oregon: Empty Nesters No More - Adult Kids Moving Back Home - 03/26/08 11:34 AM
The slumping economy is now forcing baby boomers to move back with their parents, resulting in financial consequences for all. Some have lost jobs. Others are suffering the consequences of overextending themselves with larger houses then they could afford, real estate investments gone bad, or just buying to much "stuff". While … (9 comments)
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oregon: New Home Sales at 13 Year Low - 03/26/08 09:36 AM
According to MarketWatch, "Sales of new homes in the United States fell to a 13-year low in February, dropping 1.3% to a seasonally adjusted annual rate of 590,000, the Commerce Department estimated Wednesday. Sales have fallen four months in a row and are off about 30% in the past year. The … (0 comments)
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oregon: JP Morgan to buy Bear Stearns? Get ready for a rough Monday!! - 03/16/08 07:03 PM
According to MarketWatch, J.P. Morgan Chase & Co. reportedly has agreed to buy Bear Stearns Cos. for $2 a share in a stock-swap deal. Evidently the set price will be $2 per share. It appears that both boards have approved the sale and are trying to put it together prior to … (9 comments)
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oregon: Market Report - Like a Bull in a China Store - 01/24/08 01:21 PM
Wow, what a difference a day, or for that matter, a few hours make! Yesterday, shortly after my post the stock market rallied and we lost about .75 basis points on the mortgage backed securities, and so far today another .31 basis points. This means that while we were looking at … (0 comments)
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oregon: Portland Oregon - The Best Place to Have a Baby - 01/24/08 12:57 PM
FitPregnancy Magazine has listed Portland, OR as the top city in the nation for having a baby. Just another reason to live or move here. Portland, and the surrounding cities are considered some of the best places to live for many reasons, and according to a number of different sources.
In this study, Portland … (1 comments)
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oregon: Lions, Tiger and Bears...Oh My - Market Report - 01/23/08 10:35 AM
What was looking like a ho-hum week has turned into a block buster. While our markets took Monday off to celebrate Martin Luther King Jr's birthday, the European and Asian markets tanked in fear of a US/Worldwide recession. In reaction to that, our Fed cut the Prime rate by .75% in … (3 comments)
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oregon: Larry Morris Earnes Certified Mortgage Planning Specialist (CMPS) Designation - 11/16/07 10:49 AM
Newberg, Oregon - I have finally passed the qualifying exams to earn the Certified Mortgage Planning Specialist (CMPS) designation. It's taken me a couple of years and a lot of procrastination, but this slow down has alloed me to further my education and my ability to help you, my clients.
The CMPS is granted by the … (2 comments)
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oregon: Our Big Tax Surprise - AMT - 11/16/07 09:45 AM
Many Oregonians could be hit by a big surprise next Tax season. It's the Alternative Minimum Tax (AMT), which was originally designed to hit only the ultra-wealthy. Well guess what. You're probably considered "Ultra-wealthy".The AMT is trapping an alarming amount of the middle class, especially those who own homes and live … (3 comments)
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oregon: St Paul Rodeo - June 29th thru July 4th - 06/08/07 12:02 AM
One of the best things you can do this 4th of July Holiday in the greater Portland area is to experience a real western rodeo at the St Paul Rodeo. Complete with parade, rodeo clowns, cowgirls and cowboys, this is a blast!! Fireworks every evening. Carnival and concessions and the St Paul Catholic … (0 comments)
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oregon: See Ya at the Closing - 03/31/07 01:28 PM
Several months ago I was meeting with a Realtor friend and we were discussing our businesses. I mentioned that I was constantly improving my systems and was looking at what I could do to thank the Realtors on both sides of the transaction. My thought was that a good car wash … (9 comments)
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oregon: Portland Oregon 2nd Highest Appreciation in Nation - 03/28/07 06:20 PM
Standard and Poor's has reported that Portland Oregon has the 2nd highest increase in home value as reported in the Portland Business Journal. While an increase of 8.7% isn't exactly setting records, it is much better then most of the rest of the nation. Nationally, according to the report, our 20 … (0 comments)
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oregon: Is My Rent to High?? - 03/25/07 12:20 PM
As a mortgage professional I'm constantly asked to determine if a property will cash flow. This is always a hard question to answer without knowing what the rent is or could be. If it's rented what would the market bear? In the past it's always taken a Rent Survey at a … (11 comments)
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