June Median Price for Pending Sales Ties All-Time High!
And so it goes.
The actual headline will be more like this: “Median price up From May 1.6%, Down Only Slightly - 1.2% - from June 2006. Portland Real Estate Market Much Better Than Most of U.S.!”
But.
Here are the prevailing price trends; blue is pending, green the actual sold price:
Clearly the gap between list price and […]
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 - […]
April numbers: There’s somethin’ happenin’ here, what it is ain’t exactly clear…
I said before I people and situation watch, because that can give early cues before the numbers catch up:
Nationally the DOW just went over 13,000 - up 13.5% since January - unemployment went down when it was expected to go up, and fresh $600 checks are taking some of the mental agony out of $3.60 gas prices. […]
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 […]
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, […]
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, […]
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 […]
Bubblers and Ripples
photo credit: chris9486
USA Today has a story today re a connection between the decline in housing and the decline in electronics sales. As most things that show correlation without showing causation, it’s interesting but not much more. It does, however, dovetail nicely with a post I’ve considered writing to those numbered and universally nameless […]
