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You're Now Reading:
Home Sales Move Higher in Portland
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Home Sales Move Higher in Portland
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Home Sales Move Higher in Portland
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

August 21, 2012 (Shirley Allen)

Monthly sales of new and existing homes in the Portland area continued to improve in June, climbing nearly twelve percent from May, while year-over-year sales improved for the twelfth consecutive month according to real estate information provider DataQuick.

A total of 3,198 new and resale homes and condos closed escrow in the Portland-Vancouver-Beaverton metro area in June. Sales were 11.9 percent higher than the 2,858 homes sold in May and 14.8 percent higher than the 2,786 homes sold in June of 2011. It was the 12th consecutive month that home sales in the area improved year-over-year.

Home sales in the region typically increase around nine percent between May and June but were still 23.9 percent lower than the historical average for the month. Despite the lower than average sales, it was still the highest amount of sales for a June in five years.

Cash buyers accounted for 25.0 percent of the purchases in June, up from 24.0 percent in May but down from 25.2 percent the previous year. Cash buyers paid a median price of $179,748 for the homes that they purchased during the month which was up 7.6 percent from June of 2011.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 27.7 percent of all homes sold in June paying a median price of $202,230. In the previous month of May, 24.0 percent of all homes were purchased by absentee buyers.

The overall median price paid for new and resale homes and condos in June was $230,000, up 2.9 from May’s median price of $223,622 and up 7.0 percent from $215,000 in June of last year.

The current median price is 20.4 percent below the peak median price of $289,000 in October 2007.

Distressed sales accounted for 29.8 percent of the resale market in June with foreclosure re-sales accounting for 15.4 percent of the distressed sales, down from 19.6 percent the previous month, while short sales accounted for 14.4 percent of the distressed sales, up from 14.1 percent in May.

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

Source:
DataQuick

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 MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

August 21, 2012 (Shirley Allen)

Monthly sales of new and existing homes in the Portland area continued to improve in June, climbing nearly twelve percent from May, while year-over-year sales improved for the twelfth consecutive month according to real estate information provider DataQuick.

A total of 3,198 new and resale homes and condos closed escrow in the Portland-Vancouver-Beaverton metro area in June. Sales were 11.9 percent higher than the 2,858 homes sold in May and 14.8 percent higher than the 2,786 homes sold in June of 2011. It was the 12th consecutive month that home sales in the area improved year-over-year.

Home sales in the region typically increase around nine percent between May and June but were still 23.9 percent lower than the historical average for the month. Despite the lower than average sales, it was still the highest amount of sales for a June in five years.

Cash buyers accounted for 25.0 percent of the purchases in June, up from 24.0 percent in May but down from 25.2 percent the previous year. Cash buyers paid a median price of $179,748 for the homes that they purchased during the month which was up 7.6 percent from June of 2011.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 27.7 percent of all homes sold in June paying a median price of $202,230. In the previous month of May, 24.0 percent of all homes were purchased by absentee buyers.

The overall median price paid for new and resale homes and condos in June was $230,000, up 2.9 from May’s median price of $223,622 and up 7.0 percent from $215,000 in June of last year.

The current median price is 20.4 percent below the peak median price of $289,000 in October 2007.

Distressed sales accounted for 29.8 percent of the resale market in June with foreclosure re-sales accounting for 15.4 percent of the distressed sales, down from 19.6 percent the previous month, while short sales accounted for 14.4 percent of the distressed sales, up from 14.1 percent in May.

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

Source:
DataQuick

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.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

August 21, 2012 (Shirley Allen)

Monthly sales of new and existing homes in the Portland area continued to improve in June, climbing nearly twelve percent from May, while year-over-year sales improved for the twelfth consecutive month according to real estate information provider DataQuick.

A total of 3,198 new and resale homes and condos closed escrow in the Portland-Vancouver-Beaverton metro area in June. Sales were 11.9 percent higher than the 2,858 homes sold in May and 14.8 percent higher than the 2,786 homes sold in June of 2011. It was the 12th consecutive month that home sales in the area improved year-over-year.

Home sales in the region typically increase around nine percent between May and June but were still 23.9 percent lower than the historical average for the month. Despite the lower than average sales, it was still the highest amount of sales for a June in five years.

Cash buyers accounted for 25.0 percent of the purchases in June, up from 24.0 percent in May but down from 25.2 percent the previous year. Cash buyers paid a median price of $179,748 for the homes that they purchased during the month which was up 7.6 percent from June of 2011.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 27.7 percent of all homes sold in June paying a median price of $202,230. In the previous month of May, 24.0 percent of all homes were purchased by absentee buyers.

The overall median price paid for new and resale homes and condos in June was $230,000, up 2.9 from May’s median price of $223,622 and up 7.0 percent from $215,000 in June of last year.

The current median price is 20.4 percent below the peak median price of $289,000 in October 2007.

Distressed sales accounted for 29.8 percent of the resale market in June with foreclosure re-sales accounting for 15.4 percent of the distressed sales, down from 19.6 percent the previous month, while short sales accounted for 14.4 percent of the distressed sales, up from 14.1 percent in May.

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

Source:
DataQuick

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
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 MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.