Archives June 2012

Jun
28
2012

More Permits for Portland-Area New Homes Granted in May

Portland-area homebuilders, anticipating brighter days ahead, pulled permits for 73 percent more homes in May than the same month a year ago. According to survey data released by the U.S. Census Bureau on Tuesday, area homebuilders received 444 permits for single-family homes in May, more than any month since the same month in 2008. Those […]

Jun
25
2012

Tight Portland-Area Housing Market Brings Stiff Competition, Bidding Wars

For Tavis Smith, the realization that Portland’s housing market has tipped in sellers’ favor came the day he and his wife wrote their first bid on a house that had been on the market for two months — and found out two other bids came in that same day. They’ve put in two more offers […]

Jun
22
2012

What Does It Take to Get a Loan Today? A Lot!

One of the biggest obstacles home buyers are facing is qualifying for financing, and a new report by the Federal Reserve shows exactly how big of struggle potential borrowers face. According to a new Federal Reserve report surveying banks, the report found that most banks say they are a lot less likely to issue a […]

Jun
22
2012

Record-Low Rates Send Loan Demand Soaring

Mortgage applications for home purchases and refinancings jumped 18 percent last week, reaching the highest volume since 2009, according to the Mortgage Bankers Association’s report for the week ended June 8. Loan requests for home purchases — which is a future gauge of home sales — ticked up 12.8 percent alone for the week. Refinancing […]

Jun
22
2012

NAHB Says Housing Will Strengthen in 2014

Despite many headwinds, the housing recovery is expected to pick up in the next year. “The cards are in play for a decent and fairly strong recovery in 2014 and particularly in 2015,” says David Crowe, chief economist for the National Association of Home Builders. “From the standpoint of GDP growth, housing has been a […]

Jun
11
2012

7 Metros with Largest Median Price Gains

Several metro areas are seeing home prices rebounding in the last year. According to Realtor.com data of 146 housing markets in April, the following markets have seen the largest increases in median list prices year-over-year: 1. Phoenix-Mesa, Ariz. o Year-over-year increase (April 2012 to April 2011): 25.01% o Median list price: $184,900 2. Miami o […]

Jun
1
2012

Gen Y Is Ready to Buy

Forty-seven percent of Generation Yers say they plan to purchase a home within five years or less, according to a new study released by Western Union. That tops the general population, 29 percent of which say they plan to buy a home in the next five years or less. Ten percent of Generation Y members […]

Jun
1
2012

5 Ways to Sell a Home Faster, For More Money

24/7 Wall St. recently asked real estate experts and several real estate organizations to weigh in on how sellers can get their house sold at the best price and in the shortest amount of time. Here’s what they had to say as some of the best ways to get the “sold” sign out this spring: […]

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