Days on Market, Portland Feb.

I just ran a quick search in RMLS: Portland (areas 141, 142, 143, 148), pending, one day on market in the last month. There are 52 results that span a price range from $127,000 to $1,275,000. Strong eveidence… Read More

RMLS Market Action Feb.

RMLS released February’s Market Action report. Click on the graphic to enlarge.

Watch Your Credit

We applied for a simple equity line on our house. We got a letter from the bank on Saturday noting that my credit report showed a 30 day late pay. A little further investigation revealed that the same… Read More

Buyer’s Advantage

We’ve previously discussed how buyers can compete in any market. We’ve talked about informally bundled services; one stop shopping if you will. Some pundits have derided the idea. I’ve disclosed that Prudential Northwest Properties owns Columbia Mortgage outright… Read More

First Time Buyer Expectations

We hear the lament all the time: “I’ve been priced out of the Portland market.” First, it is only fair that I let you know that we own four homes in Portland so I come from the “other”… Read More

San Diego Prudential Real Estate Convention

The Beach Boys closed out our annual convention last night. The two days included the obligatory rah rah and way too many awards honoring our success (we are President’s Circle winners) but also there was some great information… Read More

Portland Days on Market

“The market has slowed; houses are spending more time on market. If you list your home, be patient.” That’s become a familiar tone in the Portland real estate market in the last few months. There is some truth… Read More

Relationships in Real Estate

In Arizona, a buyer can walk into Joe Realty and meet with Joe Loans and Joe Title and Escrow without walking out the door. In Oregon, we can’t do that by name but we can coordinate the process… Read More

Lending Tightens

We’ve had some discussion in the last couple of weeks about lending requirements tightening and how that will effect our market. I’ve been more optimistic outlook on how it will impact the Portland real estate market than other… Read More

Like-Kind Property for a 1031 Exchange

The exchange of Like Kind Property is the key to a 1031 Exchange. The IRS states: Properties are of like-kind, if they are of the same nature or character, even if they differ in grade or quality. Personal… Read More