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Investors Push Home Sales in Portland Higher in April
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
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Investors Push Home Sales in Portland Higher in April
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
Investors Push Home Sales in Portland Higher in April

June 12, 2012 (Shirley Allen)

Monthly sales of new and existing homes in the Portland area climbed in April as a record percentage of investors scooped up nearly one-third of the homes sold in the area during the month according to real estate information provider DataQuick.

A total of 2,489 new and resale homes and condos closed escrow in the Portland-Vancouver-Beaverton metro area in April. Sales were 4.5 percent higher than in March and 8.4 percent higher than in April of 2011.

Home sales in the region typically increase 2.4 percent between March and April but were 30.6 percent lower than the historical average for the month. It was the tenth consecutive month that home sales in the area improved year-over-year.

Cash buyers accounted for 24.6 percent of the purchases in April, down from 27.3 percent in March and 28.6 percent the previous year. Cash buyers paid a median price of $160,000 for the homes that they purchased during the month which was down from $170,000 in March and down from $171,000 in April of last year.

Absentee buyers, usually investors and vacation home buyer’s, accounted for a record 31.8 percent of all homes sold in April paying a median price of $192,750. That was up from 26.8 percent of all homes sold in March at a median price of $193,320 and up from 18.9 percent of all homes sold in April of last year at a price of $168,250.

The overall median price paid for new and resale homes and condos in April was $215,000, up 2.4 from March and up 1.4 percent from April of last year.

The current median price is 25.6 percent below the peak median price of $289,000 in October 2007.

Distressed sales accounted for 39.8 percent of the resale market in April with foreclosure re-sales accounting for 26.0 percent of the distressed sales, unchanged from the previous month, while short sales accounted for 13.8 percent of the distressed sales, also unchanged from March.

Foreclosures fell in April with lenders foreclosing on 333 single-family homes and condos, down 12.1 percent from March and down 6.7 percent from April of 2011.

Tags: DataQuick, 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.
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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.
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June 12, 2012 (Shirley Allen)

Monthly sales of new and existing homes in the Portland area climbed in April as a record percentage of investors scooped up nearly one-third of the homes sold in the area during the month according to real estate information provider DataQuick.

A total of 2,489 new and resale homes and condos closed escrow in the Portland-Vancouver-Beaverton metro area in April. Sales were 4.5 percent higher than in March and 8.4 percent higher than in April of 2011.

Home sales in the region typically increase 2.4 percent between March and April but were 30.6 percent lower than the historical average for the month. It was the tenth consecutive month that home sales in the area improved year-over-year.

Cash buyers accounted for 24.6 percent of the purchases in April, down from 27.3 percent in March and 28.6 percent the previous year. Cash buyers paid a median price of $160,000 for the homes that they purchased during the month which was down from $170,000 in March and down from $171,000 in April of last year.

Absentee buyers, usually investors and vacation home buyer’s, accounted for a record 31.8 percent of all homes sold in April paying a median price of $192,750. That was up from 26.8 percent of all homes sold in March at a median price of $193,320 and up from 18.9 percent of all homes sold in April of last year at a price of $168,250.

The overall median price paid for new and resale homes and condos in April was $215,000, up 2.4 from March and up 1.4 percent from April of last year.

The current median price is 25.6 percent below the peak median price of $289,000 in October 2007.

Distressed sales accounted for 39.8 percent of the resale market in April with foreclosure re-sales accounting for 26.0 percent of the distressed sales, unchanged from the previous month, while short sales accounted for 13.8 percent of the distressed sales, also unchanged from March.

Foreclosures fell in April with lenders foreclosing on 333 single-family homes and condos, down 12.1 percent from March and down 6.7 percent from April of 2011.

Tags: DataQuick, 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

June 12, 2012 (Shirley Allen)

Monthly sales of new and existing homes in the Portland area climbed in April as a record percentage of investors scooped up nearly one-third of the homes sold in the area during the month according to real estate information provider DataQuick.

A total of 2,489 new and resale homes and condos closed escrow in the Portland-Vancouver-Beaverton metro area in April. Sales were 4.5 percent higher than in March and 8.4 percent higher than in April of 2011.

Home sales in the region typically increase 2.4 percent between March and April but were 30.6 percent lower than the historical average for the month. It was the tenth consecutive month that home sales in the area improved year-over-year.

Cash buyers accounted for 24.6 percent of the purchases in April, down from 27.3 percent in March and 28.6 percent the previous year. Cash buyers paid a median price of $160,000 for the homes that they purchased during the month which was down from $170,000 in March and down from $171,000 in April of last year.

Absentee buyers, usually investors and vacation home buyer’s, accounted for a record 31.8 percent of all homes sold in April paying a median price of $192,750. That was up from 26.8 percent of all homes sold in March at a median price of $193,320 and up from 18.9 percent of all homes sold in April of last year at a price of $168,250.

The overall median price paid for new and resale homes and condos in April was $215,000, up 2.4 from March and up 1.4 percent from April of last year.

The current median price is 25.6 percent below the peak median price of $289,000 in October 2007.

Distressed sales accounted for 39.8 percent of the resale market in April with foreclosure re-sales accounting for 26.0 percent of the distressed sales, unchanged from the previous month, while short sales accounted for 13.8 percent of the distressed sales, also unchanged from March.

Foreclosures fell in April with lenders foreclosing on 333 single-family homes and condos, down 12.1 percent from March and down 6.7 percent from April of 2011.

Tags: DataQuick, 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