Southern Oregon Coast Real Estate and Community News

 

July 8, 2016

Tiny Kitchen?

Maximize Your Tiny Kitchen

Everyone wants a great kitchen. One of the most enjoyed spaces in the home, the kitchen is used for cooking, gathering, and entertaining. However, a great kitchen doesn't necessarily have to mean a large one. Below are a handful of tips to help you make use of every nook in your kitchen.

Make use of walls. Instead of hanging pictures on your kitchen walls, hang your pots and pans. You can even find great fixtures to hang your plates and wine glasses from the ceilings or walls.

Add a mirrored backsplash. While you may not want to take up precious wall space with mirrors, a mirrored backsplash can add depth and girth to your room, making use of an area that would otherwise have no purpose.

Build up. Need more cabinet space? Look up! If your existing cabinets don't extend to the ceiling, you're wasting precious footage. Consider having additional cabinets built where you can store things you rarely use, like that crock pot that comes out once a year, or your holiday china.

Abolish clutter. Nothing cramps an already small space more than clutter, and a clean countertop can do wonders for a small space. Streamline your gadgets, sell or donate what you don't need, and store away what you don't use every day.

Light it right. A well-lit space can really open up your kitchen. Consider adding a skylight if possible, or add a bay window. For night-time, choose ambient lighting to create an airy, open feel after dark.

Posted in Home Ownership
May 16, 2016

April residential sales Coos County

Inventory crept up a smidgen to 6.9 months vs. 6.3 months the prior month, yet exactly the same (6.9 months) from a year ago.  455 active residential listings in Coos County, 141 new listings for April 2016, 96 pending sales.

 

66 closed (residential) vs. 77 same month in 2015, however a 13% gain in median sale price over a year ago

Posted in Real Estate News
April 18, 2016

maximize small kitchen

Five Ways to Maximize a Small Kitchen

A small kitchen can quickly become cluttered and feel cramped. According to Consumer Reports, a few small upgrades can make a big improvement. To maximize the space you have, rethink where you store things, especially if counter space is at a premium. Here are five additional ways to make every available inch count:

  1. Place your dishwasher strategically. Choose a location near the sink but where the dishwasher won't stop traffic when the door is open. Remember to think about access to other appliances, too. You don't want the dishwasher door to block the refrigerator door, for example.
  2. Incorporate a landing spot for food by the refrigerator and for pots and pans on at least one side of the stove. These small details can easily improve your kitchen's efficiency.
  3. Install roll-out cabinets where possible. A roll-out spice rack near the range is a great use of space and eliminates clutter on the countertop or in a cabinet.
  4. Drawers and pull-out shelves can make a big difference. They're a perfect way to store pots, pans, kitchen tools and even dishware. Most commercial cabinets can be outfitted with pull-out shelves and other organizers.
  5. Before making any updates, take an inventory of everything you need and use in your kitchen and where it's kept. Remember to plan storage for small, easily overlooked items such as pot holders and plastic bags.

Source: Consumer Reports Kitchen Planning & Buying Guide

Posted in Home Ownership
April 18, 2016

Storms

To weather severe storms, many homeowners rely on portable generators. If you’re one of them, brush up on these generator safety tips before the next storm strikes, courtesy of the experts at Generac.

NEVER run a generator indoors or in partly enclosed areas such as garages.

• Do not overfill the fuel tank. Always allow room for fuel expansion.

• Do not smoke near fuel or generator.

• Connecting a portable electric generator directly to your household wiring can be deadly to you and others. Home standby generators are a better option if you're looking for something to connect directly to household wiring.

• Only start or stop the generator when no electrical loads are connected.

• Overloading your generator can seriously damage your valuable appliances and electronics.

• The generator must be properly grounded. If the generator is not grounded, you run the risk of electrocution.

• Keep children away from portable generators at all times.

• Allow at least five feet of clearance on all sides of the generator when operating.
 
Source: Generac

Posted in Home Ownership
April 8, 2016

Real Estate Mortgage Rates

Investors have become more focused on central bankers than on economic data. Recent central bank actions and comments have been good for mortgage rates, as rates have fallen to near the best levels of the year.

The head of the International Monetary Fund (IMF) recently described the global economic recovery as “too slow, too fragile” and of questionable durability. Sharing this view, central bankers around the world are doing what they can to promote growth and inflation, including cutting rates and buying bonds. Their actions have been good for mortgage rates.

The European Central Bank’s (ECB) expanded bond purchase program has added demand for bonds, helping to push global bond yields lower, including U.S. mortgage-backed securities (MBS). Extremely low and sometimes negative, overseas rates have also added to the demand for U.S. MBS, as foreign investors look for better yields.

In addition, Fed Chair Janet Yellen’s most recent speech has been favorable for mortgage rates. In it, she laid out the case for the Fed to take a very gradual approach to tightening monetary policy.

The most recent economic data shows that the U.S. is faring better than most of the world. The ISM national services index increased to 54.5. Readings above 50 indicate an expansion in the sector. Job openings in the U.S. climbed to very high levels by historical standards. The rate at which workers voluntarily quit their jobs also rose. Both the level of job openings and the quits rate are consistent with an improving labor market.

Source: MBS Quoteline

Posted in Real Estate News
April 8, 2016

Common ways of measuring real estate inventory may not be a true picture

A thought;

a common way to measure the current inventory of homes it to compare the total number of homes on the the market vs. the numbers of home sales per month.   If a given area sells typically 20 homes a month, and there are currently 120 homes for sale, not only do you have a bunch of very hungry real estate agents (only 20 home a month!),  your inventory is 120 homes / 20 units sold per month = 6 months of inventory.

 

BUT, what is not taken into consideration on this equation is the number of households in a given area.  For example, if your community consists of 100 households, you wouldn't expect that 25% of the households would be guying a house every month to support that 20 homes sales per month, right? 

 

Since 2013 the numbers of sales per household has been fairly flat at 1.7%.  Population growth has slowed a bit off tend in the US, therefore the 1.7% is understated as the population growth which drives the number of households is below trend.  Even during the housing boom, the high was 3.5% (units for sold / # of households). (statistics per Econ70.com)

Posted in Real Estate News
March 25, 2016

FTC Consumer Scams

FTC Consumer Blog addresses Mortgage Phishing Scam

March 18, 2016

On March 18 the FTC Consumer Blog issued a post focused on hackers who have been breaking into some consumers’ and real estate professionals’ email accounts to get information about upcoming real estate transactions. After figuring out the closing dates, the hacker sends an email to the buyer, posing as the real estate professional or title company. The bogus email says there has been a last minute change to the wiring instructions, and tells the buyer to wire closing costs to a different account. But it’s the scammer’s account. If the buyer takes the bait, their bank account could be cleared out in a matter of minutes. Often, that’s money the buyer will never see again.

FTC Consumer Blog: "Scammers Phish for Mortgage Closing Costs (link is external)

NAR : Urgent Alert: Sophisticated Email Scams Targeting the Real Estate Industry

Posted in Buying a Home
March 24, 2016

3 tips when downsizing your home

3 Tips When Downsizing Your Home

Downsizing is one factor that many homeowners need to take into account when moving to a new stage in life. When downsizing, it’s important to remember that you're moving from your old life to a new one, and possessions must be pared down to eliminate clutter. Ease the process by keeping in mind these three tips.

Keep, Toss or Donate - When sorting through your home and possessions, decide which items to keep, which items are junk, and which possessions to donate.

Phone a Friend - Don’t go at it alone. If you know you have emotional attachment to certain items, invite a friend to help you sort. They’ll be much more sensitive to your needs and encourage you (gently) to let go.

Hire a Pro - If the process seems too overwhelming, consider enlisting a cleanup company. Hire a professional cleaner who specializes in downsizing to help you de-clutter and get organized. Be sure the company is informed of your needs, especially regarding sentimental items, to avoid accidental throw-aways.

Source: SI Restoration

Posted in Home Ownership
March 22, 2016

Oregon Lockbox Activity for Oregon

good indicator for the activity of 'showings' of Real Estate in Oregon

Posted in Real Estate News
March 22, 2016

LNG/Jordan Cove

As some folks saw, the FERC denial for the Jordon Cove project was recent.  

Veresen (developer of Jordan Cove LNG Facility) announced it has finalized the key commercial terms with JERA Co in respect of the long-term provision to JERA of natural gas.  JERA Co will commit to about 25% of the Jordan Cove's LNG output (1.5 million tonnes per annum of Natural gas liquefaction capacity for an intial term of 20 years).

So what about the status of the FERC Denial:   The Pacific Connector pipeline was denied due to no customer base. The Jordan Cove LNG facility was denied due to no natural gas  pipeline.
 
FERC was very clear  that when a customer base was established, Pacific Connector could re-apply and Jordan Cove could also re-apply for the Permit to begin Construction.

Posted in Community News