How is the market? These days my answer depends on the neighborhood. Location is the key difference in determining how the Portland and Vancouver market is doing. You may be in for a surprise if you’re a seller with expectations of ten offers and thousands above asking. Buyers now have some leverage when negotiating terms and … Continued
As I drive around, it’s becoming increasingly difficult to see the effects of the housing crash in Portland and Vancouver neighborhoods. I receive calls from buyers and investors at least once a week who are looking for a property to flip. The reality is that as of 2014 most of those opportunities have disappeared. Foreclosure sales represent a … Continued
Windermere’s Chief Economist Mark Gardner reveals recent sales data for Oregon and Southwest Washington. The 2017 Q2 data includes homes sales activity and days on the market. What is surprising, the data shows a slowing of the market, but if you take a closer look, the reason is due to a shortage of inventory. Another report from … Continued
Homeunion, an online investment firm has compiled a top 20 list of the best zip codes to invest in the US. Tanza Loudenback of businessinsider.com reveals among them one particular zip code in the Portland area. You may be surprised with Homeunion’s results. thumbnail courtesy of businessinsider.com
Portland is in the top two markets across the nation as reported by Elliot Njus of OregonLive.com. The data reinforces what most of us know in the Pacific Northwest. There are indications of a slight slowdown but not enough to make a significant dent in the demand for housing. Seattle continues to lead Portland and the nation … Continued
An article by Jeff Manning of OregonLive sheds light on the flurry of activity in Portland as a hot spot for job growth and real estate development. In the last two years, there has been phenomenal growth; I call it the last most affordable metropolitan area on the west coast. I witnessed it first hand … Continued
Portland Business Journal Reporter Jon Bell recaps MLS data numbers to reveal a slight increase in days on the market. PBJ showcases a slideshow of 31 neighborhoods with 30 days or less of inventory. Also mentioned is an increase in days on the market, a few more days on the market could be attributed to … Continued
Elliot Njus of Oregonlive looks at June listing data as a possible indicator of increasing inventory and relief for a tight and competitive housing market in Portland. The numbers are a glimmer of hope for the summer buying season; my analysis shows that Vancouver is also experiencing a bump up in available homes. Unfortunately, this will … Continued