Archives July 2012

Jul
30
2012

Finally, Oregon Housing Market Shows Life After the Recession

With employment and consumer confidence picking up, the past few years have been the time when, in a typical economic cycle, housing might have started to drive a recovery. Not this time. In many ways, housing got us into this mess. And until very recently, it hasn’t done much to get us out. When other […]

Jul
23
2012

Portland homeowners opt to stay put and spiff up the home they’re already in

Tight lending limits and loss of home equity have homeowners rethinking their future moves – literally. “There’s a lot of value in staying put,” says Steven Heiteen, owner of Portland Remodel. That’s a value homeowners seem to be embracing; the old practice of “moving up” is giving way to improving what exists. And that, as […]

Jul
16
2012

Portland’s Residential Market is Sizzling

The Portland metro area home market roared to life in June, according to the Regional Multiple Listings Service. Wow! That pretty much summarizes the state of the residential market in Metro Portland and Clark County in June. The month ended with one of the tightest markets since the recession began on both sides of the […]

Jul
9
2012

Portland-Area Home Prices Up 3.6 Percent, CoreLogic Reports

Portland-area home prices rose 3.6 percent in May compared with the same month a year earlier, the data firm CoreLogic reported. Across the country, prices are up 2.0 percent in the same period. The company said in a statement the gains — the third month showing appreciation on an annual and month-to-month basis — are […]

Jul
6
2012

Apartment Rents Rise and Vacancy Falls in Year’s Second Quarter

Apartments are only getting harder to find in the Portland area, and that’s quickly driving rents higher. The metro vacancy rate fell to 2.2 percent from April to June, according to preliminary numbers released Thursday by Reis Inc., a real estate data firm. Portland remains the second-tightest apartment market in the country, with a vacancy […]

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