July, 2014

29Jul 2014 by admin

Distressed Sales Information 1st & 2nd Quarters

Distressed property sales in the Portland metro area dipped in the second quarter of 2014 as the spring buying season heated up. Short sales dipped from being 6.1% of total sales to being 4.1% of total sales for the first and second quarters of 2014 respectively. Bank owned foreclosures (REO) properties experienced a less abrupt drop from 4.9% down to 4.7% when the first quarter of 2014 is compared to the second quarter of this year. Inventory of available homes offered on the market throughout Portland remains quite low and this low inventory may be fueling the drop in short sales as rising prices move more sales into the non-distressed category. Also, national politics may be playing a role as congress has failed to reach an agreement extending the Mortgage…

Portland Short Sale Specialist

economy

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 counsel and we work in cooperation with such professionals in the process of serving you, our client. We As Realtors in Portland and short sale specialists… our legal obligation is to work for you, and to serve our clients’ best interests We’re licensed real estate brokers in the state of OR, with Oregon Realty Company and we’re held to a very high standard of ethical conduct known as fiduciary duty to our clients While we cooperate with a variety of banks, attorneys and financial institutions to complete a short sale…

Wall Street Speculation Driving Up Home Prices

Portland Real Estate Market

Investors Buying Short Sales & Foreclosures In Bulk, Profiting Big This article is opinion based on available data from a variety of news and financial sources. This article is not legal, tax or financial advice. The author is a real estate broker licensed in the State of Oregon, and an short sale specialist in Portland. [caption id="attachment_6950" align="alignleft" width="300"] Wall Street Back To Gambling On Real Estate[/caption] While recently reduced numbers of short sale transactions and foreclosures have pushed real estate investment money back into flipping and renovating, in the height of the recession many major financial interests were buying short sale and foreclosure homes in bulk and trading them as a commodity. Now, these investment companies appear to be slowing their rate of purchase as the supply of distressed…