Portland Housing Recovery

Portland Real Estate Market
The Housing Recovery may be taking hold as buyers and investors alike take advantage of excellent terms and low interest rates. Portland Housing Market recovery As mortgage lenders and banks begin to relax financing standards more people are able to purchase area at excellent values. As to whether the Portland Housing Market Recovery is in full swing or whether prices will settle a bit more is anyone's guess. However, for many successful investors now is the time to buy. With short sales becoming much more mainstream and more easily attainable for struggling Oregon home owners along with some banks becoming more streamline in how they deal with bank owned foreclosures (REO) now is a great time to buy. The important thing to remember when considering future home values, price settling…
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Home Values

Portland Real Estate Market
Contact us today to get your Comparative Market Analysis (CMA) on Home Values in Portland Oregon. You'll also hear some Realtors describe CMA as a standing for Competitive Market Analysis; meaning that you the customer will see what competitive properties are listed for in your area. It may be a matter of pointless semantics, but here, we've gone with calling them Comparative Market Analyses because we are comparing similar homes to get an idea of what a reasonable marketing price would be. Home Buyers and sellers alike are very interested in finding out more about local property values. As Realtors with Oregon Realty Company we offer Comparative Market Analysis so our clients can see for themselves what local properties are actually selling for. It's important to note that we are…
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REO Definition

Oregon Foreclosures
REO Definition REO stands for Real Estate Owned and refers to Bank Owned Properties / Foreclosures. Banks use this term internally to describe the real estate properties they have foreclosed upon and now "own" and often refer to their foreclosure departments as "REO Departments". REO is either pronounced "R-E-O" or pronounced "Rio" ... like you would pronounce "Rio De Janeiro". Occasionally, you may hear the term "REO" used by banking professionals Realtors who specialize in short sales and foreclosures when referring to foreclosed properties. When speaking of a specific property, I may ask a colleague if the house "went REO" as a way of inquiring as to whether the home is a foreclosure. As a member of the general public, you might see REO on advertisements from bank asset managers…
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