Housing Report Portland Metro

Real Estate
[caption id="attachment_2772" align="alignright" width="145" caption="Real Estate Agents Report"][/caption] July 2011 Housing Market | Portland Metro Closed and Pending Transactions both increased in July, 2011 compared against July, 2010. Additionally, inventory of unsold homes was also down in July of this year versus last year. Although, some real estate agents feel that reduced inventory may be partly due to banks putting off foreclosure and the fact that last year the home-buyer tax credit had encouraged more spring buying activity with a corresponding lull in July, 2010 as a sort of Tax-Credit hangover which the market had to correct for with a weaker July and August. With that being said, 21% more residential properties sold in July, 2011 than in July, 2010. In similar fashion, many Realtors are encouraged by the fact…
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