Regional Multiple Listing Service

Real Estate
Regional Multiple Listing Service Portland RMLS is a cooperative corporation owned by its members each having one voting share. Members include but are not limited to; Real Estate Agents, Appraisers, Banks, and web site managers. The public can access and search for residential, multi-family, commercial, lots & land and farm listing data directly through www.rmls.com. Consumers can also access listing data through a multitude of websites such as agent websites, Redfin and Zillow as RMLS allows member associate members and other industry insiders real-time listing data through IDX. These other entities are allowed IDX access to reprint and make available online listing services and sales data. Some third party websites charge agents a fee to be promoted on their sites as a neighborhood or area expert. Agents pay Redfin to…
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Home Sales Rise as Economy Stalls

economy, Portland Real Estate Market
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 Realtors had a Merry Christmas cashing commission checks in November and December as Portland RMLS reports a 5% month over month gain in sold home volume. MERS and its legal woes have also contributed to reduced inventory; with the embattled company's foreclosure practices now being called in to question in landmark court cases across the nation. MERS Foreclosures Challenged In Landmark Cases The latest burst of closed real estate transactions in combination with the low number of new listings has caused extremely low levels of available inventory. At best the…
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