Clients and Friends, We have maintained that Yamhill County is at least 2 years behind Portland’s housing sales dynamics. Right on schedule, the Newberg/Dundee area is experiencing multiple offers and immediate sales predictably on most kinds of properties. We expect this trend to spread throughout the county this year and by next year to be… [Read More]
2013 First Time Home Buyers: Why Mortgage Interest Rates Matter
First time home buyers who fail to adapt to changing market conditions will get burned. Home buyers got burned in the market escalation before 2007 (a ‘seller’s market’). Sellers often got burned for not adjusting quickly enough during the five year housing crash since 2007 (a buyer’s market’). The market is changing again and buyers… [Read More]
More Good News from the August 2012 Market Report
The August 2012 report continues to shower good news on our local housing markets. This month caps 12 months of improving numbers which should convince buyers that we have at least turned the corner on the housing demise in our area. Let’s hope nothing more pummels us! We have an impending election which makes many… [Read More]
Sales are Hot in July, August & September!
HOUSING RECOVERY SUSTAINED: Market Action Report Contrary to popular thinking, August and September are often the slowest and most disappointing months of the year for sales in my experience. Not this year! The intensity of real estate services right now is why this report is so late. It took a holiday weekend to find the… [Read More]
Infographic Market Snapshots of Residential and New Construction
These colorful infographic market snapshots are a nice way to view the statistics of active residential listings and new construction in the Portland Metro Area.
What to Expect From Our Housing Recovery of 2012
Summary: In the summer of 2012, the Portland metropolitan areas are experiencing a significant housing recovery. Ten months of improving sales numbers in tandem with much happy anecdotal confirmation, is a wave of relief for many weary sellers and an exciting green light for buyers wanting to make a great investment and catch the bottom of… [Read More]
June Market Report – Sustained Recovery!
July 26, 2012 Five years ago this week, with the sudden disappearance (then bankruptcy) of one of the largest mortgage companies in America, we woke up on a Monday morning to unshakable ominous feelings and pervasive stillness in our industry. What was going on? Just another California housing roller coaster ride, or was it something… [Read More]
Market Report- 9 Months of Good News!
June 15, 2012 I am glad to report that there is more good news for the housing industry in the greater Portland metro area including Yamhill County. This is the 9th month in a row of steady improvement for sales which is clearly a trend. The trajectory of the market this year is very encouraging. May… [Read More]
Market Action Report – 8 Months of Good News!
Eight months of good news for housing in the greater Portland area! The trend of good news continues in our local housing markets. What exactly is improving? 1. Volume The number of buyers in the marketplace who are searching and buying in a wide, balanced, range of pricing shows promise of breaking up the log-jam of… [Read More]
Are we nearing the end of the Buyer’s Market?
View and download the full Market Action Report March 2012 Summary of the Portland metropolitan market: Pending sales are up 12.8% over last March; 7.7% up from February, and year-to-date pending sales are up 18.2% over 2011. Closed sales are up 4.9% over last March; 34.2% up from February, and year-to-date pending sales are up 12.2%… [Read More]