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September Home Sales in Portland Higher than Last Year’s
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
Pick the service you desire below
September Home Sales in Portland Higher than Last Year’s
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
September Home Sales in Portland Higher than Last Year’s

November 10, 2011 (Shirley Allen)

Home sales in the Portland area followed seasonal trends and declined as expected from August to September but remained above year ago levels for the third consecutive month according to real estate information provider DataQuick.

A total of 2,296 new and resale homes and condos closed escrow in the Portland-Vancouver-Beaverton metro area in September. Sales were 9.7 percent lower than August, but were 10.2 percent higher than in September of 2010.

Home sales in the region typically decline 9.9 percent between August and September and were the second lowest ever on record for the month, only surpassed in futility by September of last year. Sales were 36.8 percent below the average September sales amount of 3,634.

Cash buyers accounted for 26.0 percent of the purchases in September, up from 25.9 percent in August but down from 26.5 percent the previous year and paid a median price of $180,000 for the homes that they purchased. The median price they paid was unchanged from August but down from $200,000 in September of last year.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 17.1 percent of all homes sold in September paying a median price of $173,500. That was up from 16.9 percent of all homes sold in August at a median price of $180,000 but down from 18.4 percent of all homes sold in September of last year at a price of $196,500.

The overall median price paid for new and resale homes and condos in September was $220,000, which was virtually unchanged from August and down 6.1 percent from September of last year.

The current median price is 23.9 percent below the peak median price of $289,000 in October 2007.

Distressed sales accounted for 31.1 percent of the resale market in September with foreclosures accounting for 17.2 percent of the distressed sales, down from 17.5 the previous month and 23.4 in September 2010, while short sales accounted for 13.9 percent of the distressed sales, up from 13.0 percent in August and 9.6 percent in September of last year.

Foreclosures jumped up in September as lenders foreclosed on 540 single-family homes and condos, up 13.4 percent from August, but down 23.8 percent from September of 2010. Foreclosures are down 28.2 percent during the first nine months of 2011 compared to the same period in 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

November 10, 2011 (Shirley Allen)

Home sales in the Portland area followed seasonal trends and declined as expected from August to September but remained above year ago levels for the third consecutive month according to real estate information provider DataQuick.

A total of 2,296 new and resale homes and condos closed escrow in the Portland-Vancouver-Beaverton metro area in September. Sales were 9.7 percent lower than August, but were 10.2 percent higher than in September of 2010.

Home sales in the region typically decline 9.9 percent between August and September and were the second lowest ever on record for the month, only surpassed in futility by September of last year. Sales were 36.8 percent below the average September sales amount of 3,634.

Cash buyers accounted for 26.0 percent of the purchases in September, up from 25.9 percent in August but down from 26.5 percent the previous year and paid a median price of $180,000 for the homes that they purchased. The median price they paid was unchanged from August but down from $200,000 in September of last year.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 17.1 percent of all homes sold in September paying a median price of $173,500. That was up from 16.9 percent of all homes sold in August at a median price of $180,000 but down from 18.4 percent of all homes sold in September of last year at a price of $196,500.

The overall median price paid for new and resale homes and condos in September was $220,000, which was virtually unchanged from August and down 6.1 percent from September of last year.

The current median price is 23.9 percent below the peak median price of $289,000 in October 2007.

Distressed sales accounted for 31.1 percent of the resale market in September with foreclosures accounting for 17.2 percent of the distressed sales, down from 17.5 the previous month and 23.4 in September 2010, while short sales accounted for 13.9 percent of the distressed sales, up from 13.0 percent in August and 9.6 percent in September of last year.

Foreclosures jumped up in September as lenders foreclosed on 540 single-family homes and condos, up 13.4 percent from August, but down 23.8 percent from September of 2010. Foreclosures are down 28.2 percent during the first nine months of 2011 compared to the same period in 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

November 10, 2011 (Shirley Allen)

Home sales in the Portland area followed seasonal trends and declined as expected from August to September but remained above year ago levels for the third consecutive month according to real estate information provider DataQuick.

A total of 2,296 new and resale homes and condos closed escrow in the Portland-Vancouver-Beaverton metro area in September. Sales were 9.7 percent lower than August, but were 10.2 percent higher than in September of 2010.

Home sales in the region typically decline 9.9 percent between August and September and were the second lowest ever on record for the month, only surpassed in futility by September of last year. Sales were 36.8 percent below the average September sales amount of 3,634.

Cash buyers accounted for 26.0 percent of the purchases in September, up from 25.9 percent in August but down from 26.5 percent the previous year and paid a median price of $180,000 for the homes that they purchased. The median price they paid was unchanged from August but down from $200,000 in September of last year.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 17.1 percent of all homes sold in September paying a median price of $173,500. That was up from 16.9 percent of all homes sold in August at a median price of $180,000 but down from 18.4 percent of all homes sold in September of last year at a price of $196,500.

The overall median price paid for new and resale homes and condos in September was $220,000, which was virtually unchanged from August and down 6.1 percent from September of last year.

The current median price is 23.9 percent below the peak median price of $289,000 in October 2007.

Distressed sales accounted for 31.1 percent of the resale market in September with foreclosures accounting for 17.2 percent of the distressed sales, down from 17.5 the previous month and 23.4 in September 2010, while short sales accounted for 13.9 percent of the distressed sales, up from 13.0 percent in August and 9.6 percent in September of last year.

Foreclosures jumped up in September as lenders foreclosed on 540 single-family homes and condos, up 13.4 percent from August, but down 23.8 percent from September of 2010. Foreclosures are down 28.2 percent during the first nine months of 2011 compared to the same period in 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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