The U.S. Senate passed the Homeowner Flood Insurance Affordability Act last month and President Obama signed it into law on Friday, March 21st. The bill caps flood insurance premium increases and allows taxpayer-subsidized, below-market insurance rates to be passed on … [continue...]
There have been a number of factors that have contributed to the decline in home sales lately. Low inventory, severe winter weather, and rising prices caused home sales to fall to their lowest monthly level in February since July 2012.
Closed sales declined 0.4 … [continue...]
The Case Schiller Home Price Index released Tuesday showed the anticipated small drop in home sale prices for the three months ending in January 2014. Portland fell 0.3% from December and was 13.2% above January 2013. This was in line with the other cities in the 20 … [continue...]