Coach/Trainer/Realtor
Banks Likely to Ramp Up Foreclosures More borrowers are expected to lose their homes to foreclosure as the nation’s largest mortgage companies lift their internal moratoriums on home repossessions and start to determine which troubled borrowers cannot be helped. The mortgage companies say the Obama administration’s housing plan has given them a better idea of […]
This is one of the best charts to see what has happened to the Portland Real Estate Market. 2005 was our most active year though prices didn’t peak until June 2006. 2001 and 2002 were very similar. You can see that the second quarter is always significantly ahead of the first, which is great. What […]
These are some random things that I have come across as helpful hints to help you maintain your home. Unclog a drain. Pour 1/2 to 1 cup of baking soda down the drain, then slowly pour 1/2 to 1 cup of white vinegar after it. Let sit for five minutes (covered, if possible). Follow with a […]
For the first time since 2003 the Portland Trailblazers are in the playoffs in the most competitive Western Conference in a long time. Go Blazers! http://www.nba.com/blazers/ripcityuprise.html
April is here and so is the activity in the Portland metro area. I am continuing to track the Pending activity which I believe shows at least the intent of buyers even if the homes don’t sell. For 2009, Jan 1062 (470 the first half and 592 the second) Feb 1142 March 1523, […]
Imagine my surprise when I walked in to my client’s Tigard house, with all rugs gone, and saw this. I had forgotten that some of the Brazilian Cherry wood, and I am sure others, changes with light. As my client talked about it I remembered that a client from a couple of years ago was […]
A San Antonio HOA is threatening to foreclose on 84 homes on April 7th. Many homeowners are upset with the HOA for not living up to their obligations. As is always the case, refusing to pay usually backfires on the the person trying to get a change or revenge. So what is the point of […]
I am hearing it everywhere (Twitter, blogs, meetings, and from other agents) that real estate is picking up. Pending is the best gauge of the optimism even if the deals don’t close. Here are the recent Pendings for the Portland Metro Area (areas 141-152): Jan 1062 (470 the first half and 592 the second) […]
While the banks were sleeping on their piles of money and giving credit cards to 3 year-olds and house pets, everything was fine. Even when everything was going to seed, they still spent their money on trips for execs and jets – well until it became known to the media. Some have given “bonus” money back, canceled […]
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo. I am not the first to in Portland to post this but in case you haven’t seen it, here it is. I would have posted it earlier but I have been fortunate to have been to busy.. I have told many that it seems […]
I have been working with short sales and sellers trying to avoid foreclosure in the last 12 months. I have also spoke to friends and friends of friends that were going through it and I have seen similar symptoms in many cases while trying to save their home. This is how I came up with […]
Commercial Banks lend $9 for every dollar the have.(9X) Average Investment Bank 15X Bank Of America 32X Citibank 47X Oops is right. When they have a bad loan it gets multiplied by those factors. His talk is only a small part about what is going on in our market and world but the whole talk […]
The stratedy is called Prove-The-Note. I wrote about this last March and it may be even more common now. Banks sell loans to other banks, plus in the last two years 300+ banks have either closed or been bought, and those original notes were lost in the transfer process leaving them on shaky legal ground. If the […]
You can see the trend that January inventory bumps up compared to December but 19.2 months of inventory is a significant number. In my own experience and talking to other agents it seems that showings have increased in the last three weeks. Here is the complete report 1-09-market-action. Average market time is 152 days. This does […]
Portland home values took a $23 Billion loss in 2008 according to Zillow. The government finally decided after going up and down that the home owner’s tax credit would be $8,000. I still don’t think it will boost any sales. The homebuilder’s won’t share in the tax break that small businesses will receive. Mortgage applications […]
30 cars find their tires slashed this morining in the Rock Creek Neighborhood. Nike may cut up to 4% of it’s work force. The Company anticipates completing its review of its organization by the end of the current fiscal year. The exact number, timing and location of positions expected to be eliminated will not […]
