Agent Profile
My job is service...service to you and your real estate transactions! How can you benefit from my 25 years of experience and expertise? What can I offer to make the process more productive?
* Current information on available housing...comparative and competitive market pricing and analysis
* Daily involvement in the local real estate marketplace.
* Thorough, comprehensive knowledge reflecting years of helping others complete their real estate business.
* Extensive network of professional resources to make the process as smooth as possible.
My commitment is to you! Being available to you...returning your calls...answering your questions...addressing your concerns...respecting your money...matching your timeline...meeting your expectations...helping accomplish your real estate goals!!
JANEESE JACKSON: 503-709-0802 or jj@janeesejackson.com
As I’ve often said, attempting to “time” any market (stocks, real estate, Portland weather) is a “fool’s folly”! So, it’s a tough decision. If you’re going to buy and hold, I still believe real estate is one of the best investments. If you are buying and selling in the same market, you will “give up” on the selling side but will “get” on the buying side, so you’re probably “even Steven”.
I always want to cut to the chase with some figures. The following table shows the monthly payment for each loan amount and interest rate. A buyer today at 5% interest borrowing $100,000 has a monthly principle and interest payment of $536.82. If prices deline 5% (and the loan amount does also) and interest rates rise just 1/2 of 1%, then the monthly payment remains almost the same ($539.40).
So if rates go up just 1% to 6%, then prices must drop at least 10% for that same buyer to qualify for the same monthly payment. Check out the link below:
The point being is that if you believe that much of the price decline has already happened and you anticipate interest rate increases…and you should. Why? Because interest rates are the lowest in recorded history. But, also at some point, the Fed is going to have to start recouping some of the intense borrowing that has happened to attempt to “jump-start” our present economic slump. I definitely do not pretend to have the answers, but do have lots of questions. All the same, the numbers “speak” to me.
About the Author | Janeese Jackson
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