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  • Keller Williams Realty Portland Premiere - The Clark Group Blog

    Thursday, January 18, 2018   /   by Peter Clark

    Looking to Buy a Home in 2018 and Don’t Know Where to Start? Here’s a Few Tips

    January 18, 2018 by jonkurahara



    Are you a renter that has become tired of paying someone else’s mortgage and not building any equity? Or a homeowner who has a growing family and is in need of more space? Whatever the case, if you are in the market for a new home there is no time like the present. Let’s explore a few tips that will help you to prepare for the home buying experience.
    Tip #1: Prepare For A Busy Spring Season
    First, it should be pretty obvious that you aren’t the only house hunter on the market. Other local individuals and families alike will be searching for a new house to call their own. As you may know, the spring is generally when the local real estate market starts to heat up. So, if you are looking to buy, you may want to address your needs earlier in the spring rather than later. The sooner you can get the paperwork signed, the less of a chance you end up in a bidding war.
    Tip #2: Mortgage Rates May Be Trending Up
    While this ...

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    Thursday, December 28, 2017   /   by Calvin Lown

    10 Housing and Mortgage Trends to Watch for in 2018

    10 Housing and Mortgage Trends to Watch for in 2018


    The housing picture is likely to improve in 2018:





    Home prices are expected to climb, but not as fast






    More houses could be for sale toward the end of the year, giving home buyers a greater selection to choose from






    Homeowners will have more equity to borrow from





    Yet in other ways, 2018 might continue to be challenging, especially for home buyers. Mortgage rates are likely to rise, reducing affordability.


    Here are 10 housing and mortgage trends to expect in 2018.


    1. Home prices decelerate


    Good news for first-time home buyers: Home-price appreciation is expected to cool down in 2018 after a torrid couple of years.


    Home prices rose 6.3% in 2016, according to the Federal Housing Finance Agency. They’re on track to exceed 6% in 2017, too. But for next year, the median forecast among six industry and lender groups is for a 4.1% increase in existing h ...

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    Wednesday, December 06, 2017   /   by Calvin Lown

    Your buying power is dropping as the rates go up! Now is most certainly the time to buy!

    Fed rate hike is expected next week and three more increases are expected in 2018: Reuters poll





    The U.S. Federal Reserve is almost certain to raise interest rates later this month, according to a Reuters poll of economists.






    A majority of economists now expect three more rate increases next year compared with two when surveyed just weeks ago.






    Most economists surveyed said tax cuts were not necessary and the passage of the bill means the forecast risks have shifted toward higher rates, and faster.





    The U.S. Federal Reserve is almost certain to raise interest rates later this month, according to a Reuters poll of economists, a majority of whom now expect three more rate rises next year compared with two when surveyed just weeks ago.


    The results, from a survey taken just before the U.S. Senate voted to pass tax cuts that are expected to add about $1.4 trillion to the national debt over the next decade, show economists were alrea ...

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    Friday, December 01, 2017   /   by Calvin Lown

    6 Ways to Build Your Home Equity (and Savings) Faster

    6 Ways to Build Your Home Equity (and Savings) Faster


    A home purchase brings together so many things under one roof: dreams, shelter, status, maybe a passport to better schools and neighborhoods. And one more thing: It gives you a forced savings account.


    It does that by letting you build home equity, which is the difference between your home’s market value and what you owe on it. Your equity increases with each house payment you make. When home prices rise, your equity grows faster as your home’s value increases.


    Stockpiling home equity gives many savers an exceptional feeling of satisfaction. Those forced savings also are a mighty resource to tap if you’re hit with an unexpected expense or want a boost on one of life’s milestones, like helping a kid through college or upgrading the home.


    For these big life expenses, you can draw on your equity with a home equity loan or line of credit. The secret& ...

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    Thursday, November 09, 2017   /   by Alex Clark

    Invest or Pay Off Your Mortgage? How to Decide

    Invest or Pay Off Your Mortgage? How to Decide


    Should you invest extra cash or use it to pay off your mortgage?


    It’s a heated debate that rivals French press versus pour-over coffee and “Star Wars” or “Star Trek.” But while all three topics might get passionate believers on both sides all worked up, investing or paying off your mortgage is a choice with serious financial consequences.


    Here’s how to know which way to go.


    The six variables to consider


    To decide between the two, Justin Goodbread, a certified financial planner in Knoxville, Tennessee, suggests you consider six variables:





    Your home’s current market value






    Your mortgage interest rate






    Home appreciation in your area






    Your income tax rate






    Expectations for inflation






    An assumed rate of investment return





    In an analysis on his blog, Financially Simple ...

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