It might be a nice weather day in Portland but there is only one way to describe Phoenix: HOT. 112 degrees hot yesterday and supposed to hit 114 today! Hot also describes the real estate in both markets. We visited the sales center yesterday for a proposed condo tower that was going to be 22… Continue reading When Good Realtors Go to Phoenix
The phrase “Real Estate Bubble” returns 899,000 hits on Google, now 899,001. Nobody can predict what the real estate market is going to do. It all a matter of opinion though some of those opinions are a little better informed than others. I had to leave voicemail for a client yesterday telling her that she… Continue reading Is our market cooling?
With the nation quaking in their collective real estate boots, the Portland real estate market is bucking the trend and is alive and moving forward. It’s not the scorching market of yester-months but we’re not seeing the bottom drop out like some had predicted. RMLS Market Action for July puts 12 month appreciation around 18%.… Continue reading Should I Rent or Buy?
From our Realty Times Newsletter: Home sales appear to be bottoming out with lower home prices attracting buyers in many areas of the country, according to the National Association of Realtors. David Lereah, NAR’s chief economist, said the housing market is showing signs of life and that sales may be leveling out. “Many potential home… Continue reading Buyers Returning to Market
Portland monthly runs a footer called “PDX Index” across the bottom of the “mudroom” department each month. This month has a couple real estate related figures (pg 30).
Your guide to investing in Portland real estate… Who has the best real estate investment advice? Starbucks? That may be a stretch but let’s take a look at the logic before discounting it. Major corporations do massive amounts of research before they open stores. They look at emerging markets target where they think they will… Continue reading Starbucks & Portland Real Estate
I just removed last week’s poll and put up a new one. Last week’s results surprised me in that I expected readership to take a gloomier view than they did. Yesterday, the Oregonian ran a story titled “What can I get $285,000 ?” by Connie Potter. Most of the data is from the latest RMLS… Continue reading Readers Rate Portland Real Estate Market
The New York Times discusses Portland’s food scene. Some of our local top chefs were interviewed and an underlying theme of the story is that real estate prices helped bring top talent to Portland.
It should come as no surprise that as the real estate market has cooled, the rental market is becoming cut-throat, as reported in the Oregonian. The rental market is sounding more like last year’s real estate market. Come prepared or someone is going to beat you out. Last year we had a so-so time renting… Continue reading Portland’s Rental Market Heats Up
Let’s look and some numbers and see if there is any truth to the statement, “now is a great time to buy if you own a house in this market and want to move up into a more expensive home.” The theory is that equity gain by buying the new house at the same discount… Continue reading Buy Now?!?