News Headlines for Portland, Oregon : 2012 Quarter 4
12/31/2012
Milwaukie is Home to the New Portland Aquarium
On December 15th, the Portland Aquarium officially opened their doors to the public. Located in Milwaukie off of McLoughlin Blvd, the aquarium is home to some of nature's most precious and fascinating animals. With activities such as birthday parties, sleeping with sharks or an exclusive behind the scenes tour, this new attraction will surely be a hit with Portland folks. Expect the local real estate market around this new project to benefit. Areas like SE Portland, Clackamas, Happy Valley in addition to Milwaukie will all be able to add it to their nearby attractions and amenities lists.
12/20/2012
Broadband Quality Index :: Oregon Ranks 13.
With the State of Washington topping the ranking at number 1, Oregon slides in at number 13. The report categorizes Oregon as an over achiever in the index that uses broadband adoption, network quality and economic structure as indicators on how to rank each state.
12/20/2012
Portland Comes in at Number 5 for Lowest Vacancy Rate in US
Close to 94% of homes located in the Portland Metro Area are occupied, ranking number 5 nationally. According to the Business Journal, there are 872,423 occupied homes out of a total of 930,446.
12/15/2012
Portland is Number 6 for Home Sellers!
Due to a combination of rising prices and falling inventories, Portland ranks number 6 in the nation for strength for home sellers. Asking prices average $167 per square foot, which is up 12.8% to a year ago.
12/5/2012
First Time Home Buyer? Perfect Market!
Are you looking to buy your very first home? If so, there has not been a more perfect time than now. You can find incredible deals on short sales and foreclosed homes and will see very low interest rates.
11/27/2012
Why Are American's Moving Less?
Compared to a statistic in the 1980's of one in five, only one in eight American's moved in 2012. This report is up from last year, but still much lower than it used to be. Interestingly, unemployed people are more likely to move that people with jobs.
11/23/2012
Home Builders Association Says Portland is an Improving Market
Portland joins 75 other metropolitan areas on a list compiled by Freddie Mac as an improving market. This index uses cities that have seen a 6 month growth in employment, new home construction and prices of homes. There are now a total of 201 metropolitan areas on this list.
11/14/2012
Fifteen Year Old Purchases Second House
Willow Tufano made news last year purchasing a house in Florida for $12,000 after saving up a downpayment from selling property from foreclosed homes. Well she did it again and not only that she is in the process of making a reality television show highlighting her new knowledge.
To listen to her interview on NPR click here
11/9/2012
Beaverton in Top 100 Places to Live
At number 97, Beaverton offers its residents access to natural surroundings, not to mention is home to both Nike and Columbia Sportswear’s.
11/9/2012
Hillsboro in Top 100 Places to Live
Coming in at number 95, the gorgeous community of Hillsboro, just 20 miles west of Portland offers expansive spaces, an array of year round outdoor activities and big technology companies to add to the charm of living here.
10/29/2012
"Flopping" The Latest in Mortgage Fraud
When a seller is actually wanting as low of a price as possible on their home that is called flopping. The idea is that if a seller can show that they have tried to sell their home, to no avail, the bank might be willing to lower the value of the property in order to unload it.
10/15/2012
Bank Owned Properties Likely to be Headed Down
The Federal Reserve Bank in NY reported that banks owned approximately 4,452 foreclosed homes in Oregon. The inventory has been shrinking and if trends continue, foreclosed homes owned by the bank could be cut by 45% around this time next year.
10/8/2012
Portland Ranks Number Five in Construction Jobs
Great news for the construction industry within the Portland Metro Area, 4700 construction jobs have been added between August 2011 and August 2012. This is a 10% growth in employment puts Portland at number 5 in the country for gains in the construction industry.
10/3/2012
Tech Jobs Are Up in Portland's Silicon Forest
Portland's Silicon Forest ranked number six in the nation for the amount of technology jobs posted online from January to August 2012. This ranking confirms Portland's status as a hot spot to technology jobs. In addition this jump in tech jobs, tech salaries are up too, specifically 12% in 2011 to an average of $82,000.
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