Portland Real Estate Update by Janeese Jackson » commercial real estate http://fabulousportland.com all about Portland Oregon including real estate, investment properties and general "of interest" Wed, 08 Feb 2012 19:08:48 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 House Hunters Still Busy with the Holidays!! http://fabulousportland.com/2009/12/29/house-hunters-still-busy-with-the-holidays/ http://fabulousportland.com/2009/12/29/house-hunters-still-busy-with-the-holidays/#comments Tue, 29 Dec 2009 17:53:19 +0000 Janeese Jackson http://fabulousportland.com/?p=302 Lockbox Activity Dips Again

Potential House Hunters Still Busy With Holidays

When comparing the week of December 14-20 with the week prior, the number of times an RMLS subscriber (could be a Realtor or appraiser) opened a lockbox decreased 2% in Washington state and 7.2% in Oregon.
  

Washington

Supra Lockbox Activity Washington - Dec. 14 - 20 

 

Oregon 

Dec. 14 - 20 

Usually we see activity begin again as usual around mid January! However, on a brighter note (and looking at the “big picture”), the National Association of Realtors indicates that existing home sales increased 7.4% to an annual rate of 6.54 million units.  This is the fastest pace since February 2007.  The housing market, which has been a “major player” in the most painful US recession in 70 years, is starting the stabilization process according to many analysts.  My concerns still remain regarding our Oregon and Portland area unemployment figures and a concern about the stability of the commercial real estate market!  Over the holidays, as I’ve walked the city, I see more and more small businesses completely shutting their doors and even larger retailers consolidating.  All are leaving “big holes” in commercial retail space, which seems to sit empty for longer and longer periods of time.  I’m looking to a brighter and bustling 2010.  Happy New Year to all!
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