Just a friendly reminder to set your clocks back 1 hour:
Sunday, November 2, 2008 at 2 a.m.
Best wishes to you this beautiful fall season!
Thursday, October 30, 2008
Monday, October 27, 2008
Existing Home Sales Rise on Increased Affordability*
Existing-home sales increased last month as buyers responded to improved housing affordability conditions, according to the National Association of Realtors®.
Existing-home sales – including single-family, townhomes, condominiums and co-ops – rose 5.5 percent to a seasonally adjusted annual rate¹ of 5.18 million units in September from a level of 4.91 million in August, and are 1.4 percent higher than the 5.11 million-unit pace in September 2007.
Lawrence Yun, NAR chief economist, said more markets are seeing year-over-year gains. “The sales turnaround which began in California several months ago is broadening now to Colorado, Kansas, Minnesota, Missouri and Rhode Island,” he said. “The South was hampered by much lower home sales in Houston in the aftermath of Hurricane Ike.”
NAR President Richard F. Gaylord, a broker with RE/MAX Real Estate Specialists in Long Beach, Calif., said low home prices and low interest rates have been attracting buyers. “This is the first time since November 2005 that home sales have been above year-ago levels,” he said. “Credit tightened at the end of September, but the improvement demonstrates that buyers who’ve been on the sidelines want to get into the market to make a long-term investment in their future.”
If you woner how this market could benefit you as a buyer, give Jaimy and Sherine a call today. We can help you find a terrific deal in Portland, one of the countries' best real estate markets.
*Article courtesy of Landover Mortgage.
Existing-home sales – including single-family, townhomes, condominiums and co-ops – rose 5.5 percent to a seasonally adjusted annual rate¹ of 5.18 million units in September from a level of 4.91 million in August, and are 1.4 percent higher than the 5.11 million-unit pace in September 2007.
Lawrence Yun, NAR chief economist, said more markets are seeing year-over-year gains. “The sales turnaround which began in California several months ago is broadening now to Colorado, Kansas, Minnesota, Missouri and Rhode Island,” he said. “The South was hampered by much lower home sales in Houston in the aftermath of Hurricane Ike.”
NAR President Richard F. Gaylord, a broker with RE/MAX Real Estate Specialists in Long Beach, Calif., said low home prices and low interest rates have been attracting buyers. “This is the first time since November 2005 that home sales have been above year-ago levels,” he said. “Credit tightened at the end of September, but the improvement demonstrates that buyers who’ve been on the sidelines want to get into the market to make a long-term investment in their future.”
If you woner how this market could benefit you as a buyer, give Jaimy and Sherine a call today. We can help you find a terrific deal in Portland, one of the countries' best real estate markets.
*Article courtesy of Landover Mortgage.
Thursday, October 23, 2008
Keep Your Heating Bills Down and Your Home Values Up This Winter
These simple tips for home maintenance mean your home is kept in tip-top shape -- ideal for those considering selling next Spring.
Plus, by winterizing early, you can cut on your heating bills through the chilly Northwest winter.
Plus, by winterizing early, you can cut on your heating bills through the chilly Northwest winter.
Monday, October 20, 2008
Rates and Market Updates
"As noted this morning, investors should be getting interested in mortgages now; today saw strong buying in mortgages and narrowing the spread between the 10 yr note note that had expanded to 290 basis points, against the norm of about 150 basis points. Treasuries were better today but not nearly as strong in price gains as the mortgage market. Investors have to begin to see value in mortgages which are now as about as safe as treasuries (the only small fly is delay in re-cooping interest and principal payments in foreclosure action). Normal MBSs have yields about 40% higher than 10 yr notes."
From our partners at Director's Mortgage, Portland Oregon.
From our partners at Director's Mortgage, Portland Oregon.
Thursday, October 16, 2008
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