RECENT BLOG POSTS
In previous posts I have described how inventory, market time and sales activity typically affect pricing and market stability. Some of the relationships between the aforementioned indicators have been quite abnormal over the past few years in part because of the influx of toxic assets (i.e. shor...
Whether you are new to an area or if you have lived someplace for years, most people usually want to keep tabs on the best places to eat. Well...even though such a topic is highly subjective, local restaurants get ranked from time to time. Click here to see if your favorite spot is on the list!...
The numbers are in for January 2011...in the Portland Metro area the average sale price was $248,900, average market time was 160days, there were 1,035 closed sales and 3,128 new listings. Compared to January of 2010, new listings were -20.5%, pending sales were -3%, average sale price was -11.9%...
Sunset magazine included Portland in "The West's Best Places to Live"... Read more at www.metromarketnews.com
HUD secretary announces that lenders will be permitted to allow homeowners to use the $8,000 tax credit as a down payment. READ THE REST OF THIS POST AT www.metromarketnews.com
In light of the recent real estate market trends and condition in addition to the shake up in the financing industry, buyers and sellers are beginning to implement creative ways to get deals done. Trades, private financing and short sales are some of the most common developments in the market. Ma...
Obviously, there are good deals and bad deals in every area of the city. However, there are clearly parts of the Portland Metro area where home values are declining and there are other parts where significant appreciation is still occurring. It goes without saying that purchasing real estate wher...
What is a short-sale? Essentially, a short-sale is negotiating with a mortgage holder to accept less than what is owed on a property as payment in full.Why would a bank accept less than what they are owed on a specific property? There are several reasons but often times it boils down to the fact ...
Over the last few years, Portland has been slowly recognized as a destination city on the west coast. Despite the fact that it is flanked by high profile cities like Seattle, San Francisco and Los Angeles, an increasing number of people have decided that Portland is the place where they want to l...
In most normal circumstances, properties sell for less than the asking price. If one were to look at almost any comprehensive market analysis for a given area, the average price for the SOLD listings would likely be less than the average price of the ACTIVE listings.In abnormal circumstances such...