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Portland Home Sales Highest in Four Years
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 SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
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Portland Home Sales Highest in Four Years
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
Portland Home Sales Highest in Four Years

March 14, 2012 (Shirley Allen)

Monthly sales of new and existing homes in the Portland area declined as expected from December to January but were still at the highest level for the month in four years according to real estate information provider DataQuick.

A total of 1,729 new and resale homes and condos closed escrow in the Portland-Vancouver-Beaverton metro area in January. Sales were 23.5 percent lower than in December, but were 10.5 percent higher than in January of 2011.

Home sales in the region typically decline 23.9 percent between December and January and were 29.3 percent lower than the historical average for the month. Despite the decline in home sales in January, the sales tally was still the highest for the month since 2008.

Cash buyers accounted for 27.3 percent of the purchases in January, up from 18.2 percent in December and 20.9 percent the previous year. Cash buyers paid a median price of $152,000 for the homes that they purchased during the month which was down from $165,000 in December and down from $173,238 in January of last year.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 23.7 percent of all homes sold in January paying a median price of $165,000. That was up from 18.2 percent of all homes sold in December at a median price of $155,000 and up from 20.9 percent of all homes sold in January of last year at a price of $163,450.

The overall median price paid for new and resale homes and condos in January was $195,000, down 4.9 from December and down 8.4 percent from January of last year.

The current median price is 32.5 percent below the peak median price of $289,000 in October 2007.

Distressed sales accounted for 41.8 percent of the resale market in January with foreclosures accounting for 26.0 percent of the distressed sales, up from 21.2 the previous month, while short sales accounted for 15.8 percent of the distressed sales, up from 14.4 percent in December.

Foreclosures held steady in January with lenders foreclosing on 487 single-family homes and condos, up 0.4 percent from December and up 3.7 percent from January of 2011. For the entire year of 2011, foreclosures were down 21.7 percent compared 2010.

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

Source:
DataQuick

INSIDER CAR BUYING TIPS
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.
BUYING VS LEASING
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.
DEALER OR BANK FINANCING
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 ON THE INTERNET
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.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
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 SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
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

March 14, 2012 (Shirley Allen)

Monthly sales of new and existing homes in the Portland area declined as expected from December to January but were still at the highest level for the month in four years according to real estate information provider DataQuick.

A total of 1,729 new and resale homes and condos closed escrow in the Portland-Vancouver-Beaverton metro area in January. Sales were 23.5 percent lower than in December, but were 10.5 percent higher than in January of 2011.

Home sales in the region typically decline 23.9 percent between December and January and were 29.3 percent lower than the historical average for the month. Despite the decline in home sales in January, the sales tally was still the highest for the month since 2008.

Cash buyers accounted for 27.3 percent of the purchases in January, up from 18.2 percent in December and 20.9 percent the previous year. Cash buyers paid a median price of $152,000 for the homes that they purchased during the month which was down from $165,000 in December and down from $173,238 in January of last year.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 23.7 percent of all homes sold in January paying a median price of $165,000. That was up from 18.2 percent of all homes sold in December at a median price of $155,000 and up from 20.9 percent of all homes sold in January of last year at a price of $163,450.

The overall median price paid for new and resale homes and condos in January was $195,000, down 4.9 from December and down 8.4 percent from January of last year.

The current median price is 32.5 percent below the peak median price of $289,000 in October 2007.

Distressed sales accounted for 41.8 percent of the resale market in January with foreclosures accounting for 26.0 percent of the distressed sales, up from 21.2 the previous month, while short sales accounted for 15.8 percent of the distressed sales, up from 14.4 percent in December.

Foreclosures held steady in January with lenders foreclosing on 487 single-family homes and condos, up 0.4 percent from December and up 3.7 percent from January of 2011. For the entire year of 2011, foreclosures were down 21.7 percent compared 2010.

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

Source:
DataQuick

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
INSIDER CAR BUYING TIPS
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.
BUYING VS LEASING
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.
DEALER OR BANK FINANCING
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 ON THE INTERNET
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.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
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 SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
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

March 14, 2012 (Shirley Allen)

Monthly sales of new and existing homes in the Portland area declined as expected from December to January but were still at the highest level for the month in four years according to real estate information provider DataQuick.

A total of 1,729 new and resale homes and condos closed escrow in the Portland-Vancouver-Beaverton metro area in January. Sales were 23.5 percent lower than in December, but were 10.5 percent higher than in January of 2011.

Home sales in the region typically decline 23.9 percent between December and January and were 29.3 percent lower than the historical average for the month. Despite the decline in home sales in January, the sales tally was still the highest for the month since 2008.

Cash buyers accounted for 27.3 percent of the purchases in January, up from 18.2 percent in December and 20.9 percent the previous year. Cash buyers paid a median price of $152,000 for the homes that they purchased during the month which was down from $165,000 in December and down from $173,238 in January of last year.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 23.7 percent of all homes sold in January paying a median price of $165,000. That was up from 18.2 percent of all homes sold in December at a median price of $155,000 and up from 20.9 percent of all homes sold in January of last year at a price of $163,450.

The overall median price paid for new and resale homes and condos in January was $195,000, down 4.9 from December and down 8.4 percent from January of last year.

The current median price is 32.5 percent below the peak median price of $289,000 in October 2007.

Distressed sales accounted for 41.8 percent of the resale market in January with foreclosures accounting for 26.0 percent of the distressed sales, up from 21.2 the previous month, while short sales accounted for 15.8 percent of the distressed sales, up from 14.4 percent in December.

Foreclosures held steady in January with lenders foreclosing on 487 single-family homes and condos, up 0.4 percent from December and up 3.7 percent from January of 2011. For the entire year of 2011, foreclosures were down 21.7 percent compared 2010.

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

Source:
DataQuick

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?
DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?
WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
CALCULATE YOUR MORTGAGE PAYMENT
BENEFITS OF REFINANCING YOUR MORTGAGE
ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
INSIDER CAR BUYING TIPS
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.
BUYING VS LEASING
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.
DEALER OR BANK FINANCING
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 ON THE INTERNET
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.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
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.
SEARCH FOR A HOME
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

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