Summer is over and Fall is here with plenty of cold, rainy wind… and of course, the ubiquitous comparatively sluggish real estate market. I say “comparatively sluggish” because housing in our city is still selling quickly and inventory remains very low by the measures of conventional wisdom.
Home prices in Portland have been relatively flat lately, and the market is generally showing signs of what may either be seasonal slowing or possibly home values settling. Surrounding areas like Gresham, Oregon are also seeing a decrease in home
Portland Real Estate Update: Overview The residential real estate market trends have been generally somewhat negative with a few areas that seem to be more neutral, depending on the price and demographic. For Portland and the surrounding areas within this
Real Estate Market Report For Portland, Oregon & Surrounding Communities With Portland, OR and many of its surrounding suburbs seeing average time it takes residential homes for sale to sell increasing the market appears to be slowing down. This is
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
As a short sale specialist and Realtor in Portland, Oregon it is my opinion that our current housing rise will hit a bewitching hour when homes simply outstrip buyers’ ability to afford them. Stagnant wages mean that prices will have to level out or settle at some point down the road. How quickly we arrive at that critical mass of affordability will likely depend on whether home prices plateau or continue to rise.
Happy New Year to the Portland residential real estate market. And, now that February is coming to a close we’re able to process the numbers for January of 2014 and the numbers look encouraging. Pending sales in January were up
This weeks existing home sale report brings good news tempered somewhat by mixed signals. Let’s look at the good news first. It is a sellers market believed to be inspired by low inventory. Limited supply has given Beaverton home sellers
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
Recently released pending home sales figures suggest a bright future for not only the Portland housing market, but also the national level. The national pending transactions index released by the National Association of Realtors has risen for a second month