Wednesday, June 24, 2009
Just Listed!
Check out the super cute home near Chehalem Glenn Golf Course in Newberg. Great value and amazing park location in this terrific DR Horton neighborhood. (Fore!)
Sunday, June 21, 2009
a favorite designer...
OK, for some seriously cute summer entertaining, check out the great ideas of Janell Beals....a fab designer, great neighbor and all-around super cool gal...
Right now she's offering a giveaway for a summer picnic or casual dinner party set that I am not-so-secretly hoping to win. You've got to check it out.
A Blog About Design
www.isabellaandmaxrooms.blogspot.com
Remember, these are the good 'ol days, time to enjoy them.
Right now she's offering a giveaway for a summer picnic or casual dinner party set that I am not-so-secretly hoping to win. You've got to check it out.
A Blog About Design
www.isabellaandmaxrooms.blogspot.com
Remember, these are the good 'ol days, time to enjoy them.
Thursday, June 18, 2009
Wednesday, June 17, 2009
Evidence That US Housing Has Hit A Price Floor
Here's a terrific article by Don Miller of Money Morning, on the current real estate market....and what's ahead.
If you are a real estate investor, one of the most important questions on your mind is when the housing market will hit bottom. According to Andrew Waite, publisher of Personal Real Estate Investor, some markets like the West Coast have already bottomed and will start swinging upward in the fall.
The U.S. housing market has been the epicenter of the global financial crisis. And many analysts believe that by watching it, investors will be able to better predict an economic recovery.
Unfortunately, because housing market data is an amalgam of a wide range of local markets, it is notoriously difficult to follow.
“It’s like a weatherman who combines conditions in Nome, Alaska and Clearwater, Florida and issues an “average” national forecast of 45 degrees,” says Andrew Waite, a former institutional investor who is now the publisher of a magazine focusing on real estate investing. “Real estate markets are by their very nature ‘hyper-local.’ Averages simply don’t apply.”
Waite is the publisher of the Personal Real Estate Investor, a magazine for investors who buy houses or condos to manage for income or to fix up and sell for a profit.
The housing market is too fractionalized to put a finger on an “average” price, Waite says. Real estate is segmented by individual neighborhoods, and is further subdivided by price points and such price-influencing factors as condition, cash flows - and even cap rates on rental properties.
To combat this problem Waite compiles and verifies data directly from records kept by local Multiple Listing Services. Using those sales records, Waite determines the supply inventory of major markets, giving him the hyper-local data that reveals a more complete picture of individual markets.
And according to Waite’s analysis’ the real estate rebound is already underway.
“The formula’s pretty simple,” he says. “As housing inventories shrink in real estate markets around the country, demand and prices go up.”
After examining the statistics for March, Waite sees a clear bottoming pattern, at least in some markets. If he’s right, the Western United States is already making a comeback and the ripples of resurgence will soon make their way to the Midwest and then to the East Coast.
What’s more, the improvement from year to year indicates the bottoming sequence will soon have prices on the rise.
Housing Markets in Western U.S. Have Already Bottomed
Remarkably, Waite’s research reveals the downtrodden Las Vegas housing market has already bottomed and is currently “balanced” between buyers and sellers. Housing markets in Seattle, Los Angeles, Phoenix and Denver are on the move too:
* Phoenix’s MLS housing inventory is 7.33 months, down from 19.1 months last year.
* Denver’s current inventory is 5.59 months, down 35% from a year ago.
* San Diego’s inventory stands at a paltry 4.19 months, down 58% from a year ago.
* And Las Vegas’ inventory stands at just 6.25 months, down a whopping 64% from an inventory of 17.5 months in 2008.
Waite sees the trend on the West Coast as a leading indicator that the worst is behind us.
In short, if you’re in one of those depressed markets where prices are still dropping, relief may well be on the way.
To see the rest of this story, go direcly to:
http://www.nuwireinvestor.com/articles/evidence-that-the-us-housing-market-has-bottomed-53030.aspx
Published on: Tuesday, June 02, 2009
If you are a real estate investor, one of the most important questions on your mind is when the housing market will hit bottom. According to Andrew Waite, publisher of Personal Real Estate Investor, some markets like the West Coast have already bottomed and will start swinging upward in the fall.
The U.S. housing market has been the epicenter of the global financial crisis. And many analysts believe that by watching it, investors will be able to better predict an economic recovery.
Unfortunately, because housing market data is an amalgam of a wide range of local markets, it is notoriously difficult to follow.
“It’s like a weatherman who combines conditions in Nome, Alaska and Clearwater, Florida and issues an “average” national forecast of 45 degrees,” says Andrew Waite, a former institutional investor who is now the publisher of a magazine focusing on real estate investing. “Real estate markets are by their very nature ‘hyper-local.’ Averages simply don’t apply.”
Waite is the publisher of the Personal Real Estate Investor, a magazine for investors who buy houses or condos to manage for income or to fix up and sell for a profit.
The housing market is too fractionalized to put a finger on an “average” price, Waite says. Real estate is segmented by individual neighborhoods, and is further subdivided by price points and such price-influencing factors as condition, cash flows - and even cap rates on rental properties.
To combat this problem Waite compiles and verifies data directly from records kept by local Multiple Listing Services. Using those sales records, Waite determines the supply inventory of major markets, giving him the hyper-local data that reveals a more complete picture of individual markets.
And according to Waite’s analysis’ the real estate rebound is already underway.
“The formula’s pretty simple,” he says. “As housing inventories shrink in real estate markets around the country, demand and prices go up.”
After examining the statistics for March, Waite sees a clear bottoming pattern, at least in some markets. If he’s right, the Western United States is already making a comeback and the ripples of resurgence will soon make their way to the Midwest and then to the East Coast.
What’s more, the improvement from year to year indicates the bottoming sequence will soon have prices on the rise.
Housing Markets in Western U.S. Have Already Bottomed
Remarkably, Waite’s research reveals the downtrodden Las Vegas housing market has already bottomed and is currently “balanced” between buyers and sellers. Housing markets in Seattle, Los Angeles, Phoenix and Denver are on the move too:
* Phoenix’s MLS housing inventory is 7.33 months, down from 19.1 months last year.
* Denver’s current inventory is 5.59 months, down 35% from a year ago.
* San Diego’s inventory stands at a paltry 4.19 months, down 58% from a year ago.
* And Las Vegas’ inventory stands at just 6.25 months, down a whopping 64% from an inventory of 17.5 months in 2008.
Waite sees the trend on the West Coast as a leading indicator that the worst is behind us.
In short, if you’re in one of those depressed markets where prices are still dropping, relief may well be on the way.
To see the rest of this story, go direcly to:
http://www.nuwireinvestor.com/articles/evidence-that-the-us-housing-market-has-bottomed-53030.aspx
Published on: Tuesday, June 02, 2009
Wednesday, June 10, 2009
Real Estate is Selling....
Buyers and Sellers: Things are Moving, Don't Miss This Buying Season
Be sure not to miss the window of LOW rates, HIGH affordability and LOTS of inventory to choose from....see the chart below and compare it to just last month. As you can see, real estate is selling in the Portland market.
New Stats for May, Compared to April:
Prices up to $299,900 -- absoprtion rate is now 8.0 months' supply (down from 8.4)
Prices $300,000 to $499,999 -- absoprtion rate is now 10.0 months' supply (down from 11.4)
Prices $500,000 to $699,999 -- absoprtion rate is now 17.7 months' supply (down from 18.4)
Prices $700,000+ -- absoprtion rate is now 42.2 months' supply (down from 54.4)
Be a buyer in the best buyer's market in 35 years!
Be sure not to miss the window of LOW rates, HIGH affordability and LOTS of inventory to choose from....see the chart below and compare it to just last month. As you can see, real estate is selling in the Portland market.
New Stats for May, Compared to April:
Prices up to $299,900 -- absoprtion rate is now 8.0 months' supply (down from 8.4)
Prices $300,000 to $499,999 -- absoprtion rate is now 10.0 months' supply (down from 11.4)
Prices $500,000 to $699,999 -- absoprtion rate is now 17.7 months' supply (down from 18.4)
Prices $700,000+ -- absoprtion rate is now 42.2 months' supply (down from 54.4)
Be a buyer in the best buyer's market in 35 years!
Sunday, June 7, 2009
100% Loan Comes to Wilsonville and More!
Great News for Buyers!
USDA Rural Development is adding Cornelius, Forest Grove, Wilsonville, Woodburn, Coos Bay, North Bend, Roseburg, and Klamath Falls to its eligible rural areas.
For more information, please go to:
http://www.rurdev.usda.gov/OR/sfh.htm
USDA Rural Development is adding Cornelius, Forest Grove, Wilsonville, Woodburn, Coos Bay, North Bend, Roseburg, and Klamath Falls to its eligible rural areas.
For more information, please go to:
http://www.rurdev.usda.gov/OR/sfh.htm
Friday, June 5, 2009
Oregon Leads Nation Out of Recession...
...from a Moody's PNW Economic Prediction article just out...
Oregon, Washington and three other states will lead the nation out of recession as Northwest jobs growth resumes toward the end of this year, Moody's Economy.com predicts.
Strong high-tech industries will help propel the Northwest -- and Idaho and Colorado -- out of the slump first, the research company says. Texas will also join the first wave of U.S. jobs growth, fueled by its energy industries, Moody's says.
"We're optimistic about Washington, Oregon and some of the high-tech areas such as Colorado," says economist Andrew Gledhill of Moody's Economy.com. In the Northwest, he says, "We expect the first quarter of positive jobs growth to be in 2009, quarter four."
Gledhill predicts a second wave of jobs growth during the first quarter of 2010 in seven other states: Alabama, Georgia, Nebraska, New Mexico, North Carolina, North Dakota and South Dakota.
He predicts companies with pent-up demand for high-tech equipment will begin spending. He expects Northwest home sales to pick up due to lower prices and mortgage rates.
But the region's expanding labor force could continue driving high unemployment rates, Gledhill says. And lots could go wrong, he says, such as a drop in consumer spending as the boost from government stimulus weakens later this year.
-- Richard Read
Thanks to ER
Oregon, Washington and three other states will lead the nation out of recession as Northwest jobs growth resumes toward the end of this year, Moody's Economy.com predicts.
Strong high-tech industries will help propel the Northwest -- and Idaho and Colorado -- out of the slump first, the research company says. Texas will also join the first wave of U.S. jobs growth, fueled by its energy industries, Moody's says.
"We're optimistic about Washington, Oregon and some of the high-tech areas such as Colorado," says economist Andrew Gledhill of Moody's Economy.com. In the Northwest, he says, "We expect the first quarter of positive jobs growth to be in 2009, quarter four."
Gledhill predicts a second wave of jobs growth during the first quarter of 2010 in seven other states: Alabama, Georgia, Nebraska, New Mexico, North Carolina, North Dakota and South Dakota.
He predicts companies with pent-up demand for high-tech equipment will begin spending. He expects Northwest home sales to pick up due to lower prices and mortgage rates.
But the region's expanding labor force could continue driving high unemployment rates, Gledhill says. And lots could go wrong, he says, such as a drop in consumer spending as the boost from government stimulus weakens later this year.
-- Richard Read
Thanks to ER
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