Real Estate Information Archive


Displaying blog entries 1-10 of 16

Buyer Demand Continues Outpacing the Supply of Homes for Sale

by Amy McLeod Group
Buyer Demand Continues Outpacing the Supply of Homes for Sale | MyKCM

The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index.

Their latest edition sheds some light on the relationship between Seller Traffic (supply) and Buyer Traffic (demand).

Buyer Demand

The map below was created after asking the question: “How would you rate buyer traffic in your area?”

Buyer Traffic | MyKCM

The darker the blue, the stronger the demand for homes in that area. Only three states had a ‘stable’ demand level.

Seller Supply

The index also asked: “How would you rate seller traffic in your area?”

As you can see from the map below, 21 states report a ‘weak’ sellers traffic, 25 states report a ‘stable’ sellers traffic, only 4 states and DC report a ‘strong’ sellers traffic. Meaning there are far fewer homes on the market than what is needed to satisfy the buyers who are out looking for their dream homes.

Seller Traffic | MyKCM

Bottom Line

Looking at the maps above, it is not hard to see why prices are appreciating in many areas of the country. Until the supply of homes for sale starts to meet the buyer demand, prices will continue to increase. If you are debating listing your home for sale, let’s get together to help you capitalize on the demand in the market now! 971.208.5093 or [email protected]

By: KCM Crew

Exploring Salem Oregon: Fiesta Mexicana

by Amy McLeod Group

Friday, August 4 - 6, 2017 - 12:00 PM

Mark your calendar and be sure to join us for delicious food, amazing entertainment, Queen & Court coronation, an endlessly entertaining parade, classic cars, and soccer tournament at the 54th annual McDonald's Woodburn Fiesta Mexicana. Fiesta history dates to its first annual festivities which began in 1964 in the heart of downtown Woodburn in appreciation of the workers and the harvest season ending. The City of Woodburn is honored to continue the tradition by hosting this family friendly celebration of Hispanic culture.

Friday, August 4: 12:00pm-11:00pm 

Saturday, August 5: 10:00am-11:00pm

Sunday, August 6: 10:00am-10:00pm

Free all day on Friday. Free until 5:00pm on Saturday and Sunday. After 5:00pm, $5 per person age 11 & older. 10 & under are free.

Map & Directions
From Portland, take I-5 South to exit 271. Turn left onto Newberg Hwy. Proceed 3 miles. Turn right on Park Avenue. Legion Park will be on the right.

From Salem, take I-5 North to exit 271. Turn right onto Newberg Hwy. Proceed 3 miles. Turn right on Park Avenue. Legion Park will be on the right. 

Event Website

Courtesy of Amy McLeod, The McLeod Group Network

A ‘Buyer’ in Hand is Worth Two in the Bush

by Amy McLeod Group
A ‘Buyer’ in Hand is Worth Two in the Bush | MyKCM

In today’s highly competitive seller’s market where there are more buyers than there are homes for them to buy, some sellers may feel like the ball is in their court.

And they would be right when it comes to choosing which offer to accept, the closing date, or even which improvements they are willing to make to their house prior to selling.

One thing to remember though, is that there is always a line that shouldn’t be crossed.

Interest rates can change, financing might not go through, the appraisal might not come back at the price that you have agreed to. These are all opportunities to work with your buyer to make sure that the sale still happens.

You may think that, because buyer demand is so high right now, you can choose to make your buyer jump through hoops. But what happens if they reach their limit and need to walk away? You’re starting over… weeks, maybe months later… and other buyers may wonder what’s wrong with the house since the last deal fell through.

The Golden Rule

We were all taught from a young age to “treat others as you would like to be treated.” This shouldn’t change once you have a buyer who seems as though they would do anything to buy your home.

Find out how much your current home is worth! 971.208.5093 or [email protected]

By: KCM Crew

U.S. Housing Inventory Hits a New Low… List Your House TODAY!

by Amy McLeod Group
U.S. Housing Inventory Hits a New Low… List Your House TODAY! | MyKCM

Every summer, families across the country decide if this will be the year they sell their current house and move into their dream home.

Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory levels of homes for sale have dropped dramatically as compared to this time last year.

Trulia reported that “U.S. home inventory has tumbled 8.9% over the past year and has now fallen for nine consecutive quarters.” There is now 20% less inventory than there was five years ago.

Here is a chart showing the decrease in inventory levels by category:

U.S. Housing Inventory Hits a New Low… List Your House TODAY! | MyKCM

Bottom Line

Demand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2017, now may be the perfect time.

Contact The McLeod Group Network to find out how much your current home is worth! 971.208.5093 or [email protected] 

BY: KCM Crew

Exploring Salem Oregon: Mount Angel Abbey Bach Festival

by Amy McLeod Group

July 26 - 28, 2017

Classical music festival includes music, picnic buffet, wine and a visit to historic abbey. July 26 features the Quatuor Saguenay; July 27 features Elinor Frey, 5-string cello and Lorenzo Ghielmi, fortepiano; July 28 features Fr. Sean Duggan, OSB, piano. 

Tickets: $55/night. $125/season of 3 nights, tickets includes concert and picnic.

Damian Center
Mt. Angel Abbey
1 Abbey Drive
Saint Benedict, OR 97373

503-845-3064 or 800-845-8272

Event Website

Courtesy of Amy McLeod, The McLeod Group Network

84% of Americans Believe Buying a Home is a Good Financial Decision

by Amy McLeod Group
84% of Americans Believe Buying a Home is a Good Financial Decision | MyKCM

According to the National Association of Realtors®’ 2017 National Housing Pulse Survey84% of Americans now believe that purchasing a home is a good financial decision. This is the highest percentage since 2007 – before the housing crisis. Those surveyed pointed out five major reasons why they believe homeownership is a good financial decision:

  1. Homeownership means the money you spend on housing goes towards building equity, rather than to a landlord
  2. Homeownership creates the opportunity to pay off a mortgage and own your home by the time you retire
  3. Homeownership is an investment opportunity that builds long-term wealth and increases net worth
  4. Homeownership means a stable and predictable monthly mortgage payment
  5. Homeownership allows for various deductions on federal, state, and local income taxes

The survey also revealed that the majority of Americans strongly agree that homeownership helps create safe, secure, and stable environments.

Bottom Line

Homeownership has always been and still is a crucial part of the American Dream.

Contact The McLeod Group Network to start searching for your new home! 971.208.5093 or [email protected] 

BY: KCM Crew

3 Questions to Ask Before You Buy Your Dream Home

by Amy McLeod Group
3 Questions to Ask Before You Buy Your Dream Home | MyKCM

If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interests at heart, they may not be fully aware of your needs and what is currently happening in the real estate market.

Ask yourself the following 3 questions to help determine if now is a good time for you to buy in today’s market.

1. Why am I buying a home in the first place? 

This is truly the most important question to answer. Forget the finances for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with money.

For example, a survey by Braun showed that over 75% of parents say, “their child’s education is an important part of the search for a new home.”

This survey supports a study by the Joint Center for Housing Studies at Harvard University which revealed that the top four reasons Americans buy a home have nothing to do with money. They are:

  • A good place to raise children and for them to get a good education
  • A place where you and your family feel safe
  • More space for you and your family
  • Control of that space

What does owning a home mean to you? What non-financial benefits will you and your family gain from owning a home? The answer to that question should be the biggest reason you decide to purchase or not.

2. Where are home values headed?

According to the latest Existing Home Sales Report from the National Association of Realtors(NAR), the median price of homes sold in May (the latest data available) was $252,800, which is up 5.8% from last year. This increase also marks the 63rd consecutive month with year-over-year gains.

If we look at home prices year over year, CoreLogic is forecasting an increase of 5.3% over the next twelve months. In other words, a home that costs you $250,000 today will cost you an additional $13,250 if you wait until next year to buy it.

What does that mean to you?

Simply put, with prices increasing each month, it might cost you more if you wait until next year to buy. Your down payment will also need to be higher in order to account for the higher price of the home you wish to buy. 

3. Where are mortgage interest rates headed?

A buyer must be concerned about more than just prices. The ‘long-term cost’ of a home can be dramatically impacted by even a small increase in mortgage rates.

The Mortgage Bankers Association(MBA),NAR, and Fannie Mae have all projected that mortgage interest rates will increase over the next twelve months, as you can see in the chart below:

3 Questions to Ask Before You Buy Your Dream Home | MyKCM

Bottom Line

Only you and your family will know for certain if now is the right time to purchase a home. Answering these questions will help you make that decision.

Let The McLeod Group Network help you figure out if your dream home is already within your reach! 971.208.5093 or [email protected] 

By: KCM Crew

Exploring Salem Oregon: Salem Art Fair & Festival

by Amy McLeod Group

Friday, July 21 | 10 am-7 pm (Music Headliner 7:30-9:00 pm)
Saturday, July 22 | 10 am-7 pm (Music Headliner 7:30-9:00 pm)
Sunday, July 23 | 10 am-5 pm

Bush's Pasture Park

The Salem Art Fair & Festival features 200 Visual Artists, live music, two craft beer and wine gardens, 20 food booths, art activities, and a Plant Sale. Visual Artists from all over the nation. $5 Day, $10 Three Day Pass.

Bush's Pasture Park
600 Mission St. SE
Salem, OR 97301

Event Website

Courtesy of Amy McLeod, The McLeod Group Network

The 5 Greatest Benefits of Homeownership

by Amy McLeod Group
The 5 Greatest Benefits of Homeownership | MyKCM

Recently, Freddie Mac reported on the benefits of homeownership. According to their report, here are the five benefits that “should be at the top of everyone’s list.”

  1. Homeownership can help you build equity over time.
  2. Your monthly payments will remain stable.
  3. You may have some tax benefits.
  4. You can take pride in ownership.
  5. Homeownership improves your community.

Let’s expand on each of Freddie Mac’s points:

Homeownership can help you build equity over time.

Every three years, the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).

In a Forbes article, the National Association of Realtors’ (NAR) Chief Economist Lawrence Yun reported that now the net worth gap is 45 times greater.

Your monthly payments will remain stable.

When you purchase a home with a fixed rate mortgage, the majority of the payment (principle and interest) remain constant. On the other hand, rents continue to skyrocket. Your housing expense is much more stable if you own instead of rent.

You may have some tax benefits.

According to the Tax Policy Center’s Briefing Book -“A citizen’s guide to the fascinating (though often complex) elements of the federal Tax System” – there are several tax advantages to homeownership.

Here are four items from the Briefing Book:

  • Mortgage Interest Deduction
  • Property Tax Deduction
  • Imputed Rent
  • Profits from Home Sale

You can take pride in ownership.

Most surveys show that a major factor in purchasing a home is the freedom you have to design the home the way you want. From paint colors to yard accessories, you don’t need a landlord’s permission to make the house feel like a home.

Homeownership improves your community.

The National Association of Realtors recently released a study titled ‘Social Benefits of Homeownership and Stable Housing.’ The study explained:

“Homeownership does create social capital and provide residents with a platform from which to connect and interact with neighbors…Owning a home means owning part of a neighborhood, and a homeowner’s feelings of commitment to the home can arouse feelings of commitment to the neighborhood, which, in turn, can produce interactions with neighbors.”

Bottom Line

There are many benefits to homeownership. That is why it is still a critical piece of the American Dream.

Meet with The McLeod Group Network - we can help you find your dream home. 971.208.5093 or [email protected] 

By: KCM Crew

Salem-Keizer OR Home For Sale: 4104 Braden Lane SE, Salem, OR 97302

by Amy McLeod Group

Salem-Keizer OR Home For Sale
4104 Braden Lane SE, Salem, OR  97302

This beautiful brand new Neo-Traditional home is straight out of the pages of HGTV and just waiting for you to arrive! Located in desirable Fairview Addition, the gracious "Ayres" floor plan from Olsen Design and Development is loaded with tasteful amenities and upgrades including English oak floors, two fireplaces, stylish fixtures, modern lighting, neutral colors, and classic clean lines all effortlessly flowing throughout. Style and utility meet in this gourmet kitchen with stainless steel appliances including a gas range, gorgeous counters, subway tile backsplash, island with bar seating and a pantry. Toast your toes by the cozy gas fireplace in the open great room! A large office space makes working from home a breeze. High ceilings, a walk in closet, soaking tub, dual vanity and a walk in tiled shower truly creates a “knock your socks off” master suite! Upstairs there are three generously sized secondary bedrooms and a family room with built in benches. Your own private backyard oasis offers a covered patio, outdoor fireplace and custom landscaping on the oversized lot, plus a 3 car garage for all your storage needs.  Every detail is in perfect order; all this home needs is you! Please take a look, you are sure to love 4104 Braden Lane SE!

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.

Displaying blog entries 1-10 of 16

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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
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.