NAR Confidence Index, Rates Stable, Tame Inflation
In the NAR confidence index 82% of respondents reported prices are constant or rising which is down from 88% in May of 2018. Properties are typically on the market for 26 days, first time home-buyers make up 32% of sales and 81% of transactions are financed. Rates – held steady this week as the 10 […]
10 Year US Treasury – Lowest Level in 2.5 years, Fed Dot Plot, FB Unveils New Crypto Libra
Facebook recently announced plans to start a new Cryptocurrency called Libra. The following 28 companies all committed $10M to get a vote in the Libra Association Council. FB hopes to bring that number to 100 before their official launch. Rates – improved again this week as the 10 Year US Treasury note dropped below the […]
Hottest Markets, Rates Holding Steady, Portland Metro Update
Smaller metro regions across the US are seeing rapid growth. Below is a list of the top 20 according to Realtor.com. The hottest markets ranking is based on where homes sell the fastest and where there are the most listing views on realtor.com—both a sign of buyer demand. Metro markets often include surrounding smaller towns. Metro […]
Flexible Work Spaces, Rates Improve, Lousy Jobs Report
WeWork – doubled in size and 2017 & again in 2018 and is the largest private sector Real Estate occupier in NY, DC, London, & soon to be SF. They are going public this year to keep up with the projected $4 billion in annual lease spending. This NPR article breaks down the numbers and […]
Home Buyer Happy Hour
Thursday May 30th 5:30-6:30 PM Golden Valley Brewery, Beaverton 97006 Can you buy a home with student debt? Housing as a financial umbrella? What are good properties for first-time home-buyers? We purchased a home 2012. I was 3 years into my culinary career and paying down student debt. Kate was in year 3 of her […]
New Telecom Space Race, Rates Hit 17 Month Low
The FCC has approved 4 companies to provide internet via low-orbit satellites. Yesterday SpaceX successfully deployed 60 of its planned 12,000 satellite ‘Starlink’ Network that would provide high-speed internet to the entire planet. “You would would actually have access to all of humanities information so you would effectively create a super organism.” Elon Musk Rates […]
Dollar Store Nation, Rates Flat, Portland Wage Growth
There are over 30,000 Dollar stores in the US more than Walmarts, Mickey D’s and CVS combined. This year 1 will open every 6 hrs. This story shows a battle between a determined city-councilor elected to bring a grocery store to her community of 20,000 that was throttled by 10 dollar stores. She felt it was the primary cause […]
T-Rex Listed on E-bay, Rates Improve, Strong Home Data
Bored with you day job? Why not hunt for dinosaur skeles in the vast American countryside? Let’s say you found the cute 15 footer like the one pictured above and split the commission 50/50 with the owner of the property (rightful owner of the bones). The buyer is strapped for cash so they ask for […]
Oregon Rent Control, Rates Stable, Appreciation
01 March 2019 Bill Highlights Landlords cannont increase rent by more than 7% + consumer price index in a 12 month period, 90 day notice required to increase rents. New “for-cause” reasons to evict tenant: Sale to a person who will move in Landlord or family member will move in Significant repair or renovation of […]