Category: General Real Estate Information

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Cash Real Estate Sales On Pace To Reach New Low | News & Statistics

All Cash! Oregon Leads National Trend

According to a recent real estate article (read more here) from Housingwire.com cash sales nationwide are on pace to reach a new 8 year low, coming in at approximately 35% which is down from approximately 38% just one year ago.

Oregon was ahead of the national trend, coming in with 31% oMt Bachelor Hides Behind Spring Weatherf all homes sales being all cash transactions.

For perspective, cash sales reached a peak in 2011 at 47% of total home sales & according to CoreLogic, 25% of home sales pre housing crisis were all cash. read more

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Real Estate Market Update | Rising Interest Rates?

Real Estate Markets Reports Strong Numbers To Close Out 2016825 NW Portland Avenue - 201809029

Fed Raises Interest Rates

The Fed recently made the move to raise short term interest rates for the first time since the economic downturn of the late 2000’s. Fortunately, an interest rate hike from the Federal Reserve does not equate to higher mortgage interest rates for home buyers. Mortgage interest rates long with long term debt actually lag behind short term interest rates with many experts predicting mortgage rate increases spread out over the next few years & not just days or weeks.

As rates begin to rise over the coming years remember, we would have to go back in time to the 1950’s, to find interest rates this low. Specifically 1956, the year Elvis’ “Heartbreak Hotel” hit number one on the record charts. read more