Purchasing a home is one of the biggest decisions a person can make during their lifetime. After all, where you live determines many factors about your life, including where you work, worship or even send your children to school.
As back to school season approaches, a recent report from the National Association of REALTORS highlights the different purchasing and selling habits of Americans, revealing that a significant share root their home purchasing decisions in school district quality.
“Parents inherently make sacrifices for their children and family, and that is no different when shopping for a home,” NAR chief economist Lawrence Yun said. “Of course, affordability is a part of the decision, but we have seen buyers with kids willing to spend a little more in order to land a home in a better school zone or district.” 
According to the company, the starkest difference between homebuyers that have children under the age of 18 and those who do ...

Oregon’s statewide rent control legislation has stirred discussion at the Legislative level up and down the west coast. Windermere’s Chief Economist, Matthew Gardner, says Oregon’s law is really more a rental price stabilization tactic and weighs in on whether other states are likely to adopt similar regulation.

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Cheers,

The Hebert McMahon Realty Group 

Once your offer on your dream home is accepted, it doesn't mean you can just grab the keys and move in. If you need a mortgage, securing this home loan takes time. The good news is that it's faster now than ever.
According to a recent three-year study by LendingTree, the length of time it takes to get a mortgage—aka closing—is an average of 40 days in 2019. That's down from 51 days in 2018, and 74 days in 2017.

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The Hebert McMahon Realty Team

Over the past few months we’ve seen a fairly significant drop in mortgage rates that has been essentially driven by geopolitical uncertainty - mainly caused by the trade war with China and ongoing discussions over tariffs with Mexico.
 
Now, mortgage rates are based on yields on 10-Year treasuries, and the interest rate on bonds tends to drop during times of economic uncertainty.  When this occurs, mortgage rates also drop.
 
My current forecast model predicts that average 30-year mortgage rates will end 2019 at around 4.4%, and by the end of 2020 I expect to see the average 30-year rate just modestly higher at 4.6%.

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Cheers,

The Hebert McMahon Realty Team

If you were behind the curve this spring, or you’re only now ready to start the homebuying process, you may be able to take advantage of the lighter market that’s classic in the second half of summer, when many buyers and sellers are more focused on family vacations than the housing market.
 
Late summer house hunting really comes down to less buyers means less interest and less competition on a specific home and potentially less bids on a property.
 
Here are five reasons to take advantage of late summer when buying a home: Click Here

Cheers,
The Hebert McMahon Realty Group