We believe that 2012 will be the year that home sales start to climb again. Over the past thirty days, more and more experts are saying the same thing. Jamie Dimon, JPMorgan Chase CEO “I believe we’re very close to the inflection point. People look at prices that are still coming down but all the...
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Housing affordability conditions have reached the highest level since record keeping began in 1970, according to the National Association of Realtors®. NAR’s Housing Affordability Index rose to a record high 206.1 in January, based on the relationship between median home price, median family income and average mortgage interest rate. The higher the index, the greater...
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Fixed mortgage rates fell slightly for the week ending March 1, keeping interest rates near their 60-year lows, Freddie Mac said Thursday. Freddie’s Private Mortgage Market Survey shows the 30-year, fixed-rate mortgage averaging 3.90% for the week, which is down from 3.95% the previous week and 4.87% a year ago. In addition, the 15-year FRM...
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February 29, 2012
The kids at West Hills Learning Center have been watching the progress on the new vintage homes at SW 31st in Multnomah Village with wide eyes and lots of questions. Yesterday, they finally got to take a tour! Renaissance Homes Production Manager Rich Williams and Quality Assurance Manager Mike Jeffords gave them a quick green building...
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February 27, 2012
Renaissance Homes is setting the standard for high performance, green built homes in the Portland metro area. Our latest Energy Performance Score for a 2,607 sq ft home was a 74. A home built to Oregon code is 103. Our home rated 28% more efficient than Oregon building codes! Savings on energy bills translates to...
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The term “green” is being used to market everything from food to furniture, and it’s also becoming an enticement for the biggest purchase most of us will ever make: buying a home. That’s why understanding certain environmental criteria before you shop for a new home can help you avoid the increasingly prevalent “green-washing” that misinformed...
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