Realtor/Coach/Trainer
As anyone who has visited here with any kind of regularity will know, I am not a fan of prognostications. Someone high up in the banking industry told me that by th eend of the year rates should be right around 7%. They are not. He says that rates should actually be lower now as […]
I did an Comparative Market Analysis for a possible client today in NW Portland. The average sales price I am finding consistently recently is about $165 per square foot. I have never really followed that number in the past but with such a high a inventory it is becoming a consistent barometer. What I […]
When Warren Buffet speaks, I pay attention. What the Bailout does for taxpayers. Lien on the Nines luxury hotel for about $6.5 million. The Pearl’s biggest developer gives his opinion on the Portland Market from his vantage point.
I have come upon this question a lot from people facing a short sale. Though I have seen it take longer, usually the bank will set a foreclosure date within 90 days after your first missed payment. They usually have the right to do that after 30 days but it is industry standard to wait […]
Finally we have a true number for days on the market. As long as a house is relisted within 31 days of it’s previous listing it will resume accumulating days but will not count the days that it was expired. So that is all to explain why August 2007 had 56 days on the market […]
There are many people trying to get congress to give the Downpayment Assistance Programs a reprieve. Greg Swann from Bloodhound Blog believes that about 40% of Phoenix buyers will be affected October 1st when DPA’s are discontinued due to the new law. That is a scary number. We need buyers but do we need […]
I wrote a post a couple of days ago about how interest rates were bobbing around erraticly. If you look to the left you will see the interest rate graph with the current drop. Hopefully the market will stabilize and fear in the market will subside some. This could be great news but we need […]
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 […]
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 […]
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 […]
It all started with me getting slammed by some weird illness last Friday. I had a sore throat all week but the rest of it rolled in Friday afternoon and put me down for the weekend. Monday was unburying myself and finishing up other tasks that were put to the side. This week I had: […]
I love map based searching. I like to see exactly what is in an area and sometimes it is mind boggling how many homes are for sale in one place. After trying a few demos and getting helpful feedback from past and current clients I have chosen what I think is a great service, hopefully […]
So you are behind in your payments. Banks are calling; telling you some odd scenarios- basically trying to scare you. Foreclosures and short sales are the number one thing people ask me about. So here are 9 options when facing foreclosure. 1. Do Nothing – If a homeowner does nothing, they will most likely loose […]
The full Market Action Report is here. Virtually the same number of homes for sale on the market as last year. As many listings as I have, look to your right, I would have guessed more. Year over year we are down 2.2% for Median Price which doesn’t seem like much in relative terms. I […]
Aroundthesunblog.com is aptly titled for the weekend weather we are going to have. Here are two events today out of many for the weekend that sound interesting, Portland Actors Ensemble will perform Julius Caesar in Washington Park at 7:30 pm. Visit the PAE website for details. Environmental Film Event: The film Kilowatt Ours will be […]
Remember that these numbers come after one of the fastest run ups in history. As of 2004, “The average nationwide rise of 47% in median home prices since 1995 (after adjusting for inflation) is like nothing America has ever seen.” These numbers are national. Sales of single-family homes during the first quarter were down 20.9% […]
