Diana Olick is a well-known industry writer. Anyone with an interest in Portland real estate can usually find something of value when she comes up with a new entry in her CNBC column (the one with the pun-worthy title, “Realty Check”). This month she commented on the rising housing market across the nation and its repercussions in terms of homeowner equity. The piece points out that in the U.S., home […]Read the rest of this entry »
If you weren’t among those who were surprised by last week’s election outcome, you were among very few. Opinion leaders in every corner of the media are still scrambling to explain why their prognostications had been so wide of the mark. When your job is to help people understand the fine points of current events, it’s just plain embarrassing when you get the big picture 180 degrees wrong! For both […]Read the rest of this entry »
Portland Real Estate Market Update - October 2016
The city of Portland real estate market finished September with 1,060 closed sales, which is down from the 1,106 & 1,139 closed sales recorded in the prior months of July and August respectively. Of the 1,060 closed sales in September, 26 were distressed properties (foreclosures/short sales) representing 2.5% of the closed sales for the month. As of the end of September, distressed properties accounted for 5.4% of the active listing […]Read the rest of this entry »
Case-Shiller Home Price Index Update for Portland Oregon - June 2016
The widely watched Case-Shiller home price index published monthly by Standard & Poor’s was released today for the month ending April 2016. There is always a two-month lag time for the data in this report. The index for the Portland Oregon metro area was measured to be 198.7 at the end of April, which means that the average price for a home in this area is up 98.7% from the […]Read the rest of this entry »
Portland Metro Area Real Estate Market Update - June 2016
Our local multiple listing service (RMLS) released their real estate market statistics for May covering the Portland metro area. Based on the latest data the market continues to be hot with homes in very short supply with only 1.4 months of inventory which is the same as the prior month but lower than the 1.7 months reported during last May 2015. Comparing market activity to a year ago, pending sales […]Read the rest of this entry »
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