lents news...
Jan 7,2009
Buyers Benefit From Sliding Home Values
by Agent503
For the first time since the housing bubble burst, the year-over-year decline in value for residential property in Portland is in the double-digit range. According to the S&P Case-Shiller Index, arguably the nation’s most recognized source for home price changes, Portland homes lost more than 10% since October 2007. But not all neighborhoods have been affected to the same extent. Losses in several close-in neighborhoods have remained in the single-digit range, some have even posted mild gains. In some situations sellers have lowered prices on their homes beyond the neighborhood trend, creating interesting opportunities for buyers. Find out more here .
posted at 09:58 AM
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Oct 9,2008
Former Mortgage Broker’s Home Takes The Prize For “Most Desperate Seller”
by Agent503
Not too long ago this prestigious 7000 sq. ft, 6-bedroom Mt. Tabor home was included in the National Register of Historical Places. It is now bank-owned and has become the mockery of several Portland real estate blogs. The property went on the market in May 2007 for 1.8M. Fifteen months later it is now priced at 899k, a whopping 53% less - the biggest drop among the 160 properties tracked in Portland's Desperate Sellers Database. The bank took over this property when the owner, a local mortgage broker, was unable to...uhmm...meet his obligations. If that ain’t a sign of the times… Find out more about this month's real estate activity and other Desperate Sellers here .
posted at 09:45 AM
2 comments
Sep 24,2008
Portland Voted Greenest City In The U.S.
by Agent503
According to a ranking by SustainLane, Portland is the greenest city in the nation. The rankings track the unfolding story of cities working to improve their residents’ quality of life. Cities with decentralized energy supplies, renewable water sources, abundant mass transit etc score high. Green building and land use policies also play an important role in determining who's green and who's not. Portland's placing at the top may not come as a surprise to many, but the city may not be as green as it's made out to be. Find out more here . Related Info: Portland is the Greenest U.S. City-Well, Mostly!
posted at 01:20 PM
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Sep 17,2008
Home Prices Drop by 7.3%, Biggest Year-Over-Year Decline Since 1996
by Agent503
The Regional Multiple Listing Service released the Market Action Report this week. The median sale price for August 2008 was $280,000 this is a 7.3% decrease from the median sale price for August 2007 and marks the biggest year-over-year decline since at least 1996. Months of supply (total inventory/monthly sales) sits at 9.9 months compared to the 6.2 months of supply for the same month last year. Sellers are becoming increasingly motivated, however their motivation is often expressed in subtle terms. Not always can are the magic words "Motivated Seller" visible to buyers. Find out here how seller motivation is communicated and where in Portland motivated sellers are located.
posted at 09:11 AM
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Sep 12,2008
Portland Zip Codes Among The Best And Worst Performing Areas In The Nation
by Agent503
According to a report by Newsweek, Portland zip code 97202 is among the best performing areas in the country. The southeast section of town that includes Sellwood, East & West Moreland and parts of Woodstock scored high on a number of metrics. But Portland-metro is also home to one of the poorest performing zip codes in the nation - 97034. Find out more about the tale of two zip codes here .
posted at 09:31 AM
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Aug 21,2008
East Portland Works for Needed Improvements
by shooter
I think this article from the Tribune demonstrates how a well-organized group of citizens can, with persistence, get the attention of City Hall. The East Portland Action Plan Committee met for 8 months developing a plan to improve East Portland, and bring in much needed amenities and services required for the higher density growth they have experienced. I looked at the draft East Portland Action Plan, it is extensive and ambitious. I think the committee should be commended for its efforts and results.Here are some important Portland Online links related to the East Portland Action Plan:
General Information
East Portland Review
Draft of the Action Plan
East Portland Action Plan Area Map
The East Portland Action Plan Implementation Team will meet monthly from Sept through Dec, starting Sept 25 from 6PM to 9PM, location to be determined. Stay informed and participate, your input is important to
Read More...
posted at 12:33 PM
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