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. […]
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 - […]
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 […]
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, […]
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 […]
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 […]
