Team Thayer Property Servicing

Home prices nationwide, including distressed sales, increased by 2.7 percent month-over-month in April and have risen on a year-over-year basis for 38 consecutive months, according to the  April 2015 CoreLogic Home Price Index  (HPI) released on Tuesday. With distressed sales (short sales and REO transactions) figured in, 30 states plus the District of Columbia were at or within 10 percent of their peak prices in April, according to CoreLogic. The District of Columbia reaching price peaks not seen since the beginning of CoreLogic's HPI in January 1976. Some states within 10 percent of their peak were Alaska, Colorado, Nebraska, New York, Oklahoma, Tennessee, Texas, and Wyoming. Home prices rose by 6.8 percent year-over-year and 2.3 percent month-over-month in April excluding distressed sales, according to CoreLogic. Home prices excluding distressed sales, which are normally discounted at 20 percent or more, actually appreciated at a lower rate month...

Outlook for Housing and Economy Remain Positive Despite Q1 GDP Contraction In its second of three estimates of real gross domestic product (GDP) growth for the first quarter released Friday , the U.S. Bureau of Economic Analysis ( BEA ) issued a downward revision of what analysts had already deemed "paltry" growth of 0.2 percent in the  advance estimate for Q1  reported at the end of April. According to the BEA's second estimate for Q1, which is based on more complete source data than were available for the advance estimate, the GDP contracted at an annual rate of minus 0.7 percent. Despite economic growth taking a step backward, the forecast for housing for the rest of the year remains positive, according to Fannie Mae SVP and chief economist Doug Duncan. New home sales increased by 6.8 percent in April up to 517,000 annualized units; the National Association of Realtors' Pending Home Sales Index has risen by 14 percent in the last 12 months; existing home s...

Freddie Mac eased its  U.S. Freddie Mac  rel conomic and Housing Market Outlook  for May today, revealing that low mortgage rates kept affordability high in the first quarter of this year for buyers, but housing markets probably will see interest rates increase for the rest of the year. The outlook credits market participants attempting to anticipate the Federal Reserve's timing around rising short term interest rates as the likely be the cause of the increase. “For the remainder of this year, we're likely to continue to see these mortgage rate swings as market participants try to anticipate Fed timing around rising short term interest rates,” said Len Kiefer, deputy chief economist at Freddie Mac. “Unfortunately, perspective homebuyers may experience bouts of affordability shock in many housing markets." Outlook Forecast: Due to weak first quarter data, revising down the forecast for economic growth for 2015 from 2.6 to 2.3 percent. With tight for-sal...

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The Only Way To Get Rich Fast In Real Estate is to sell a book about “The Easy Way To Get Rich In Real Estate”.  In reality, if you want a Get Rich Quick scheme, real estate is not your best bet.  Just for the record…there is NO Easy Way To Get Rich In Real Estate. You CAN however, purchase investment property, make money and increase your wealth over time.  Most real estate investments make very little money each month (over putting some money away for reserves) but make money in the long haul. There are some successful “flips”, but that takes a pretty substantial understanding of construction techniques and you should always be able to rent the property if need be.  Flips are doable, but take more capital, entail more risk and should only be attempted if you have experience. The goal of most Real Estate Investing is that you have someone else pay your mortgage and increase your equity in the subject property.  Over time, when you reach a certain loan t...

New Bank Foreclosure to be listed tomorrow. 902 S 59th Springfield Or. Huge 4 bed 2 bath manufactured on land with a full studio apartment over a large shop. Only $114k!!! Call Justin Thayer @ 541-543-7287 Find out more information about buying foreclosure properties. Click the TeamThayer.com link below. www.teamthayer.com

Real Estate is similar to most other industries in that your professional must be licensed in the state they are doing business, so how can your friend or family member who may be over 2,000 miles across the country help you find an ethical, trust-worthy agent to represent your best interest? The answer is easy! Ask for a referral. We all want to do 'good business'. Part of good business is trusting who those close to us have trusted in the past. Most agents take referrals very seriously. We work hard and strive to pro-actively build a strong network of agents across the country and around the globe. We know we live in a mobile society and we can't be bound to just one geographic location, but we also can't realistically be licensed and service everyone in every state.  Here at the Greenleaf-Elving Group, we dedicate several hours each week just to agent outreach and networking. When we travel, we reserve time to meet the agents and office managers in that...

There are many reasons why a home is not selling. Some reasons carry more weight than others. Here are 7 common reasons why your home isn't selling. Who is your Sales professional?   Every real estate market has hundreds or even thousands of real estate agents in their respective board. Just like “no two people are alike,” “no two real estate agents are alike!” Every real estate agent has different ways of communicating, how responsive they are, how they negotiate, their energy level, and many other characteristics that differentiate one agent from another. Selecting the “right” real estate agent to sell your home is a vital part of whether a home will sell. Both their budget as well as mastery of  negotiation & marketing makes such a huge difference.  What is the Marketing  Plan?  According to the National Association of Realtor's, 92% of home buyers use the internet for their home search. Is it important to have a real estate agent who is...

Understanding The FHA Short Sale A homeowner may be eligible for an FHA short sale if the hardship of seller is determined by the HUD. The government has its involvement in short sale so almost all the FHA short sale falls under the Housing and Urban Development guidelines. A short sale may be tricky and confusing to understand for agent and sellers.  Below given tips may be helpful to understand the FHA short sale. FHA Short Sale Guidelines If the short sale is on the short track to nowhere, then there are chances that it is stuck in the FHA waterfall. FHA may want to look for loan modification possibilities. Your FHA short sale process will be much faster if your loan modification was rejected. The home is identified as 1 to 4 units. This means a duplex or fourplex can qualify for the FHA short sale, but a 5-unit apartment building cannot. Vacant houses are not allowed to be renting out more than eighteen months.  A variance must be obtained to proceed th...

Say happy work anniversary! Justin Thayer 10 years this April Key Realty Group, LLC Like ( 1 ) Say congrats ( 8 ) 3d ago   Doug Hall   Congrats Justin!!! 3d ago Ron Nix   Congratulations! 2d ago Larry Go Ducks Newby   Congrats! 2d ago Mike Grudzien, MS (1,500+)   Congrats! 2d ago Becky Shiffer   Congratulations! 2d ago Cynthia Howard   Justin: Congrat's on being at Key Realty Group! We at Key Realty Group are so happy to have you here. Your expertise in REO's is invaluable! 2d ago Bob Barnard   Congrats! 2d ago Luke Rabun   Congratulations, Justin! Remember Oregon Home Inspections when you need your next home inspected. www.orhomeinspections.com 2d ago LOOKING FOR A NEW HOME? Click ON THIS LINK:   www.teamtahyer.com