The “New” Real Estate Market in Portland

What a difference a couple of years makes!  In February of 2011, I ran a search in RMLS that resulted in 4208 active listings in Portland.  441 of those were bank owned (REO) and 750 were short sales.  …

RMLS Market Action April 2013

Bad blogger, bad blogger.  When you realize your last post was March’s RMLS Market Action report and April’s came out two days ago it’s time to start typing.  So here we go.  There’s no real surprise the inventory …

RMLS Market Action January 2013

All of the conversations I have been having with Realtors lately center around a the theme, “I am loving this market, just wish there were more houses to show my clients.”  December gave us the lowest Portland housing …

Buying a Bank Owned Property Part 1

In its simplest form purchasing a home can be broken into three parts: 1) find house; 2) buy house; 3) get keys to house. Generalizations pretty much end there. The three legs of the current real estate market …

Portland and Vancouver Bank Owned Properties

We hear a lot of talk about the shadow inventory that banks are holding off the market so that they don’t flood the market. We ran some searches in RMLS to count how many homes for sale are …

The Portland Real Estate Market and Beyond

RMLS Market Action for August 2011 the Portland Metro area was released last week.  Inventory dropped to 6.2 months from July’s 7.0 months, and average and median prices slid a little.  This month’s report seems to continue a …

Portland Short Sale and Bank Owned Property

Searching RMLS for residential property this morning there are 4208 Active listings in Portland. Of those, 441 (10.4%) are bank owned. There is a single listing over $1,000,000 priced at $1.7M. 750 (17.8%) are listed as short sales. …

October 2010 RMLS Market Action

You’ll have to look pretty hard for good news in the October 2010 RMLS Market Action. One bright spot is that there is an increase in the number of closed transaction through October 2010 compared to 2009. This …

It’s Not All Short Sales and Bank Owned

Short sales, foreclosures and bank owned properties may be the buzz words of today’s real estate market but an RMLS blog post shows us that short sales and bank owned properties make up less than 20% of the …