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It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
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Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
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Home Sales Move Higher in Portland
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Home Sales Move Higher in Portland
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Home Sales Move Higher in Portland

August 21, 2012 (Shirley Allen)

Monthly sales of new and existing homes in the Portland area continued to improve in June, climbing nearly twelve percent from May, while year-over-year sales improved for the twelfth consecutive month according to real estate information provider DataQuick.

A total of 3,198 new and resale homes and condos closed escrow in the Portland-Vancouver-Beaverton metro area in June. Sales were 11.9 percent higher than the 2,858 homes sold in May and 14.8 percent higher than the 2,786 homes sold in June of 2011. It was the 12th consecutive month that home sales in the area improved year-over-year.

Home sales in the region typically increase around nine percent between May and June but were still 23.9 percent lower than the historical average for the month. Despite the lower than average sales, it was still the highest amount of sales for a June in five years.

Cash buyers accounted for 25.0 percent of the purchases in June, up from 24.0 percent in May but down from 25.2 percent the previous year. Cash buyers paid a median price of $179,748 for the homes that they purchased during the month which was up 7.6 percent from June of 2011.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 27.7 percent of all homes sold in June paying a median price of $202,230. In the previous month of May, 24.0 percent of all homes were purchased by absentee buyers.

The overall median price paid for new and resale homes and condos in June was $230,000, up 2.9 from May’s median price of $223,622 and up 7.0 percent from $215,000 in June of last year.

The current median price is 20.4 percent below the peak median price of $289,000 in October 2007.

Distressed sales accounted for 29.8 percent of the resale market in June with foreclosure re-sales accounting for 15.4 percent of the distressed sales, down from 19.6 percent the previous month, while short sales accounted for 14.4 percent of the distressed sales, up from 14.1 percent in May.

Tags: Portland real estate, existing home sales, Portland, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

August 21, 2012 (Shirley Allen)

Monthly sales of new and existing homes in the Portland area continued to improve in June, climbing nearly twelve percent from May, while year-over-year sales improved for the twelfth consecutive month according to real estate information provider DataQuick.

A total of 3,198 new and resale homes and condos closed escrow in the Portland-Vancouver-Beaverton metro area in June. Sales were 11.9 percent higher than the 2,858 homes sold in May and 14.8 percent higher than the 2,786 homes sold in June of 2011. It was the 12th consecutive month that home sales in the area improved year-over-year.

Home sales in the region typically increase around nine percent between May and June but were still 23.9 percent lower than the historical average for the month. Despite the lower than average sales, it was still the highest amount of sales for a June in five years.

Cash buyers accounted for 25.0 percent of the purchases in June, up from 24.0 percent in May but down from 25.2 percent the previous year. Cash buyers paid a median price of $179,748 for the homes that they purchased during the month which was up 7.6 percent from June of 2011.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 27.7 percent of all homes sold in June paying a median price of $202,230. In the previous month of May, 24.0 percent of all homes were purchased by absentee buyers.

The overall median price paid for new and resale homes and condos in June was $230,000, up 2.9 from May’s median price of $223,622 and up 7.0 percent from $215,000 in June of last year.

The current median price is 20.4 percent below the peak median price of $289,000 in October 2007.

Distressed sales accounted for 29.8 percent of the resale market in June with foreclosure re-sales accounting for 15.4 percent of the distressed sales, down from 19.6 percent the previous month, while short sales accounted for 14.4 percent of the distressed sales, up from 14.1 percent in May.

Tags: Portland real estate, existing home sales, Portland, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

August 21, 2012 (Shirley Allen)

Monthly sales of new and existing homes in the Portland area continued to improve in June, climbing nearly twelve percent from May, while year-over-year sales improved for the twelfth consecutive month according to real estate information provider DataQuick.

A total of 3,198 new and resale homes and condos closed escrow in the Portland-Vancouver-Beaverton metro area in June. Sales were 11.9 percent higher than the 2,858 homes sold in May and 14.8 percent higher than the 2,786 homes sold in June of 2011. It was the 12th consecutive month that home sales in the area improved year-over-year.

Home sales in the region typically increase around nine percent between May and June but were still 23.9 percent lower than the historical average for the month. Despite the lower than average sales, it was still the highest amount of sales for a June in five years.

Cash buyers accounted for 25.0 percent of the purchases in June, up from 24.0 percent in May but down from 25.2 percent the previous year. Cash buyers paid a median price of $179,748 for the homes that they purchased during the month which was up 7.6 percent from June of 2011.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 27.7 percent of all homes sold in June paying a median price of $202,230. In the previous month of May, 24.0 percent of all homes were purchased by absentee buyers.

The overall median price paid for new and resale homes and condos in June was $230,000, up 2.9 from May’s median price of $223,622 and up 7.0 percent from $215,000 in June of last year.

The current median price is 20.4 percent below the peak median price of $289,000 in October 2007.

Distressed sales accounted for 29.8 percent of the resale market in June with foreclosure re-sales accounting for 15.4 percent of the distressed sales, down from 19.6 percent the previous month, while short sales accounted for 14.4 percent of the distressed sales, up from 14.1 percent in May.

Tags: Portland real estate, existing home sales, Portland, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS