Archive for January, 2009

State of the Mortgage Union

January 29th, 2009 \\ Uncategorized

This is written by my good friend and mortgage broker James Adair Mortgage Manager at Mortgage Trust Inc. www.pdxhomeloan.com (1/27/2009) As we plunge deeper into this economic darkness, the US government sponsored residential mortgage industry is becoming one of the rare places a regular family can go to seek some BENEFITS. The government has committed [...]

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National homes sales up – where is Portland?

January 26th, 2009 \\ Uncategorized

I read a great article in CNN this morning that shows the national home market is starting a rebound. Nationally homes sales are up with buyers taking advantage of low prices, low interest rates and in some cases tax credits. Read the Article here. Portland numbers look something like this: Last January we had 1,908 [...]

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2008 Year in Review

January 19th, 2009 \\ Uncategorized

So much happened in 2008 it’s hard to keep track. So here is my re-cap of 2008. 1. Interest rates drop but so do loan options: Interest rates at the begining of 2008 were above 6% and now we’re generally at or under 5% – that’s great news and it saves you money. At the [...]

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How to know where we're going

January 13th, 2009 \\ Uncategorized

I talk a lot about inventory when I share info about the market. Inventory gives you a great snapshot of the market at any given point in time to know whether it favors sellers or buyers. Right now what everyone wants to know is not where are we, but where are we going…. There are [...]

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Predictions for 2009

January 5th, 2009 \\ Uncategorized

They say that only a fool makes predictions – especially about the future! So, in total disregard to that wisdom here I go with my top five predictions for Real Estate in 2009. Locally I will be watch inventory and transaction volume trends and will be sharing updates on www.sellpdx.com. 1. The U.S. Government will [...]

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