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Oregon Real Estate Update
Posted in Aurora Oregon real estate, Keizer real estate, Oregon Economy, Oregon Real Estate, Portland Real Estate, Salem Real Estate, Willamette Valley History, Willamette Valley Real Estate, Wilsonville Real Estate, Woodburn Oregon
Tagged keizer oregon real estate, Oregon Real Estate, portland real estate statistics, Salem Real Estate, Willamette Valley properties, Willamette Valley Real Estate
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Douple-Dip Home Price Drop For Oregon & Nation
Oregon and the nation are experiencing another downturn in home prices, according to the latest Case-Shiller housing study. Each month, Case-Shiller issues a survey on the top 20 housing markets, including Portland, Oregon.
Nationwide
Home prices nationwide hit another low, with US home prices dropping 5.1% over the past year. This is the dreaded ‘double-dip’ recession. Nationally, home prices are now back to mid-2002 levels.
Latest Home Price Index - Click Graph to Enlarge Image
Oregon
Home prices in Oregon are now 7.6% lower than one year ago. Click here to view the latest complete report on home prices for Oregon and the nation.
Oregon Real Estate Update
What do actors Macaulay Culkin & John Candy, current local home prices, plus Oregon pioneer Jason Lee and the year 2005 all have in common?
They’re all here in the latest FREE edition of the Oregon Real Estate Update!
Jason Lee - Oregon Pioneer, Missionary & Founder of Willamette University
Posted in Keizer real estate, Oregon Real Estate Market Statistics, Portland Real Estate, Salem Real Estate, willamette valley, Willamette Valley History, Willamette Valley Real Estate
Tagged Oregon Real Estate, Salem Oregon Real Estate, willamette valley, willamette valley homes, Willamette Valley properties, Willamette Valley Real Estate
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1 in 4 Homeowners Now Underwater
The Oregonian newspaper recently ran an interesting editorial on the number of homeowners who are now ‘underwater,’ meaning they owe more on their house than it’s worth. Nationwide, more than 1 in 4 homeowners is now ‘underwater.’
Perhaps just as interesting in that same editorial were two other remarks:
1. Home prices nationally have fallen for 57 consecutive months.
2. Portland logged one of the largest declines in home values from March 2010 to March of this year, falling 12.1 percent, sixth among the 25 largest metro areas tracked by Zillow and the largest drop of any city west of Chicago.
Nationwide Housing Snapshot
Big Drop In Regional Portland Home Inventory
A recent housing report reveals a significant drop in the number of competing homes for sale. At the current rate of home sales, it would now take 7.1 months before our region ‘ran out of homes.’
Home inventory backlog in months
The 30%+ drop in competing home inventory is one sign of a brisker market as we head into the Spring selling season. This report covers much of the greater Portland Metro region. View the entire report here, and check out page 2 for specific market information on your town or neighborhood.
