Measure 49 Update for Buyers and Sellers!
Thursday, November 22, 2007
Read the latest on Measure 49 :
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Real Estate Information Archive
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Displaying blog entries 1991-1996 of 1996
Buena Vista Homes Come to Auction in Sandy
Sunday, November 18, 2007
If you've traveled through Sandy recently the signs are hard to miss. Auction signs spring up on both East and West sides of the town signaling an auction of 32 homes owned by Buena Vista builders.
Twelve of the homes are located in Cascadia Village and the balance are in the Hamilton Ridge subdivision.
Details may be found at this link:
It's the case of overbuilding during economic changes and not selling your inventory. This impacts not only other single family homeowner's in Sandy who are trying to sell right now but also homes further up the mountain in Welches, Brigtwood and Rhododendron. Single family homes in subdivisions are up against some stiff competition with auctions and standing inventory from Rhodododendron to Gresham!
Mt. Hood Christmas Trees
Sunday, November 18, 2007
Looking for a great family event? Come to Mt. Hood and cut your Christmas tree in the Mt. Hood National Forest. Our family has taken this adventurous route in the past and it is FUN!
You can cut up to one tree 12 feet tall. Permits will be available starting the Monday before Thanksgiving at these locations:
Mt.Hood National Forest Headquarters
16400 Champion Way
Sandy, OR (SE 362nd and Hwy 26)
503-668-1700
Monday thru Friday
7:30am to 4:30pm (closed 11:30 to 12:30 for lunch)
Zigzag Ranger District
70220 E. Hwy 26
Zigzag, OR
503-622-3191
Monday thru Saturday in November 7:45am to 4:30pm
Through December 17th, Saturday and Sunday from 8am to 2pm
The Real Mortgage Story
Tuesday, November 13, 2007
How about some real statistics about what is happening in the "mortgage crisis".
Did you know that the "mortgage problems" are mostly in seven states? Three are Ohio, Michigan and Indiana. These three states had problems three years ago and these problems were due to job losses. Real estate is "local" and jobs have a great deal to do with any local real estate market. Until jobs are increasing, these areas will continue to have problems.
The other states, California, Arizona, Florida, and Nevada were basically overbuilt. They now have excess inventory. the speculators that were purchasing mutiple homes and condos in mass- picking up 5 or 6 properties are the ones who are crashing and cannot make their mortgage payments.
The other 43 states are doing pretty well. In fact, in these states foreclosures have actually fallen from 2006 to 2007.
Did you know that 35% of homeowners in the United States have NO MORTGAGE!
The real numbers are that 94.88% of loans are doing fine. Even 75% of subprime mortgages are performing fine. In reality, only 3% of loans are "in trouble".
To read some of the articles in the news you would think the entire market was crashing when it really isn't.
National Forest Cabins: High Learning Curve for Purchasers!
Sunday, November 11, 2007
One of THE most popular properties to own near Mt. Hood are the forest cabins located in the Mt. Hood National Forest. Pristine settings along creeks and rivers with old growth trees and 1935 cabins nestled in the woods are a treat . These cabins are located only one hour from Portland near Mt. Hood. They make a fantastic vacation spot due to their close proximity to skiing, hiking, and other mountain amenities!
Learning about this program has a high learning curve. The first step is reading the permit/lease so you know what is involved with ownership.
For more details visit www.MountHoodCabins.com or send an email to [email protected]
National Association of Realtors Portland Area Outlook
Sunday, November 11, 2007
To keep you updated on the latest info on the Portland Metro area real estate outlook, I have provided a link to the October 2007 National Association of Realtors info. You can read this document and find out appreciation rates, subprime lending numbers, foreclosures and other interesting projections based upon economic factors and interest rate movement. Hit this link to download.
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