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
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.
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
The Metro Area Housing Market appears to be in a state of flux; with outlying areas still seeing price declines while more centrally located neighborhoods are seeing less declines, or even flat or increasing price trends. The question on many
Baby boomers and stock values Retirees selling stocks at a higher rate than younger investors are buying puts downward price-pressure on market. Federal Reserve Economists are questioning the effect of retirement age baby-boomers on stock values. Economists trace stock market
National Housing Update July marked a slowing of construction of new homes; dropping from already low levels. The Commerce Dept. stated on Tuesday that housing starts were down by 1.5% to an annual volume of only 604,000 units (seasonally adjusted).
Recent Surveys Show Consumer Confidence Near Record Low Early August market the lowest level of Consumer Sentiment in over 30 years; according to a recent article on MSNBC News. Combined with an increase in consumer spending in the first part
As with many industry insiders and others who closely follow economic news, we have a front row seat for the nascent real estate market recovery in the state of Oregon. Important questions arise such as what will become of congress’