Keller Williams Mid Willamette real estate agent

Keller Williams Mid Willamette real estate agent
Steve Frisbie is a licensed real estate agent in the State of Oregon. REALTOR®. Equal Opportunity Housing Provider. Each office is independently owned and operated.

Tuesday, June 11, 2019

Majestic Falls and Royal Terrace Falls outside of Lebanon, Oregon...

Went for a nice little hike at McDowell Creek Falls park outside of Lebanon on an overcast Memorial day.  Here's Royal Terrace falls and Majestic Falls. It's just short of a two mile loop to do both sets of falls if you do the full loop, probably a bit over half that if you go the shorter route to the bottom of both falls. 
This is my first attempt at video from the phone on the blog, I need to figure out a way to up the quality.  Oh well.

Home ownership can help increase wealth.....

How Homeownership Delivers Unsurpassed Family Wealth

How Homeownership Delivers Unsurpassed Family Wealth | MyKCM

There are many financial benefits to homeownership, but probably none more important than its ability to create family wealth.
How Housing Matters is a joint project of the Urban Land Institute and the MacArthur Foundation. It is an online resource for research and information on how homeownership contributes to individual and community success.
Their article, The First Rung on the Ladder to Economic Opportunity Is Housing, explains the importance of homeownership to a family’s financial health. In that article, they simply stated:
“The ladder to economic success can stretch only so high without the asset-building power of homeownership.”
To this point, National Association of Realtors’ (NAR) Economists’ Outlook Blog revealed in a recent post:
“Housing wealth contributes positively to the homeowner’s and children’s economic condition, because home equity can be tapped for expenditures such as investing in another property (which can generate rental income), home renovation (which further increases the home value), a child’s college education, emergency or major life events, or expenses in retirement…
Housing wealth (or net worth or equity) is built up over time via the home price appreciation and the principal payments that the homeowner makes on the loan.”
Here is a graph showing the build-up of wealth over time:How Homeownership Delivers Unsurpassed Family Wealth | MyKCMJust last month, NAR’s Chief Economist, Lawrence Yun, explained that even though home appreciation has slowed, homeowners are still building wealth:
“Homeowners in the majority of markets are continuing to enjoy price gains, albeit at a slower rate of growth. A typical homeowner accumulated $9,500 in wealth over the past year.”

Later in life, this wealth is crucial…

This wealth is important to a family’s retirement plans. In a recent report from the Joint Center for Housing Studies at Harvard University titled, Housing America’s Older Adults 2018, they revealed that a renter 65 years old or older has a net worth of $6,710. Meanwhile, a homeowner 65+ years old has a net worth of $319,200. That huge difference will allow for a dramatic upgrade in one’s lifestyle during your retirement years.

Bottom Line

Homeownership builds wealth. This, in turn, allows families to have more and better options when it comes to their children and their life in retirement.

Tuesday, April 2, 2019

A few pictures from the Lewisburg Saddle hiking area outside of Corvallis...

Hi there.  I hadn't posted in a while, got kind of busy during the holidays and got away from paying attention to the blog.  Time to get started up again.

Here's a few quick photos from the Lewisburg Saddle. It's just north of Corvallis, literally about 5 minutes from Crescent Valley High School. Just head west on Lewisburg road, turn right on Sulphur Springs road then head uphill to the top and you are there. They have three parking areas up there and the place has several hiking trails you can access from the main entrance.


I went there a few times last year, then I started going back up there this winter to hike in the snow.  When you see snow on the hills on the north side of Corvallis, this is a great place to access for a snowy walk.  Just make sure to wear some shoes with good tread, it can get a bit slick and icy if things melt and re-freeze.

This is a great place to walk to get started back on  hiking. There are several logging roads, it's part of Mac Forest (a lot of research is done there),  and there are other trails that split off the main logging roads to hike.  Right now I'm kinda starting over for the year and I've been doing the new growth and old growth trail loops that cross each other. They are fairly mild hiking trails but I'm still huffing pretty good (although I'm improving every week). Once those are easy I'm going to look for some more challenging trails to do with Pat.

Homebuyers Shouldn’t Worry About 2008 All Over Again



Last week, realtor.com released a survey of active home shoppers (those who plan to purchase their next home in 1 year or less). The survey asked their opinion on an impending recession and its possible impact on the housing market.
Two major takeaways from the survey:
  • 42% believe a recession will occur this year or next (another 16% said 2021)
  • 59% believe the housing market would fare the same or worse than it did in 2008

Why all the talk about a recession recently?

Over the last year, four separate surveys have been taken asking when we can expect the next recession to occur:
  1. The Pulsenomics Survey of Market Analysts
  2. The Wall Street Journal Survey of Economists
  3. The Duke University Survey of American CFOs
  4. The National Association of Business Economics
70% of all respondents to the four surveys believe that a recession will occur in 2019 or 2020 with an additional 18% saying 2021.
However, we must realize that a recession does not mean we will experience another housing crash. According to the dictionary definition, a recession is:
“A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.”
During the last recession, a dramatic fall in home values helped cause it.
However, according to research done by CoreLogic, home values weren’t negatively impacted as they were in 2008 during the previous four recessions:
Homebuyers Shouldn’t Worry About 2008 All Over Again | MyKCM
During the four recessions prior to 2008, home values depreciated only once (at a level that was less than 2%). The other three times home values appreciated, twice well above the historic norm of 3.6%.

Bottom Line

If there is an economic slowdown in our near future, there is no need for fear to set in. Most experts agree with Ralph McLaughlin, CoreLogic’s Deputy Chief Economist, who recently explained that there’s no reason to panic right now, even if we may be headed for a recession.
“We’re seeing a cooling of the housing market, but nothing that indicates a crash.”

Friday, December 7, 2018

How has the use of Home Equity Line of Credit changed between now and 10 years ago?

2008 vs. Now: Are Owners Using Their Homes as ATMs Again?


Saturday, December 1, 2018

Here's some of the latest Home price statistics.....

Home Prices Up 6.34% Across the Country! [INFOGRAPHIC]


Thursday, November 29, 2018

Is there a best time of year to buy or sell a home???

24% of Renters Believe Winter is the Best Time to Buy a Home

It appears the housing market is trending back to normal in many areas of the country....

Further Proof It’s NOT 2008 All Over Again

Tuesday, November 20, 2018

Single women account for almost one out of five home purchases....



Females Are Making It a Priority to Invest in Real Estate!

What are the reasons for this demographic’s booming interest in homeownership?

Are they only downsizing and buying small homes?

Bottom Line


Thursday, November 15, 2018

Have you ever been in the military or National Guard or Reserves? You just might qualify for a no money down VA loan....

VA Home Loans by the Numbers [INFOGRAPHIC]

Are your wages heading higher? If so, a new home just may be a bit more affordable....

Wage Increases Make Home Buying More Affordable

Tacovore is coming to Corvallis!


Looks like Corvallis is getting yet another good taco joint. There are several in town that I really like. This business is one of the better taco places in Eugene and is expanding into Corvallis to the old Dairy Queen location by Winco off of Walnut.

It's nice to see the empty building coming back into use. I'm pretty sure this has been in the works since last year and they've been waiting on permits or other things. It looks to be getting close to opening.

  Later,

   Steve

My real estate website: www.propertybysteve.com