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News Headlines for Portland, Oregon : 2014 Quarter 1
3/23/2014
Hillsboro, Oregon Market Conditions
To read the Realty Times article
3/16/2014A 1031 Exchange May Be Your Answer To Selling Your Investment PropertyIf you have a property that you have been renting for a long time and you now would like to sell but you realize that the capital gains tax you will have to pay on this property is going to run you through the roof, you may want to consider another option. A 1031 exchange will allow you to defer that tax until you sell your last investment property.
To read the Realty Times article
3/09/2014What Are The Seven Wonders Of Oregon?Take a look of a video of what Oregon has to offer. Travel Oregon came up with the seven wonders as the Oregon Coast, Mount Hood, the Columbia River Gorge, Crater Lake, the Painted Hills, the Wallowas, and Smith Rock.
To read the Portland Monthly Magazine article
Should Single Family Homes Be Used As Overnight Rentals?The proposal is to legalize short-term rentals in private homes. Under the proposal, a single-family house could get a permit to rent one or two bedrooms in their home for the night.
To read the Oregon Live article
2/21/2014Real Estate Market is Looking Normal AgainAfter the severely depressed or white hot market in the past, it looks like 2014 will be a year of settling down. It looks like we are in the middle of a buyers’ market which can be frustrating for first-time homebuyers who have to deal with banks who are cautious of loaning them money and also a lack of inventory from homeowners not wanting to sell if values are going up. To read the CNN article
2/14/2014February 2014 Market Update
To read the Realty Times article
2/7/2014Vacation Home Sales Are UpVacation home sales jumped 29.7% from approximately 717,000 in 2013 from 553,000 in 2012 while investment home sales declined 8.5% from approximately 1.10 million in 2013 from 1.21 million in 2012. The National Association of Realtors’ Chief Economist Lawrence Yun shares his opinion as to what is going on with these statistics.
To read the Realtor article
1/31/2014Oregonians Love Where They LiveIn this poll, residents from every state were asked whether they would rather move or live in their current state. Oregon and Maine tied at 79% for the greatest percent of people wanting to stay in their state.
To read the Oregon Live article
1/23/2014Pending Home Sales in January Are Staying EvenAccording to the National Association of Realtors, pending sales in January stayed pretty much the same with some gains in the South and Northeast and some declines in the West and Midwest. In the West the limited inventory and also tight credit play a factor in this decline.
To read the Realtor article
1/16/2014Foreclosures are Up in JanuaryAccording to Gorilla Capital, foreclosures in 20 Oregon counties are slightly up from December. It is expected that in the first quarter foreclosures will continue to rise slowly until they are at the early 2013 levels.
To read the Madras Pioneer article
1/9/2014Expect Tighter Mortgages This YearNew lending rules will take effect January 2014. These rules will require that people cannot borrow more than 43% of their household income. While it is designed to help with loan defaults, if will also mean that a lot of people will not be able to qualify for home purchases or refinancing.
To read the Realty Times article
1/2/2014Where are the Hottest Neighborhoods in Portland?Home buying is up and there has been a return to the median home prices of five years ago. According to Portland Monthly, 73% of the people who took their readers survey think it is a good time to buy and sell a home. In their opinion Portsmouth (North) is the best for first time home buyers. For urbanites their pick is Richmond (southeast). They picked Sellwood-Moreland (southeast) for investors, Ashcreek (outer southwest) for families, and South Waterfront (southwest) for empty-nesters.
To read the Portland Monthly Magazine article
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