Portland Housing Sustainability: Summer 2015

Portland Housing Sustainability: Summer 2015

Real Estate
[caption id="attachment_7379" align="alignright" width="200"] Conditions in the Portland Housing Market: Summer 2015[/caption] As of July 31th, 2015 the median list price for residential real estate in Portland, Oregon is $449,350 and showing a strong upward trend. In contrast, the average asking price is $589,851. There are 1181 property listings currently listed with 91 days being the average number of days on market. But, will this strong seller's market last? Or, as we eclipse the highs of the previous housing bubble, will the housing market be preparing for a pause, settling or new downturn? Current indicators show that this is a strong "seller's market" and market action is holding steady and inventory of available listings is also steeply increasing. These upward trends reflect the increased competition amongst well-qualified buyers trying to…
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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…
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