29Jul 2014 by admin

Distressed Sales Information 1st & 2nd Quarters

Portland Real Estate Market
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…
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17Jan 2012 by admin

Current Portland Housing Trends

Portland Real Estate Market
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 in a row. The index has also risen past 100. This is important because the only other time the index has broken 100 since the housing boom collapsed is when the home owner tax credit was in effect. According to Portland realtors the fact that the index has returned to it's current level a year since the home owner tax credit has been in effect implies that the housing market is recovering seemingly on its own without the addition of any form of stimulus. Real estate trends analysts are hopeful…
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15Sep 2011 by admin

Portland Oregon

Neighborhoods
The Portland, Oregon Real Estate Market offers a wide variety of communities and unique architectural styles to suit any taste and preference. The Portland Metro Area has something for everyone: from vibrant local Art Districts each featuring a distinct local flavor; Chic Downtown Condos close to a wide array of entertainment; Luxury homes in Gated communities; and, affordable suburbs located in or near the epicenters of Oregon's thriving high-tech industries offering great-paying jobs and attractive housing options to thousands. No matter where you decide to live within the metro area; almost everyone appreciates the wide variety of ecosystems and climates that Oregon has to offer. Many enjoy the scenic beauty and outdoor recreation of Oregon's famous Mt. Hood. Whether you're a thrill-seeking skier or snowboarder or just want to experience…
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17Jun 2010 by admin

Portland Housing Market Update

Portland Real Estate Market
Portland Oregon Realtors When industry professionals examine the economy of the housing sector; we often use a measurement known as "Inventory In Months". Basically, Inventory in Months is the total of home on the real estate market divided by the number of closed homes for sale transaction for a monthly period... The resulting number shows a measurement of real estate Supply & Demand. The idea is that inventory in months will tell you how long it would take to sell all of the homes for sale at today's sales volume. Basic supply and demand; supply is all of the available residential properties and Demand being the number of homes that buyers have purchased. Home Values | Local Economic Outlook [caption id="attachment_478" align="aligncenter" width="581" caption="Graph of Closed Portland Real Estate Transactions"][/caption]…
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