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Predictions From Concord Group on Recovery

Friday, October 15, 2010
by Liz Warren

The Concord Group, a real estate strategy firm predicts that recovery for the current real estate market will begin in the first quarter of 2012. Their prediction is based upon the current 18 months worth of inventory in the market.

Today's market in the Mt. Hood Area including Government Camp, Brightwood, Rhododendron and Welches has an 18.4 month of supply and 147 active listings including homes, condos and land.

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Mt. Hood Area Foreclosures

Sunday, October 3, 2010
by Liz Warren

Nationally, foreclosure buyers received a 26% discount when purchasing foreclosed properties if they purchased in the second quarter this year. Pre Foreclosure buyers received a 12.97% discount. REO or bank owned foreclosure buyers were able to receive a 34.54% discount for their purchase in the second quarter.

According to RealtyTrac, about 24% of sales in the U.S. were foreclosures! The hardest hit states were California, Nevada and Arizona averaging nearly 50% for all of them combined.

Oregon, in the second quarter had around 25% of sales as foreclosures. Of course these foreclosures impact pricing and are creeping into appraisal comparables if they are near a home that is selling. Bad news for sellers due to the impact they have on their values.

The good news is for buyers, there are many properties to choose from. Here is a list of the foreclosures currently for sale in the Mt. Hood area from Government Camp, Rhododendron, Welches, and Brightwood:

Mt. Hood foreclosures

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Ten Reasons To Buy A Home Now

Tuesday, September 21, 2010
by Liz Warren

The recent media bash for homeownership by Time Magazine was disappointing to read. The housing bubble and crash was not created by "homeownership" it was created by EASY CREDIT and LENDING PRACTICES.

A recent article in the Wall Street Journal by Brent Arends explains why this is the perfect time to purchase a home. Here is a summary:

 10 reasons to buy a home on Mt. Hood

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Mt. Hood Real Estate August Sales 2010

Wednesday, September 15, 2010
by Liz Warren

Great News! All five of the Mt. Hood area real estate sales this past month were non foreclosed properties! Most months about half of the sales were distressed foreclosure sales.

Here are the sales:

Another forest service cabin sold and one Clear Hills Condo unit closing at $190,000.

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Unbelieveable Value! Home and Shops on Acreage at Mt. Hood

Wednesday, September 8, 2010
by Liz Warren

$309,500   No Misprint!!!! This is really the price!

This immaculate property has everything you might want on acreage! The price has just been dropped to $309,500 because the sellers are ready to move. The home is very well built and shows pride of ownership throughout. A floor to ceiling fireplace in the living room with high vaulted ceilings is a fantastic place to relax.

Spread out on 3.6 acres of land complete with a seasonal creek and pond.

You will enjoy the two shops and tons of storage areas on the property. The views are fantastic and there is lots of sun!!!

Play VisualTour

 

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Price Reductions on Mt. Hood

Saturday, August 28, 2010
by Liz Warren

As the media reports on the slowing sales numbers in July many mountain property owners took this as a sign to drop their prices. At least 15% of homes currently for sale in Government Camp, Welches, Brightwood and Rhododendron dropped their prices in the past two weeks. That's around 20 detached homes and lot prices for 5 properties also adjusted.

Perhaps one of these properties were on your list. Here they are:

Mt. Hood Price Changes

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Screaming Great Buy on the Sandy River at Mt. Hood!

Sunday, August 22, 2010
by Liz Warren

Ok, I'm not kidding, this is a custom built newer home right on the Sandy River with wonderful finish work, a gorgeous kitchen, granite counter tops, vaulted ceilings, propane fireplace, decking, an over sized garage right on the river with a recent price reduction to $349,000! Take advantage of today's historically low interest rates and get your mountain getaway today.

Mt. Hood Sandy Riverfront Custom Home

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New Mt. Hood USDA loans

Wednesday, August 18, 2010
by Liz Warren

The recently funded USDA loan program has just been refunded for our area. This includes Welches, Rhododendron, Brightwood and Government Camp. This program is for low income earners and is in very high demand. The loan is 100% financing!

Details may be found here.

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Mt. Hood Sales for July 2010 on Mt. Hood

Sunday, August 15, 2010
by Liz Warren

If you've kept up with recent reports you will find that the majority of sales for 2010 were pushed up to the first half of the year due to the first time home buyer's credit. Sales plummeted since that time. Buyers who may have bought later in the year pushed their plans forward leaving a 30% drop in sales for Jully.

Brightwood, Rhododendron, Welches and Government Camp saw three closed sales for residential properties for the month of July. Two of these homes were foreclosures. Here are the sales:

Mt. Hood sales for July 2010

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To Buy or Not to Buy Mt.Hood Properties

Tuesday, July 27, 2010
by Liz Warren

The fact is, this is probably the best time in the past 80 years to purchase real estate. Swelling inventories and unbelieveable interest rates have created this opportunity. Not only is a house a home but what about the investment opportunities.

Here is how the housing values compares with the stock market over the past decade.

Mt. Hood Stock vs. Real estate

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Displaying blog entries 691-700 of 795

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