Real Estate Blog

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I wanted to follow up Phil's October 10th blog post declaring our market a "screaming buy" and our 10/13 podcast with Phil's prediction of a 10% market rise in next year's first half with some additional context.

This chart shows data from RMLS statistical reports for the Portland market.  Over the past two years, most of the price appreciation has happened in the first half of each year.  The market has been essentially flat in the back half of each year.  Part of the explanation is that inventory tends to build in the second and third quarter (see boxes in chart above), and get sold off over the back half of the year.

The other part of the explanation is the mix of home sales: larger, family, homes at higher price-points tend to be more

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In a few days, the RMLS Market Action Report will tell us about Portland's real estate market in September. We predict that the report will be seen as negative, and in that is opportunity.

Here is what has happened: In August the number of Portland properties that went under contract was 7.6% lower than August 2016, and also 7.6% lower year-to-date in 2017 compared with a similar period in 2016. These numbers will result in fewer reported closings last month compared to September 2016, August 2017, and year-to-date 2016 vs 2017 through September.

Number of Homes Sold in Portland

Those that closed in September will probably also be at lower price points. OregonLive and a few talking heads will claim that tight supply and affordability issues mean the market may have peaked, that

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Portland Home Team is excited to announce our most recent addition to the team of agents. Kyung Kim has been a Portland resident for 25 years and loves the Pacific NW. A committed community member, Kyung is a long-time volunteer with Compassion First, as well as her children’s schools and church. Entertainer extraordinaire, she’s happiest when feeding friends and family.

Kyung believes everyone deserves a home, and she is passionate about sharing homeownership as a path to financial stability. She earned a Bachelor of Science in General Business and Finance from the University of Massachusetts at Amherst and brings years of experience in financial services to her real estate business. Whether you’re buying your first home, selling your empty nest, or

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Wondering which step to take in your buying and selling process? There's a lot to consider, so we've weighed out the options for you: 

Buy the Home You Want Before Selling?

Benefits:  This approach permits you to wait until the right home becomes available.  You will have plenty of time to shop without the pressure of an impending move date.

Risks:  Significant financial risk with this approach.  You could end up owning two homes for a long period of time.  Your loan fees may be higher, especially if a bridge loan is necessary.  Your purchasing power may be limited, restricting your home choices.

Your Best Choice When: it is a seller’s market – you can make the purchase with some confidence that your home will sell quickly.  Also, a good

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While the weather may not be cooling down just yet, signs of fall are here! The school buses have started their engines and schools are opening their doors welcoming in new faces. This week many kids in the Portland area are heading back to school, and Portland Home Team wishes all families good luck this fall quarter! 

We know it's hard to get back into the swing of things after an eventful summer vacation, so we’ve made a list of essentials for setting the back-to-school routine:

  • Set a consistent bedtime & wake up time.
  • Pack healthy lunches the night before so mornings go smoother.
  • Eat a high-protein breakfast to start the day off right.
  • Set a staging area: Find a central spot to store everything related to school, including
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The weekend is fast approaching. Everyone's talking about this once-in-a-lifetime event. The great solar eclipse is upon us in just under a week and Oregon just happens to be in the path of totality! With this remarkable view, it's estimated that over 1 million+ people will be visiting our beautiful state to witness the event. It will start around 9 am and the full eclipse will take place around 10 am. With an influx of traffic and, you know, actively staring at the sun, NASA has some helpful tips on safety for the big event. Check it out below!

From NASA:

An eclipse is a rare and striking phenomenon you won't want to miss, but you must carefully follow safety procedures. Don't let the requisite warnings scare you away from witnessing this singular

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Before you dive into replacing your windows, the first step is to carefully evaluate the pros and cons. Replacing your windows is no small investment. The average cost to replace the windows in a home is in the five-figure range. Even if replacing your windows results in huge energy savings, it can take years and years for the investment to pay off.

If you’re truly ready to replace them—whether it’s for energy and comfort, an aesthetic upgrade, or your current windows are simply beyond repair—here are a few things to keep in mind.

Pick the right materials
Window materials include vinyl, fiberglass, composite, wood, and aluminum. There are several factors that should go into deciding on the best material for your home, such as durability, energy

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