The Latest Statistics for the Real Estate Market

home prices united states

Home prices continue to rise across the United States and homeowners are excited especially since at the start of this year it was expected that home prices would start to decline due to the Federal Reserve tapering but that has not happened yet.

Year-Over-Year Gains

Home prices showed some significant gains year over year In February with 12.2% gains and the housing market is expected to show significant gains for March as well of at least 10.5 % once last month’s figures for the Real Estate market are finally in.

24 Months of Gains

The encouraging figures as reported this week by CoreLogic also show us that in total we’ve enjoyed increases in home prices for 24 months and home prices are expected to continue to appreciate as we move into the spring and summer months.

2014 Projections on Track

Thanks to the CoreLogic data we also know that other segments of the housing market are expected to continue improving including the shrinking of distressed home sale inventory and foreclosures.

Oregon has shown the highest increases in home values over recent months including a 13.8% increase in home appreciation in February including a three month gain in home values of 2.2% which ranks Oregon as one of the best states for home appreciation in 2014 along with Nevada, California, Michigan and Georgia.

Are You Planning On Buying Or Selling In 2014?

It doesn’t matter if you’re planning on buying or selling a home in 2014, you need an experienced Bend Oregon Realtor who can help you with all of your Real Estate needs.

To learn more about the latest Real Estate statistics or to talk with me about what it will take to buy or sell a home in Bend contact me today.

Call me at (541) 383-1426 or click here to contact me through my website.

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Positive Real Estate News for Q3

jason boone bend oregon realtor

Thinking about buying a home in Bend Oregon? Call me for a free consultation at (541) 383-1426.

Thanks to recent data that was released by HOPE NOW we know that 181,000 homeowners across the United States have received some sort of permanent modification of their mortgage loans from July through September of this year.

Breaking down The Numbers

Out of the 181,000 completed loan modifications from the Q3 of 2013, close to 140,000 of those loan modifications were proprietary loan modifications and 45,136 homeowners received their loan modifications thanks to the Home Affordable Modification Program (HAMP).

Homeowners Getting Back On Track

There’s no denying that homeowners took a huge hit after the Real Estate market crashed in 2007 but one of the encouraging statistics that HOOPE NOW has showed us is that because of the HAMP program, there have been close to 7 million permanent loan modifications; 5.4 million of those loan modifications were proprietary and 1,268,635 were completed under the HAMP program. That’s millions of homeowners who would have lost their homes due to short sale or foreclosure had it not been for some type of loan modification.

Short Sale Statistics

In Q3 of 2013 there were also close to 70,000 short sales across the United States and 19,000 of those were finalized in the month of September alone most likely because of the urgency that underwater homeowners felt at not being able to benefit from the mortgage debt forgiveness act should it expire on 12/31/13.

Foreclosures Starts Declining

More good Real Estate news to report is that foreclosure starts were down by ten percent in Q3 when compared with Q2.

As we move into the final weeks of 2013 the Real Estate market continues to remain strong in Bend Oregon and across the United States as homeowners who continued to hang on over the last six years are finally able to rebuild equity in their homes while home buyers who sat on the sidelines have been able to finally purchase the homes of their dreams.

For more information on the 2013 Real Estate news, or to view the latest Bend Oregon Homes for Sale, contact me today by calling (541) 383-1426.

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