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Archive for the ‘Market Report’ Category
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Thursday, September 17th, 2009July 2009 RMLS Market Action Report & Commentary
Monday, August 17th, 2009The latest RMLS Market Action Report is out and posted on our site along with our commentary
/ summation of the numbers and comments on what we’re seeing in the market and how that is represented in the numbers. Additionally we blogged a while back about which homes are selling and why, a blurb about that in this month’s commentary as well as a link to an eye opening PDF; head over and take a look!
June 2009 RMLS Market Action Report & Commentary
Friday, July 24th, 2009Boy have we been busy…The last RMLS market action report came out about a week ago and
I’m just now able to sit down and get my commentary and this blog entry in and the latest June 2009 RMLS Market Action Report shows why; the market is moving folks! We’re seeing lots of activity, lots of buyers, FHA in just about every transaction these days, seller paid closing costs in most as well and of course that first time home buyer tax credit. Things are a rollin’ however we are concerned that come the end of November we could see things come to a screeching halt. Check out the RMLS market action report and our commentary on it to find out why.
May 2009 RMLS Market Action Report & Commentary
Monday, June 22nd, 2009The May 2009 RMLS Market Action Report was released a few days ago and being the busy season with a lot of transactions in 
escrow I just didn’t have the time to do my write up on it until today, but it’s there now! Indicators are basically what we’ve come to expect in this market, significant depreciation, -13% overall since this time last year, and high inventory though we did manage to shave 4/5′s of a month off that from 11 down to 10.2 months. Read our write up on the Portland Real Estate Market and from that page you can also download the full report.
What we’re seeing: Market activity picking up, homes priced right are moving
Friday, May 29th, 2009We’re seeing lots of new activity in the market and RMLS’ posting of Oregon and Washington lockbox activity numbers shows the increased activity:
Still waiting to buy a home? Your ship is sailing…
Thursday, May 28th, 2009
Economic growth on the horizon, housing moving again, recession coming to a close?
Thursday, May 21st, 2009A few weeks (months?) ago we began hearing news about a light at the end of the tunnel, a recovery, and it’s becoming 
louder and louder. Currently MSNBC.com, CNN.com, BBC.com and even front page of BusinessWeek a few weeks back put a spot light on the housing market in some of the hardest hit areas in the country citing “signs of life” as the housing market begins picking up pace again along with economic indicators pointing towards a bottom and a road to recovery.
April 2009 RMLS Market Action Report & Commentary
Friday, May 15th, 2009RMLS released the April 2009 Market Action Report yesterday, a day early – strange. Anywho, it’s out and our commentary 
on the numbers is available in the usual spot on our website under the RMLS Portland Market Action Report link. The numbers as they have been recently are mixed, some good, some not so good. Also, RMLS changed the report files once again, instead of having individual counties plus an all counties version as they recently changed to, they apparently changed it again and decided to discontinue the all counties report so only by county/area reports are available now. As such we will have the Portland & Vancouver market reports available on our site. Give it a read and download the report here.
Recovery? We’ve Hit Bottom? Whats that you’re saying Bernanke?
Wednesday, May 6th, 2009I meant to get to this post yesterday as that’s well, when the story came out…however my cell phone tends to agree with Bernanke that 
things are looking up because it’s been going nutts recently…today was even worse (umm, errr - Better!), but I had to get this in.
Bruce Howard with Landover Mortgage: Daily Market Commentary – May 5th 2009
Tuesday, May 5th, 2009
In a widely circulated story, Barack Obama was apparently misquoted. Leading publications state that he said, “Wait a minute now, I didn’t authorize attacks on the Pirates, I authorized a tax on the pirates.”
Solution to the Housing Market. I agree with Jim!
Monday, May 4th, 2009
Jim Gillespie, president of Coldwell Banker was recently interviewed on Fox Business news and he said alot of great stuff (you can watch the video from the link below or just click play on the YouTube.com version under the link). In summary he suggests two things:
Waiting for the Bottom? You’re Likely to Miss it & Miss Out…
Tuesday, April 28th, 2009The big question, when will we hit bottom or have we already? As Realtors we and others in the industry that we work with daily are frequently hearing buyers saying they are waiting for the bottom to buy; hence the point of this blog entry. Keep in mind statistics
and trends are found and compiled after events, not before them thus if you are waiting for confirmation on hitting bottom you’re pretty much guaranteed to miss it. Additionally think about this, in Portland we’re seeing -2% to -7% depreciation rates, so lets say on a $300,000 home if you’re “waiting for the bottom” then you’re betting that home would be $285,000 in one year at -5% *if* (and that’s a huge if) we continue to see a solid decline for the next year, so you’d save $15,000 right?
Consumer Confidence Jumps Despite Pigs Flying
Tuesday, April 28th, 2009Despite the outbreak of swine flu and the low level Air Force One fly over of NY city causing panic and evacuations yesterday and even in spite 
of the economy in general, guess what? Consumer confidence is up and not just up, but WAY UP. Economists expected an uptick, from 26.9 points in the NY Based Conference Board to 29.5, but it instead jumped to a whopping 39.2; yet another sign we may have hit bottom and are beginning to make the trek back up. I’ve been hearing more and more “we’ve hit bottom” from some economists and even a one liner in an article about 2 weeks back in the Oregonian home section, but this article with MSNBC.com mentions the same thing “another sign the housing crisis could be bottoming”, article available here. They mention in that same paragraph that home prices dropped sharply again in February but for the first time in 25 months it was not a record breaking drop.
February RMLS Market Action Report and Commentary
Monday, March 23rd, 2009The RMLS Market Action Report is out for February 2009 and my commentary on the numbers is up on our site now. 
If you’re just interested in a quick “whats up in the market” take a look at my commentary as it’s just the relevant Portland market information, if you have some time to kill and want to read all 52 pages of the multi-county report feel free to do so, you can download it from the same place and have at it.