Oregon mortgage delinquency rates
The Wall Street Journal published an interactive map today that dovetails nicely with the map linked to by Ron Ares a couple days ago on foreclosure risks. It details by state delinquency (30-120 days past due) rates of first mortgages, second mortgages, HELOCs and the overall.
The good news is Oregon is still 44th in the […]
In Housing (as in all things) the free market works
George Will is always good, this morning particularly so because it’s particularly pertinent, and should give a little more definition as to where I stand on government intervention. It’s worth reading in its entirety, but key:
The market, which bewilders and annoys liberals by correcting excesses without the supervision of liberals, is doing that as housing […]
March PDX Real Estate Numbers; First Look
As I said in an earlier comment: Not pretty, not dire, about where it’s been since last August.
This is for all residential property categories in the greater Portland area, the same area covered in data released by RMLS in a couple weeks. Note these numbers will change somewhat; books are still being updated.
MEDIAN PRICE
[As always, […]
In praise of Terradatum
A good company is defined by three things, each of which reinforces the others: the quality of the product or service provided; the quality of people it employs; and how well and quickly it follows through on fixing problems. Standard seems to be that the rep or support person - or even president - tells […]
More on Portland Housing Supply …
Terradatum has just added a new search algorithm that gives a condensed and more up to date view of a given market: Six months, broken into weekly and twelve week increments. It came out yesterday so I haven’t had time to go over it in depth, but one chart stands out. This chart (click for […]
UG’s Primer, Part 1: UGB, restricted growth, and the effect of supply on real estate prices
My last year at Nordstrom was 1979. I was the divisional men’s shoe merchandiser for the six Oregon stores, and the national economy was that of Jimmy Carter: High inflation (12%), high interest rates (prime 12.25%); malaise. Not in spite of that, but because of that we had a record year: 27% increase in sales, […]
Feb 08: First look at the numbers
One of the nice things about transparency - as opposed to spin - is that when the numbers actually doreveal themselves there’s no backpedaling, readjusting or respinning necessary.
And early February numbers - note they’ll continue to adjust for the next week or so - are exactly as expected. These are for all catagories in the […]
On the Theory People Don’t Want Spin; Portland Market Dynamics
Charles Turner asks an excellent question: How Do We Measure Real Estate Markets? Statistics exist to prove almost anything one wants to prove; what, though, will give the best indication of a market’s health?
When I was with Nordstrom in the seventies, volume was king. While most department stores calculated success on their gross margin, we […]
2008, State of Portland Real Estate: Not Great
But, in my sunny optimistic way, not awful, either.
[Note for the record I’m an optimist, not an ostrich optimist. The former sees problems and calculates the odds of getting beyond them; the ostrich simply pretends the problems don’t exist (see: NAR).]
The good news is that activity has picked up dramatically in the last three or four […]
December numbers; and a Special Plea to the Oregon Association of Realtors
Richard Gaylord, president of the National Association of Realtors, was interviewed on local station KXL a few weeks ago:
http://arkansasrealtors.net/files/richard_gaylord.mp3
The gist:
“I’m optimistic about the market in your area and around the country … We see sales remaining strong [in Portland], increasing 1% in 2008, and we also see prices increasing 2% in 2008.”
Well.
Here are the preliminary […]
