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Mt. Hood Sales for July 2010 on Mt. Hood

Sunday, August 15, 2010
by Liz Warren

If you've kept up with recent reports you will find that the majority of sales for 2010 were pushed up to the first half of the year due to the first time home buyer's credit. Sales plummeted since that time. Buyers who may have bought later in the year pushed their plans forward leaving a 30% drop in sales for Jully.

Brightwood, Rhododendron, Welches and Government Camp saw three closed sales for residential properties for the month of July. Two of these homes were foreclosures. Here are the sales:

Mt. Hood sales for July 2010

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To Buy or Not to Buy Mt.Hood Properties

Tuesday, July 27, 2010
by Liz Warren

The fact is, this is probably the best time in the past 80 years to purchase real estate. Swelling inventories and unbelieveable interest rates have created this opportunity. Not only is a house a home but what about the investment opportunities.

Here is how the housing values compares with the stock market over the past decade.

Mt. Hood Stock vs. Real estate

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Nationally Existing Home Sales Drop

Monday, July 26, 2010
by Liz Warren

Mt. Hood real estate sales for June 2010 hit  a whopping 15 sales. Here is the most recent chart from NAR-National Association of Realtors showing national sales for the month of June 2010. Is the Mt. Hood area bucking a national trend?

National Home Sales June 2010

Look at the number of sales in 05 and 06 compared to today's figures. As a general statement, the mountain sales have probably declined in numbers by two thirds at the height of the market in 05-06.

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June Sales in Welches, Government Camp, Rhododendron and Brightwood

Saturday, July 17, 2010
by Liz Warren

A record number of sales closed in June 2010 in the Mt. Hood area. Most of them went pending in March and April. Seven of the fifteen were bank foreclosures. Nine sales were under $200,000. The good news is that there were two Resort at the Mountain homes which sold. That area has seen some spark recently with a few sales and some new properties coming on the market. Here are the June sales for 2010 in the Mt. Hood area:

Mt. Hood Real Estate sales for June 2010

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Mt. Hood Real Estate Numbers for June 2010

Saturday, July 17, 2010
by Liz Warren

The numbers are in for June 2010 for Mt. Hood area real estate sales straight out of RMLS. The numbers are impressive with a total of 15 sales closing. My estimate is that these sales were put together in March and April and finally closed. We have seen a weakening of pending sales at the moment but hope with the fantastic weather we are having that more buyers will take advantage of the incredible inventory currently on the market. Now is the time to get a hec of a deal on a mountain property!

Mt. Hood real estate sales for June 2010

Market indicators show increasing inventory, fewer pending sales for the month, longer marketing periods but pending sales up nearly 50% year to date from 2009!

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February 2010 Oregon Foreclosures

Thursday, July 15, 2010
by Liz Warren

The numbers are out for the National Association of Realtors statistics for February 2010 in the Salem area foreclosures compared with the United Sates Numbers. Here is a chart of activity:

Foreclosures on Mt. Hood

 

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Oregon Foreclosure Information

Thursday, July 15, 2010
by Liz Warren

The National Association of Realtors has published some interesting information on Oregon foreclosures for 2009. Our state has been in the news recently at number three in the country for foreclosures. Here is the breakdown of home ownership and home foreclosures based on the type of loan the homeowner received. Prime loans are the biggest percentage of foreclosures in 2009 reflecting the high unemployment rate in Oregon.

See Mt. Hood Area Foreclosures here

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Mt. Hood's Swelling Summer Population

Monday, July 12, 2010
by Liz Warren

You know its summer on the mountain when the arty funky buses pull into the Hoodland shopping center filled with kids who swamp local stores. These kids are from all over who visit our area to attend ski and snowboarding camps.

Shawn White, who won Gold in the 2010 Canadian Olympics for half pipe, brought untold publicity to the Mt. Hood area with our year round summer skiing and boarding. This was one of the areas he trained at throughout his career and we garnered great advertising for the Palmer Glacier, Timberline, and all our surrounding burbs of Government Camp, Welches, Rhododendron and Brightwood. We have two re-known camps in our area, Windells, in Brightwood and High Cascade in Government Camp. Shawn attended Windells.

Here is an article in OregonLive that gives more details on our summer treasure. At nearly $1500-$1800 per week for campers to attend, this gives a major shot in the arm economically to local business owners who garner the spending of the kids and often their parents who vacation in our state while their kids are in camp.

Mt. Hood has seen its share of business closures due to tough economic times so this is a welcome reprieve and a shot of cash for many of our smaller businesses!

 

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Lowest Interest Rates Since 1971!

Friday, June 25, 2010
by Liz Warren

That is right. Read the headline! These are the lowest interest rates since 1971! We are talking nearly 40 years.

Average 30-year home loan rates : 4.69 percent

Average 15-year mortgage rates are just 4.15 percent

Buy now or take advantage of a refi. These are unbelieveable rates!

 

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Mt. Hood Seven Sales for May 2010

Wednesday, June 23, 2010
by Liz Warren

Mt. Hood Sales for May 2010

Here are the seven sales for the month of May in 2010 in the Mt. Hood Area. Two of these homes were foreclosures and finally, a forest service cabin sold!

Now that the Fed stimulous is over there is a major rush to close those deals by the end of June. This may have pushed purchasers into the first half of the year for buying and many experts predict a lag in July and August since many buyers took advantage of that tax credit opportunity. Even though this tax credit was extended into 2010, only one fifth of the numbers seen in 2009 took advantage compared to the surge of sales in 2009. Numbers are weak throughout the US for 2010 with new mortgage applications lagging and new construction sales down by 32% according to Reuters today.

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Displaying blog entries 731-740 of 827

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