Happy New Year! I hope everyone had wonderful holidays. Portland real estate statistics are out for December 2018. December 2018 has been surprisingly productive given the downward trend in Portland real estate market since the fall season. You are probably familiar with what every realtor is saying about the housing...
Portland real estate market has exploded in value appreciation in the last several years. It’s finally coming to a stop in 2019. The reason for this slowdown is simple. It’s just unaffordable for many. The affordability factor has two prongs for home buyers: 1) Price of a home and 2)...
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...
