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Mt. Hood Home Buyers

Saturday, October 5, 2013
by Liz Warren

If you're currently in a transaction in the Mt. Hood area, or starting one, and are getting an FHA, VA, USDA or conventional loan, you might be wondering what the current government shut down is doing to your loan and transaction. Read about NAR's summary of the delays for each loan and the impact it will have on your purchase. Which government services are having an impact on your loan?  The IRS and social security divisions are needed for many types of loans so this "might" cause delays. USDA loans are dead in the water. Current processing times for USDA are already three weeks out so this could cause even more of these loans to have long delayed closings!

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August Sales Surge in the Mt. Hood Area

Thursday, September 19, 2013
by Liz Warren

Summer buyers came out to take advantage of our high inventory of Mt. Hood homes and cabins for sale this year. Many second homes buyers realize that now is the time to buy that Mt. Hood getaway while interest rates are incredible and choices are many! Check out the stats for August from multiple listing service below:

      Mt. Hood Sales for August 2013

Pending sales during this month were up 50% from 2012 and a whopping 20 properties closed in August! That's definitely a record breaking month over the past five years. Now that the kids are back in school and skiers are thinking about snow the next surge of buyers should be flocking in. There's lots of inventory to choose from in all pricing points.

Skiers, get your Government Camp condo now before they area all gone!

Do your search here to see current inventory.

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Soaring Mt. Hood Sales For Summer 2013

Monday, August 26, 2013
by Liz Warren

The glorious summer and massive influx of visitors brought higher sales this July for the Mt. Hood area. Sixteen sales for Brightwood to Government Camp were posted in the multiple listing service.

Here's a break down of what sold this past month and the actual sales are listed below.

Condo sales took off, but mostly in Government Camp with four units selling, one Shadow Hawk unit closed in Welches.

Two Timberline Rim homes closed!

Two Mt Hood National Forest cabins were sold. Current inventory is large for cabins right now.

Two golf course homes were purchased with one at the Resort at the Mountain and the other on Fairway Avenue with an acre of land and killer view.

Five waterfront properties closed this month.

July 2013 real estate sales for Mt. Hood

July 2013 Sales for Government Camp, Welches, Rhododendron

 

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July Mountain Sales Take Off

Tuesday, August 20, 2013
by Liz Warren

No misprint below. Yes, there were sixteen sales that closed in July! It's been a busy summer. There's lots of inventory to choose from. Our incredible summer weather has visitors and tourists flocking to the mountain. Take advantage of still low interest rates and buy your mountain getaway today.

        July 2013 Mt. Hood Real Estate Sales

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CPFB-Consumer Protectoin Financial Bureau Lacks Transparency

Tuesday, August 6, 2013
by Liz Warren

The CPFB was created after the Wall Street implosion to help protect consumers from financial transactions including mortgages. In the process, strict mortgage qualifications were developed so loans that would be packaged were solid (no liar loans) and these loans were called Qualified Mortgages. If a qualified mortgage failed it would give the right to the consumer to sue the lender in the event of foreclosure.  These rules for qualified mortgages were written by the CPFB.

After the Qualified Mortgage package was passed in January 2013, the director of CPFB, Raj Date, left to "spend more time with his family" and several months later created an investment advisory company called Fenway Summer LLC to make loans to people who did not qualify for the "qualified mortgage". He also hired many former CPFB employees setting his company up to make billions in future loans.

The CPFB didn't raise any alarms at what happened in their own backyard. Read the letter from the Committee of Oversight on Government Reform and the Committee on Financial Services sent out July 31st. to the current chair of the department.

Look for further news on this story in the next several months.

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Summer Inventory Increases on Mt. Hood

Tuesday, July 16, 2013
by Liz Warren

Inventory soared with 33 new properties for the Mt. Hood market this June! Pending sales are up 83% over June's 2012 sales. And total pending sales are up about 6% from last year at this time. What a difference an upturn makes. Not a large number of sales closed though with five total.

How about some sales stats for the year?

61 total sales as of today. Pricing points are as follows:

<$200,000   35 Sales

$200,000-$300,000  14 sales

$300,000-$400,000   8 sales

>$400,000   4 sales

 

RMLS chart for June 2013

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Mountain Closings Down for June 2013!

Saturday, July 13, 2013
by Liz Warren

It came as a complete surprise when June 2013 sales info came out this week. Only five properties went to closing for the month according to RMLS statistics. July numbers will certainly make up for the slow down with 25 sales currently pending. The jump in interest rates slowed applications for mortgages according to lenders but I wouldn't exactly say that is reflected in our current pending sales information. We expect the surge in inventory to keep prices very affordable as many second home sellers have been waiting for an improving market.

June 2013 sales for Mt. Hood

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Rates Are Up!

Friday, June 21, 2013
by Liz Warren

Interest rates are up

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Eleven Sales for April 2013

Tuesday, May 21, 2013
by Liz Warren

RMLS reported a total of nine sales for April but two more have since been added to RMLS totaling eleven sales. Three of this month's sales were foreclosures and one short sale. Foreclosures in the area are tapering off and short sales increasing. Lengthy closings are status quo for any short sale these days.

April 2013 mt. Hood Sales

April 2013 Mt. Hood Sales

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Distressed Sales for Mt. Hood Area

Monday, April 22, 2013
by Liz Warren

Resent numbers for distressed properties were just released by multiple listing for the Portland Metro area graphed below. Although the numbers are shrinking and down from 35% or so from a year ago, the total sold  homes are still around 22% of the market for bank owned and short sales. The first quarter of 2013 on the mountain saw 28 sales with only three bank owned properties in the mix. Bank Owned Properties for sale on Mt. Hood.

Portland Metro distressed properties for first quarter

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Displaying blog entries 661-670 of 869

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