Realtor/Coach/Trainer
It seems that the tax credit does have an effect on the market though all of the purchases I have dealt with haven’t qualified for it. I think as the media starts talking about the deadline, which is 14 weeks, it will become more and more real. Why are home sales important to the […]
Here were are at the end of Summer almost. For a lot of people school controls home buying. Unless you are moving a small distance, if you buy now you will have to move your kid just after school starts. Parents don’t often like that. This is in part why June and July are the […]
Fortunately Debt-to-Income ratios allowed by banks have been lowered. At one time people could have 62% of their income paying debt each month. Take out the taxes at just 25% and you have 13% of your income to pay for utilities, food, and gas. Doesn’t make much sense does it. Typical ratios now are 43%. […]
Hugh Hefner sold his personal residence next to the Playboy mansion for 64% of it’s original list price. 1 in 13 properties in Las Vegas are in foreclosure. Phoenix has 1 in 22 homes with foreclosure filings. America’s Abandoned Cities. Here’s a floating home with a different look. Okay, it’s a yacht but wow. A […]
Just after I listed her home my client told me about the fortune she had pulled from a cookie. She said, “We will sell this home in three months.” As you can see above she wrote the date just to prove it. We got an offer quickly and we joked that we were beating the […]
A couple of years ago an agent and I were laughing because his client asked him if he was showing him all of the listing. “Of course, why would I not show you all of the listings?”, he replied. Yes, indeed, why not? When the market was hot this was even more common because inventory […]
Only 78 more homes went pending than in March and 146 more than April. I don’t expect a large jump for the rest of this Summer but Fall might be interesting. If they don’t extend the $8000 tax credit, there could easily be a rush this Fall to get the credit before the dealine. The […]
Seth Godin had a post about the damage that can be done by asking. Real estate is a slightly different situation where people don’t get a chance to connect usually and it is a “cold” request. Seller’s can take low offers personally which I have seen many times. Low ball offers in this case are […]
We are only halfway through May but we are close to a full month of Pending for January or February. As of tonight 906 homes have went Pending this month. January gave us 1062 and February 1142 so we are well on our way to beating last month though we are still below January 2001. […]
Here is the full Portland Metro Area Market Report. Highlights, Portland is the most affordable since December 2004 Pendings are up 1,860 vs 1637 from last month. Which is close to my numbers. April 2008 to April 2009 shows sales down 10.9% and closed sales are down 17.7% New Listings dropped 28.1% April 2008 […]
20% in the Portland area owe more than their homes are worth. 26% in Bend owe more than their homes are worth. 3388 Oregon homes foreclosed in March 2009. Oregon had the nation’s 10th-worst foreclosure rate in the first quarter and ranked 12th for the nation based on March activity. Foreclosure guru hit with $3.2 […]
This is the updated chart for April 2009. Once again these are my numbers, I only have detached homes, condos, and townhomes. Late afternoon on April, 30th there were 1628 Pending homes. The updated numbers show 1713 Pending listings for April. Almost 200 more than March which doesn’t sound like a lot but that is […]
Sometimes we have to realize when we are in over our heads or, better yet, about to go past a point of no return. A relative of mine avoided a big mess by heeding the advice, and pleas, of family members to get information from an expert. The downside was finally too much to ignore […]
As of April, 14th we had 755 home change their status to Pending in the Portland Metro area. In the next 15 days we had 873 homes turn Pending. The activity is increasing as we get further into Spring. I was really hoping for a larger difference between this month and last but that wasn’t […]
Take advantage of great weather and blooming flowers in case you sell your home in less than great weather.
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 […]
