November 2018 Portland housing market report is out. As expected, the November market was a slow market. Although Novembers typically present a very slow real estate market since home buying and selling activities are cyclical and seasonal, the long term slowdown effect is starting to take tolls in the Portland...
Portland has many condo buildings throughout the metro. More central the location, more high rise condo buildings you will see whereas low rises up to three levels high is more common in suburban areas. Buying a condo can be more of a difficult process than buying a house and greater...
October 2018 Portland housing market report is out. Most people know by now that the market is softening in Portland but what does this mean? For the first time since the upward trend in the Portland real estate market stated since the last recession, we had an actual decrease in...
Home buyers are starting to feel the pressure of rising mortgage rates. Mortgage rates have been increasing with the Treasury yields Federal Reserve’s rate increases. As of now, 30-year mortgage rates are in the high 4% and it is expected to hit 5% in the beginning of 2019. Luckily, in...
Real estate market statistics are out for September 2018. Portland real estate market took a big dip since August. The fall market is always slower with less people selling and buying and by November and December, it will be dead quiet as the inventory almost drops to quarter of what...
Increasingly people are worried that the Portland real estate market has reached the top of the value in 2018 and the market may crash in the next two to three years. Although things are very much different from the last housing market crash in 2008, the fear is very much...
Portland real estate market statistics for August 2018 are out on RMLS. Overall, not bad. The housing market didn’t dip any further. In the detached single family home market, the median sold stayed exactly the same at $450,000 but it more days on the market to sell. The condo market...
If you are a home buyer, missing the inspection deadline will bring a severe consequence including not receiving any repair credits, being stuck with home’s poor conditions or losing out on your earnest money. Every real estate contract states how many days a buyer has under the contract to perform...
Real estate sales report came out from RMLS for the month of July. The numbers show a decrease in the median value for all home types with a slight increase in the average and median days on the market. This slow down is not uncommon at all. Us realtors call...
You might be either a buyer or seller and you are ready to hire a real estate agent to sell or buy your home. There are so many agents out there and it can be overwhelming to decide who you want to hire. To make matters worse, it could be...
