December Real Estate Market Action Statistics

Statistics for November, released this month. Check out what's been going on in the local Portland real estate market.

Opportunity Knocks -- Especially in a Slow Economy

Did you know that many times more wealth is built during slow economic times than during the years of flourish? It's true. Consider a few of these things and you might agree with us.....now's the time that opportunity is knocking....are you brave enough to make a move?

Even in a battered economy, there are things to be thankful for -- especially if you're opportunistic and bold. Here are a few:

Cheap real estate. The housing bust triggered the whole economic downturn, but sooner or later it will produce some juicy bargains. Nationally speaking, home prices have already fallen 21 percent from their 2006 peak --a dream home could be just around the corner.

Fire sales. Consumers can snag some of the lowest prices ever on many big-ticket purchases.

Desperate car dealers. Car sales have collapsed, and with unsold models piling up on dealer lots, even popular vehicles are on sale.
Undervalued stocks. If you have any cash left after the recent rout--and a dose of gumption--you might be able to buy stocks at the cheapest prices in a generation.

A return to simpler times. Americans are starting to take up retro habits that evoke moments from the past. Riding a bike, learning to cook and using hand-me-downs are also a greener alternative.

A lower tax bill. President-elect Barack Obama has proposed a slew of tax cuts for middle-class consumers, and, with the economy desperate for a boost, it could be one of his first orders of business after taking office in January.

So don't be "down" about a down market....take a look at the bright side and seize the moment to make some bold moves for the better. Buy your first investment property. Stock up on cheap stocks. Get a great deal on a car. Just don't be shy. The time is now.