Home Sales Rise as Economy Stalls

economy, Portland Real Estate Market
Lackluster holiday spending and low US consumer confidence did not detour home buyers the last quarter of 2012. Home sales are up for the last couple months as buyers take advantage of low interest rates and depressed property values. Local Realtors had a Merry Christmas cashing commission checks in November and December as Portland RMLS reports a 5% month over month gain in sold home volume. MERS and its legal woes have also contributed to reduced inventory; with the embattled company's foreclosure practices now being called in to question in landmark court cases across the nation. MERS Foreclosures Challenged In Landmark Cases The latest burst of closed real estate transactions in combination with the low number of new listings has caused extremely low levels of available inventory. At best the…
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My Short Sale Experience

Portland Testimonials
A Short Sale Testimonial Hi Bruce- I really do appreciate the way that Rich handled my short sale. It was a very nerve wracking experience knowing that the potential of foreclosure was always there. However, every time I called to get an update, Rich knew exactly where my house was in terms of negotiations with the bank and the buyer. I appreciated that he was very straight forward and detailed with me in providing information. It helped me stay calm through the process. Thank you to both you and Rich for helping me! Anonymous.
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Customer Rating

Portland Testimonials
To whom ever it may concern; We sold our house short sale with Bruce & Richard. I highly recommend Rich & Bruce at Oregon Realty Exclusive Portland Real Estate. com to anybody wanting to sell a home. They are on top of changing market conditions, buyer sentiment, pricing, and timing. We were fully informed at all times as Bruce & Richard exceeded our home selling expectations in every way. Adam & Val Thanks for the good word and we're pleased to count you among our satisfied customers. When you're ready to get a great deal on a purchase don't hesitate to contact us. We're getting in new inventory every day and we're excited about how we can help our repeat clients. Be sure to check back with our site to…
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Portland’s Holiday Express and Rail Heritage Center.

Real Estate
Portland’s Holiday Express and Rail Heritage Center Oregon Rail Heritage Foundation Oregon Rail Heritage Center is open to public and admission is FREE. Donations are accepted with a no pressure donations bucket. Oregon Rail Heritage Center is the permanent home of SP 4449 the only class GS-4 steam locomotive of its kind and one sweet ride. Follow this link for SP 4449 specifications and use. http://en.wikipedia.org/wiki/Southern_Pacific_4449 This handsome 72 year old gigantic locomotive weighs in at 475,000 lbs and can exceed 80 mph. Indeed there is nothing small about this bad boy and you can see this locomotive in action along Oaks Bottom Spring Water Trail during the Holiday Express Runs. OK,,, yes I went there,,, and wow in a really big way. The trains are gigantic to say the…
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Economic & Job Growth Forecast

economy
2013 Jobs Forecast The Federal Reserve released job data stating the unemployment rate will remain elevated through late 2015. Unemployment and under-employment continue to weigh heavily on the US economy as 17,000 Americans filed new unemployment benefit applications this week. According to the Federal Reserve the US needs over 200,000 new jobs created each month to break even with newly minted graduates entering the work force. 151,000 new jobs were created in November 2012 with 4.5 million Americans unemployed. As such, it seems more than plausible that short sales will remain a part of the economic landscape at least for the time being. Associated Press released its survey of the nation’s top economists which anticipates 2013 GDP growth to be 2.1% below the 3.5% threshold of real economic growth able…
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The Historic Belmont Firehouse

Portland Entertainment, Portland Events
Belmont Firehouse Family Fun. Santa is at the Belmont Fire Station! The Historic Belmont Firehouse is open to the public with hands on fun for all ages. See up close and personal up to date fire response technology at its best in a treasured Portland heritage firehouse. Slide down a real fire pole then move to the 911 fire truck interactive simulator. When was the last time you drove a fire truck? Safety is the way of life for this station so you can expect plenty of educational opportunities presented by the Portland Fire Rescue Learning Center. The fire station itself is a treasure and be sure to check out the 1860 hose cart while enjoying the rich heritage of this ole station. Drop by on a Safety Saturday or…
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Fourth Quarter 2012 Foreclosures

economy, Oregon Foreclosures
An audit of newly filed judicial foreclosures in Multnomah, Clackamas, and Washington Counties during the 4th quarter period of 2012 clearly reflects the fact that distressed property owners remain in need of professional short sale real estate services. Banks are encouraging distressed homeowners in Oregon to seek short sale agents (SFR) to eliminate and settle real estate mortgage debt rather than the expense of a judicial foreclosure or notice of default procedural foreclosure. Short Sale Transactions have proven far more beneficial than foreclosures for both home owners and banks. With today’s home values similar to values of 2003 we have a ways to go before we reach a full housing market recovery as distressed property owners owing more on home mortgages than market sale price will deliver still represent a…
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Short Sale Agent Update

Short Sales
Confidentiality All information is kept strictly confidential. We generally don't even put up yard signs because many home owners don't want their short sale to be widely publicized within the neighborhood. It's true that people may see your property listed on the MLS (especially if they're trying to sell theirs too) but let's not make it Headline News for the local gossips. In years past many chose an agent from amongst their friends/family. And, while that may have merit many of our clients tell us they don't want to share information with people they have to see socially. After all, who wants to hear about their short sale at Thanksgiving or the Office Christmas Party? In a short sale the fact that you don't know us and we don't know…
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