offer a variety of holiday options; chocolates, teas, holiday decorations, jewelry and more. Free admission.

Deepwood Museum & Gardens
1116 Mission St. SE
Salem, OR 97302

503-363-1825

Event Facebook Page

Courtesy of Amy McLeod, The McLeod Group Network

Happy Veteran's Day!

by Amy McLeod Group

"To us in America, the reflections of Armistice Day will be filled with solemn pride in the heroism of those who died in the country’s service and with gratitude for the victory, both because of the thing from which it has freed us and because of the opportunity it has given America to show her sympathy with peace and justice in the councils of the nations…"--President Woodrow Wilson

So began President Wilson in November 1919, when he dedicated Armistice Day, November 11, to the cause of world peace and to honor the sacrifice of the US military after World War I. Nineteen years later, a legal holiday was officially signed into being, and in 1954, the name was changed from Armistice Day to Veterans Day to honor all veterans. Veterans Day differs from Memorial Day in that it celebrates living and dead US Veterans, and pays tribute to their sacrifices for the freedoms in this country.

Ceremonies, parades, and special events dedicated to honoring our veterans happen all over the country, and what better way to pay tribute than to attend an event in our local area?  See the links for more information!
 

All National Parks admission is free on Veterans Day Weekend

Tribute to Veterans

Oregon Women Veterans Memorial Dedication

Courtesy of Amy McLeod, The McLeod Group Network

A Housing Bubble? Industry Experts Say NO!

by Amy McLeod Group

With residential home prices continuing to appreciate at levels above historic norms, some are questioning if we are heading toward another housing bubble (and subsequent burst) like the one we experienced in 2006-2008.

Recently, five housing experts weighed in on the question.

Rick Sharga, Executive VP at Ten-X:

“We’re definitely not in a bubble.”

“We have a handful of markets that are frothy and probably have hit an affordability wall of sorts but…while prices nominally have surpassed the 2006 peak, we’re not talking about 2006 dollars.”

Christopher Thornberg, Partner at Beacon Economics:

“There is no direct or indirect sign of any kind of bubble.”

“Steady as she goes. Prices continue to rise. Sales roughly flat.…Overall this market is in an almost boring place.”

Bill McBride, Calculated Risk:

“I wouldn't call house prices a bubble.”

“So prices may be a little overvalued, but there is little speculation and I don't expect house prices to decline nationally like during the bust.”

David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices:

“Housing is not repeating the bubble period of 2000-2006.”

“…price increases vary unlike the earlier period when rising prices were almost universal; the number of homes sold annually is 20% less today than in the earlier period and the months’ supply is declining, not surging.”

Bing Bai & Edward Golding, Urban Institute:

“We are not in a bubble and nowhere near the situation preceding the 2008 housing crisis.”

“Despite recent increases, house prices remain affordable by historical standards, suggesting that home prices are tracking a broader economic expansion.”

Let’s get together to discuss your home buying and home selling needs. 971.208.5093 or mcleodgroupoffice@gmail.com

By: KCM Crew

Low Inventory Causes Home Prices to Maintain Fast Growth

by Amy McLeod Group

The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price Report last week. The report revealed that severely lacking inventory across the country drained sales growth and kept home prices rising at a steady clip in nearly all metro areas. Home prices rose 5.3% over the last quarter across all metros.

Lawrence Yun, Chief Economist at NAR, discussed the impact of low inventory on buyers in the report:

“Unfortunately, the pace of new listings were unable to replace what was quickly sold. Home shoppers had little to choose from, and many had to outbid others in order to close on a home. The end result was a slowdown in sales from earlier in the year, steadfast price growth and weakening affordability conditions.”

What this means to sellers

Rising prices are a homeowner’s best friend. As reported by the Washington Post in a recent article post:

“The rise in median sales prices has made current homeowners much more willing to sell their home, and that willingness is one of the main drivers behind the inventory that does make it on to the market. While it hasn’t been enough to meet demand, it has made the situation much better, compared with even three or four years ago.”

What this means to buyers

In a market where prices are rising, buyers should take into account the cost of waiting. Obviously, they will pay more for the same house later this year or next year. However, as Construction Dive reported, the amount of cash needed to purchase that home will also increase.

“These factors have created a situation where the market keeps moving the goalposts in terms of the down payment necessary for first-time homebuyers to get into a home.”

 

Bottom Line 

If you’re thinking of selling and moving down, waiting might make sense. If you are a first-time buyer or a seller thinking of moving up, waiting probably doesn’t make sense. 

Let's get together to discuss your options! 971.208.5093 or mcleodgroupoffice@gmail.com

By: KCM Crew

Exploring Salem Oregon: Salem Station Transportation Exhibit

by Amy McLeod Group

Beginning November 3, 2017

Visitors will recognize Salem landmarks, such as the Union Street bridge, as they enjoy an interactive tablescape, construction with magnetic blocks, and a child-size bus.

Gilbert House Children’s Museum
116 Marion St NE
Salem, Oregon

Phone: 503-371-3631

Tuesday – Sunday: 10 a.m. – 5 p.m.

Admission:
Members: Free
General (ages 3-59): $8
Seniors (60+): $6
Toddlers (ages 1 & 2): $4
Children under 1: Free

Courtesy of Amy McLeod, The McLeod Group Network

Don't Let Fear Stop You from Applying for a Mortgage

by Amy McLeod Group
Don't Let Fear Stop You from Applying for a Mortgage | MyKCM

A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainty about the buying process. A specific cause for concern tends to be mortgage qualification.

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 to have saved for a down payment (73% of all buyers made a down payment of less than 20%, with many buyers putting down 3% or less), a stable income and good credit history.

Throughout the entire home buying process, you will interact with many different professionals, all of whom perform necessary roles. These professionals are also valuable resources for you.

Once you’re ready to apply, here are 5 easy steps that Freddie Mac suggests you follow:

  1. Find out your current credit history & score – even if you don’t have perfect credit, you may already qualify for a loan. The average FICO® Score of all closed loans in September was 724, according to Ellie Mae.
  2. Start gathering all your documentation – income verification (such as W-2 forms or tax returns), credit history, and assets (such as bank statements to verify your savings).
  3. Contact a professional – your real estate agent will be able to recommend a loan officer that can help you develop a spending plan, as well as determine how much home you can afford.
  4. Consult with your lender – he or she will review your income, expenses, and financial goals to determine the type and amount of mortgage you qualify for.
  5. Talk to your lender about pre-approval – a pre-approval letter provides an estimate of what you might be able to borrow (provided your financial status doesn’t change), and demonstrates to home sellers that you are serious about buying!

Bottom Line

Do your research, reach out to the professionals at The McLeod Group Network, stick to your budget, and be sure that you are ready to take on the financial responsibilities of becoming a homeowner. 971.208.5093 or mcleodgroupoffice@gmail.com

By: KCM Crew

Displaying blog entries 1-10 of 124

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Photo of The McLeod Group Real Estate
The McLeod Group
Keller Williams Capital City
1900 Hines St SE #220
Salem OR 97302
971-208-5093
Fax: 503-270-5701

**Disclaimer: Amy McLeod, and her team, do not initiate, process, or service mortgages.  And provide this information only as a service.  You should confirm information here with your Licensed Mortgage Lender.