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lake oswego: Can Portland Market Survive the End of the First Time Buyer Tax Credit?
- 05/04/10 02:52 AM
By just about any statistical measure, real estate sales in the Portland real estate market are way up.
Here are the numbers… 1,799 homes sold in Portland during the month of March, a 52% increase from March of 2009. Pending sales are up 46%, and new listings are up 35%.
The numbers are eye popping. But is this surge a result of an improving economy. or was it just buyers scrambling to get it under the April 30 expiration of the $8,000 home buyer tax credit put in place last fall?
To qualify for the tax credit, buyers had to be … (0 comments)
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lake oswego: Bailouts Make for Strange Bedfellows
- 02/05/09 02:41 AM
So the latest thing out of the nation's capital is a proposal that would limit the salary of bank head honchos...if the bank they work for is taking Federal bailout money.
And you might be surprised where newly elected President Obama is finding support for this plan. More on that later.
The cap is $500,000 in cash salary, but, execs can earn a nearly unlimited amount in restricted stock. How is it restricted? It doesn't fully vest until the bank pays back you and I and the rest of the American taxpayers, for the so-called TARP money.
So in order to … (0 comments)
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lake oswego: Fannie and Freddie Takeover Triggers Opportunities
- 09/11/08 11:08 AM
Home buyers and holders of existing mortgages were the first beneficiaries of the Federal Government's decision to take over mortgage giants Fannie Mae and Freddie Mac this past weekend.
To give you the details...Before the decision was announced the so called FNMA 5.50% coupon closed at $99.40. By Monday, the FNMA 5.50% OPENED at $100.50 and closed up over 100 basis points near $101.30. All that turned in to a .5% drop in fixed mortgage rates.
For historical perspective, fixed rate mortgage rates have not been this low since February of 1995.
So what does it all mean for buyers, and … (0 comments)
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By just about any statistical measure, real estate sales in the Portland real estate market are way up.
;)
;)
