Where Can Dane County’s Middle Class Afford to Live?

middle-classA few years ago I read the article “Where Even the Middle Class Can’t Live Anymore” by Emily Badger and grew curious about how local families were being affected by rising home prices.

I began to wonder, “Where Can Dane County’s Middle Class Afford to Live?”

Affordability takes into account a variety of factors so using the local median income of $83,900 with an online calculator to estimate home affordability I determined the maximum purchase price for the majority of Dane County residents to be around $375,000.

Keep in mind this is the maximum, not a recommendation, as this number was based around the assumptions of 20% down (not easy for many middle class families), 3.75% interest rate, $7500 annually in taxes, annual home insurance of $700, roughly $500 per month in additional debts, and no more than 30% of monthly income going towards housing costs. (more…)

Oregon Market Update: July 2015

Market StatsHere is your monthly market update for the Oregon area (53575 zipcode). For more information about market trends give us a call or sign up for monthly notification in your area HERE.

Oregon Market by Price Point

Under $200,000

12 active homes (View Homes), 4 sold last month, 3.9 months of inventory has quickly reversed trends and solidified this market segment as a sellers market. (more…)

Oregon Market Update: May 2015

Market StatsHere is your monthly market update for the Oregon area (53575 zipcode). For more information about market trends give us a call or sign up for monthly notification in your area HERE.

Oregon Market by Price Point

Under $200,000

18 active homes (View Homes), 4 sold last month, 6.8 months of inventory show that long term trends have moved towards favoring buyers. (more…)

Help Us Give Back This Holiday Season

Food Drive

With the holiday season upon us we ask you to join us in the drive to eliminate hunger. From now through December 3rd we will help collect donations to support the Second Harvest Foodbank as part of the NBC 15 Share Your Holidays to Eliminate Hunger Campaign. 

This year the campaign goal is to raise 2.7 million meals for families and individuals struggling with hunger.  The Minter Team, along with Stark agents Erin Garnett, Tiffany Tobias, and Melissa Wheeler, have teamed up to support a goal of contributing 1,000 items to this cause. (more…)

First Quarter Market Review: Oregon

housing-marketWith 2014 now in full swing it’s a good time to take a look at where the housing market is sitting heading into the peak season. Throughout the end of 2012 and the first quarter of 2013 we saw a frantic market starting to build for the spring and summer months. With interest rates still historically low, an extreme lack of active properties, and the onslaught of new construction I can’t help but think the next few months could mean great things for those looking to make a move. (more…)

Summer Fest Classic

SF-logo-orange-MEDBelieve it or not spring is upon us and summer will be soon to follow. For runners that means race season is just around the corner.

Join us for Summer Fest in Oregon, WI on June 28th for our annual Summer Fest Classic. This year we bring back the 10K while also hosting a 5k run and 2 mile walk.

Registration is now available, so sign up today before rates rise!

REGISTER HERE

It’s Coming….Are You Ready?

Golf OutingBelieve it or not spring is right around the corner. Snow is melting, the sun is out later, and spring activities are in the works.

Now is a great time to register for the Oregon Area Chamber of Commerce Annual Golf Outing. Held at The Legend at Bergamont on May 20 you can support local business while enjoy one of the seasons first outings.

Compete for a traveling trophy, hole prizes, and silent auction items while enjoying a great day of golf and post game socializing.

Register for the Chamber’s Annual Golf Outing by downloading this form or visiting the Oregon Area Chamber of Commerce website.

Don’t forget the spring market is also heating up. To see what’s available in the Oregon area CLICK HERE or give me a call for your private showing.

Third Quarter Market Review: Oregon

moi1012_1013During the second quarter of this year Oregon saw homes enter and leave the market at speeds not seen in over 6 years. Home values where up 10% over 2012 and over 60% of available inventory was listed at or above $300,000.

The question we were left with at this time was whether the market would keep it’s frantic pace or trail off during the third quarter. We found out locally there was not going to be a let up as the market continued at record pace. Between April 1 and September 30 more homes sold than the entire year of 2010!

(more…)

Second Quarter Review: Oregon Market

eLLA fENCEAcross all forms of media and in nearly every area of the country people are curiously discussing the amazing return of the housing market. While national statistics can give a broad picture of the overall state of the market and the nation’s economy, this view isn’t always an accurate portrayal of what we are seeing locally.

Nationally home prices are rising, inventory remains low, and buyers are finding themselves in competitive bidding wars. To get a better picture of what’s happening locally, let’s take a peak at the Village of Oregon with a second quarter review. (more…)