Where’s the bottom of the Portland real estate market? Are home prices going to continue to fall or are they stabilizing? These are great questions. Determining answers is tricky. We’ll only know the bottom of the market when we see it in the rear view mirror. But there are definite signs of stabilization. To compare [...]
Are you thinking of buying a home in Portland? It’s July, 2010. We’re now three years into our recession/depression/darn grim real estate market. This little update will keep you informed about the current climate for home mortgages if you are buying a home in Portland. Keep checking back here. This topic changes all the time. [...]
The latest statistics from Portland’s MLS are out. The market looks better. But part of the reason is the effect of the first time home buyer tax credit. If you remember, buyers needed to have their first home under contract by April 30, 2010. That’s a Pending Sale. The transaction needs to close by June [...]
There are many signs that the Portland real estate market is slowly coming back. When we compare the numbers for April 2010 with the previous April, all indicators are up considerably. April 2010 compared with April 2009 April 2010 had closed sales up 49.1% over April 2009. In addition, pending sales were up a huge [...]
Great news for Portland. Home owners in the Portland Metro area are in good shape compared with most of the country. We have low interest rates on our mortgages and low foreclosure and delinquency rates. This is according to a study by Forbes.com which names Portland in the top ten cities in the country that [...]
Compared with March 2009, the Portland housing market is definitely improving–but slowly. There has been a significant increase in pending sales, closed sales and new listings. The number of months of inventory (which determines buyer or seller market) is down to 7.8 months–a much more normal number for our market. See the chart at the [...]
Here are the February real estate market statistics from RMLS. It’s helpful info if you are buying a home in Portland or thinking of selling your home. The February stats aren’t great. But the number of new listings, pending sales and closed sales are all better than in February 2009. So the market is moving [...]
Many first time home buyers have just 18 more days to participate in the $8,000 federal tax credit program. But there’s a one year extension of the program for some members of the military and certain other federal employees. Service people qualify if they are: members of the uniformed services, Foreign Service and members of [...]
As the First Time Home Buyer Federal Tax Credit Program winds down, other programs are cropping up to help home buyers. Here’s one for people wanting to buy a home in Portland or any other part of Oregon. Oregonians looking to buy their first home may qualify for an assistance grant from the Home Sweet [...]
Q: Hey Tim, one of my clients asked me about using one of those debt relief companies you see on TV. What do you think? A: Anne, I’d tell your client to beware of so-called debt services as advertised on TV! Here’s why: Any promise of “Instant” debt relief is likely to be a scam, [...]
