Vancouver Real Estate - Gloria Gomez Matthews

WHEN will home prices Bottom??? Take our Survey! or SEE Survey Results!

So, I have written recently about the Case-Shilling price index, and when it REALLY turned up...you may have seen my previous post.  BUT, consumer confidence and consumer perceptions drive the market as much as statistics in the rear view mirror.  (if you didnt know, the CASE -SHILLING INDEX, by Standard and Poors turned up last august..  BUT, WHAT DO YOU THINK???

For regular, up to date trends and information, or answers to your real estate questions

go to http://www.felidahomes.com/HomesAuthenticated.aspx?tabid=1991583  

Search for homes at http://www.FelidaHomes.com or http://www.GGMATTHEWS.com

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by Gloria Gomez Matthews | 0 Comments

Spacious Single level home - 4 bed, 2 bath Big open rooms! Large culdesac lot.Salmon Creek 342,000

Pride of Ownership throughout

• 2,468 sq. ft., 2 bath, 4 bdrm single story - MLS® $342,000 - Big 4 bedroom Ranch!

Salmon Creek, Clark County  -  Large and spacious 4 bed ranch,shows pride of ownership and care throughout.

There is a dual master with bath suite, plus 2 more bedrooms. and bath. Large open areas & kitchen. Tile entry, tile counters in kitchen, whole house water filter, tile roof. large dog run, Covd Patio, fruit trees.

Excellent location, near Salmon Creek Elementary and quality culdesac location.

New Granite & fixtures in bathrooms, light fixtures too., new carpet in hallway.....preparing this lovely ranch home, for you.

Dont MISS IT..It has an rv pad & shop area in large garage, outdoor tool shed too, large 10,000 sq ft lot in nice culdesac location.

Convenient to I-5, 205, hwy 99.  see more details and information on the HOMEBUYER TAX CREDIT at http://www.felidahomes.com  or call

GLORIA MATTHEWS,
360-600-3042
matthews.gg@gmail.com

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OPEN TODAY 1:00 to 3:30 pm AT - 13209 NE 6th Ct in Salmon Creek just reduced!

Salmon Creek, Clark County  -  Announcing a price reduction on 13209 NE 6th Ct, a 2,468 sq. ft., 2 bath, 4 bdrm single story. Now MLS® $342,000 - Big 4 bedroom Ranch!.

Located West of Salmon Creek Elementary, maps and property info available in the link below!    NEW upgrades, granite counters in bathrooms, new fixtures, new lighting...RV PAD, large culdesac lot, great location.

This home has "pride of ownership", is well cared for, has whole home water filtration system, covered patio, Fenced, and large additionally fenced garden or dog run area. 

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Fishers Pointe - NEW Construction homes, GREAT LOCATION, Master on MAIN, OFFICE on MAIN

Excellent Evergreen Hwy Location

• 2,707 sq. ft., 3 bath, 3 bdrm 2 story "Master on Main, bonus UP" - MLS® $469,000 - Affordable Elegance

Fisher, Vancouver  -  Single level, with Master on MAIN, bonus room upstairs. The Great Room features expansive open living area with south facing exposure. Island kitchen is fully appointed with granite and exquisite detail in custom cabinets. Every detail is attended to.

2nd bedroom is a suite,with a full bath, the 3rd, perhaps an office. Bonus room upstairs has a 3/4 bath, or "wetbar" YOUR CHOICE! Design your perfect home today. Quality craftsmanship and detail throughout!

Fishers Pointe 16, lot exclusive development on Old Evergreen Hwy, just of 164th Avenue. Convenient Location, just 1 minute off SR14, 10 minutes to PDX and convenient to many shopping and entertainment areas.

See more details at http://www.ggmatthews.com or http://www.felidahomes.com   or go directly to the Fishers Pointe page.  Call Gloria Matthews for details, optional plans and pricing.  360-600-3042 

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Fishers Pointe, Master on Main, 3bed, 3 bath GREAT LOCATION - new construction from 449,000

One level, Master on main with Bonus up

• 2,650 sq. ft., 3 bath, 3 bdrm single story "Ranch with upstairs bonus" - $449,000

Old Evergreen Highway, Vancouver  -  To Be Built,  - Fabulous location for your home!  13 lots remaining. 

 Most plans feature Master on the Main, Office on the Main, and Bonus room up.  3 or 4 bedroom configurations, want 2 bedrooms up (with and extra laundry), we can do that too!  NEW CONSTRUCTION, to be built.  Excellent location for your NEW HOME.  Great Room or fromal living and dining, you choose.

Finishes are First Class!  Solid Granite Slab in Island kitchen, extensive use of Hardwoods, Tile, Custom Cabinets, pick your finishes and details. Professional Series Appliances, amazing quality, Fabulous Location!.  Several Plans to choose from or design your own!

This New Construction Home plan features :

One level executive home with Bonus upstairs. 3 bedrooms, office on main. Great room  Custom Cabinets, slab granite, counters, Kohler fixtures - Fine detail throughout! Fully landscaped. Gorgeous New neighbohood just off Evergreen Hwy at 164th avenue. location- location- new construction - quality -

(photos are of previous model)   Contact me for details:  GLORIA MATTHEWS,, 360-600-3042 or see more information at http://www.ggmatthews.com or http://www.FelidaHomes.com or direct to the FISHERS POINT page on my website:  Fishers Pointe

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Vancouver, WA VFHG - NAR projects 4% increase in Average Home price in 2010

The last week, we had our final meeting and tour of Vancouver's Finest Homes, for 2009,  We will resume our meetings, tours, and committment to this organization in January and begin planning our 2010 year.  Vancouver Fine Homes Group, http://www.vancouverfinehomes.org

There are some REMARKABLE agents in this group and I am proud to serve as VP Marketing for the Group, and website administrator!  We have a WASHINGTON STATE delegate to the State Association who recently returned from the National Association Convention in San Diego!  She is fired up and excited about the representation we have in Washington DC, that was largely influential in getting the extension on the TAX CREDIT, even more the EXPANSION to EXISTING HOMEOWNERS.

Another of our agents just returned from a closely held meeting with National Directors of Remax, who have been meeting with CEOs of banks/lenders nationwide.

Both the lending and realestate professional communities responded to the CALL TO ACTION to contact our state representatives regarding this legislation.  WASHINGTON was #7 in the nation in our participation and involvement in this CALL to ACTION this last fall. 

NAR PROJECTS A 4% increase in average home prices this year!   Now that is a PROJECTION, but I can also add that the CASE SHILLING PRICE INDEX of 20 cities did turn up in AUGUST, and locally up another .2% in SEPTEMBER, so we could be on our way to a firmer real estate market.  Presently inventories are down significantly as well, which tends to preface firmer pricing.

When is the BEST TIME TO BUY?  when you have a reason, need or desire to move up/down/ across town or across the nation.  The market is a GREAT EQUALIZER.  While its true home prices have dropped in the area of 22-25%, over the last 2-3 years,..so has any home you would buy.  Looking forward, by the time you realize home prices have increased 10% or more...much of the next "move" will be behind you.

The exisiting HOME OWNER TAX CREDIT is for homeowners who have been in their property for 5 of the last 8 years  I believe this will have significant impact in the NEW YEAR.

Contact me if you'd like more information on YOUR HOME VALUE or  FOR A LOOK AT PRICING AND SALES IN YOUR NEIGHBORHOOD go to MARKET SHAPSHOT 

The market snapshot is generated from the local MLS or RMLS of Washington

As always, Thanks for checking in. 

Gloria Matthews
HTTP://www.FelidaHomes.com
360-600-3042

by Gloria Gomez Matthews | 0 Comments

Tax Credit information - Website prepared by NAHB Attn: homeowners

The NAHB has prepared an excellent website for information about the most recent edition of the homebuyers tax credits;  for existing home buyers and first time homebuyers.  IF you've been in your home 5 years or more, or 5 of the last 8, This NEW credit applies to YOU, if a lifestyle change is in order. 

Moving up, closer to work, downsizing, more land, less land, more garages..less?  here's a little help.

http://media.point2.com/p2a/htmltext/f9fd/868a/3f11/5dfc19070c07305b0f87/original.jpg

I also have available a 20 city Case-Shiller home pricing Index (its in a previous post) or a full report available by email at matthews.gg@gmail.com.

by Gloria Gomez Matthews | 0 Comments

HOME PRICE INDEX - Standard and Poors CASE SHILLER INDEX

Well, we have a little upturn in prices in 20 cities across the nation, AND now we have a tax credit incentive to keep it moving....Does this mean home prices will begin to appreciate??

Here is a photo of the CASE SHILLER HOME PRICE INDEX CHART.   If you would like a copy of the full report, email me at matthews.gg@gmail.com, and I'll send it.  The full report does include statistical information on both the Seattle and Portland markets.

by Gloria Gomez Matthews | 0 Comments

HOME PRICES - ready to RISE???

The following chart demonstrates PENDING home sales, by units.  Increased activity is generally followed by upward pricing pressure. The following is from the national association of realtors. As reported by the National Association of Realtors®, the Pending Home Sales Index posted its 8th consecutive monthly gain in September. It’s the longest winning streak in the history of the index and Pending Home Sales are now at their highest levels since December 2006. A Pending Home Sale is a home under contract to sell, but not yet closed.  It’s the precursor to an Existing Home Sale.  Trade group data shows that nearly 80 percent of “pending” homes close within 2 months.  The majority of those remaining close within months 3 and 4. When the Pending Home Sales Index rises, it tells us that market activity has picked up.  September’s data confirms what we’ve been noticing since February — the Buyers Market is ending. With more homes under contract in the marketplace, homebuyers typically face one or more of the following:    1. Competitive, multiple-offer situations    2. Reduced purchase price leverage over sellers    3. Fewer seller concessions Therefore, if you’re buying a home in the next several months, know that the 8-month run in Pending Sales will lead to a run in closed sales.  It should result in higher home prices, too Indeed, we’re already seeing it. as indicated by the Standard and Poors-Case Shiller Home Price Index. Its a terrific time to examine your FUTURE real estate goals, and lifestyle changes, Come see me at Http://www.FelidaHomes.com

by Gloria Gomez Matthews | 1 Comments

EXISTING HOMEOWNER TAX CREDIT and EXTENSION OF FIRST TIME HOME BUYERS

Well, it has passed both the senate and house, and President Obama is expected to SIGN it into law today, Friday, November 6th.

 How will this affect us?  I expect a stimulus of pent up demand to increase activity and push up prices slightly, but with the SHORT WINDOW, an overall economic recovery must also be underway.  There is data about that suggests this is TRUE, and underway.

IF you have been thinking of UPsizing, or DOWNsizing, this could be the perfect time, while prices are near a bottom, and INTEREST RATES ARE LOW.  As any recovery movings ahead, interest rates may and likely will climb, as well as pricing pressured UP.

So?  Do you want to appreciate in the house that you are in?  or the house that suits your needs for the next 10+ years?  In my opinion, this is an excellent time to REVIEW your housing and lifestyle needs for the future.  Clearly buying at the top has been problematic for many, and while real estate averages 8% over long periods of time it is subject to cyclical swings.

IF you are interested in SALES and PRICING in YOUR NEIGHBORHOOD, use the FREE  Market Snapshot tool:  MARKET SNAPSHOT

HERE IS A SEATTLE TIMES ARTICLE ON THE TAX CREDIT AND PRICE TRENDS:

http://www.seattlepi.com/local/411904_credit06.html?source=rss

ITS OFFICIAL:  Mortgage Daily NEWS:  http://www.mortgagenewsdaily.com/11062009_obama_signs_home_buyer_tax_credit_extension_will_it_be_effective.asp

 Come visit me at http://www.FelidaHomes.com or email me at matthews.gg@gmail.com

of course, I answer my phone too at 360-600-3042

by Gloria Gomez Matthews | 0 Comments

Extending Tax Credit "LIKELY" and to include EXISTING homeowners

Well, I heard on the news this evening that the tax credit passed, ever so quietly and briefly.  Then I looked on the internet, and found very obsure google search results.  One saying the Senate passed something, and this article from BUSINESS WEEK, indicating it will likely pass.....but watered down somewhat from what I read 2 days ago.  Apparantly there is still some "negotiating" going on.

 In short, this recap includes 6,500 tax credit to existing homeowners, we purchase homes under 800k, and have single income of 125k or less or two income households, to 225k.

 Here is the article in entirety, and includes some mixed real estate sales statistics.

http://www.businessweek.com/blogs/money_politics/archives/2009/10/expanded_home_b.html

Ears are peeled.   If YOU have a move in mind, CALL ME at 360-600-3042,   If this stimulates home buying, AND we continue to show signs of recovery...the opportunity to change NOW, with low prices AND low interest rates, could be slipping past you.

by Gloria Gomez Matthews | 0 Comments

Hot off the press!!...MORE on extending and expanding the tax credit!

I guess Im not the only one, with this on my mind this morning.  here is an article from bloomberg.  Plan your Move NOW, while incentives are in place and interest rates are low.  IF/When the economy DOES show signs of recovery, interest rates will move UP, and perhaps very quickly.  As this will stimulate buying and selling in upper middle income ranges, increased activity may drive up prices as well. 

Call me now!  gloria 360-600-3042 or visit me at Http://www.FelidaHomes.com

 Dodd Pushes to Extend and Expand Homebuyer Tax Credit (Update1)
By Dawn Kopecki

Oct. 20 (Bloomberg) -- The $8,000 homebuyer tax-credit should be extended beyond next month’s expiration and expanded to more borrowers to buoy housing sales, Senate Banking Committee  Chairman Christopher Dodd said.

Dodd, a Connecticut Democrat, and Senator Johnny Isakson, a Georgia Republican and former Realtor, urged colleagues to extend the credit through next June and to expand it to all couples earning $300,000 or less.

The Obama administration’s tax credit for first-time buyers helped stabilize sales this year after the worst housing slump since the Great Depression, Realtors and mortgage bankers said. Lawmakers are struggling to find ways to fuel real estate demand amid rising unemployment and a jump in foreclosures that may add to inventories of unsold homes.

“The work of stabilizing the housing market won’t be done” when the credit expires next month, Dodd said at a hearing of his panel today. “We still need to use every tool at our disposal to fix this problem.”

Purchases of existing homes in August were up 3.4 percent compared with a year earlier, the National Association of Realtors said. New home sales were up 30 percent from January’s record low, government figures show.

The Washington-based Mortgage Bankers Association projects that foreclosure rates already at a record will climb through late next year, peaking only after the U.S. unemployment rate reaches 10.2 percent in the second quarter. An estimated 3.9 million houses for sale, and as many more homes with mortgage payments that are at least 90 days past due make up a “shadow” foreclosure inventory, according to Mortgage Bankers data.

$17 billion Cost

“With numbers of that magnitude, it is clear that recovery in the housing market will occur when the number of jobs in the economy begins to expand, thus creating the economic demand needed to absorb some of this excess inventory,” Mortgage Bankers Chief Economist Jay Brinkmann told the panel in written testimony.

The Mortgage Bankers, National Association of Realtors and National Association of Homebuilders all backed the extension, saying it has helped home sales. About 2 million people this year have used the credit, which expires Nov. 30 and is available to individuals who earn less than $75,000, or $150,000 for couples. Isakson estimates that extending it through June 30 and expanding to more borrowers will cost the federal government less than $17 billion.

Inflated Home Prices

Alabama Senator Richard Shelby, the committee’s ranking Republican, cautioned lawmakers against continuing policies that artificially inflated home prices and exacerbated the run-up in real estate values that caused the bubble.

“We must recognize and understand that much of the decrease in home values was simply a deflation of the bubble created in part by our own housing policies,” Shelby said. “If we don’t do something, we’re damned and if we do something, we’re damned.”

Shaun Donovan, secretary of the Housing and Urban Development Department, called the tax credit a “positive force” in the housing market.

“The end of the tax credit would have some negative affect in the market,” he said. He said he doesn’t think it would cause a “catastrophic decline” in home prices.

To contact the reporter on this story: Dawn Kopecki in Washington at dkopecki@bloomberg.net.

Last Updated: October 20, 2009 11:45 EDT

http://www.bloomberg.com/apps/news?pid=20603037&sid=aslwB9Jb8FCY

by Gloria Gomez Matthews | 0 Comments

Tax credit - EXTEND? even EXPAND?? 15K?? CURRENT HOMEOWNERS?

Yes, there is a lot of talk about extending the TAX credit, but NO, it has not passed.  Of course we want to extend it, but there is current talk about EXPANDING it beyone the First Time Home Buyer!  Below is an exerpt from Patty Murray, in a letter I received regarding this NEW S.1230 legistlation

This is VERY BIG news that may have a positive inpact on many Homeowners.  THE EXPANSION of the benefit is to extend the credit to EXISTING HOMEOWNERS, who may want to upsize, downsize or move across town, across country or have more or less land. ..doesnt matter.  What matters is there is MOTIVATION to consider doing it.  The ADDITIONAL benefit in the extention is the RAISE TO 15K.   YES, 15K for existing homeowners.

 The National Association of Realtors and the Mortgage Brokers Association, along with many legislators are working hard on making this possible, FOR YOU!  If you have been putting off making changes, this could be "the perfect storm" you've been waiting for.  You see, I believe that this will push the average and median prices of homes being sold UP, as people begin to take advantage of this.  With current interest rates incredibly LOW, now may be the time to MAKE THAT MOVE.

Well, some will say   "I want to wait till their is more price recovery".  But ASK YOURSELF.....Do you want the appreciation in the house that no longer fits you?....or the appreciation to occur in the house you'll be in for the next 10 years,  rather than the past 10 years.

No question, we want to see some real economic recovery, but by the time we see it?, I believe interest rates and pricing will already be moving up.  CALL ME, or email me, to discuss your pending plans for the year to come:  

Gloria Matthews
360-600-3042
matthews.gg@gmail.com
http://www.FelidaHomes.com

Below you will see an excerpt from a letter from Patty Murray:

I believe this credit has been a positive boost to the housing market and provided needed assistance for individuals and families seeking a home of their own. That is why I have also chosen to co-sponsor S. 1230, the Home Buyer Tax Credit Act of 2009, which would expand the first-time homebuyer tax credit to all homebuyers for the purchase of a principle residence, and increase the maximum credit to $15,000 for one year after enactment.

As we face the worst economic crisis in generations, lifting our economy out of this recession, stabilizing the housing crisis and helping Americans get back to work must be our top priorities. As Chair of the Senate Housing Appropriations Subcommittee, I know how difficult it is for millions of Americans to both purchase a new home and to then stay in a home by keeping up with the mortgage.  I am committed to continuing to work with my colleagues in Congress to address the issues facing the housing market and take the steps necessary to improve our economy.

 

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Open House NEAR Millplain at I-205 on Sunday $255,900 Priced to SELL!

Evergreen, Vancouver  -  We invite everyone to visit our open house at 1214 NE 122nd Avenue on September 13 from 1:00 PM to 3:30 PM.

THIS HOME IS PRICED TO SELL!  90.00/sq ft, NEW ROOF, SIDING AND WINDOWS, more!  NOT A SHORT SALE, use your $8,000 first time home buyer tax credit!

East of 205, at Mill Plain, north to ne 9th Street, East to 123rd Ave, North one block, Left to OPEN sign

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Call 360-600-3042

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Price Reduced on 1214 NE 122nd Avenue in Evergreen USE YOUR TAX CREDIT NOW

Evergreen, Vancouver  -  Announcing a price reduction on 1214 NE 122nd Avenue, a 2,520 sq. ft., 2 bath, 4 bdrm 2 story. Now MLS® $255,900 - PRICED TO SELL $90.00/ft. NOT A SHORT SALE, but priced to SELL NOW!

Private back yard, pasture view, easy trip to SW Washington Medical Center and PDX 

NEAR MILL PLAIN at I- 205

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