For those steeped in the real estate doldrums
LAUGH, and the world laughs with you…
HT Bob McCarty via Hugh Hewitt
Housing demand; market inertia, addendum
Git reminded me what I forgot in the last post: what will reverse inertia?
There are many who blame the media for much of the downturn, and think it’s the media that can pull us out. Emphasizing the negative froze buying; perhaps emphasizing the positive can inspire the thaw. Wrong on at least two counts:
People are […]
For the Benefit of Mr. Git, Pt 2; the demand side of housing, inertia
[Part 1, supply, here.]
Demand = the number of buyers willing and able to buy a home.
Willing: Local factors
[Downtown Lake Oswego]
Before we can find willing buyers, there must first, of course, be potential buyers. I admit fully to provincial bias when I say I’d rather live in the Pacific Northwest than anywhere else in the world - […]
Forecasting the housing market: Presumption, projection and personal observation
[This began as a one paragraph caveat to the next installment of For the Benefit of Mr. Git, but grew. I’ll post the latter later.]
I’m not an economist. If you want one, NAR’s Lawrence Yun was named by USA Today as one of the top five in the United States. His tables are elaborate, his analyses detailed and nuanced, […]
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 […]
Greening of the free market? No. That’s an oxymoron. Freeing of the green market.
When the RMLS rolled out a new ‘green’ search parameter over a year ago, and The Oregonian spent nearly its entire business section gushing about it, I wrote the likelihood of its becoming significant was remote. Even in Portland, where global warming hysteria is matched only by what you find under an endtimes revival tent, 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 […]
The Lighter Side of Serious: What’s wrong with this picture?
All pulled from the MLS today:
Offered at $385,000: One Fire Hydrant!
Window coverings negotiable!
Wonderful use of color!
Yes! The world really is flat!
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[If anyone would like to preview any of these properties, please let me know…]
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 […]
