News Headlines for Portland, Oregon : 2017 Quarter 1

3/13/2017

Five Mistakes You Do Not Want To Make When Obtaining a Mortgage

Mistakes people make are moving money around, taking a leave of absence from work, applying for new lines of credit, going on shopping sprees, and taking on a new job.

picture courtesy of bitchenlifestyle.tv

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3/11/2017

Any desire to own a whole town?

Southern Oregon town of Tiller is up for sale for $3.85 million.  The town includes around 250 areas of land along the South Umpqua River.

picture courtesy of landleader.com

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2/18/2017

Floating Home Sales are on the Rise

The difference between a floating home and a house boat are that a floating home is built on floats that are anchored to a semi-permanent location on the water.  A house boat on the other hand is a vessel that has a motor and is free to travel the water.

picture courtesy of bbc.com

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2/2/2017

Pricey Markets Increase the Time to Profit on a Home Purchase

During the 4th quarter of 2016 it took around 1 year and 11 months before it made financial sense to own and an option over renting.  This was 20 days longer than in 2015 at the same time.

picture courtesy of frenchbrothers.com

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1/24/2017

2016 Best Year to Sell Your House

It may be a tough time for buyers as the inventory is low and prices keep rising but last year was a record year for sales that hasn’t been beat since 2006.

picture courtesy of davidazbillgroup.com

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1/20/2017

HUD suspends FHA mortgage insurance rate cut one hour after Trump took Office

The first thing the Trump administration did was to indefinitely suspend a pending rate cut for mortgage insurance required to get a FHA loan.  The concern was to not have another bailout from the U.S. Treasury like it did in 2013.

picture courtesy of Bob Hein Mortgage.com

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