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Diana Lipton's Real Estate Blog

Market Outlook August -September

As the hot days of summer start to cool, so has the market in Portland. The immediate and multiple offers are slowing almost to a halt. Agents have quit saying “all offers reviewed on ___”. Seems we are returning to more normal market conditions. Buyers are shopping longer. Strong agents are advising clint’s to price to the market. As I have said for 32 years, as a Seller, you have …Read More

Buyer vs. Seller

The market in Portland is incredibly competitive. What I am noticing is that homes go Pending, then within weeks, they are back on the market. Buyer’s continue to shop and/or they get Buyer’s Remorse before getting to the inspection period. So, if you are a Seller, don’t count on anything until you are in escrow.


If You Are Thinking of Selling, Now Is The Time If You Are Thinking of Selling, Now Is The Time | Simplifying The Market If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply …Read More

Move Up to Your Dream Home NOW!

Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of. Prices are still below those of a few years ago and interest rates have stayed near historic lows. Sellers should realize that waiting to make the move when mortgage rates are projected to increase probably doesn’t make sense. As rates increase, the price of the house you …Read More

Tired Buyers

Buyer’s in Portland are exhausted by the process of submitting multiple offers and not securing a house. What I have heard from multiple agents is that multiple offers are happening less than a month ago. I had one agent tell me that a Buyer voided the agreement because they were the only offer. The true reason why they were the only offer is because the other Buyer’s did not want …Read More

Where are Home Prices Headed?

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number. …Read More

Portland Growth

In general, single family trends saw expected seasonal slowdowns compared to last quarter. However, year-over-year trends, in most cases, highlight a strong single family real estate market across Oregon and at the national level. The National Association of Realtors (NAR) reports the median sale price for existing single-family homes registered at $226,000 in December 2015, an 8 percent premium over December 2014. Transaction volume was also up in year-over-year terms …Read More

A Stunning $441 Billion Paid in Rent

Posted: 08 Jan 2015 04:00 AM PST A recently released study revealed that a whopping $441 Billion was spent on rents in the U.S. in 2014. This represents an increase of over $20 Billion from the year before. As shown on the chart below, rents have increased consistently over the last 20+ years. However, the recent increases have been astounding. Why such a jump? Many Millennials have postponed the purchase …Read More

4 Reasons to Buy Before Spring!

Posted: 07 Jan 2015 04:00 AM PST The holiday season is behind us, time to focus on what exciting new experiences 2015 can bring! If you are planning on becoming a homeowner, or moving up to the home of your dreams in 2015, here are four great reasons to consider buying a home now, instead of waiting until spring. 1. Prices Will Continue to Rise The Home Price Expectation Survey …Read More

Where will Mortgage Rates be Headed in 2015?

Posted: 06 Jan 2015 04:00 AM PST We finished 2014 with the 30 year fixed mortgage rate at 3.87% as per Freddie Mac. This is very close to the historic lows in the spring of 2013. However, the Mortgage Bankers Association projects mortgage rates to be about 5% by the end of 2015. The website Investopedia agrees and gives some perspective on the 5% rate: “Barring another financial and housing …Read More

#1 Reason to Sell Now

Posted: 05 Jan 2015 04:00 AM PST If you are one of the many homeowners out there who are debating putting their home on the market in 2015, don’t miss out on the opportunity that currently exists. There will be significantly less competition in the winter months than in the spring. According to the National Housing Survey released by Fannie Mae, 45% of homeowners “say mortgage rates will go up …Read More

Homeowners’ Tough Decision: OTM, FSBO or List

Posted: 30 Dec 2014 04:00 AM PST At the end of the year, in every region of the country, hundreds of homeowners have a tough decision to make. The ‘listing for sale agreement’ on their house is about to expire and they now must decide to either take their house off the market (OTM), For Sale by Owner (FSBO) or list it again with the same agent or a different …Read More

Freddie Mac: 2015 Home Sales to Hit 2007 Levels

Posted: 29 Dec 2014 04:00 AM PST According to Freddie Mac’s latest U.S. Economic & Housing Market Outlook, U.S. home sales in 2015 will show increase to the numbers associated with a normal real estate market. Here is their projection: “We are projecting a 4 percent rise in sales to 5.6 million, which would mark the highest level of annual sales since 2007.” And their optimism was seconded by both …Read More

Gallup Poll: Real Estate “Heading in the Right Direction”

  In a recent Gallup poll, Americans were asked to rate 24 different business sectors and industries on a five-point scale ranging from “very positive” to “very negative.” The poll was first conducted in 2001, and has been used as an indicator of “Americans’ overall attitudes toward each industry”. For the first time since 2006, Americans had an overall positive view of real estate, giving the industry a 12% positive …Read More

The REAL Reasons Americans Buy a Home

Posted: 23 Dec 2014 04:00 AM PST Last week, we reported on the financial reasons that the New York Times felt that homeownership was important. The Joint Center for Housing Studies at Harvard University performs a study every year surveying participants for the reasons that American’s feel are most important in regards to homeownership. There’s No Place Like Home The top 4 reasons to own a home cited by respondents …Read More

Home Values Compared to the Peak of 2006-2007

Posted: 22 Dec 2014 04:00 AM PST There is no doubt that the housing market has recovered from the meltdown that occurred just a few short years ago. However, in some states home values still have not returned to the prices we saw in 2006 and 2007. Here is a breakdown showing where current prices are in each state as compared to peak prices.

Do You Fit the Description of the Typical First Time Homebuyer?

Posted: 18 Dec 2014 04:00 AM PST There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family. Others may think they are too young. And still others might think their current income would never enable them to qualify for …Read More

Two Great Reasons to Buy not Rent

Posted: 17 Dec 2014 04:00 AM PST There are many young people debating whether they should renew the lease on their apartment or sign a contract to purchase their first home. Based on a recent study, here are two reasons buying a home might make more sense:

2015: The Return of the Millennial Home Buyer

Posted: 16 Dec 2014 04:00 AM PST Earlier this month, Zillow predicted that millennial buyers (under the age of 35) will become the largest group of buyers, overtaking Gen X (35-50 years old) by the end of 2015. Dr. Stan Humphries, Zillow Chief Economist, explained: “Roughly 42 percent of millennials say they want to buy a home in the next one to five years, compared to just 31 percent of …Read More

New York Times: Homeownership is Best Way To Build Wealth

  Posted: 15 Dec 2014 04:00 AM PST The New York Times recently published an editorial entitled, “Homeownership and Wealth Creation.” The housing market has made a strong recovery, not only in sales and prices, but also in the confidence of consumers and experts as an investment. The article explains: “Homeownership long has been central to Americans’ ability to amass wealth; even with the substantial decline in wealth after the …Read More