What Federal Rate Hike? 12/28/15

In Market Statistics by Juli

Mortgage Rates Dip Lower, Despite Federal Rate Hike.   One week after the Federal Reserve raised short-term interest rates slightly from record lows, the average on a 30-year fixed mortgage went the other way: It dipped to 3.96 percent from 3.97 percent last week, mortgage giant Freddie Mac said Thursday. The drop is a reminder that the Fed has only …

This Week in Real Estate 12/27/15

In Market Statistics by Juli

Freddie Mac’s Five Housing Predictions for 2016. With just a few days left in 2015, Freddie Mac is looking towards 2016 and trying to predict just what’s going to happen in housing over the next 12 months. Freddie Mac’s chief economist, Sean Becketti, said that interest rates should remain at “historically low levels” throughout 2016, in spite of whatever moves …

This Week in Real Estate 12/20/15

In Market Statistics by Juli

Finally, speculation ends after more than 9 years (June 2006) of no rate increase the Federal Reserve increased rates 0.25 percent This Week in Real Estate. The impact of the Feds action: still historically low rates. Below are a few of the highlights from the third week in December that influence our business:   CoreLogic’s Equity Report Has Good News For Homeowners. The Equity Report provides …

Portland Market Update 12/17/15

In Market Statistics by Juli

Despite some usual seasonal cooling, the Portland-area housing market continued surging to November sales numbers not seen since before the 2008 financial crisis.   The 2,504 pending sales in the region were the most for a November since 2005 and reflected a 19.8 percent increase over November 2014, according to a monthly report from the Regional Multiple Listing Service. And …

This Week in Real Estate 12/13/15

In Market Statistics by Juli

Solid growth in consumer spending in November coupled with a good jobs report and an uptick in the consumer sentiment index all but ensures the Federal Reserve will increase rates This Week in Real Estate. Below are a few of the highlights from the second week in December that influence our business:   * Homeowners Reap Remodeling Benefits Whether Selling or …

Portland is Among the Top 5 U.S. Housing Markets 12/11/15

In Market Statistics, Portland Real Estate News by Juli

A mix of solid economic fundamentals and strong housing components have landed Portland among the top five housing markets in the entire country. That’s according to a new report from online real estate marketplace Auction.com, Portland has the fifth best market in the nation for single-family homes. The report, called the “Top Single Family Housing Markets Report for Fall 2015,” …

This Week in Real Estate 12/6/15

In Uncategorized by Juli

Due to a healthy November employment report, This Week in Real Estate once again fueled speculation that the Fed will raise interest rates before years end. Below are a few of the highlights from the first week in December that influence our business:   * 35 Percent of U.S. Markets at New All-Time Home Price Peaks. RealtyTrac released its October 2015 U.S. Home Sales Report, which shows that …

Portland, OR Real Estate Market News 12/4/15

In Portland Real Estate News by Juli

Last month, the Portland Business Journal did an analysis of the RMLS data and came up with the 25 hottest neighborhoods in Portland — by the number of days on the market and the total number of sales per zip code. All numbers are for the third quarter of 2015, aka the summer peak-sales months of July, August and September. …

Owner-Occupied Rental Trends in Portland, OR 12/3/15

In Portland Real Estate News by Juli

Virtually all of the 47,500+ housing units added since the recession in the Portland area are rentals rather than owner-occupied homes, according to new numbers released by the U.S. Census Bureau.T he trend is consistent across Multnomah, Washington, Clackamas and Clark counties. The number of apartments or rental homes has surged over the last five years, though the number of new …