real estate: Sales Volume Warms Up | Portland Sales Volume Report | March 2014
- 04/02/14 02:38 AM
Sales Volume Warms Up 613 homes were sold in Portland in March, up 121 from February. Rising prices mixed with low inventory have the number of homes changing hands still very low. Wild cards: Interest rates have dropped again which should help buyers afford higher purchase prices. Sellers are listing earlier this year so expect to see the slowdown bounce back before we get to mid-Summer. I’m predicting around 650 closed sales in Portland (RMLS areas 141, 142, 143 & 148) in March.
Sales volume is a leading indicator for price. To help predict where the market is going I publish this sales … (0 comments)
real estate: Kenton - Portland Neighborhood Real Estate
- 01/20/14 07:18 AM
Kenton is definitely evolving and ready to show the greater Portland area that it has a special uniqueness to it. Neighborhood locals are friendly, approachable and have a deep sense of community. Located in North Portland and bordered by Arbor Lodge, St. Johns, and Piedmont neighborhoods, Kenton is in close proximity to the Max light rail which is located on nearby Interstate Avenue, giving residents easy access to the rest of the city. Having said that, a drive to downtown Portland is only a mere 7-8 minutes away in good traffic conditions, and a bike ride is about 25 minutes away, and … (0 comments)
real estate: Plant a garden, harvest a sale
- 07/13/10 04:27 AM
It turns out going green does pay in Portland Oregon. For sellers that are wondering what they can do to get an edge over the competition the answer might be right under your feet. Portland realtor Nick Krautter recently completed a survey of homes sold in the last month and came up with interesting results. "It turns out having a garden increases your chance of selling and greatly reduces time on market," Krautter explains. "I wanted to see if there was relationship between gardens and success in selling a home and it turns out about 25% of homes sold in the … (3 comments)
real estate: Portland Inventory Report | November 2009
- 11/04/09 10:10 AM
PORTLAND INVENTORY STABILIZES Over the last few months the Portland metro inventory has been hovering in the seven month range. While this is slightly higher than a balanced six months, prices have seen a slight increase. Expect inventory to go up over the winter and prices to come down as more banks sell property at discounts while individual sellers wait until spring to sell. This localized home inventory report helps give context to the metro statistics that often make headlines. Real estate is a local affair and this report shows which parts of town and which types of property are selling … (0 comments)
real estate: So you want to invest in Real Estate?
- 10/23/09 04:49 AM
With winter coming and investors flocking back into real estate I wanted to give you my short guide to investing in real estate. Benefits of real estate: 1. Leverage: You can borrow most of the money needed to buy the asset 2. Insurable: Insurance protects your asset 3. Income and Appreciation: If done right you can make money every month and then more when you sell or trade 4. Taxes: Depending on your status you can write off some or all of the depreciation of buildings [check with your CPA]. You can also do a 1031 exchange and defer your capital … (0 comments)
real estate: New money to buy Foreclosed properties
- 09/14/09 01:40 AM
The city along with state and federal agencies have a created a new program called the Neighborhood Stabilization Program. With federal and state Neighborhood Stabilization Program funding, the program will help homebuyers purchase a home of their own by providing them a silent second mortgage of up to $50,000 for down payment, closing costs and home repairs. This new money is not yet available but the expectation is that by October these loans will be available to buyers. The secondary loan does not accrue interest and does not require monthly payments. The program does have a declining five-year share of appreciation … (2 comments)
real estate: The end of free money?
- 08/10/09 01:53 PM
This morning on my guest spot as the real estate expert on KXL-AM I spoke about my instinct that there is a coming storm for first time buyers or anyone buying in the under $300,000 price range. 1. I think the first time home buyer tax credit will NOT be extended. Right now you have to be in title by December 1st, 2009 [that's this year folks!]. Considering loans are taking longer to fund you're looking at 45 days on average from acceptance to closing. That math means that you need to find your place by the first week or October … (0 comments)
real estate: New in August: Loan Disclosure Changes
- 08/03/09 01:10 AM
Starting August 1st of this year, the Mortgage industry at large will be operating a little differently... specifically, operating MORE SLOWLY. August first is when the Mortgage Disclosure Improvement Act becomes enforced. Now like many government regulations, its reason for existence is quite noble and good. The reason they have this is to protect borrowers from having their loan terms changed at the last minute, and forcing them to sign paperwork on a loan they didn't agree to. Of course, we've all heard horror stories and as a lender, my main objective is to manage the expectations of my borrowers as … (0 comments)
real estate: 102% Financing through USDA adds 9 areas
- 07/10/09 02:38 AM
The USDA loan program is a fantastic option for buyers in rural areas that allows 102% financing. Last week the USDA added 9 areas to their list of qualified locations. There are income limits but the rates are competitive. Newly eligible areas: Altamont, Coos Bay, Cornelius, Forest Grove, Klamath Falls, North Bend, Roseburg, Wilsonville, and Woodburn Previously these communities were improperly classified as ineligible, on the basis they were "too large in population or not rural in character". The Acting State Director has determined these nine communities to be eligible rural areas based upon our review findings and recommendations. Eligibilty map … (0 comments)
real estate: First Time Buyer Seminar this Saturday May 23rd 11am - FREE
- 05/22/09 03:15 AM
FIRST TIME HOME BUYERS SEMINAR Hosted by Nick Krautter of Keller Williams Realty, James Adair of Mortgage Trust and Grant Folske of RF Associates LLC. If you've been thinking about buying a home for the first time and don't know where to start then don't miss this seminar. Did you know that qualified first time buyers can now use their $8,000 tax credit as a downpayment??? More info here When: Saturday May 23rd from 11-1pm.Where: 700 NE Multnomah 3rd Floor James, Grant and I will be talking about: - The home buying process - The benefits of home ownership, - Tax … (0 comments)
real estate: How to Buy a Home
- 03/30/09 02:10 AM
There are a lot of good deals, government incentives, and low interest rates out there. So what are the top five things you need to know when buying a home? 1. There are a ton of homes available, how do you narrow the search? - Make your top 5 list: price?, location?, size?, number of beds/baths?, schools? 2. Can you still get a loan? - Yes, there are still loans but credit is important, with FHA you only need 3.5% down – Get preapproved by your bank or mortgage broker. Lending is one of the most volatile parts of the … (0 comments)
real estate: PSU Quarterly Report Q1 2009
- 03/09/09 02:40 AM
When you want the best info on the market here in Portland the PSU Quarterly Report is the place to go. Skip to page 48 for the residential report or read the whole thing. Report Here … (0 comments)
real estate: How to get $8,000
- 02/23/09 01:59 PM
There is a new program for 2009 which could possibly make you $8,000 richer in the form of a tax credit [which you don't have to pay back]. 1. Buy a home in 2009 [Before Dec 1st 2009]2. Be a First time buyer [You can't have owned another primary residence in the last 3 years]3. Don't make more than $75,000 a year [more than this and you get less of the credit until if you make too much you get nothing]4. Keep your home for 3 years [or you have to give the money back] Read this for more details … (0 comments)
Sales Volume Warms Up
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