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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 Economic Conditions Economic recovery

Case Shiller's Numbers For Portland

Tuesday, May 25, 2010

by Liz Warren

It's the perfect storm for buyers of Mt. Hood properties. An incredible inventory of choices and some of THE BEST INTEREST RATES we've seen plus MANY motivated sellers!

This chart shows the Case Shiller numbers over the years for cities and how they look during different time frames from the peak of the market. I'm glad I don't live in Vegas! Of course the Mt. Hood area, which is predominately a second home market, will be greater than 21% but to pin that number down is not within my capabilities.

Portland Case Shiller Index for March 2010

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Mt. Hood Economic Conditions

Friday, March 19, 2010

by Liz Warren

The National Association of Realtors provided this information comparing the Portland Metro area economic conditions with the rest of the US. These numbers were produced from the 4th quarter of 2009. Once we regain jobs our housing market will recover.