News Headlines for Portland, Oregon : 2017 Quarter 2

6/27/2017

Portland Second Only to Seattle in Rising Home Value

Prices jumped 1.9% in Portland in April which comes in 9.3% higher than a year ago.  This is much higher than the national average which was prices rising .9% for April and 5.5% for the year.

 

picture courtesy pohl real estate

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6/20/2017

Fannie Mae Plans to Increase Allowable Debt-To-Income Ratio

Home owners may find it a little easier to qualify for a home mortgage because Fannie Mae is planning on increasing its debt-to-income ratio from 45% to 50% on July 29th.

picture courtesy of Investopedia.com

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5/31/2017

Cash is Being Pocketed With Refinancing

Low interest rates coupled with home values on the rise is the reason Americans are refinancing their mortgages and taking cash out in the process.


picture courtesy of portlandonthemarket.com

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5/22/2017

April Brought on Bidding Wars in Portland

Modest homes were often getting more than their asking price in April’s hot real estate market in Portland. 


Courtesy of rashidamalik.com

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4/2017

Portland Homes Statistics

Latest data regarding home prices and inventory in the Portland Neighborhoods.  The Pearl District comes in the highest for price per square foot at $568 while the average home price was highest in Riverdale Area of Multnomah County.


picture courtesy of google maps

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4/5/2017

The State of the Real Estate Industry This Week

Home prices are up, mortgage rates are higher than before the election but have not moved much this week.  There is a large drop in refinancing applications but mortgage applications to purchase a home is up.

Picture courtesy of farinternational.com

 

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