MortgageLoanRateUpdate
MortgageLoanRateUpdate
MortgageLoanRateUpdate
1-000-000-0000 BECOME A PARTNER
1-000-000-0000 BECOME A PARTNER
1-000-000-0000 BECOME A PARTNER
You're Now Reading:
Portland Home Sales Highest in Four Years
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Portland Home Sales Highest in Four Years
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:
Portland Home Sales Highest in Four Years
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

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

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

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

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.

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 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.