eclipse
November 26, 2012
Home prices are recovering, yet still low enough to lure buyers. This New Year’s, you may want to make a resolution to go house hunting. Home prices are finally starting to recover, but they’re still low enough to get a great deal. Add to that interest rates that are at historic lows, and 2013 may...
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eclipse
November 15, 2012
“Wake up and smell the coffee,” writes Michael Corbett, Trulia’s real estate expert and and host of NBC’s “Extra’s Mansions & Millionaires!” in his book Before you Buy! The Homebuyer’s Handbook for Today’s Market. He’s talking about big chains such as Starbucks and Whole Foods. If you see them opening in a new neighborhood, it’s a sign that the...
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eclipse
November 14, 2012
J.P. Morgan Chief Executive James Dimon likes what he sees right now in the U.S. housing market. Mr. Dimon has a pretty good forecasting track record this year, at least as far as housing goes. Consider that in January, Mr. Dimon said he thought that housing was nearing a bottom, and the bulk of the data...
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eclipse
November 14, 2012
ORLANDO—National Association of Realtors Chief Economist Lawrence Yun foresees U.S. home prices rising by 15% over the next three years, a boost for the beleaguered housing market. Mr. Yun is widely known for his optimistic forecasts, given his employer, the nation’s largest housing cheerleader. Still, any talk of rising home prices is welcome news. Home...
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Lately, the housing market may be the one thing going right for the economy, Reuters reports. Several signs have pointed to a housing market in full recovery mode. “Higher sales, prices, and building, albeit modest so far, are a welcome boost as other drivers of the economy falter,” Reuters reports. Unlike the “boom” years, housing...
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As reported on Bloomberg: “Warren Buffett’s Berkshire Hathaway Inc. is extending its bet on the U.S. housing market by forming a venture with Brookfield Asset Management Inc. as low interest rates, inventory and prices spur a real-estate rebound. Berkshire’s Home Services of America Inc. unit will be the majority owner of the venture to manage a...
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Kids love it – the candy, the costumes, the laughter and the fun. It’s Halloween! Zillow recently announced its top Trick or Treat Towns for 2012 and Portland made the Top 10! These cities provide the most candy with the least walking and safety risks for kids. The list also broke down the top neighborhoods...
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Americans have a love affair with the Bungalow. The term “bungalow” originated in the Bengal region of India. Evolving from a native hut called a bangala. A bangala was described as a comfortable abode built low to the ground with high thatched roofs and overhanging eaves, which shaded the single story home, a perfect way...
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Here’s something to consider the next time you’re stuck in traffic in downtown Portland: If city planners succeed, that congestion won’t improve. In fact, it might even get worse. As they work on a wide-ranging plan for the future of the central city, a blueprint to ensure that downtown Portland’s next 20 years are as successful as...
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Many experts are beginning to call a bottom in house prices. Why? Writing in the Financial Times, Roger Altman, former deputy Treasury secretary, explained why he is so bullish on housing: “This surge will be driven by a combination of improving house prices, a lower inventory of homes for sale, rising rates of household formation...
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