Portland Realtors: Short Sale Specialist’s Summer 2016 Report

Real Estate
For the summer of 2016 the Portland real estate market has been defined by extremely low inventory of available homes for sale and stiff competition among buyers eager to find a place to live. However, record home values have not completely wiped away the relevance of Portland short sale specialists in that underlying financial difficulties such as slow wage growth, underemployment and rising living expenses puts many household budgets under duress. Furthermore, higher real estate prices often entail higher monthly mortgage premiums which add increased pressure of possible mortgage default during times of financial strain. During the height of the recession, short sales were commonplace to the point of being ubiquitous and it's important to note that increased home values has moved many mortgage defaults out of short sale into…
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The Worst (and best) Residential Real Estate Investment I Witnessed

economy
As a real estate broker licensed in the state of Oregon and I’m a leading short sale specialist in the Portland area I was recently asked to share my opinion of the best/worst investments I've seen in real estate. My opinion as a Realtor does not constitute, legal, tax or investment advice. Lastly, the question of absolute worst real estate investment also incidentally leads into one of the better investments I’ve seen. The Worst Real Estate Investment I Have Personally Encountered: First off, let me preface this by saying that condo developments have proved very profitable in a number of cases. However, in this specific example things unraveled to devastating effect. In the years leading up to the housing crash a wealthy extended family in my area developed a condominium…
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High-End Homes Soar, Low Price Homes Tank

economy
National Housing Market: Luxury Homes Sales Soar, Affordable Homes Falter The volume of homes selling in working and middle-class price ranges is falling dramatically, while at the same time sales of luxury homes are ramping up by very large margins. Mortgage bankers note that new loan applications are on the rise for properties with an asking price of over a half million Dollars whereas the numbers of new loan applications are dropping in every other real estate pricing tier. Nationally, closed transactions of $250,000 or less have sagged by a jawdropping 12 percent when compared to last year, according to Bloomberg.com. United States Economy Grew by 1.9% Last Year, Portland Real Estate Went Up 12.1% Median sale prices of residential real estate in Portland, OR rose by 12.1% ($316,400 versus…
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Happy Valley Oregon Market Update

Buying Real Estate
Happy Valley Realtors Whether you're looking to sell or buy it's time to put our experience to work for you. We stayed in business throughout the recession and proved that we've got what it takes by working hard and also staying ahead of market trends. simply put, we're a dedicated team of real estate agents and we'll get the job done right. Hire The Experienced Team of Realtors We look forward to helping you today: 503-473-8001 [caption id="attachment_3456" align="alignright" width="300" caption="Area Market Conditions"][/caption] Housing: Recent Market Trends Median list price for Happy Valley, Oregon homes for is at $399,900 with an average of 180 days on market. An RMLS search of the area shows 26 detached homes sold in the 97086 zip code between 8/13/12 to 9/13/12 at an average…
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Lake Oswego Realtors

Short Sales
Short Sale Facts We get paid from the bank's proceeds at closing.... you don't personally owe us money. financial Hardship takes many forms... even if you're still working and earning money there are short sale options. There are protections in place for Oregon Home Owners facing foreclosure... we can help you. Mortgage Debt Forgiveness applies to most Oregon home owners: Learn More on the IRS Site and then call us. We are Brokers Licensed in The State Of Oregon with Oregon Realty Company... we are backed by 63 years of stable & reliable service. If you live in Lake Oswego and need to get a fresh start call us to learn how our experience can help you. In this economy many people are tired of making excessive mortgage payments on…
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Buckman Real Estate Agents

Real Estate, Short Sales
We are Licensed Agents experienced in short sales serving the Buckman Neighborhood of Southeast Portland (Oregon Realty Co. Brokers Licensed, State of OR). As Realtors in good standing we take our excellent track-record of successful short sale transactions very seriously. Our extensive experience gained from completed short sales give our new clients much-needed insight into what bank negotiators have done in past negotiations so our clients have realistic expectations and can plan ahead with strategies that get results. The Buckman neighborhood occupies a section of Southeast PDX and a very tiny part of Northeast PDX. The Buckman neighborhood's boundaries are the Willamette River on the west, East Burnside Street on the North (with exception to the triangle between 12th and 14th where Sandy boulevard forms the border, 28th Avenue on…
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Home Values Portland

Portland Real Estate Market
[caption id="attachment_2551" align="alignright" width="300" caption="Home Prices | Housing Market"][/caption] For this week home values have remained stable in that the median asking price for Portland Real Estate Listings is $279,000 while asking price per square foot has remained steady at $146 per square foot asking price. Some Housing Market Indicators such as buying action from strong (well-qualified) buyers have been trending down of late and some uncertainty remains over what impact this will have on a continued, sustainable housing market recovery. Residential Housing Trends [caption id="attachment_2552" align="alignleft" width="300" caption=" "][/caption] When the aspects of housing market supply and demand are considered the market may be cooling off a bit. While sale prices have been going up this may be due to buyers purchasing larger and more modern or desirable properties…
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Portland Homes For Sale

Buying Real Estate
To shop the latest in listings, please visit our newly updated Portland Homes For Sale page. When people think of Homes For Sale in Portland, buyers wanting the best deals are increasingly willing to consider distressed properties... And, in this economy who can blame them. Sellers looking to dump negative equity often opt to hire short sale negotiators (such as ourselves) to market the property and handle presenting documents to the bank while maintaining regular contact with bank asset managers. These types of transactions often represent significant savings for savvy buyers willing to put in the time necessary to get one of these deals. With excellent Free Search of Foreclosure Listings today's clients are better informed than ever. Great deals do exist! Call us today to find out more about…
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