Even some veteran renters are looking at today’s Portland area housing market and wondering whether it’s time to start their home search. With prices and mortgage rates as low as they are while rents continue to move higher, the numbers point to home ownership as an ever more obvious choice. But that’s just the quick, back-of the envelope budget equation: monthly rent vs. mortgage payment less tax savings. If this […]Read the rest of this entry »
Selling your home in boom times can seem like quite a different proposition from the market we have today. But Portland real estate veterans know that there are many factors that aren’t subject to change. One of them is the basic arithmetic of residential space: bigger sells for more. That’s where you — if you’re a Portland area homeowner thinking about selling your home this summer or fall — can […]Read the rest of this entry »
When our Portland area clients set out to buy a home, one of the elements that has been steadily moving up their list of important considerations is energy: how much will a property cost to heat and cool? Big, drafty houses are being edged out, replaced by green, eco-consciously-designed homes. Listings able to boast prominent cost-saving features like solar heating can provide a huge advantage to a seller. For prospects […]Read the rest of this entry »
We’ve invited one of our preferred mortgage brokers, Mike Popnoe with Mortgage Trust, Inc., to be a regular contributor to our blog.  He will be sharing his insights and observations on the mortgage market in the Portland Oregon area.  Take it away Mike! Are low down payments a bad thing? Many of my clients are shocked to learn that they can purchase a home in today’s real estate market for […]Read the rest of this entry »
We’ve invited one of our preferred mortgage brokers, Mike Popnoe with Mortgage Trust, Inc., to be a regular contributor to our blog.  He will be sharing his insights and observations on the mortgage market in the Portland Oregon area.  Today’s topic is upcoming changes to the FHA backed mortgage loan program.  The floor is now yours Mike!   Starting with all loan applications after April 18th, the FHA will increase the monthly mortgage […]Read the rest of this entry »
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