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1 in 4 Properties Are ‘Equity Rich’
Posted on 11/18/2019
1 in 4 Properties Are ‘Equity Rich’
Image by mohamed Hassan from Pixabay For the areas around Portland and Portland's west side, Beaverton's rate is 36.4%, Hillsboro's rate is 33%, Forest Grove's rate is 30.9% while Portland's rate is 43.4%. Here is more details about the data from the rest of the nation. It’s a good time to be a homeowner: The share of equity-rich...
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Open House This Sunday in Beaverton
Posted on 11/16/2019
Open House This Sunday in Beaverton
I will be hosting an open house in the Sexton Mountain Neighborhood of Beaverton. Come by this Sunday November 17 from 1 - 3 PM. Price is $410,000. This 1947 farmhouse is in a quiet cul de sac, and privacy all around. Brand new comp roof with 30 year transferable warranty. Interior has Brazilian hardwoods, updated bath, new...
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Mortgage Rates Rise Again as Recession Fears Recede
Posted on 11/16/2019
Mortgage Rates Rise Again as Recession Fears Recede
Source: Freddie Mac, REALTOR® Magazine For home buyers, mortgage rates continue to be historically low. They are a full precentage point lower than last year at this time. It is a good time to buy as often home prices are being reduced prior to the holidays. Here are more details. Mortgage rates climbed again this week, and economists...
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Cost Burdens Drop for Owners, Remain High for Renters
Posted on 11/15/2019
Cost Burdens Drop for Owners, Remain High for Renters
Image by Shahid Abdullah from Pixabay Here is another reason to own a home. Costs of home ownership are over time become less of a burden. There is an increase in home ownership cost mainly from increasing property taxes, ultility and maintenance costs. However rents are generally increasing at a much faster rate. In addition, people who rent...
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Which Home Security Systems Make Owners Feel Safer?
Posted on 11/13/2019
Which Home Security Systems Make Owners Feel Safer?
Image by Gerd Altmann from Pixabay Home security systems are still in demand, while overall crime rate has been dropping for several years. Increased package left at the front door thefts along with increased media attention are driving our desire to have home security systems. This survey reals more information regarding our preferences in the types of security...
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Study: Down Payment Assistance Buyers No More Likely to Default
Posted on 11/13/2019
Study: Down Payment Assistance Buyers No More Likely to Default
Image by StartupStockPhotos from Pixabay Here is a study telling the facts about the those that use down payment assistance (DPA) and their perfromance in paying off their mortgages. Good news is there was no evidence those that use DPA are no more likely to default on their loans than those who don't use DPA. Here are more...
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What were the top 10 hottest neighborhoods in Portland, OR in Q3 2019
Posted on 11/12/2019
What were the top 10 hottest neighborhoods in Portland, OR in Q3 2019
Image by Daniela Morescalchi from Pixabay Did you Know what were the top 10 hottest neighborhoods (zip codes) for homes sales in Q3 (July - September) 2019 in the Portland Metro Market? Based on number of homes sold: - At #1 was NW Portland/Cedar Mill/Bethany (zip code 97229) with 401 homes sold. - At #2 was Orchards, WA...
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Barring a Major Trade War, No Recession in Sight
Posted on 11/12/2019
Barring a Major Trade War, No Recession in Sight
Source: Pixabay With the economy still strong, 2020 looks to have a very low risk chance for recession. With historically low mortgage interest rates, it looks to be a great time to buy or sell real estate. Here is more details and forecest from the National Association of REALTORS® Chief Economist Lawrence Yun. Compared to a year ago,...
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November Monthly Home Maintenance Reminder
Posted on 11/11/2019
November Monthly Home Maintenance Reminder
Image by Beverly Buckley from Pixabay Did you know? Keeping up on your home maintenance will help save you money on expensive repairs along with helping your home's resale value. Here is are very good checklists to use when looking for tasks to do to maintain your home. November is one of the busiest months, but its also...
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Open House This Sunday in Beaverton
Posted on 11/10/2019
Open House This Sunday in Beaverton
Come by this Sunday to an open house I am hosting this Sunday November 10 from 1 - 3 PM. Price is $410,000. This 1947 farmhouse is in a quiet cul de sac, and privacy all around. Brand new comp roof with 30 year transferable warranty. Interior has Brazilian hardwoods, updated bath, new paint throughout. Close to Progress...
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Mortgage Rates Reverse Course After Recent Increases
Posted on 11/09/2019
Mortgage Rates Reverse Course After Recent Increases
Source: Freddie Mac Mortgage rates are reversing their recent trend of increasing and headed back down for lower rates. Rates continue to be lower than 4%, a very good sign that buyers have the ability to get low cost financing for their home purchases. Here are more details. Following three consecutive weeks of increases, the 30-year fixed-rate mortgage...
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Owners Likely Need to Budget More for Home Insurance
Posted on 11/08/2019
Owners Likely Need to Budget More for Home Insurance
Image by Paul Brennan from Pixabay I just received my homeowners insurance bill and the insurance company raised my rates. I called my agent and asked why. I was told the rates are adjusted based on the previous year's claims and payouts along with rising construction costs in Oregon. Luckily Oregon is not in the top 10 states...
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