The latest news on Keizer, Oregon homes continues to be sunny, with a surprise or two.
Skies Appear Sunny For Keizer Home Sales!
‘Scrooge Syndrome’ Drives Cash Transactions
The biggest surprise is the number of area properties that are selling for cash, with no lender involved. Given much higher scrutiny of homebuyers from banks and mortgage lenders, this should not be that noteworthy.
Some lenders have earned their hard-nosed reputation
However, according to the Willamette Valley Multiple Listing Service (WVMLS) cash home purchases around greater Keizer are now the second most popular way to buy property. Even more amazing is that cash transactions are more than twice as popular as the next most used financing option, an FHA loan.
Recent Keizer Home Sales Information, Courtesy WVMLS
Keizer Home Prices Grow
Keizer home values are also on pace for better than a 1% monthly increase in value for 2014. That’s because according to WVMLS, our most recent numbers from May show a 6.3% increase in Keizer home prices.
Keizer-Salem Area Home Price Chart, Courtesy RMLS
If we continue at this rate, Keizer’s annual home prices will have risen by 12.6%, or more than 1% a month.
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