Portland’s Case Shiller Rockets Skyward
The title of this post might be stretching it a little but in light of most of the recent death-of-real-estate-media coverage I’m taking a little liberty with it. The May 2011 Case Shiller Index for Portland is up …
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. …
RMLS Market Action September ’08
Things are tough. During our sales meeting today an agent said he has 17 listings. Fifteen of them are short sales. He said that some banks he has worked with have agreed to losses of over six figures; …
Smart Money’s 25 Cities Ready To Rebound
The print version of November’s Smart Money has a story on 25 real estate markets ready to rebound. Portland isn’t one of them. Seattle is #25. The story claims that the complete list of 100 markets can be …
RMLS and Photos
We live in an ever increasingly digital age. A picture was worth a thousand words and was as close to the truth as you were likely to get. With mainstream digital photography and photo editing software, a photo …
RMLS Market Action August 2008
August continues the recent declining trend in our market. “The average sale price for August 2008 was down 9.7% compared to August 2007, while the median sale price dropped 6.7%. Month-to-month, the average sale price and median sale …
Changes to RMLS Market Action
In the next few days we should be seeing the August edition of RMLS Market Action. The report is changing: We’ve added a new column to the Residential Market Highlights and the Area Report in Market Action called …
Does Anyone Win in a Housing Market Crash?
I thought I might write something scentilating regarding lead based paint but that would be the easy way out of what has become a very contentious topic: Portland’s housing market. Nationally and locally the economic outlook isn’t good. …