Some people LOVE statistics and MANY USE statistics in business, especially in real estate. Grants Pass Association of Realtors® is a GREAT source of STATISTICS as are other Real Estate websites including: MSN LIFESTYLES, OREGON ASSOCIATION OF REALTORS®, AND THE NATIONAL ASSOCIATION OF REALTORS®. See what you think.	THE SCHMIDT TEAM  Tim and Nancy Schmidt Real Estate Brokers  Local Statistics for Josephine County, the state of Oregon and sometimes for the entire Nation. Home prices HAVE DECLINED EVEN FURTHER! The Government Plans to Modify Mortgages Has Failed So Far! Interest rates are EXTREMELY LOW!! Guess How Many REALTORS® Are NAR Members?  See below for answer.
SO. OREGON MLS - MONTHLY NAR STATISTICAL REPORT!!!  Here are the figures for JUNE 2010!   The average prices for homes were:  2 Bdrm or less =$121,478 3 Bdrm =$199,400 4 Bdrm or more =$272,496 The Average price for:  The 1031 active listings = $326,129 There were 0 Contingency Sales. The 51 Pending Sales = $205,534 The Average Days on the Market:  1 - 30 days = 23 sales 31 - 60 days = 11 sales  61 - 90 days = 9 sales  91 - 120 days = 11 sales  121 - 180 days = 16 sales 181+ days = 23 sales  Total Units Sold = 93 Average Market Time = 135 days  Average Sold Price = $192,022 Most Buyers financed their purchases with 34 CONVENTIONAL LOANS overwhelming the 33 CASH SALES. There were 14 FHA, 5 VA, 3 OC1st, 1 FMHA & 3 other. from: Grants Pass Association of Realtors® Grants Pass, Oregon, 07/06/10.  All information herein has not been verified and is not guaranteed.
Foreclosures Among Top Concerns       Foreclosures remain a real concern among survey respondents.  Slightly more than half (51%) say foreclosures are a big to moderate problem in their area.  However, the rate of foreclosures is generally seen as stabilizing; 41% say the rate of foreclosures in their area is about the same as last year.      92% of respondents said neither they nor members of their immediate family have experienced a foreclosure in the past year, yet it is still a  personal concern for many.  One in five respondents said they are very or fairly worried that they will have difficulty making their mortgage payments over the next year.  32% say it’s a big or moderate worry that they, or a member of their family, may have their home repossessed or foreclosed because they are unable to pay rising monthly mortgage payments.         In 2008, more than half of respondents (54%) were open to the federal government taking a more active role in overseeing mortgage and lending practiced – the number dropped this year to 47%.  This could be because 42% of Americans believe the country is back on the right track, more than double the number last year (16%).  from the National Association of REALTORS®	MORTGAGE RATES DROP TO NEW LOW OF 4.57 PERCENT!!!      NEW YORK (AP)  --  Mortgage rates fell for the second straight week to the lowest point in five decades, but it may not be enough to jump-start the housing market.      Mortgage company Freddie Mac said today the average rate for 30-year fixed loans dropped to 4.57%.  That's down from the previous record of 4.58% set last week and the lowest since Freddie Mac began tracking rates in 1971.      Rates have fallen over the past two months.  Investors, concerned with the European debt crisis, have poured money into the safety of Treasury bonds.  Treasury yields have fallen and so have mortgage rates, which tend to track yields on U. S. debt.      However, low rates have yet to fuel home sales.  The housing market has slowed since federal tax credits for homebuyers expired at the end of April.      To calculate the national average, Freddie Mac collects mortgage rates on Monday through Wednesday of each week from lenders around the country.  Rates often fluctuate significently, even within a given day. An article from the Grants Pass DAILY COURIER, July 8, 2010 edition. ** There are 1,082,610 REALTORS® who are members of NAR as of 05/31/10.