Remodeled and meticulously maintained, this house is truly one of a kind. Features include Remodeled kitchen & baths, radiant heated bathroom floors, high efficiency furnace + Air Conditioning, finished basement and updated electrical & plumbing. Front and back yard are beautifully landscaped with flower beds, a patio and a garden. Don’t miss this beautiful house!. 35th-client-full

HD Video Tour:

Photo Slideshow:

Popularity: 1% [?]

728 homes were sold in Portland in June, up from 571 in May. I had predicted 600 and this is one of those times I’m happy to be wrong! While not quite up to last years numbers this is a good sign considering where we were at a few months ago. Average sold price continues to hover in the low $300,000’s and inventory continues to fall. These are all factors moving the market closer to a balance again.

Wild cards: FHA increases minimum credit score, First time buyer tax credit expiring December 1st 2009.

I’m predicting around 800 closed sales in Portland (areas 141, 142, 143 & 148) in July, and expect this to be the peak month for 2009. This is now matching last years numbers so pricing will likely stay level until Winter. First time buyers are still the strongest segment in the market and well maintained homes under 275k account for many of the sales.

Sales volume is a leading indicator for price. To help predict where the market is going I publish this sales volume trend report. The wisdom is that price follows volume so when you see a market trending higher in sales, prices will soon follow up and when sales volume is low, prices will stay flat or fall.

portland-sales-volume-071509

Popularity: 1% [?]

Deal of the week: Newer 3 bedroom Kenton home

Great 3 bedroom Kenton home for $249,900. Walk to MAX, Kenton park, shops, and cafes on Denver Ave! Features include 1563 SF, 3 bedrooms, 2 baths, a front porch, open kitchen & dining area, spacious living room, pocket doors and office space.

Check out www.bestdealinportland.com for more info on this and daily updates!

Popularity: 1% [?]

Popularity: 2% [?]

The USDA loan program is a fantastic option for buyers in rural areas that allows 102% financing. Last week the USDA added 9 areas to their list of qualified locations. There are income limits but the rates are competitive.

Newly eligible areas: Altamont, Coos Bay, Cornelius, Forest Grove, Klamath Falls, North Bend, Roseburg, Wilsonville, and Woodburn

Previously these communities were improperly classified as ineligible, on the basis they were “too large in population or not rural in character”. The Acting State Director has determined these nine communities to be eligible rural areas based upon our review findings and recommendations.

Eligibilty map and address look-up. [the map is not yet updated to included the above areas but is otherwise accurate]

Popularity: 3% [?]