Market Updates

May 27, 2023

Navigating the Portland Real Estate Market: Trends and Tips for 2023

The Portland real estate market has always been dynamic, and 2023 is no exception. With its unique blend of urban amenities and natural beauty, Portland continues to attract a diverse range of homebuyers. Whether you're a first-time buyer, a seasoned investor, or someone looking to relocate, understanding the current ...

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March 31, 2023

Ready to move to Portland? We can help!

Here are some of the most important things to consider when moving to Portland:

  • Cost of living. Portland is a relatively expensive city, so it's important to factor in the cost of living when making your decision. The median home price in Portland is over $500,000, and the ...
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Sept. 9, 2022

Should I Sell My House This Year?

There’s no denying the housing market is undergoing a shift this season as buyer demand slows and the number of homes for sale grows. But that shift actually gives you some unique benefits when you sell. Here’s a look at the key opportunities you have if you list your house this fall ...

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July 27, 2022

Understanding the impact of the Federal Interest rate on mortgage rates

The increase in the federal interest rate is the topic du jour. But what does this mean in real terms for the average home buyer and the home market in general?

 

The US Federal Reserve or ‘the Fed’ is the central bank which loans money to banks and sets ...

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Posted in Market Updates
July 22, 2022

A deeper dive into the recent housing market trends

The dream of many young adults, and even older adults, is to one day own a home. This right-of-passage has become increasingly more out-of-reach as wage growth hasn’t kept up with inflation, let alone home prices. But the market is controlled by factors largely outside of the average American ...

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Posted in Market Updates
July 20, 2022

Housing market officially enters recession, here’s what that means

During the pandemic US home prices grew 40-50% in most major markets as people moved to suburbs and rural areas. One assessment found that a US household would have to spend 31% of its monthly income to make a mortgage payment for an average-priced home, the highest mortgage payment to ...

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Posted in Market Updates
July 16, 2022

Oregon Housing Market Less Affordable than Last Year

A new report from the Oregon Department of Economic Analysis released a report indicating that only 1 in 5 people can afford a home in the Portland metro area, a similar rate to other cities in Oregon. This has an impact on demand, fewer people are able to buy homes ...

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Posted in Market Updates
July 2, 2022

June Real Estate Trends 2022

Home prices in Oregon have doubled over the last decade, with a steady rise in prices that increased sharply during the pandemic as more people wanted work-from-home spaces. Home affordability has hit a 35 year low. 

 

Oregon’s housing prices are higher than the US average driven largely by ...

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Posted in Market Updates
July 31, 2017

Real Estate Evaluation and Market Reports

Sign up to receive a market report of pending, active and sold properties straight to your inbox. If you are wondering if now is the time to sell, please try out our INSTANT home value tool to get a property value estimation.

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Posted in Market Updates