How Homeownership Is Life Changing for Many Women

How Homeownership Is Life Changing for Many Women

 

 

Throughout Women’s History Month, we reflect on the impact women have in our lives, and that includes impact on the housing market. In fact, since at least 1981, single women have bought more homes than single men each year, and they make up 17% of all households.

Why Is Homeownership So Important to Women?

The rise in women pursuing homeownership hasn’t just made an impact on the housing market. It’s also been an asset for those buyers and their households. That’s because homeownership has many benefits, both financial and personal.

On the financial side, housing proves to be the key to building wealth for single women. Ksenia Potapov, Economist at First Americansays:

“For single women, housing has always made up a large share of total assets. Over the last 30 years, the average single woman’s wealth has increased 88% on an inflation-adjusted basis, from just over $142,000 in 1989 to $267,000 in 2019, and housing has remained the single largest component of their wealth.”

The financial security and independence homeownership provides can be life changing, too. And when you factor in the personal motivations behind buying a home, that impact becomes even clearer.

A recent report from the National Association of Realtors (NAR) shares the top reasons single women are buying a home right now (see chart below):

Bottom Line

Homeownership can be life changing no matter who you are. Work with a local real estate agent today to talk about your goals in the real estate market.

Feb. 27, 2024

The Ultimate Neighborhood Guide To Twin Creeks, Central Point

THE ULTIMATE NEIGHBORHOOD GUIDE TO TWIN CREEKS, CENTRAL POINT

If you're considering Twin Creeks in Central Point as your new home, we'll explore what it's like living in this residential subdivision, including what draws people to the area, things to do when living in Twin Creeks and more. Central Point, Oregon, is a small city located in Jackson County. With a population of approximately 18,000 residents, it offers a tight-knit community feel and a range of amenities. Situated in the beautiful Rogue Valley, Central Point boasts stunning natural landscapes and outdoor recreational opportunities. The city is conveniently located near Interstate 5, making it easily accessible for travelers. Here are the reasons why we believe that Twin Creeks in Central Point could be the ideal option for your move!

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Posted in News
Jan. 26, 2024

Your Ultimate Guide To Living In Ashland, Oregon

Your Ultimate Guide To Living In Ashland, Oregon

Surrounded by awe-inspiring landscapes, Ashland, Oregon, boasts a captivating blend of natural beauty and small-town charm that makes it an irresistible destination for those seeking a serene and welcoming community. Tucked into the heart of the Rogue Valley and a mere 30-minute drive from the California border, Ashland offers a picturesque setting for a life filled with warmth and genuine connections. 

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Posted in News
Dec. 18, 2023

Revealed: The Top 3 Areas To Live In Phoenix, Oregon

Revealed: The Top 3 Areas To Live In Phoenix, Oregon

Phoenix offers a variety of attractive neighborhoods to suit different preferences and lifestyles. In this article, we'll reveal the best neighborhoods in Phoenix, Oregon to live in, based on factors such as amenities, commute time, cost of living, employment opportunities, housing options, and education. Let’s explore the top three neighborhoods that make Phoenix an ideal place to live and discover the one for you!

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Posted in News
Nov. 28, 2023

Ranked: The Top 7 Schools In Medford, Oregon

top 7 schools medford oregon

Medford, Oregon, a city located in the southern region of the state, is not only known for its scenic beauty and vibrant community but also for its commitment to education. With a diverse population and a thriving cultural scene, Medford stands out as a place where learning and growth are highly valued. 

In this blog, we take a closer look at the educational landscape of Medford, unveiling the top 7 schools that make a difference in the lives of students and the community. Whether you're a parent seeking the best educational options for your child or simply curious about the academic excellence in Medford, join us as we explore and rank the top schools that contribute to this city's educational excellence.

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Posted in News
Oct. 30, 2023

The Definitive Guide To Living In Grants Pass, Oregon

Livinng In Grants Pass Oregon

Nestled within the picturesque landscapes of Josephine County, Grants Pass is a charming city, inviting you to explore the heart of Southern Oregon. Located along the banks of the majestic Rogue River and conveniently situated on Interstate 5, just northwest of Medford, Grants Pass is a community with a population of just under 40,000. It's a place where small-town charm meets big-time potential, making it a beautiful and ever-growing community.

Whether you're contemplating a move to this tranquil city or are already a proud resident, this blog is your go-to resource for insights into life in Grants Pass, offering invaluable information and tips to help you make the most of your experience in this thriving Oregon gem.

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Posted in News
April 5, 2023

Get Ready: The Best Time To List Your House Is Almost Here

Get Ready: The Best Time To List Your House Is Almost Here

Get Ready: The Best Time To List Your House Is Almost Here

 

If you’re thinking about selling this spring, it’s time to get moving – the best week to list your house is fast approaching.

Experts at realtor.com looked at seasonal trends from recent years (excluding 2020 as an uncharacteristic year due to the onset of the pandemic) and determined the ideal week to list a house this year:

“Home sellers on the fence waiting for that perfect moment to sell should start preparations, because the best time to list a home in 2023 is approaching quickly. The week of April 16-22 is expected to have the ideal balance of housing market conditions that favor home sellers, more so than any other week in the year.

If you’ve been waiting for the best time to sell, this is your chance. But remember, before you put your house on the market, you’ve got to get it ready. And if you haven’t started that process yet, you’ll need to move quickly. Here’s what you should keep in mind.

Work with an Agent To Determine Which Updates To Make

Start by prioritizing which updates you’ll make. In February, realtor.com asked more than 1,200 recent or potential home sellers what updates they ended up making to their house before listing it (see graph below):

 

As you can see, the most common answers included landscaping and painting. Work with a trusted real estate agent to determine what projects make the most sense for your goals and local market.

If Possible, Plan To Have Your House Staged

Once you’ve made any necessary repairs and updates to your house, consider having it staged. According to the National Association of Realtors (NAR), 82% of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home. Additionally, almost half of buyers’ agents said home staging had an effect on most buyers’ view of the home in general. Homes that are staged typically sell faster and for a higher price because they help potential buyers more easily picture their new life in the house.

Bottom Line

Are you ready to sell this spring? Contact a real estate agent to plan your next steps. You can start by making a checklist of what you think your house needs to get ready. Then, we can work together to prioritize your list and move forward together.

Posted in News
March 29, 2023

How Homeownership Is Life Changing for Many Women

How Homeownership Is Life Changing for Many Women

How Homeownership Is Life Changing for Many Women

Throughout Women’s History Month, we reflect on the impact women have in our lives, and that includes impact on the housing market. In fact, since at least 1981, single women have bought more homes than single men each year, and they make up 17% of all households.

Why Is Homeownership So Important to Women?

The rise in women pursuing homeownership hasn’t just made an impact on the housing market. It’s also been an asset for those buyers and their households. That’s because homeownership has many benefits, both financial and personal.

On the financial side, housing proves to be the key to building wealth for single women. Ksenia Potapov, Economist at First Americansays:

“For single women, housing has always made up a large share of total assets. Over the last 30 years, the average single woman’s wealth has increased 88% on an inflation-adjusted basis, from just over $142,000 in 1989 to $267,000 in 2019, and housing has remained the single largest component of their wealth.”

The financial security and independence homeownership provides can be life changing, too. And when you factor in the personal motivations behind buying a home, that impact becomes even clearer.

A recent report from the National Association of Realtors (NAR) shares the top reasons single women are buying a home right now (see chart below):

Bottom Line

Homeownership can be life changing no matter who you are. Work with a local real estate agent today to talk about your goals in the real estate market.

Posted in Home Ownership
March 10, 2023

RE Colorado Market Stats March 2023

March 10, 2023

Equity Gains for Today’s Homeowners

Equity Gains for Today’s Homeowners

 

Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you’re a homeowner, your net worth got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates.

How Equity Has Grown in Recent Years 

Because of the imbalance between how many homes were for sale and the number of homebuyers in the market over the past few years, home prices appreciated substantially.

And while price appreciation has slowed this year, that doesn’t mean you’ve lost all the equity in your home. In fact, the latest Homeowner Equity Insights report from CoreLogic finds the average homeowner’s equity has grown by $34,300 over the past year alone.

And if you’ve been in your home longer than that, chances are you have even more equity than you realize.

While that’s the national number, if you want to know what happened in your area, look at the map below from the Federal Housing Finance Agency (FHFA). It shows on average how much home prices have risen over the past five years, which has been a major driver behind equity growth.

Equity Gains for Today’s Homeowners | Simplifying The Market

 

Why This Is So Important Right Now 

While equity helps increase your overall net worth, it can also help you achieve other goals, like buying your next home. When you sell your current house, the equity you’ve built up comes back to you in the sale, and it may be just what you need to cover a large portion – if not all – of the down payment on your next home.

So, if you’ve been holding off on selling, it may be time to find out how much equity you have and how it can help fuel your next move.

Bottom Line

Homeownership is a long game, and if you’re planning to make a move, the equity you’ve gained over time can make a big impact. To find out just how much equity you have in your current home and how you can use it to fuel your next purchase, connect with a local real estate professional.

Posted in Home Ownership
March 9, 2023

Southern Oregon Market Stats Feb

Southern Oregon Market Stats

Dec. 1st, - Feb. 28th 2023

 

By Jake Rockwell

The pendulum has started to swing. When we look at the numbers it looks surprising at first glance, with number of homes sold dropping from 627 to just 286, it hard to not feel alarmed. However, remembering that this time last year was such a momentous time where typical market conditions that effect the winter month, just didn't seem to take hold at all. As the market shifts back down to normalcy, its important to remember not to necessarily look at just a year over year comparison but that last year was an anomaly in of itself. Apart from 2022, looking at the numbers in 2019 the number of homes sold was 487 during the same time frame. However the sales price has changed since then going from $278,250 to $391,250. 

When you compare this year to last on the median sales price it has gone down from $408,250 to $391,250, and overall most areas throughout Jackson County have started to trickle down on pricing. This is of course, due to the fed hiking interest rates in an effort to combat inflation. It seems to be working as pricing is coming down a bit and might me a sweet spot coming up for buyers where the interest rates may also come back down on a home that the prices have already fallen on. 

 

 

Links to Stats:

 

 

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