Recent Dumping of Snow in Welches January 2008!
Thursday, January 10, 2008
Real Estate Information Archive
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Measure 49 Update for Buyers and Sellers!
Thursday, November 22, 2007
Read the latest on Measure 49 :
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 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.
MONDAY MORNING COFFEE----NEW!
Wednesday, October 17, 2007
Join me for Monday Morning Coffee! I'll give a brief update on the local market and a little weekly inspiration! (This week, only inspiration) If you would like to receive this every Monday by email, please send me an email at
Place Monday Morning Coffee in the subject line. Your copy will be on its way every Monday morning!
This week's
Slowing Market This Summer?
Tuesday, June 5, 2007
The factors in play which may impact our summer selling season are listed below. The greatest impact locally will be the interest rates and the tightening lending standards. Well be keeping a close eye on the Portland market as this is reflected in our local market especially the second home market sales. Inventories are expanding rapidly for a summer of sales.
- Interest rates have shot up in the past three weeks over a quarter of a point and could go higher!.
- Lenders are tightening their underwriting standards. Some say this has slowed sales by at least 5%. We don't know the full effect yet but there's more to come. The Homeowner's Act of Oregon could have an impact on our state market!
- Inflation is somewhat stable but what about FOOD and ENERGY prices!!! Yikes. I need to sell a house just to fill my gas tank each week.
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Investors have left the "price sensitive" housing market and moved back in to the stock market with the DOW reaching record highs.
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Housing deflation? So far it has hit the big "bubble markets" of metro areas like California and Florida. It could filter down to other areas too.
- Builder sentiment is at a 16 year low so new construction will drastically slow.
Over 55 Community
Sunday, June 3, 2007
Fabulous new home on the market in Over 55 Community with lots of bonus items. Over sized lot with an immaculate three bedroom, two bath home. Vaulted ceilings and a huge kitchen, fireplace, eating bar..and the list goes on. Men will love the oversized two car garage wtih 8 foot doors. Bonus covered deck, covered patio and a view of Hunchback Mountain. You can even walk to the 27 hold golf course or up to the store for groceries.
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