News Headlines for Portland, Oregon : 2014 Quarter 2
6/23/2014
Less First Time Home Buyers Have a Trickle Effect On Housing
First time home buyers are coming in at 29% of the real estate market when they should be around 40-45% for a healthy market. There needs to be more first time home buyers so in turn others can sell their homes. It seems the biggest factor for less first time home buyers is the money needed for the down payment.
6/15/2014
Buying and Selling Homes Should Be Booming This Summer
Home values are attractive and mortgage rates are still low. Seventy-eight percent of potential buyers said it will be easier to purchase a home as buyers want to sell.
6/8/2014
Portland is Rated Third as The Fittest City in the U.S.
The American College of Sports Medicine compiled federal data based on chronic health problems, health behaviors, physical environments, and recreational facilities and Portland came in third with Washington DC coming in first and Minneapolis second. We excelled in eating our vegetables, biking or walking to work, and also the number of farmer’s markets and dog parks.
6/1/2014
Electronics is Speeding Closing Time and Also Cutting Costs
An E-Mortgages can speed up closing time by 30 days. This has been estimated to save about $1,100 per mortgage.
5/21/2014
Fannie Mae's Advise To Maintain Home Ownership
It is not enough to get into a home, you need to be able to make those loan payments even during rough times. Fannie Mae’s steps include:
- Get educated
- Get your finances in order
- Establish a budget
- Start Saving
- Get pre-approved
5/13/2014
Oregon Leads the Way For a Fast Economy Growth
According to the Oregon Employment Department, Oregon increased the number of jobs by 2.6% over the last year while the national growth rate was 1.7%. The greatest growth was in construction which added 8,000 jobs. Professional and business services were also up about 4.1% by adding 8,500 jobs.
5/6/2014
Homeowners are Facing Slow Foreclosure Overhaul
Despite the fact that some homeowners can qualify for new loans, some of the larger banks are still foreclosing on them. Even though some banks have paid huge amounts of money in settlement for improper foreclosures, they still are making mistakes and foreclosing on people they shouldn’t be.
4/28/2014
Bike Sharing to Come to Downtown Portland
The plan is to bring a bike check-out system to downtown Portland in 2015. This system has already proven itself in New York and with a city that is an avid bike city like Portland, it is bound to be a success.
4/21/2014
Tailoring Thomas's Portland Downtown Home
Take a look at photos inside the Pink Martini bandleader’s 9000 square foot home in a renovated 1878 building in downtown Skidmore district.
4/14/2014
Portland Neighborhoods Home Values
If you live in Portland you may want to see how the value of the median home price has changed over the last year. When purchasing a home one thing you may want to consider is which neighborhoods are coming down in value and which ones are rising in value. The charts provided will also show you the crime rate, lifestyle or livability of the neighborhood, as well as the make-up of the people.
4/7/2014
Lake Oswego School Real Estate Study Completed
The Lake Oswego School Board is reviewing findings from a very extensive real estate study. They are specifically looking at elementary and Jr. High structures. They are finding that some schools have higher maintenance costs than the value of the building. The purpose of the study was to help the board decide which school buildings to keep, sell, or improve.
6/23/2013
A New Real Estate Website is Launched in Portland
Designed to make the house hunting process simple and seamless, was the motivator for this new real estate website called househapp.org. The site is driven by pictures and has been compared as a kind of Facebook for real estate.
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