Category: Uncategorized
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Oregon Market Predictions for the Rest of 2024 | Your Real Estate Resource for Advice, Tips and Trends.
Q3 2024: Home prices across Oregon expected to increase by 1.2%. Q4 2024: Continued overall growth in home prices, with a projected increase of 0.8%.
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Portland Office-to-Apartment Conversions | Your Real Estate Resource for Advice, Tips and Trends.
Central Portland's apartment vacancy rate is 8.1%, the highest in the metro area. Rent prices in central Portland have remained flat, adjusted for inflation.
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SE Portland apartment complex unveils 206 affordable housing units
Visitors pose outside the U.S. Supreme Court in Washington. President Biden debates with former President Trump in Atlanta. In Nairobi, 19-year-old Ibrahim Kamau is buried after being shot during a protest. Global shares rise as traders await an inflation report. A Supreme Court ruling may impact agency regulations. A shooting in Portland leaves one dead.…
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How Can New Rules Lower Oregon Home Buying Costs? | Your Real Estate Resource for Advice, Tips and Trends.
Oregon’s new real estate rules, starting in August, aim to lower buying costs. Buyers must sign a broker contract to view MLS-listed homes, as MLS will no longer advertise broker compensation offers.
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5 Reasons You Should Use a Buyer’s Agent | Your Real Estate Resource for Advice, Tips and Trends.
1. Finds perfect fit: – Saves time & finds your dream home. 2. Negotiates like a pro: – Gets you the best price & terms.
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A 10-Year Forecast of Borrowing Costs | Your Real Estate Resource for Advice, Tips and Trends.
Rates are rising: To fight inflation, the Fed raised rates in 2023, causing mortgage rates to climb above 7%. Expert predictions vary: Some see rates staying high in 2024 with a gradual decline, while others predict Fed cuts later in 2024 and 2025.
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Oregon by 2030: Rising Home Prices and Income Projections | Your Real Estate Resource for Advice, Tips and Trends.
A recent study forecasts a significant increase in Oregon's avg home price by 2030, reaching $843K. Oregon has traditionally been perceived as more affordable compared to neighboring states.
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AI Transforms Home Buying: 300% Uptake | Your Real Estate Resource for Advice, Tips and Trends.
AI platforms are increasingly being used to connect potential buyers with off-market property listings.AI predicts potential home sales by analyzing detailed data on homeowner habits and property characteristics.
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Portland’s Affordable Housing Crisis
A recent report highlights the need for 81,000 affordable homes in greater Portland for households with incomes at or below half of the Area Median Income. Rapidly rising rents have outpaced income growth, affecting various groups. To address the housing crisis, a $652.8 million bond was approved in 2018 to create homes for 14,000 individuals,…
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Portland New Listings up 12.4% | Your Real Estate Resource for Advice, Tips and Trends.
Portland's Real Estate market showed growth with avg home prices reaching $629K. New listings ↑12.4% MoM, with 3,508 homes entering the market.