Spurred by a number of auctions and the end of the tax credit, Portland's condo sales volume rose dramatically in the second quarter of 2010. After a brief reprise, prices continue their downward slide as inventory settles in at 10 months.
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Portland's real estate market initially appeared to be on a path towards recovery, but continues to face considerable foreclosure woes. Foreclosures now constitute a greater share of sales than they did a year ago.
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Portland condo prices began an upward climb in the first quarter of the year, halting a decline that had been underway since late 2007. With one in five downtown Portland condo sales classified as bank-owned, prices aren't likely to run away.
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Finding a property in Portland that cash-flows has not been an easy task over the last couple of years. Even as home prices started to decline, the efforts of many would-be rental property investors were thwarted by higher vacancy rates and
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As we head into the second quarter of 2010, Happy Valley’s real estate market remains a challenging environment for developers and sellers. Fewer homes are selling in Happy Valley than a year ago and home prices are down 10% year over
[ Read More → ]Delinquency among homeowners with large mortgages is becoming increasingly severe. Find out how this trend is affecting Portland’s inventory of bank-owned luxury homes.
[ Read More → ]Several dozen condos are scheduled for auction on July 18th at this waterfront development. Bidding starts at 50% off original price points.
[ Read More → ]The federal government’s new HAFA program is likely to speed short sales along in Portland. Find out which short sales are positioned to close faster.
[ Read More → ]Almost half the homes for sale in Portland are vacant, creating downward pressure on pricing. Find out about last week’s major price adjustments here.
[ Read More → ]HUD is accepting bids on roughly a dozen homes within Portland’s city limits. Bidding ends this weekend.
[ Read More → ]Prices have been cut by about 6% on the last remaining units at this Portland waterfront condo development.
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About 100 less homes sold in the first half of July compared to the same period a month ago.