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Dave Hiller's Blog

Posted on 05/18/2020
Haste Makes Waste When Hiring Home Contractors
If you've ever experienced the frustration of paying more than necessary for home repairs, remodeling, or upgrades, you're not alone! Most of us have done it at one time or another, and it's not a pleasant feeling! The good news is that if you make up your mind to do a little research, ask questions, request a free quote,...
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Posted on 05/16/2020
Tualatin, OR Real Estate Market Update
Click here to view Tualatin, OR blog post which has information on the constantly changing market...
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Posted on 05/16/2020
Fannie, Freddie Extend Ban on Evictions, Foreclosures
Photo by Curtis Adams from Pexels Great News for those struggling with finding a way to pay your home mortgage due financial constraints cuased by COVID-19 issues. The Federal Government has extended the moritorium on foreclosures to the end of June. Contact your mortgage servicer for more information. Read more in the following article. The Federal Housing Finance...
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Posted on 05/16/2020
Mortgage Rates Remain Near Record Low for 6th Week
It continues to be a great time to purchase a new home with a mortgage. Here are more details on the average mortgage rates and points nationally. Record low mortgage rates are sticking around. The week ending May 14 marks the sixth consecutive week that mortgage rates have stayed at or near all-time lows. The 30-year fixed-rate averaged...
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Posted on 05/12/2020
Portland Home Sales Report for April 2020
Image by mcmcqueen01 from Pixabay The latest real estate market data has just been relaesed . April was the first full month of the Governor's State of Emergency. The big impact was homes that were put on the market dropped significantly. Also, pending sales took a big hit. Normally with historically low interest rates we have now, both...
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Posted on 05/12/2020
Sellers Holding Eager Buyers Back as States Reopen
Photo Courtesy of Pixabay For reluctant sellers, buyers are still looking for a homes and yours might be the next one sold. Although the Portland, OR area has not been reopened, there are buyers still looking. Once we get to stage 1 in Governor Brown's reopening plan, expect more buyers to be in the market. Home prices are...
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Posted on 05/10/2020
Execute a Home Selling Plan
If you intend to sell your home, you should develop a plan. That way, you can identify any potential home selling hurdles and take steps to address such issues before they escalate. Now, let's take a look at three tips to help you execute a house selling plan to perfection. 1. Establish a Timeline You know you want to...
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Posted on 05/10/2020
How Offices Are Preparing for Workers' Return
Image by free stock photos from www.picjumbo.com from Pixabay As we reopen our businesses, sanitation and personal health security will be even more important. Business operations will be affected and how we interact with our fellow co-workers will change. Here as an article regarding possible changes ahead. Offices are preparing their spaces for a post-pandemic world. Companies are...
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Posted on 05/09/2020
Mortgage Rates Hover Near All-Time Lows
Good news for home buyer's and those homeowners that want to refinance. Continued low mortgage rates help those facing COVID-19 challenges along with pre-existing home affordability issues get a home or refinance an exisiting mortgage. Read on for more details. The 30-year fixed-rate mortgage inched up slightly this week to average 3.26%, but remains near its record low....
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Posted on 05/07/2020
City of Portland Updates Minimum Income for Landlords
Photo courtsey of Zichuan Han - Pixels City of Portland has updated minimum income requirements for renters that landlords that own rental property in the city, must be aware of per Portland City Code 30.01.086. This code requires landlords to accept renters financially whose verified income is a minimum of 2 or 2.5 times (based on code's rules)...
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Posted on 05/06/2020
You are here Home News and Commentary Daily News Metros Ranked By Lowest APR Mortgage Offerings
Photo courtsey of Sunstone Photography. Portland's ranks as #7 with a 20% reduction in mortgage interest rates when compared to 2019. Our average APR is at 3.72% which is slightly higher than the lowest rate of 3.69%. Very good news for home buyers. Read more in the following report. Mortgage rates have fallen to record lows, and low...
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Posted on 05/05/2020
Where Housing Inventories Are Falling Fastest
Photo courtsey of Sunstone Photography Here is some great news for sellers. New listings are down almost 40% when compared to 2019. This mean there is less competition from other sellers. In fact it is a sellers market as inventory is down to a near record low of 1.8 months. Here are more details. New listings are down...
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