Real Estate Information Archive


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2015 The Year of Housing Opportunity

by Mark Rieger, Mark Rieger Realty

HUD: ‘2015 Is Year of Housing Opportunity’

Housing and Urban Development Secretary Julian Castro sees big opportunity in the housing market this year, with the easing of credit opening the door to more buyers.

The Opening of Opportunity?

3% Down Payments May Be Game Changer

FHA Lowers Its Harangued Mortgage Costs

Smaller Down Payments Lure More Buyers

“I see 2015 as the year of housing opportunity, particularly home ownership,” Castro told CNN’s Christine Romans. “A good example of that is the reduction in the FHA mortgage premium.”

Castro points to the recent move of the Federal Housing Administration, which reduced its insurance premiums from 1.35 percent to 0.85 percent. The reduction is expected to amount to about $900 per year for borrowers. Castro says the reduction in premiums will likely spur a quarter of a million more home buyers in the next three years.

“That’s a real impact,” he says.

Also in expanding credit, mortgage financing giants Fannie Mae and Freddie Mac recently announced they will allow first-time home buyers to qualify for loans with down payments as low as 3 percent. 

But as some lenders loosen their access to credit, could this brew another housing bubble?

“A few years ago, it was too easy to get a home loan,” Castro says. “Now we’ve swung to the other extreme – now it’s too hard.”

Castro says that even former chairman of the Federal Reserve Ben Bernanke made public remarks a few months ago that he was struggling to qualify for refinancing his mortgage due to the tight lending standards.  

“We need to be in the strong middle – where we have strong safeguards in place but at the same time also a robust opportunity for folks who are responsible and ready to won a home to be able to get a mortgage,” Castro says.

Source: “2015: The Year to Buy a House,” CNNMoney (Feb. 2, 2015)

Tips For Selling Your Home Fast

by Mark Rieger, Mark Rieger Realty

Perhaps you’re underwater in your home, or maybe you’ve received a great job offer out of state, or you have an adjustable rate mortgage that’s about to rise. Whatever the reason, you need to Sell your home fast.


Here are five tips to lure more buyers in and Sell your home at the highest price possible:


  1. Hire a Real Estate agent. If you need to Sell your home fast, you need a professional that knows exactly how to do that. A Real Estate agent can help you assess what your home and your listing needs to stand out on the market. An agent will help you price your home accordingly and try to get you the most money for your house.
  2. Take professional-quality photos. Most homebuyers will start their home search online and will make many judgments based on the quality of the photos they see. Rent a wide-angle lens or have a professional photographer come take photos of your home. Lots of high quality photos on a bright, sunny day will make your home look bigger and more inviting.
  3. Stage your home. Homes that are professionally staged Sell faster and for more money than homes that are not. Homebuyers want to picture themselves living in your home. They don’t want to see how you live in your home. Remove photos, knick knacks, personal items, and clutter. Arrange furniture in a way that promotes a good flow when showing the home. A professional stager can be a great resource to help sell your home quickly.
  4. Include incentives for the buyer. Consider paying closing costs or prepay taxes. Include appliances or furniture with the home. Be creative. Offer to pay for landscaping or maid services, install a new security system, etc.
  5. Hire a professional cleaning service and/or professional organizer before showing your home. Having a sparkling clean, clutter-free home is a low-cost way to help present your home at its best and draw more interest. It will generally only take one day for a cleaning service to make your home look its cleanest.

If you are looking to Sell your central Oregon home, or looking to Buy one instead, I am here to help you. Give me a call today for a no obligation consultation.

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