Portland Real Estate Market
The Portland real estate market is always changing. It takes a very busy real estate agent, top 1% in Portland, to keep a finger on its pulse.
Bookmark this page for monthly Portland real estate market updates, annual forecasts, Portland condo market updates, HOA reports, Portland population rates, local short sale and foreclosure updates, and more.
If you’re thinking of selling your home in the next twelve months, Stephen would love to tour your home. Call today to set an appointment.
Stephen FitzMaurice, Realtor
4% Max. to Sell a Home
Cancel Anytime Policy
Licensed Since 2003
503-714-1111
If you’re considering buying a home in the next twelve months, Kami Price, buyers specialist would love to hear what you’re looking for. Call today to set an appointment.
Kami Price, Realtor
Represented Hundreds of Buyers
Licensed since 2004
503-773-0000
How to Write a Winning Portland Short Sale Offer
Nothing is more difficult to purchase these days than a short sale! The numbers on successful Portland short sale offers are terrible, many reports suggest 1 out of 5 Portland short sale offers actually ends up in a sale. While no short sale offer is guaranteed to succeed, there are a number of things a […]
Real Estate Market Confirms Slow Economic Recovery
Tracking the economy as it theoretically recovers from the recession is a tricky process. Jobless rates, consumer spending, home prices, imports and exports – each number can give a different report of what the economy is like, from sunny to downright pessimistic. University of Oregon professor of economics Tim Duy puts together an index, the […]
When will Portland sell through its Shadow Inventory?
According to Standard and Poor’s first quarter 2012 data, it will take Portland and the country 3.8 years or about 46 months to sell through all of the distressed properties waiting to come out on the real estate market. S&P is counting all the shadow inventory, the number of homes with mortgage payments that are […]
Is now the best time to buy a Portland home?
According to many Portland Realtors, buying a home may never get any cheaper than right now. Prices are down 34% nationally and even more than that in Portland. In Portland prices have dropped in luxury homes as much as 50% in the last six years (generally speaking the higher the price of a Portland home, […]
How many Short Sales and Foreclosures are there in Portland?
The reports are in. In 2011 there were 8,590 short sales listed in the Portland metro area, of which 3,668 sold. Also in 2011, 8,134 foreclosures were listed in the Portland area and 7,802 sold. 45,256 regular homes were listed in the Portland area and 22,823 sold. Last year about 27% of homes listed were […]
How affordable is the Portland Real Estate Market?
Nationally, you’d have to go back more than 50 years to find a more affordable time to buy a home in America. Locally, in Portland’s real estate market, you’d have to go back even farther. Affordability is an easy measurement. Basically, affordability is simply the percentage of a family’s income that goes towards a home […]
Portland Short Sale Timeline – Important News
Beginning June 15th of this year, all Portland short sales backed by Fannie Mae and Freddie Mac should expect to receive a bank response to any offers that come in within 30-60 days. A big push is happening at the government level to make short sales work. The FHFA, Federal Housing Finance Agency, has said […]
Going Up: New Apartments, Portland Home Prices
The average price of a home in Portland is up and the total number of residential properties on the market remains low, according to the most recent Market Action Report from the Regional Multiple Listing Service. Good news for sellers, but with the city’s population climbing at a steady rate, where is the needed housing […]
Portland Short Sale or Try for a Home Loan Modification?
This is a serious question for many Portland Oregon home owners who are underwater in their mortgages: Should I Short Sale my Home or Try for a Home Loan Modification? For your consideration, I will tell you a common and very sad experience I have regarding folks who try for Portland home loan modifications. Too […]
What sells in PDX: Short Sales, REOs, or Traditional Home Sales?
2011 Portland MLS market statistics. Foreclosures in Portland: In rough terms, nearly 100% of foreclosure properties in Portland, also known as REOs, sell in a 6 month period. If you are looking to buy or make an offer on a Portland foreclosure, know this: it won’t stick around for long. Banks do not take low […]
Certified Foreclosure Agent
I’ve been successfully selling foreclosures in the Portland Metro area for years now. This designation represents additional education and certification, rewarding experience and professionalism in the foreclosure marketplace. Foreclosures are often the best deals you can find in Portland, Oregon. Let me help you find one today! Stephen FitzMaurice, Realtor See all of my twelve […]
Will I owe the bank money after I short sale?
This is a very important question. Many people are afraid of doing a short sale because they are concerned the bank could come after them later for funds. If you don’t do a short sale correctly, a bank CAN come after you afterwards. If you do a short sale correctly, a bank CAN’T. I make […]
Certified Short Sale Agent, CSSA
I’ve been successfully selling short sales for years on both the buyer’s and seller’s side. This designation was awarded to me after I successfully took a number of classes, met professional experience requirements, and passed the necessary exams with flying colors. Let me help you get out of that underwater home today. I have all […]
What is the Short Sale Tax?
Many people are concerned (and rightly so) that they may be taxed for the forgiven amount on their short sale. For those of you who don’t know, this is a short sale. Basically, you owe say 200,000 and the home short sales for 150,000, so on your next tax statement you could be 1099’d for […]
Short Sale Prices – What will the bank take?
Today, it is all in the offer. A Portland short sale price means almost nothing. The bank will take what it takes and no one knows for sure what that will be, unless the price is pre-approved. On the selling side agents set ridiculously low short sale prices to bring in an offer. Once the first offer is […]
I am so grateful for my choice in Stephen. Being able to have total confidence in him made the experience of selling my house stress free. He is friendly, focused, professional, and to the point. Best Realtor I have ever used, period.
Amy
