Archive for March, 2008

3% is the new Zero Down

March 31st, 2008 \\ Uncategorized

Many people have been calling this for a while now but it became official on March 28th, 2008 that PMI [Private Mortgage Insurance] on Zero percent down loans is now gone. So what does this mean?…. It means that the days of buying a house with no cash at all are gone… at least for [...]

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REVISED – Pending sales of detached homes up 114% in March!

March 24th, 2008 \\ Uncategorized

There is a definite sense that things are picking up right now in Portland. I took a look at the numbers and, Wow! Pending sales of detached homes are up 107% in March over February. Buyers are coming out of the woodworks and multiple offers are becoming common again. Here is a Breakdown of Pending [...]

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Look who's on Fire

March 19th, 2008 \\ Uncategorized

I was interviewed by a cool new website called www.portlandonfire.com that profiles one Portlander every day. See the interview here

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Time to get off the fence

March 17th, 2008 \\ Uncategorized

A month ago when the numbers showed that Portland Metro had almost 13 months of inventory I broke it down to the close-in neighborhoods and showed that we still have a balanced market. A couple days ago news came out that inventory has Dropped back to 10.4 months and the number of closed sales are [...]

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Walking the Walk

March 11th, 2008 \\ Uncategorized

If you’ve met me in person I’ve likely told you the story about my first sale ever in real estate. With my license freshly in hand I went out and bought a home for myself as my first transaction. I remember how excited and scared I was in making the offer, negotiating, and signing the [...]

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The Deal with Short Sales

March 3rd, 2008 \\ Uncategorized

With the National market in flux and certain segments of our local market slowing, buyers are looking for ways to save money and sellers are looking for a way to get out of trouble. Those two goals sometimes intersect with something called a short sale. A short sale is where a Lender agrees to let [...]

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