2008: RIP
It’s not that there was no good news from the year. The surge in Iraq succeeded spectacularly; Islamic terrorists failed, again, to terrorize on US soil; anthropogenic global warming, as we enter our tenth consecutive cooling year, was delivered the final nail, leaving only the hysterics and The Oregonian as True Believing fans; and we’re treated […]
Lake Oswego: Update
I came across a home that’s been on the market in Lake Oswego since March ‘07 that just went pending. I wrote here that because of inordinate new construction LO had more inventory than most areas and that prices would have to drop in order to clear it out. This listing started life at ~ […]
A (Real Estate) Tale of Two Cities and Four Zip Codes
For those who still doubt that all real estate is local, I thought it would help to compare two areas with approximately the same number of listings (detached single family). The first - the southeast zip codes of 97202 and 97206, encompassing Woodstock, Eastmoreland and Sellwood - has 438 active listings; and the second - […]
The Time Value of Homes
When the buying frenzy was hitting stride three years ago, builders were buying any lot they could find in Lake Oswego; in many cases, buying tear-downs and rebuilding. Three hundred thousand dollar lots aren’t good places for two hundred thousand dollar homes, so there are now 122 active listings in LO over $1 million, […]
