Main Content

Market News

Portland Housing Market: Sellable Homes Needed!

The November 2014 RMLS Market Action just came out, and while some may notice that pending and closed sales declined, prices stayed even, and inventory increased compared to October, focusing on the month-to-month change is misleading. November...

Read more

Core Logic Market Pulse

New Housing Normal

  Core Logic's Chief Economist Dr. Mark Flemming's "Welcome to the New Housing Normal" in the latest Market Pulse gives great explanatory structure to the market that seems to be emerging in the Portland Real Estate market. Many cities...

Read more

President Signs Flood Insurance Affordability Act

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 insuran...

Read more

Home Sales Fall Six Out Of Past Seven Months

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. Close...

Read more

Mortgage Rates Come Down A Little

Mortgage rates hit a record low roughly a year ago, but have risen about a full percent since then. Last week the average U.S. rates on fixed 30-year mortgage loans fell to 4.32 percent from 4.37. The average for a 15-year mortgage loan fell to...

Read more

Oregon: 2013’s Top U.S. Moving Destination

Portland, Oregon and its suburbs have frequently topped popularity lists as one of the United States’ most favored places to live in 2013. As a proud resident of Portland, it is easy to see why so many people recognize what a wonderful city w...

Read more