Fewer listings and fewer sales is the theme for winter and spring for Portland in 2017 thus far. … It’s important to note that last years’ spring buying season was stronger than ever and we also do experience seasonal slowing of the market in the winter months prior to spring. What we’re experiencing may be the prelude to another bold move forward in home values or the beginning of the market cooling off a little.
Recession has become a zeitgeist and the subject of scary campfire stories ever since 2008. Nonetheless, economic contractions remain a recurring certainty that is a predictable part of all economies.
The billion dollar question is this: will bad news from Wall Street and Asia rain on Portland’s parade or will the distant rolls of thunder merely echo nay-sayers beating the drum of chimerical doom & gloom?
As real estate brokers we are not attorneys and as such, this publication should not be construed as legal counsel or advice. In the course of our duties as agents some of our clients choose to retain legal or financial
As a real estate broker licensed in the state of Oregon and I’m a leading short sale specialist in the Portland area I was recently asked to share my opinion of the best/worst investments I’ve seen in real estate. My
National Housing Market: Luxury Homes Sales Soar, Affordable Homes Falter The volume of homes selling in working and middle-class price ranges is falling dramatically, while at the same time sales of luxury homes are ramping up by very large margins.
My sister, Dr. Julie Lockwood Pechacek (PHD, Economics) wrote the following response to my May 8th article on real estate and the economy. Response To May 8th Real Estate Crash Article: I read your article on the economy and the
Increasing home prices combined with increasing poverty may create another economic downturn….. For housing to sustainably go up in cost, American household incomes also need to rise proportionally (average household income has not risen).
The Aftermath: Prices Can’t Bounce Back In the wake of the recession many home owners hoped to be able to sell their homes as prices increased and for some this has in fact happened. However, if prices did go back
Homeownership Lowest in 13 Years The US economy (having never fully recovered from the great recession) is experiencing a waning housing market and Portland Oregon seems to be following this national trend. Economic uncertainty surrounding the Federal Government shutdown, healthcare