Posts Tagged buying or selling investment property in portland oregon

Stories from the Real Estate Trenches……Fear and Loathing in Portland, Oregon!

January31
"Fear and Loathing in Las Vegas" soundtrack compilation   Despite indications that both the local real estate market and the local economy are ever-so-slowly stabilizing and/or improving, the ridiculous and the sublime often still reign supreme!!  I see two major obstacles to the real estate recovery:  extremely over-reactive mortgage lending practices and our new, revised and "improved" appraisal guidelines!  Of course, I realize that this is the pendulum swinging completely the other direction, as a reaction to the "loosey-goosey" mortgage loan underwriting which helped prop… Read More

Wanna Buy A House? Then, Don’t Make These Mistakes….

January26
Fiona Apple sings "A Mistake" The mortgage market has been challenged for several years in the Portland Metro area and nationwide!  Money is available but good credit is paramount.  Here are some verifiable ways to avoid "mortgage pitfalls" compiled from suggestions from several of my favorite mortgage brokers!! Don't stop making your mortgage, rent, auto or any other payment!!  If you have a late payment, even on a silly $10 a month credit card it could mean the difference between "yes" and "no". Don't buy or lease an auto!!  Lenders look carefully at your monthly debt obligation… Read More

I Need a Job……..

January24
"I Need this Job" from A Chorus Line. yeah...that's right!  I NEED a job!!  And, I'm not just referring to the fact that in a real estate career, you wake up every morning looking for your next job.  I'm referring to a deep requirement for that feeling of accomplishment and fulfillment. I've always been a hard worker, nose-t0-the-grindstone and all that jazz.  In the last few years I've been giving myself the gift of more travel.  And, it IS a gift!  I've always had a sense of adventure and have enjoyed new experiences but I've had the recent luxury of getting away more.  And, I… Read More

January 2012 Portland Metro Real Estate Update!

January18
  January 2012 Portland Metro Real Estate Update!!! The “word” for the last several months of market stats has been “improvement”.  And, last month was no different!!  Closed sales saw a 10.3% increase and pending sales saw a growth of 19.3%.  And, get this!!!  We are now at 5.3 months of inventory (there are currently 8,612 active residential listings).  In the last 3 years we have been at a high of 19.2 months of inventory and this is the lowest in that time period!!  The average sale price dropped 6.7% compared to 2010.  So, in some areas pricing is still declining… Read More
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