Agent Profile
I am a top ranked agent serving the Portland area for over 20 years specializing in residential real estate sales and investments. I created this site as a real estate resource for buyers and sellers who want to be well informed about current inventory and pricing. If you are interested in actively tracking the market, please sign up to receive my daily listing email. We map every new listing each day then update the neighborhood maps. The map is emailed to you...simply click a neighborhood to see the listed properties for sale, complete with pictures, price and address. Agency Info
RE/MAX Equity Group
5800 Meadows Road, Suite 100
Lake Oswego, OR 97035
Signs of Optimism
So we all knew there would be a slow-down after the tax credit expiration, so it should not come as big of a surprise that sales were down from June to July of 2010.
According to the National Association of Realtors’ chief economist, Lawrence Yun, there are several factors in the housing market that are showing signs of optimism. In a recent article, he sites the tax credit deadlines for the decrease of sales in recent months and thinks there will be a lull until September. Additionally, mortgage rates are unbelievably low, and home prices are rising slightly. Yun also comments that the pace of the housing market would pick up faster with the addition of more jobs. To put this year in perspective, Yun also suggests sales are set to reach $5M this year–when compared to a 20 year annual average of $4.9M does not seem so off-course.
To read the full article, go to: http://www.realtor.org/press_room/news_releases/2010/08/ehs_fall
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