Portland Metro Area Distressed Property Numbers from RMLS
Tuesday, October 22, 2013
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First Time Home Buyers
Monday, October 21, 2013
If you are a first time home buyer or a buyer with minimum down payment pay attention to recent news concerning Fannie Mae. Currently you can get a mortgage with 3% down. Many buyers have applied for a conventional loan with 3% down vs. an FHA loan due to the high upfront PMI (Private Mortgage Insurance) required by FHA. FHA loans have been losing out to Fannie Mae conventional loans due to PMI.
This November Fannie Mae will be increasing their down payment requirement to 5% instead of 3%. If you get your approval now and close by March 15th you can still get the 3%.
The mortgage insurance on Fannie Mae loans tends to be lower than the FHA insurance but that is dependent upon your credit scores.
So, the bottom line is if you are buying and want to get the best deal for a 3% down payment, you need to act NOW. See your mortgage professional for addition details.
Fourteen September Sales on Mt. Hood
Saturday, October 19, 2013
Today's buying opportunities can't be beat! Recreation lovers are snapping up Government Camp condos like never before. A total of five Government Camp condos sold in September with the luxury Grand Lodges hitting a record number with three sales in one month. Three of the fourteen sales were short sales. There's been a record number of short sales on the mountain this year with more to come. Our equities have not been rising at the same rate as Portland Metro area with around 12.5% over the past year. We hope the increase in Portland's home equities will eventually come to the mountain to help boost our sales too!
Fall Sales on Mt. Hood Are Solid
Saturday, October 19, 2013
Fall real estate sales for the Mt. Hood area have been consistent with the rest of the year. Although the RMLS reports a total of 11 sales in Welches, Government Camp, Brightwood and Rhododendron, the real number is 14 for the month.
Take a look at the total market time for the month! 340 days average. Where did that number come from? Well, with three out of the 11 sales being short sales with over 300 and 400 days on the market, it really skews the statistics in a negative way. So don't take this as a true number for all recent September sales.
There's no doubt it, there's plenty of inventory out there with 146 properties for sale. Even more came on the market in September with 26 new listings. Sellers coming to the market based on the good news that things are picking up and the real estate market is stabilizing. October saw a major stall out with the government shut down and the anxiety of the debt ceiling left many buyers on the side lines. Now that the drama is over for the time being I expect inventory to stay strong through the fall.
Government Camp Real Estate For Sale
Friday, October 18, 2013
It's that time of the year when many buyers start thinking about ski season and that trek up to Government Camp in the winter. Welches is covered in yellow and red leaves, the Hood River fruit loop is in full swing and skiers are thinking about first snow. Timing could be perfect if you get your home or Condo on Mt. Hood before the snow flies. Whether you're on Blossom Trail or Mossytree Lane, Government Camp is the place to be in winter when the snow flies!
Check out what's for sale today!
Government Camp Condos with thirteen available units
Homes and Cabins Under $300,000 including National Forest cabins near Government Camp
Build your own chalet-there's still land available!
All properties in Government Camp
Mt. Hood Glacier Caves
Wednesday, October 9, 2013
OPB will be presenting "Thin Ice" a stand alone production about the largest discovered glacier caves, outside of Alaska, in the United States right here on the Northwestern slopes of Mt. Hood in the Sandy Glacier. Oregon Field Guide will be airing several episodes of the exploration of the cave with explorers and mappers Eddy Cartaya and Brent McGregor with Oregon Public Broadcasting's Amelia Templeton. Frozen waterfalls and up to 80 foot wide caves will first be seen for many on this presentation!
- Thursday, October 10 at 8:30 p.m. on OPB TV
- Sunday, October 13 at 1:30 a.m. on OPB TV
- Sunday, October 13 at 6:30 p.m. on OPB TV
Mt. Hood Log Cabin In Timberline Rim
Saturday, October 5, 2013
Bart's cabin is a stunning log cabin across the street from the Sandy River in Timberline Rim. A well built log home with one large master bedroom and a cozy loft for guests. High vaulted ceilings with skylights, paned windows, and a beautiful stone fireplace make this a special place. Perfect for vacation cabin or full time living. It sits on a third of an acre so plenty of room to spread out. A log garage is detached from the cabin and serves as a one car garage and shop area for toys or woodworking.
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Timberline Rim is a riverfront community with low association fees and amenities include pool and tennis court. Located in the Mt. Hood Cascade foothills it's only 20 minutes to premium ski areas, tons of hiking trails in the Mt. Hood National Forest, a 27 hole golf course at the Resort at the Mountain and for mountain bikers, nationally re-known Sandy Ridge Biking Trail just down the street! Take a tour below.
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Mt. Hood Home Buyers
Saturday, October 5, 2013
If you're currently in a transaction in the Mt. Hood area, or starting one, and are getting an FHA, VA, USDA or conventional loan, you might be wondering what the current government shut down is doing to your loan and transaction. Read about NAR's summary of the delays for each loan and the impact it will have on your purchase. Which government services are having an impact on your loan? The IRS and social security divisions are needed for many types of loans so this "might" cause delays. USDA loans are dead in the water. Current processing times for USDA are already three weeks out so this could cause even more of these loans to have long delayed closings!
Displaying blog entries 1-8 of 8
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