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Filed Under:Real Estate / Local Market
Posts on Regator:322
Posts / Week:0.9
Archived Since:March 4, 2008

Blog Post Archive

It would be more funny if it weren’t so painful

Jon Stewart has a knack for putting a fine point on it. Actually, a serrated edge: The Daily Show With Jon Stewart Mon – Thurs 11p / 10c Foreclosure Crisis Daily Show Full Episodes Political Humor Rally to Restore Sanity And there’s more: The Daily [...]

Portland Real Estate Market Activity — August 2010

Like the weather pattern in Portland this summer and early fall, the Portland real estate market in August could be described as cool and mild. Pending and closed sales in August were well below normal averages. Compared to a year ago, closed sales fell 25%. The pending sale total of 1,688 was on par with July, [...]

Is house flipping making a return?

NPR reports on the rising trend of all-cash housing transactions, including a resurgence of house flippers.

Portland Real Estate Market Activity – July 2010

As foreshadowed by May and June’s low pending sales, the July closed sale total tells the real story of the non-tax-credit-stimulated housing market in Portland. From a high of 2,050 closed transactions in May, the market has cooled to around 1,400 closings during what would normally be the peak home buying and selling season (the [...]

Oregon: Top Housing Market by 2014?

Reader Darin points us to a Yahoo/Bloomberg article touting Washington and Oregon as the top two housing markets to rebound by early 2014

Portland Real Estate Market Activity – June 2010 results

For a second month in a row, the Portland housing market shows that it is clearly returning to its pre-tax incentive pace. This means low sales volumes when compared to historical averages in what would normally be the peak home-buying and selling season. It’s as if everyone moved their calendar up by a couple months. March [...]

Wealthy Owners Defaulting at Higher Rate Than Middle Class

The NY Times reports that homeowners with mortgages in excess of $1 million are defaulting at a 1 out of 7 pace.

Portland Real Estate Market Activity – May 2010 Results

The homebuyer tax credit binge is over and all that’s left is the hangover. As expected, closed sales in May were very strong, at over 2,000 transactions closed, but pending sales in the first post-tax credit month were just 1/2 of April’s performance. Relatively low listing activity is keeping inventory down in the 7 months [...]

Senate Extends Tax Credit Deadline

The Senate on Wednesday approved a tax credit extension for homes in escrow through September 30.

Lights. Audio. A Camera Crew. What Could Possibly Go Wrong?

Last summer, the HGTV show “My First Place” came to Portland and selected a couple of my clients to follow and film as they purchased their first home together. As their agent, I was sorta obligated to go along with the deal. I mean, who would turn down free publicity, right? Well, the episode finally airs this [...]

Portland Real Estate Market Activity – April 2010 Results

Portland’s strong, springtime home-buying activity continued through April, with nearly 2,000 homes selling and another ~3,000 entering into contract. The sale pending number is the highest since May 2007 and is comparable to figure we saw during the bubble-buying period between 2004 and 2007. Sale prices bounced up a tick from last month, but are still [...]

Portland Real Estate Market Activity – March 2010 Results

Reporting this a little late this month, but March results for Portland’s real estate market were a little eye-opening. First off, 1,800 homes closed escrow in March. That’s ok, but not historically all that strong for March. However, 2,400+ homes went sale pending in the month. That’s the highest number of homes under contract going back 31 [...]

John Ross Condo Auction Preview

Jason Lucas and I spent a couple hours at the John Ross condos on Monday to see every unit and to document the features,

Portland Real Estate Market Activity – February 2010 Results

If you believed the Portland-area housing market was in recovery mode, February 2010's results won't bolster your confid

Free Homeownership Preservation Workshop Comes to Portland

If you're struggling to keep your home, you may want to take advantage of an upcoming workshop and free counseling put o

John Ross Condos Go To Auction

Like the neighboring Atwater Place, owners of the John Ross Condominiums have decided to auction 50 unsold units in an e

New Administration Program Pays Owners to Take Short Sale Option

New solutions from the Obama administration for the housing crisis continue to emerge. From the New York Times comes: Mo

Portland Metropolitan Area Median Home Prices, 2000 – 2009

 I put together a graph showing Portland-area median sale prices by month from 2000 through 2009. The smooth curves show

NY Times Charts Case-Shiller Numbers for Portland and U.S.

According to the Case-Shiller report, home price declines are easing throughout most of the country, including Portland-

Portland Real Estate Market Activity — January 2010 Results

Just about every metric comparing January 2010 to January 2009 would appear to be positive news -- higher sales volume &

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