The Grants Pass Housing Recovery and the Southern Oregon Real Estate Market
These days, sellers in Grants Pass all seem to be asking the same question. Has the Grants Pass housing recovery started yet? They ask this question because for a lot of sellers in the Southern Oregon real estate market, they’d love to sell their home for a fair price and move forward with other life choices, like relocating for a better job or moving into larger or smaller digs. Unfortunately, the answer continues to be “maybe.”
Statistically, after three years of intense price declines, the nationwide recovery for the housing sector appears to have begun. The Case-Shiller housing index for the top twenty cities in America reported an increase of .05 for the month of May. This is the first statistical increase since 2006, and while the Grants Pass area is far from a “top twenty” city, gains in the big urban centers point to future migration to smaller and more “livable” towns like Grants Pass in the Southern Oregon real estate market.
And for Buyers, the news continues to be blue skies and feather beds. There are many bargain-priced homes still currently on the market than at any time since 2004. The impending housing recovery for the Southern Oregon real estate market may mean that Buyers do not have to worry about any steep drops in the home they might buy, but likewise, they must recognize that major increases in equity will be slow to come for the next five years.
A Socially Conscious Real Estate Consultant
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This entry was posted on Friday, August 14th, 2009 at 12:11 pm and is filed under the category Grants Pass Real Estate, Green Real Estate, Michael Masters, Real Estate, Southern Oregon Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.
