Portland Area Home Sales | Worried About Home Maintenance Costs? Consider This
Peak Realty Blog
by Peak Realty
11h ago
If one of the main reasons you’re hesitant to buy a home is because you’re worried about the upkeep, here’s some information you may find interesting on both new home construction and existing homes (a home that’s been lived in by a previous owner). Newly Built Homes Need Less Upfront Maintenance If you can afford it, you may find a newly built home could help ease your worries about maintenance costs. Think about it, if everything in the house is brand new, it won’t have the wear and tear you may see in an existing home – and that means it’s less likely to need repairs. A ..read more
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Portland Area Home Sales | What’s Next for Home Prices and Mortgage Rates?
Peak Realty Blog
by Peak Realty
11h ago
If you’re thinking of making a move this year, there are two housing market factors that are probably on your mind: home prices and mortgage rates. You’re wondering what’s going to happen next. And if it’s worth it to move now, or better to wait it out. The only thing you can really do is make the best decision you can based on the latest information available. So, here’s what experts are saying about both prices and rates. 1. What’s Next for Home Prices? One reliable place you can turn to for information on home price forecasts is the Home Price Expectation ..read more
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Portland Area Home Sales | Should I Rent or Buy a Home? [INFOGRAPHIC]
Peak Realty Blog
by Peak Realty
3d ago
Some Highlights While renting may be less expensive in some areas right now, there are two big benefits homeownership provides that renting can’t. ​ Owning a home means you get to say goodbye to rising rents and hello to stability. It also gives you the chance to gain equity as home values rise over time. If you’re ready to learn more about the perks of owning a home, let’s chat.  Source: https://www.simplifyingthemarket.com/en/2024/05/17/should-i-rent-or-buy-a-home-infographic?a=365763-dcb30e2e7daccff551cc8d8ee31934af  ..read more
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Portland Area Home Sales | Two Benefits of Buying a Home over Renting
Peak Realty Blog
by Peak Realty
3d ago
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Portland Area Home Sales | The Number of Homes for Sale Is Increasing
Peak Realty Blog
by Peak Realty
3d ago
There’s no denying the last couple of years have been tough for anyone trying to buy a home because there haven’t been enough houses to go around. But things are starting to look up. There are more homes up for grabs this year. The graph below uses the latest data from Realtor.com to show in April 2024 there were more homes for sale than there were over the last few years (2021-2023):   As Realtor.com explains: “There were 30.4% more homes actively for sale on a typical day in April compared with the same time in 2023, marking the sixth consecutiv ..read more
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Portland Area Home Sales | Why a Condo May Be a Great Option for Your First Home
Peak Realty Blog
by Peak Realty
6d ago
Having a hard time finding a first home that's right for you and your wallet? Well, here's a tip – think about condominiums, or condos for short. They're usually smaller than single-family homes, but that's exactly why they can be easier on your budget. According to the latest data from the National Association of Realtors (NAR), condos are typically less expensive than single-family homes (see graph below): So, if you're comfortable with a smaller space and want to buy your first home this year, adding condos to your search might be easier o ..read more
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Portland Area Home Sales | Thinking of Selling? You Want an Agent with These Skills
Peak Realty Blog
by Peak Realty
6d ago
Selling your house is a big decision. Your home is one of the biggest investments you’ve probably ever made, and it’s a place where you’ve created countless memories. That combo means there’s going to be a lot of emotions involved. You want someone who understands your perspective, knows what it feels like, and is an expert at helping homeowners just like you navigate the process of selling a home. That’s where a good listing agent, also known as a seller's agent, comes in. Here are just a few skills you’ll want your agent to have. The Ability To Turn Something C ..read more
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Portland Area Home Sales | Home Prices Are Climbing in These Top Cities
Peak Realty Blog
by Peak Realty
6d ago
Thinking about buying a home or selling your current one to find a better fit? If so, you might be wondering what's going on with home prices these days. Here's the scoop. The latest national data from Case-Shiller and the Federal Housing Finance Agency (FHFA) shows they’re going up (see graphs below): As you can see, home prices were rising for most of 2023. But over the course of December and January, they were virtually flat – which is pretty normal for that time of year. But here's what you need to know now. As of February, when ..read more
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Portland Area Home Sales | The Sun Is Shining on Sellers This Summer [INFOGRAPHIC]
Peak Realty Blog
by Peak Realty
6d ago
Some Highlights If your needs have changed, now’s a great time to sell and get the features you want most. Many buyers are eager to move between the school years, so you may see a faster sale, multiple offers, a higher final sales price, and more. If you want to get your house ready for a summer listing, let’s connect. Source: https://www.simplifyingthemarket.com/en/2024/05/10/the-sun-is-shining-on-sellers-this-summer-infographic?a=365763-dcb30e2e7daccff551cc8d8ee31934af  ..read more
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Portland Area Home Sales | The Sun Is Shining on Sellers
Peak Realty Blog
by Peak Realty
6d ago
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