Tag Archive: market trends
A recent broadcast from NPR discusses the home ownership in the U.S. at its lowest since 1995. Contrary to what many believed was a “rip-roaring recovery” in the real estate market with low interest rates on mortgages and the new home supply tight, ownership is still low. Follow the link below to listen or read… Read More ›
With the rainy season in Oregon upon us, The Oregonian warns that FEMA is forcing Homeowners to purchase unnecessary Flood Insurance. Homes in, what FEMA considers to be, Special Flood Hazard Areas will be required to purchase Flood Insurance, or FEMA will purchase it for them. According to The Oregonian, rates could be as high as… Read More ›
According to The Oregonian, more homes in the Portland area are selling below their asking price. This data suggest the bidding wars that had been pushing them higher are slowing. For the third consecutive month, the number of homes sold below list price has increased. Follow the link below for the full article from The… Read More ›
“Flipping,” the practice of buying, briefly holding and reselling a house within 6 months, is up 16% year-over-year in the Portland area, according to RealtyTrac. Nationwide, flipping is down 13 percent. On average they made a gross profit of around $84,000. Click on the link below for the full article from The Oregonian: “Flipping” Houses… Read More ›
The Villebois Master Plan proposal of a 113-lot residential development has received the green light from the Wilsonville Planning Commission. Villebois plans on expanding to the former Living Enrichment Center. With the added acreage, the plan is to develop larger lots. Follow the link below for the full article from the Wilsonville Spokesman: Living Enrichment… Read More ›
Following the Federal Reserve’s decision last week to hold off slowing it’s monthly bond purchases, mortgage rates fell this week to their lowest point in two months. Follow the link below for the full article from KATU News. Average U.S. 30-Year Mortgage Rate Down To 4.32 Percent
US home prices continue to rise leading us to the highest they have been in over 7 years. According to the chief economist for Zillow, this ongoing moderation is good for the market. Follow the link below for the full article from KATU News. US Home Prices Rise 12.4 pct., Most in 7½ Years
According to The Guardian, interest rates look like they are set to remain at record low for another 3 years. What does this mean for you? Follow the link below for the full article. What Does Mark Carney’s Interest Rate Announcement Mean For Me?
If you’re thinking about buying in the near future, this article from RIS Media is a great one to get you started. 10 Tips Every Homebuyer Needs to Know Before Buying
According to the Oregonian, Portland-area home prices rose 15.5% in July compared to a year ago. Follow the link below for the full article. Portland Area Home Prices Rise Faster Than U.S. Average
The housing recovery is strengthening. According to KATU News, home prices in the U.S. rose 12.2% in May, the biggest annual gain since March 2006. Follow the link for the full article: U.S. Home Prices Rise 12.2 Percent, Best In 6 years
Home prices are the highest they have been since April of 2006. With the number of buyers growing and the limited inventory, the housing market is beginning to recover. For the full article from KATU News, follow the link below: U.S. Home Prices Rise 10.9 Percent, Most Since 2006