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Exploring Salem Oregon: Willamette Art Center - Spring Pottery Sale

by Amy McLeod Group

Looking for the perfect Mother’s Day gift? The Art Center has handcrafted planters, vases, kitchenware and more created by talented, local potters. Discover a unique piece to add to your home or garden. Purchases support the WAC studio and local artists.

Willamette Art Center
1820 Silverton Rd. NE
Salem, OR 97301

503-365-3911

Courtesy of Amy McLeod, The McLeod Group Network

3 Charts That Shout, ‘List Your Home Today!’

by Amy McLeod Group

3 Charts That Shout, ‘List Your Home Today!’ | Keeping Current Matters

In school, we all learned the theory of supply and demand. When the demand for an item is greater than the supply of that item, the price will surely rise.

SUPPLY

The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 3.8-month supply. This is considerably lower than the 6-month supply necessary for a normal market.

3 Charts That Shout, ‘List Your Home Today!’ | Keeping Current Matters

DEMAND

Every month NAR reports on the number of buyers out in the market looking for homes, which is also known as buyer traffic. As seen on the map below, buyer demand in March was strong or very strong in 45 out of 50 states nationwide, and Washington, DC.

3 Charts That Shout, ‘List Your Home Today!’ | Keeping Current Matters

Many buyers are being confronted with a very competitive market in which they must compete with other buyers for their dream homes (if they are even able to find a home they wish to purchase).

Listing your house for sale now will allow you to capitalize on the shortage of homes for sale in the market, which will translate into a better pricing situation.

HOME EQUITY

Many homeowners underestimate the amount of equity they currently have in their homes. According to a recent Fannie Mae study, 37% of homeowners believe that they have more than 20% equity in their homes. In reality, CoreLogic’s latest Equity Report tells us that 78.9% actually do!

3 Charts That Shout, ‘List Your Home Today!’ | Keeping Current Matters

Many homeowners who are undervaluing the equity they have in their homes may feel trapped, which may be contributing to the lack of inventory in the market.

Bottom Line

If you are debating selling your home this year, lets meet to evaluate the equity you have in your home, as well as the opportunities available in your market. The McLeod Group Network, 971.208.5093 or [email protected] 

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How Fast Can You Save for a Down Payment?

by Amy McLeod Group

How Fast Can You Save for a Down Payment? | Keeping Current Matters

Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long would it take you to save for a down payment in each state?

Using data from the United States Census Bureau and Zillow, we determined how long it would take, nationwide, for a first-time buyer to save enough money for a down payment on their dream home. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their monthly housing expense.

By determining the percentage of income spent renting a 2-bedroom apartment in each state, and the amount needed for a 10% down payment, we were able to establish how long (in years) it would take for an average resident to save enough money to buy a home of their own.

According to the data, residents in Iowa can save for a down payment the quickest in just under 2 years (1.99). Below is a map created using the data for each state:

How Fast Can You Save for a Down Payment? | Keeping Current Matters

What if you only needed to save 3%?

What if you were able to take advantage of one of Freddie Mac’s or Fannie Mae’s 3% down programs? Suddenly, saving for a down payment no longer takes 5 or 10 years, but becomes attainable in a year or two in many states as shown in the map below.

How Fast Can You Save for a Down Payment? | Keeping Current Matters

Bottom Line

Whether you have just begun to save for a down payment, or have been saving for years, you may be closer to your dream home than you think! Let The McLeod Group Network help you evaluate your ability to buy today. 971.208.5093 or [email protected] 

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Exploring Salem Oregon: Take a Walk in the Park

by Amy McLeod Group

Saturday, April 29, 2017 - 9:00 am to 12:00 pm

Join us for a walk in the park! Pick up your passport and a balloon at the Rotary Pavilion, then walk to 6 stations & get your passport stamped at each one. At the end, grab a treat and enter your passport in a drawing to win an Attack Owl sign. A fun 2-mile walk. Hosted by Salem Parks Foundation. Suggested donation: $5 individual; $10 for families. Proceeds benefit Salem Parks.

200 Water St.
Salem, OR 97301

EVENT WEBSITE

Courtesy of Amy McLeod, The McLeod Group Network

Measuring Your Ability to Achieve the American Dream

by Amy McLeod Group

Measuring Your Ability to Achieve the American Dream | Keeping Current Matters

Forbes.com recently released the results of their new American Dream Index, in which they measure “the prosperity of the middle class, and…examine which states best support the American Dream.”

The monthly index measures several different economic factors, including goods-producing employment, personal and commercial bankruptcies, building permits, startup activity, unemployment insurance claims, labor force participation, and layoffs.

The national index score was rounded out to 100 in January and saw a modest jump to 100.5 in February.

Alaska represented the lowest score on the index at 80.7, due mostly to the recent collapse in oil prices. Nevada came in with the highest score at 108.8, boosted by big gains in goods-producing jobs and new construction activity. The full results can be seen in the map below.

Measuring Your Ability to Achieve the American Dream | Keeping Current Matters

Forbes Senior Editor Kurt Badenhausen explained why many states saw a boost in the index last month:

“[B]usinesses are hiring in part in anticipation of tax cuts and less regulation... Many areas of the country have experienced strong upticks in employment and construction, as well as declines in unemployment claims since the start of the year.”

Bottom Line

The American Dream, for many, includes being able to own a home of his or her own. With the economy improving in many areas of the country, its time to contact The McLeod Group Network for help making the dream become a reality. 971.208.5093 or [email protected] 

 

Setting Your Table for an Easter Dinner Party

by Amy McLeod Group

If you love to entertain in your home, spring is a time of year when setting a table for a dinner party is delightful way to bring the beauty of nature indoors, especially at Easter dinner.  Here are some creative and fun ideas for setting a table that will have you and your guests celebrating life, love, friendship and new beginnings!

Evoke a feeling of tranquility in your dining room by combining fresh roses, peonies, and hyacinth to create a delicate bouquet for your Easter centerpiece.

Include a speckled surprise!  A wee nest with an egg dyed a soft shade of blue makes a fitting place-card holder for a nature inspired, spring-time table.

If you are thinking about a more casual or "kid friendly" table, consider going with bright colors. A whimsical, candy-colored theme fits perfectly on a sunny spring day!  A bag of jelly beans is an excellent inspiration for the colors to use on this Easter table.

Here is an “egg-cellent” idea…use every day items as “egg holders”.  This is an enjoyable way to allow kids to help decorate.  They can dye eggs in colors to match your theme and then find clever ways to display them.  Candle stick holders are just one example of everyday items that can be used for this purpose.

If your dinner party includes young children, have a special treat for them as part of their place setting. Baa Baa Black and White Sheep treats are sure to impress. To shape the body, use melted white candy coating (found in the baking aisle) to secure miniature marshmallows to one Pepperidge Farm Milano Black & White cookie. Attach Peanut M & M’s for hooves. Use a second Milano cookie for the head, and attach miniature marshmallows and miniature chocolate morsels for the eyes. Use flattened marshmallows, pinched together at one end, to make ears.

Butterflies not only elicit thoughts of spring; they also symbolize rebirth in the most compelling way. Wire silk butterflies to the stems of champagne glasses for a simple, but elegant touch.

 

Exploring Salem Oregon: Friends of Bush Gardens Plant Sale

by Amy McLeod Group

Friday, April 21, 2017 - 10:00 am to Saturday, April 22, 2017 - 4:00 pm

Healthy plants for all your gardening needs including organic vegetables and herbs, from some of the Mid-Willamette Valley's most dedicated growers. Check the schedule for a new design clinic.

Salem's Riverfront Pavilion and North Meadow
200 Water St. NE
Salem, OR 97301

503-588-2410

Event Website

Courtesy of Amy McLeod, The McLeod Group Network

Millennials Flock to Low Down Payment Programs

by Amy McLeod Group

Millennials Flock to Low Down Payment Programs | Keeping Current Matters

A recent report released by Down Payment Resource shows that 65% of first-time homebuyers purchased their homes with a down payment of 6% or less in the month of January.

The trend continued through all buyers with a mortgage, as 62% made a down payment of less than 20%, which is consistent with findings from December.

An article by DS News points to the new wave of millennial homebuyers:

“It seems that the long-awaited influx of millennial home buyers is beginning. Ellie Mae reported that mortgages to millennial borrowers for new home purchases continued their ascent in January, accounting for 84 percent of closed loans.”

Among millennials who purchased homes in January, FHA loans remained popular, making up 35% of all loans closed. Ellie Mae’s Executive Vice President of Corporate Strategy Joe Tyrrell gave some insight into why:

“It is not surprising to see Millennial borrowers leverage FHA loans because they typically offer lower down payments and lower average FICO score requirements than conventional loans. Across the board, we're continuing to see strong interest in homeownership from this younger generation.”

Bottom Line

If you are one of the many millennials who is debating a home purchase this year, let The McLeod Group Network help you understand your options and set you on the path to preapproval. 971.208.5093 or [email protected] 

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Salem-Keizer OR Real Estate For Sale:6095 Culver Drive SE Salem OR 97317

by Amy McLeod Group

Salem-Keizer OR Real Estate For Sale:

 

Situated on clearing at the end of a long driveway surrounded by a forest of emerald green this well-organized cedar-shingle home has room for everyone to roam. An effortlessly flowing floor plan offers casual everyday living in light filled rooms with picturesque window views, gorgeous hardwood floors, tiled floors, knotty pine walls and ceilings plus an alluring family room two wood burning fireplaces. Chef inspired updated kitchen has granite counter-top, newer cabinets and a stainless gas range, this kitchen leaves nothing to be desired. Three generously sized bedrooms plus two full updated baths complete the main level. A spacious utility room with a sink and cabinets for storage helps keep things tidy. A fully finished basement is a thriving place to entertain with a kitchen, media area, full bath and a bedroom plus outside access this is a great place for overnight guests. A grand deck and rock patio overlooking a picturesque wooded back yard completes this serene setting. Don’t miss this peaceful setting close to town. Make this your home today!

The McLeod Group Network has distinguished themselves as a leader in the Salem-Keizer 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-Keizer 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-Keizer 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.

 

Displaying blog entries 1-9 of 9

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Contact Information

Photo of The McLeod Group Network Real Estate
The McLeod Group Network
Keller Williams Capital City
1900 Hines St SE #220
Salem OR 97302
971-208-5093
Fax: 971-599-5229

**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.