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 - […]
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 - […]
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, […]
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, […]
Bubble Bloggers, Naysayer and Animal Rights Nuts
A comment on this post, from the perfectly named Naysayer:
I love how you real estate people and the homedebtors try to blackmail the rest of us with your ominous threats about how the return to sane housing prices will be bad for all of us. Bullpucky.
Let it crash. Let it crash HARD. The dotcom bubble burst […]
