Using 20-20 hindsight to look back into the recent history of the Southern Oregon Real Estate market, we now see that starting around 2002, Southern Oregon real estate went on a remarkable 4 year run that ignored the internet crash and saw prices nearly triple. A home that sold for $60,000 in 2002 was up to $180,000 (and beyond) by 2005, securing lofty retirement goals through home equity more than just a dream. After a 5 year run like that, a real estate market correction shouldn’t have been surprising… but it was, catching not only home owners and investors off guard, but also the global financial community.

But ever optimistic I press on with the good news. Overall, the U.S. economy remains as one of the best global bets for investment, and the Southern Oregon real estate market continues to be one of the top retirement destinations with positive projections for home equity growth in the coming years. If you had been planning on a comfortable retirement before the financial meltdown upset your nest egg, Continue reading Home Equity, Retirement, and the Southern Oregon Real Estate Market

Once again, there is good news and bad news to mull over as we patiently await the coming recovery in Southern Oregon real estate market. The good news is that permits and actual starts for single-family new home construction went up nationally by 3.6% in the month of April when compared with March. The bad news is that the same number is down by 80% compared to the high-water mark in January of 2006. But improvement, like time itself, marches on. And for that there is joy not only in Mudville but in the entire Southern Oregon real estate market.

It has been my recent experience that out-of-work contractors in the Southern Oregon real estate market who specialize in new home construction are making transitions, either to Continue reading New Home Construction and the Southern Oregon Real Estate Market

My last post promised more information about going green and earning Oregon tax credits, but recent real estate news compels me to write about the latest information from the Standard and Poor’s/Case Shiller index.After 16 months of continuous declines in the national average for home prices of single family homes in the top 20 U.S. real estate markets, the declines have finally ceased. While admittedly the Southern Oregon real estate market is not in the top 20, San Francisco is and the San Francisco area is Southern Oregon’s primary feeder market.

For the last 3 years, homeowners and real estate investors have been asking the same question… Continue reading Home Prices and the Southern Oregon Real Estate Market