Portland Real Estate Blog

This is a top 100 real estate blog in the world according to Feedspot.com. In particular, this is a local real estate blog written by a top 1% real estate agent in the U.S., Stephen FitzMaurice, Realtor. Stephen regularly reports on the greater Portland metro area’s real estate market including annual housing forecasts and best time to sell or buy a home reports. He gives home selling and home buying professional advice. He also writes informative articles on Portland neighborhoods and suburbs as they relate to the real estate market. Finally, he writes to inform the general public about real estate agents, such as annual average real estate agent commission reports and more.

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portland real estate market 2022

Top 5 Real Estate Market News Stories of 2022 so Far

April 8, 2022

We keep track of what’s going on in the world of real estate, both near and far. We wanted to see how it all looks now that we’re about to move into the second quarter of the year. We get that times are strange in real estate right now, but it’s a great time to buy, considering what’s likely coming down the pike. While price increases and low inventory are not news, there’s plenty more going on that’s worth your attention. Especially if you’re thinking of selling or buying in 2022. 1. The Fed’s Rate Hikes Will Affect Real Estate The Federal Reserve just approved a 0.25 percentage point interest rate hike, the first since December 2018, with six more...

bungalow style home

What is a Bungalow Style Home in Portland?

April 6, 2022

On any given day you can find cozy, charming bungalows for sale in Portland. Our city is full of them, and we have the full map of all bungalow homes for sale. These cozy, livable homes are iconic when thinking of Portland’s architectural history. It’s no wonder Portlanders love them so much. Structurally, they’re sturdy, and they oftentimes have unconventional designs, which only add to their charm. Several revivals since the first bungalows have kept this beloved style alive. More recent versions have the same features you’d expect to see in a classic bungalow, with modernized touches. What are the Features of a Bungalow Style Home? One typical commonality amongst bungalows in Portland is that they don’t have a full...

Portland Housing Affordability Rate, 2022 Report

April 4, 2022

We recently wrote about Oregon’s growing population, with many of its migrants being Californians looking for more affordable housing. While this may come as a surprise to Portlanders who have faced increasing rents and home prices, Portland is still more affordable than many west coast cities. But what about those who have lived in the Portland metro area for years? How is the city’s level of affordability affecting them? And how does Portland’s affordability stack up against other cities in the country? We looked into it all and here’s what we found. What is Portland’s Affordability Rate in 2022? RMLS provides a quarterly affordability chart for the Portland metro area. They use the NAR formula for housing affordability: Affordability is...

Swimming Pools Make Portland Homes Sell for 14% Less, 2022 Report

April 1, 2022

Who doesn’t get excited at the thought of having a pool nearby? Most people envision the relaxation, cooling off during the summer, and throwing memorable pool parties! But when faced with actually owning one or looking into what it really means to own and maintain a pool, the glamor of the poolside lifestyle is oftentimes dashed. It makes sense to want and have this water feature in warmer parts of the country. But here in Oregon, the amount of time a pool can be best used is very short-lived throughout the cycle of one year. What will the cost be to you, the home owner? And in what ways? Will a Portland swimming pool increase or decrease your home value?...

home buyers day of week showing report

What Day of the Week do Most Buyers Look at Homes?

March 30, 2022

The real estate market is, truly, a market. Prices go up and down by the week. Playing the market right as a home seller can earn a tens of thousands more in a home sale (even hundreds of thousands). Playing the market right as a home buyer can in the reverse, save tens or hundreds of thousands of dollars. Here is our greater Portland real estate market there is a best time of the year to sell a home and a best time of the year to buy a home that has stayed pretty consistent over the last few decades, whether or not the overall market is rising or falling. (For example, the seasonal peaks and valleys held true in...

10 Reasons to Buy a Portland Home in 2022

March 28, 2022

Are you still renting even though you dream of owning a home, thinking maybe “someday” it will make more sense or get easier? The Portland real estate market has seen some interesting changes in the past two years. Home prices have increased by dramatic amounts, yes, but there are still plenty of good reasons to take the leap and buy. We’re still in a strong seller’s market, however, we think it’s an ideal time for you to start your search for a home. The reason: supply is lean, so it may take a while for you to find the best one for your needs. Why not start the process now and get your head in the game before interest rates...

sell my house fast cash asis

5 Things to Know BEFORE Selling your House Fast, As-is for Cash

March 25, 2022

I get it. Sometimes you simply want to have things done and done now. You don’t want the hassle of a long escrow period. You don’t want to interview or deal with real estate agents. You don’t want people walking through your home. Perhaps your place is a mess and you haven’t the time or resources to fix it up for market. To solve your needs perhaps you’ll search online for people / companies that will make fast cash as-is offers on your home so you can move out and be done with it. Beware. 1. The Initial High $ Price Usually Drops Hard Before Closing To get you hooked many of these companies will offer an initial cash dollar...

portland oregon maps

5 Essential Portland Neighborhood Maps

March 23, 2022

Maps have existed for thousands of years serving to help people get where they’re going and educate them about geographies and terrains. While we’re long past the practice of plotting maps on clay tablets and parchment, we all still rely on them every day. If you’re thinking about moving to Portland, if you’re new to the area, or even if you’re considering moving to a new neighborhood in the city, a variety of good maps can help. Many of Portland’s neighborhoods are self-contained entities full of plentiful resources within walking distance. It’s easy to stick close to home and not get too familiar with the city as a whole. But if you do plan to relocate, getting a broader view...

Portland School Ratings Change Home Values

March 21, 2022

Several considerations factor into buying a home, and school district might play a part in your decision-making process. The reason being: school rankings impact home values. A home’s value gets assessed and appraised both before listing and before sale. For more information on this, read our article on the differences between inspections and appraisals. While school rankings aren’t directly taken into account by appraisers and assessors, they do affect a home’s value. So, how does a school’s ranking figure into it all? Before we get to that, let’s get clear on what a school ranking is. What Makes a School Ranking? First off, we’ll say that school rankings are somewhat tenuous. There is no overarching, prescribed process or method to...

Forest Grove Real Estate Market Update and 2022 Forecast

March 18, 2022

Out past Hillsboro and Cornelius, lies Forest Grove. Less than 30 miles from Portland and with a population of 26,225, this enticing little pocket of Oregon is nestled in the Tualatin Valley, surrounded by wine country and wetlands. As with pretty much all Portland suburbs, Forest Grove is growing. Annually, it has seen a 2.93% growth in population, and since the 2010 census, it has increased by a whopping 30.32%. It’s no wonder, considering the city’s idyllic location at the base of Tillamook State Forest in the foothills of the Coast Range. We’ll take a look at how the real estate market is doing in Forest Grove in a bit. First, here’s what this lovely city is all about. Forest...