Archive for the market conditions Category
“What We Got Here is Failure to Communicate”! Portland’s Sellers Market–Is It Time to Consider a Move???
"Cool Hand Luke" Our recovering Portland Metro real estate market is still a bit tentative and I totally understand!!! We are slowly emerging from 4-5 years (according to when you feel our recent real estate bust began and ended) of plunging property values, "underwater" mortgages and an uncertain economy!! Now increased faith in our overall economic status + historically low interest rates + diminished housing prices are luring buyers back into the marketplace at a more rapid pace than sellers are preparing for market. So, as the warden in "Cool Hand Luke" said to Paul Newman "what… Read More
George Strait - "Need I Say More?" Need I say more? Just in case you need some inspiration, here is the average Fannie Mae/Freddie Mac mortgage rate since 1983, the average FHA mortgage rates since 1993 and the 200-yr look back at mortgage rates. VERY INTERESTING! [nggallery id=43]… Read More
"Saint Patrick's Day Song" MARCH 2013 PORTLAND METRO REAL ESTATE UPDATE!! Hope you enjoyed a Happy St Paddy’s Day and don't you think there’s just a tinge of springtime in the air? As a real estate broker, I’m revving my engines and getting ready for our peak season!! So, how’s the real estate market, you ask?? I could make this quick and just say more of the same (see February)…. but, how disappointing would that be? Our metro area real estate activity remains very solid. I was thinking that, perhaps, we were off to a bit of a slower start than last year but I just… Read More
Tom Waits - "You Can Never Hold Back Spring" Portlanders get a bit “giddy” with this surge of faux Springtime weather. The seasoned Oregonian knows it’s merely a “teaser” but it’s much appreciated nonetheless!! And, we have reason to be giddy about our continued local real estate recovery, as we are “off” to a good start in 2013!! Even though closings were down from December 2012, the 1344 closed sales in January 2013 are the most for the month of January since 2007 (and January can typically be a slow month as buyers, sellers and agents tend to be distracted during th… Read More