Tag Archives: home sales

Portland’s 25 Hottest Neighborhoods of 2013

The Pearl, Sellwood, Oak Grove, Gresham, St. Johns, Multnomah Village . . . They’re on there, plus 19 others, but which greater Portland neighborhoods saw the most home sales in 2013?

Portland Business Journal has created a list of the “hottest neighborhoods” in greater Portland. They used information from the Regional Multiple Listing Service to compile a list of which Portland ZIP codes saw the most home sales.

Take a look HERE and see if your neighborhood made it.

Portland Real Estate in 2014

2014 is upon us, and with it comes a whole new year of home buying highs and lows. With the economy still in a fairly volatile state, it’s hard to make completely accurate predictions regarding real estate. That said, Elliot Njus from The Oregonian has written a great piece on what you could possibly expect when buying a home in 2014.

READ HERE

Rise in Home Sales

A recent article from Bloomberg details the rise in home sales, and other boring but important information on the housing market. Here’s the whole article. But just in case, I’ve listed important points below.

“Purchases of new U.S. homes rose in August, capping the weakest two months this year, showing the fallout from mortgage rates at a two-year high is cooling the real-estate rebound.”

“Sales increased 7.9 percent . . .”

“’The jump in mortgage costs is a significant factor in home purchase decisions, so the housing recovery will abate to some degree,’ said Russell Price, a senior economist at Ameriprise Financial Inc.”

“The median sales price for a new home increased 0.6 percent from August 2012, to reach $254,600, today’s report showed.”

“Purchases rose in three of four U.S. regions, led by a 19.6 percent jump in the Midwest. Sales dropped 14.6 percent in the West to an 82,000 annualized pace, the weakest since March 2012.”

“There were 175,000 new houses on the market at the end of August, the most since March 2011.”

“New-home sales, tabulated when contracts are signed, are considered a timelier barometer than purchases of previously owned dwellings, which are calculated when a contract closes.”

Lennar Corp. (LEN), the third-largest U.S. homebuilder by revenue, said its fiscal third-quarter earnings rose as the company sold more houses and raised prices. The housing recovery ‘is still very much intact,’ said Stuart Miller, chief executive officer of the Miami-based builder.”