real estate

Portland Summer

I have a couple of real estate issues to write about but I will let that wait for Monday. Yesterday Javier dragged me out to the river for about a hour. He threw me in a tube and pulled me behind his boat until I would spectacularly fall out. I had so much fun. I […]

Interest Rates Are Interesting

I am not trying to promote Zillow Mortgage but I like their tool.  To the left you will see the widget that shows the national interest rates and you can click between a 3 month, 1 week or 1 day view of three different loans programs.  So I clicked on the one day view and […]

Stellar Real Estate

When they were having the $50 million X PRIZE competition for space flight I wondered who owns the moon, who would have rights to build and if I can try to get the listing? Actually the commute would be a killer. According to this story, no one owns the moon. There is a an Outer […]

My Short Sale Summary

I finally closed one of my listings that was a short sale.  It took 2 and half months to get approval.  There were two banks involved.  One, the first position, had 80% of the loan and the other, second position, had 20%.  The second ended up receiving only $1000.  They made it difficult to get […]

Seller Disconnect

On the left are homes Active in a certain area with 2 schools being a common denominator. On the right are Pending, first section, and Sold Listings for the last 6 months, second section, with the same criteria. You see that the Pending homes follow the sold line as far as price range but the […]

The Market And The Fed

Recovering from some kind of flu gave me the chance to watch CNBC where Bernanke, the fed chief, spoke about the economy. Expects 75-100 banks to go under.  Analyst noted that during the S&L crises, 1600 banks closed.  ml-implode.com tracks the mergers and closings of banks. This market change is worse than 2001 because mainly […]

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