This Week in Real Estate 11/29/15

In Market Statistics by Juli

Breaking news This Week in Real Estate: Google is now in the mortgage business. Below are a few of the highlights from the final week in November that influence our business:   * New Home Sales Beat Expectations. Sales of new single-family houses in October 2015 beat expectations and came in at a seasonally adjusted annual rate of 495,000, according to estimates released jointly Wednesday by …

This Week in Real Estate 11/23/15

In Market Statistics by Juli

This Week in Real Estate Fannie Mae reported their expectation of improved economic growth through the rest of the fourth quarter. Below are a few of the highlights from the third week in November that influence our business: * Mortgage Foreclosures and Delinquencies at Lowest Level since 2007. The delinquency rate for mortgage loans on one-to-four unit residential properties maintained its downward trend and dropped …

Portland is Home of the “Cat Lady” 11/22/15

In Uncategorized by Juli

The Rose City is known for many things, from its micro-brews and bridges to its affinity for facial hair. Now Portland has laid claim to a new title- “home of the cat lady.” New data shows Portland is home to more single women with cats than any other U.S. city, coming in at around 10 percent of the single female …

This Week in Real Estate 11/15/15

In Market Statistics by Juli

This Week in Real Estate the National Association of Realtors declared Q3 2015 the best quarter in a decade. Below are a few of the highlights from the second week in November that influence our business:   * Existing-Home Sales on Track for Further Expansion in 2016. Following the housing market’s best year since the recession, existing-home sales are expected to increase in 2016 at a …

Property Tax Hikes in Portland 11/12/15

In Market Statistics, Uncategorized by Juli

The City of Portland has actively encouraged homeowners to build so-called accessory dwelling units on their property since 2010, waiving thousands of dollars in development fees in each case. But residents who took advantage of the fee waiver in the past year are seeing those savings largely wiped out in the form of property tax increases, courtesy of Multnomah County …

This Week in Real Estate 11/8/15

In Market Statistics by Juli

The stronger than expected jobs report released on Friday re-fueled the speculation This Week in Real Estate that the Feds will raise interest rates during their December session. Below are a few of the highlights from the first week in November that influence our business:   * October Jobs Surge Past Expectations. October job creation surged to 271,000, crushing expectations of 190,000 and even top-end …

Portland Real Estate Update 11/7/15

In Portland Real Estate News by Juli

The local housing market in Portland, OR for September continues to slow down, according to the monthly Regional Multiple Listing Service report. But in keeping with this year’s theme, it remained ahead of where we were at this time in 2014. The 3,010 closed home sales were the most for any September since 2005! This was also true for August …

This Week in Real Estate 11/2/15

In Uncategorized by Juli

Home values received significant attention nationally This Week in Real Estate. Many outlets reporting that home values have now eclipsed the peak values reached during the mid-2000 boom. Below are a few of the highlights from the last week in October that influence our business:   * Home Values Climb Beyond Last Decade’s Best, Then Keep Going. After 8 years, home values hit new record. U.S. home values rose through …