sellers: Since January, 134 mortgage companies have gone out of business.
- 06/06/07 04:15 AM
Our Oregon legislators are about to run amuck again - please contact your representative and senator and plead with them to kill Senate Bill 965 Regarding Oregon Senate Bill 965: Here's an interesting article from the Oregonian. The Bill is receiving some criticism. However, it's been slanted to look like it's only coming from the mortgage lending community. Read it HERE. I have also attached another brief commentary. It is very important that the lawmakers hear from folks outside of the lending industry. This Bill will have very real consequences for the housing market as a whole if it passes in it's current form. It … (0 comments)
sellers: Portland Metro Market Action - April 2007 Report
- 05/15/07 09:05 AM
Portland Metro Market Action - April 2007 AffordabilityFor the second time since RMLSTM began recording Affordability in June 1994, a family earning the Portland area's median income ($63,800 per HUD) made slightly less (95% based on a formula from NAR) than needed to purchase the median priced home in March 2007 ($286,200). This is a new low, the previous was 97% in June 2006.This is not cause for concern, unless your are a Seller that is over pricing your property based on last years market trend. The appreciation rate compared to a year ago continues to decline, and in my opinion … (0 comments)
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