U.S. home sales decrease in June
The number of new home sales in the United States ended a three-month steak of increasing activity in June.
Portland-area residential sales activity improving
The number of accepted offers dropped 3.4 percent in June from the previous month, to 2,435, according to the Regional Multiple Listings Service most recent monthly report. That was still 21.7 percent higher than a year ago.
Pending home sales activity increases in May
According to the Regional Multiple Listings Service monthly market action report, pending homes sales in May reached their highest point for that month in the past five years. Real estate activity was also reportedly up, except for activity in new listings, which decreased slightly.
Existing home sales on the rise
Existing home sales in January rose for the third time in the past four months, according to the National Association of Realtors. Existing home sales are completed transactions that include single-family homes, townhomes, condominiums and co-ops.
Portland home sales rise in February
Home sales within the city of Portland improved slightly in February after dropping off sharply the month before.
Federal short-sale program relaxes standards
The U.S. Treasury Department has revamped its short-sale program, known as the Home Affordable Foreclosure Alternative program, by easing program requirements like income restrictions and documentation standards.
Portland home sales hit 12-month low
January marked a 12-month low for Portland home sales. Only 351 homes sold during the month of January, down from 575 homes sold in December.
Short-sale scam means losses for lenders
Since the homebuyer tax credit expired earlier this year, short sales have been one of the only tactics enticing people to buy a home in an otherwise grim market. And with any good thing in real estate, investors are looking to take advantage of it.
Low May home sales in Portland an aberration
There has been a lot of talk around the industry about how the federal homebuyers tax credit was only a quick fix that would have no meaningful, lasting effects once […]
Low May home sales in Portland an aberration
There has been a lot of talk around the industry about how the federal homebuyers tax credit was only a quick fix that would have no meaningful, lasting effects once […]
Homebuyers tax credit extension fails
A Senate jobless aid bill that included an amendment extending the homebuyers tax credit until September 30 failed failed to pass the Senate on Thursday.
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