Liz Warren
Displaying blog entries 961-970 of 1923
No misprint below. Yes, there were sixteen sales that closed in July! It's been a busy summer. There's lots of inventory to choose from. Our incredible summer weather has visitors and tourists flocking to the mountain. Take advantage of still low interest rates and buy your mountain getaway today.
The CPFB was created after the Wall Street implosion to help protect consumers from financial transactions including mortgages. In the process, strict mortgage qualifications were developed so loans that would be packaged were solid (no liar loans) and these loans were called Qualified Mortgages. If a qualified mortgage failed it would give the right to the consumer to sue the lender in the event of foreclosure. These rules for qualified mortgages were written by the CPFB.
After the Qualified Mortgage package was passed in January 2013, the director of CPFB, Raj Date, left to "spend more time with his family" and several months later created an investment advisory company called Fenway Summer LLC to make loans to people who did not qualify for the "qualified mortgage". He also hired many former CPFB employees setting his company up to make billions in future loans.
The CPFB didn't raise any alarms at what happened in their own backyard. Read the letter from the Committee of Oversight on Government Reform and the Committee on Financial Services sent out July 31st. to the current chair of the department.
Look for further news on this story in the next several months.
Coming August 17th and 18th will be the Barlow Road Ride: a bike ride over the century old historic Barlow Trail. This two day event will cover 100 miles of the Barlow Trail starting in Oregon City and ending in Government Camp! This is the perfect training ride for Cycle Oregon Riders. At the end of the line there will be a festival in Government Camp from 3:00 to 8:00 with music, beer garden, spaghetti feed and more! Checkout many more details and registration information for the Barlow Trail Road Ride.
Here's a clip from the 2012 Barlow Road Ride with highlights from the www.barlowroadride.com website.
Mt. Hood log home lovers and historians look forward to this event every year. It's the Steiner Log Home tour coming this Saturday August 10th. Enjoy your self guided tour of hand crafted log cabins built between 1920's to 1940's. You can purchase your Steiner Log Home Tour Tickets Online. (Scroll down to the bottom to purchase the ticket).
If you're in the market to purchase a log home in the Mt. Hood area, here is a complete selection that is available today.
Hit the coffee below for some Mt. Hood inspiration for the day.
It's a dream come true. Secluded setting on Salmon Riverfront acreage with a custom built house. Cedar siding with a wall of windows facing the river, hardwood floors and a floor to ceiling fireplace. Open floor plan that is perfect for entertaining and plenty of square feet to sleep your family and friends. Gourmet kitchen to cook up the big meals including granite counter tops, tile, gas stove top and stainless steel appliances. Master bedroom on the main level with French doors to step outside and enjoy the river. After entering a private gated road and crossing two branches of Boulder Creek in Brightwood, you'll come to this secluded location off Twin Bridges Road to your little piece of paradise.
The Big Bonus for this location is that it borders a 100 plus acre BLM park with trails for hiking, play area for kids, ball fields and volleyball too! Who wouldn't want a BLM park in their backyard? Only 25 minutes to premium ski slopes and the Mt. Hood National Forest surrounds the area for tons of hiking trails throughout the forest.
Only one hour to your Mt. Hood Cascade paradise. A quick drive to the airport too.
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More Details on this Custom Salmon Riverfront Home in Brightwood.
Inventory soared with 33 new properties for the Mt. Hood market this June! Pending sales are up 83% over June's 2012 sales. And total pending sales are up about 6% from last year at this time. What a difference an upturn makes. Not a large number of sales closed though with five total.
How about some sales stats for the year?
61 total sales as of today. Pricing points are as follows:
<$200,000 35 Sales
$200,000-$300,000 14 sales
$300,000-$400,000 8 sales
>$400,000 4 sales
It came as a complete surprise when June 2013 sales info came out this week. Only five properties went to closing for the month according to RMLS statistics. July numbers will certainly make up for the slow down with 25 sales currently pending. The jump in interest rates slowed applications for mortgages according to lenders but I wouldn't exactly say that is reflected in our current pending sales information. We expect the surge in inventory to keep prices very affordable as many second home sellers have been waiting for an improving market.
The Sandy Mountain Days are this weekend on Saturday from 10 to 8 and Sunday 10 to 6. The festival grounds are at Meinig Park. Carnival rides are in the center of town. Walk the festival for artist displays, food and fun. Details on Sandy Mountain Days and Directions.
Displaying blog entries 961-970 of 1923
