The neighborhoods across Portland have so much to offer – whether you’re visiting from out-of-town or want to buy a home in an area that matches your specific wants and needs. What makes Portland neighborhoods unique is that they each have their own distinct “feel”, shaped by their natural surroundings, local businesses and restaurants, and of course the people who live there. The appeal of some of these neighborhoods is the proximity to nearly everything a resident could want, and often within walking distance, so there’s hardly a need to venture outside the neighborhood for daily necessities. Others are surrounded by natural beauty while also enjoying quick access to downtown. In this article we’ll explore ten desirable Portland neighborhoods based...
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Top 10 Portland Neighborhoods in 2023
March 17, 2023
The neighborhoods across Portland have so much to offer – whether you’re visiting from out-of-town or want to buy a home in an area that matches your specific wants and needs. What makes Portland neighborhoods unique is that they each have their own distinct “feel”, shaped by their natural surroundings, local businesses and restaurants, and of course the people who live there. The appeal of some of these neighborhoods is the proximity to nearly everything a resident could want, and often within walking distance, so there’s hardly a need to venture outside the neighborhood for daily necessities. Others are surrounded by natural beauty while also enjoying quick access to downtown. In this article we’ll explore ten desirable Portland neighborhoods based...
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Living in a city often means living in tight spaces. Portland is no different, especially with the possibility of an increase in additions and new construction, thanks to the city’s new Residential Infill Project (RIP). Homeowners install fences on their properties for a variety of reasons: to keep pets and children safe, to serve as a tidy perimeter for landscaping, and to maintain privacy. It’s been said that good fences make good neighbors, but fences can also cause antagonism when disputes between neighbors arise over property boundaries. Here, we’ll sort through Oregon fence laws and local codes and restrictions and offer some useful tips for resolving fence conflicts peacefully. What Causes Fence and Boundary Conflicts Between Neighbors? Previous negotiation—Your neighbor...
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Whose Fence is it Anyway? How to Resolve Fence Problems with Your Neighbor
March 17, 2023
Living in a city often means living in tight spaces. Portland is no different, especially with the possibility of an increase in additions and new construction, thanks to the city’s new Residential Infill Project (RIP). Homeowners install fences on their properties for a variety of reasons: to keep pets and children safe, to serve as a tidy perimeter for landscaping, and to maintain privacy. It’s been said that good fences make good neighbors, but fences can also cause antagonism when disputes between neighbors arise over property boundaries. Here, we’ll sort through Oregon fence laws and local codes and restrictions and offer some useful tips for resolving fence conflicts peacefully. What Causes Fence and Boundary Conflicts Between Neighbors? Previous negotiation—Your neighbor...
The post Whose Fence is it Anyway? How to Resolve Fence Problems with Your Neighbor appeared first on Real Estate Agent PDX.
Selling homes for more than twenty years now (licensed in 2003), one of the rules of thumb in the real estate market I tell my clients is that new construction homes sell for a lot more per square foot than resale homes. Appraisers would never compare new construction homes with resale homes when conducting a report, and Realtors worth their salt would never compare the two when preparing a home value estimate for a client. But in all my years I’ve yet to find a good place to get the hard data, the difference in price per sq. ft. between new and resale homes in our area. So I decided to start my own annual reports on this, so I...
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New Construction Homes Sell for 16% More Per Sq. Ft. than Resale Homes
March 17, 2023
Selling homes for more than twenty years now (licensed in 2003), one of the rules of thumb in the real estate market I tell my clients is that new construction homes sell for a lot more per square foot than resale homes. Appraisers would never compare new construction homes with resale homes when conducting a report, and Realtors worth their salt would never compare the two when preparing a home value estimate for a client. But in all my years I’ve yet to find a good place to get the hard data, the difference in price per sq. ft. between new and resale homes in our area. So I decided to start my own annual reports on this, so I...
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In their 2022 Housing Survey, NeighborWorks America found that nearly nine in ten Americans agree that homeownership is important, and many see both increased feelings of security and connection to their community as significant benefits of owning a home. In reality, being a homeowner extends beyond the property itself to a sense of ownership and shared responsibility in the neighborhood, which leads to more involvement in the community and reduced crime, among other benefits. While owning a home is rewarding, there are times when renting may be a better fit. We’ll explore the options for each in light of the current housing market. Factors to Consider When Deciding to Rent or Buy The first and most obvious consideration is finances:...
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Rent vs. Buy a Home in Portland, Oregon? A Financial Calculation 2023
March 13, 2023
In their 2022 Housing Survey, NeighborWorks America found that nearly nine in ten Americans agree that homeownership is important, and many see both increased feelings of security and connection to their community as significant benefits of owning a home. In reality, being a homeowner extends beyond the property itself to a sense of ownership and shared responsibility in the neighborhood, which leads to more involvement in the community and reduced crime, among other benefits. While owning a home is rewarding, there are times when renting may be a better fit. We’ll explore the options for each in light of the current housing market. Factors to Consider When Deciding to Rent or Buy The first and most obvious consideration is finances:...
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Preparing to buy a home for the first time can be a daunting prospect with all of the factors to consider and steps to complete, not to mention the large financial investment involved in the initial downpayment. Because this is often the part of the home buying process that buyers either find most intimidating or that discourages them from homeownership altogether, we’d like to highlight the many financial assistance programs that are available to help make the dream of homeownership a reality. We’ve done the work of sifting through the federal, state, county and city programs to share the best down payment programs available in the Portland metro area. These programs apply to a range of income levels, so you...
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Down Payment Assistance Programs for Home Buyers in 2023
March 10, 2023
Preparing to buy a home for the first time can be a daunting prospect with all of the factors to consider and steps to complete, not to mention the large financial investment involved in the initial downpayment. Because this is often the part of the home buying process that buyers either find most intimidating or that discourages them from homeownership altogether, we’d like to highlight the many financial assistance programs that are available to help make the dream of homeownership a reality. We’ve done the work of sifting through the federal, state, county and city programs to share the best down payment programs available in the Portland metro area. These programs apply to a range of income levels, so you...
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Underneath the plains of Romania lies a cave that has been sealed off from the rest of the world for 5.5 million years. According to the BBC, “While our ape-like ancestors were coming down from the trees and evolving into modern humans, the inhabitants of this cave were cut off from the rest of the planet.” Insects, spiders, fungi and bacteria evolved separately in the low-oxygen environment, and scientists have discovered at least 33 species that exist nowhere else on earth! Does this cave sound like a place you know? Before a house becomes a “property” listed on the real estate market, it’s somebody’s home. And some of these homes have been, like Movile Cave, sealed off from the rest...
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Selling Mom and Dad’s Portland Home
March 8, 2023
Underneath the plains of Romania lies a cave that has been sealed off from the rest of the world for 5.5 million years. According to the BBC, “While our ape-like ancestors were coming down from the trees and evolving into modern humans, the inhabitants of this cave were cut off from the rest of the planet.” Insects, spiders, fungi and bacteria evolved separately in the low-oxygen environment, and scientists have discovered at least 33 species that exist nowhere else on earth! Does this cave sound like a place you know? Before a house becomes a “property” listed on the real estate market, it’s somebody’s home. And some of these homes have been, like Movile Cave, sealed off from the rest...
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Portland’s real estate landscape is vast! There’s a specialist for nearly every activity — and that’s a good thing. To have a hassle-free real estate transaction, you need someone handling the mortgage, someone looking at the title, someone inspecting the home, etc. That’s why a system has developed over the decades in which, in a given home sale transaction, there’s usually one real estate agent for the seller and one for the buyer. Now some real estate agents will take that a step further and exclusively represent sellers or exclusively represent buyers as a career specialization choice to serve their clients in the most effective manner. Top 3 Advantages of a Sellers Agent Specialist 1. Improved Customer Service When I...
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Real Estate Agent vs. Sellers Agent Specialist: What’s the difference?
March 8, 2023
Portland’s real estate landscape is vast! There’s a specialist for nearly every activity — and that’s a good thing. To have a hassle-free real estate transaction, you need someone handling the mortgage, someone looking at the title, someone inspecting the home, etc. That’s why a system has developed over the decades in which, in a given home sale transaction, there’s usually one real estate agent for the seller and one for the buyer. Now some real estate agents will take that a step further and exclusively represent sellers or exclusively represent buyers as a career specialization choice to serve their clients in the most effective manner. Top 3 Advantages of a Sellers Agent Specialist 1. Improved Customer Service When I...
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What is happening in Portland these days in terms of population growth? After the massive surge in Oregon’s population over the decade from 2010-2020, with growth of 10.6% leading up to the disruption of the pandemic, what factors have affected Portland’s population over the last three years? Let’s take a look at the most recent trends influencing population fluctuations in and around the Portland Metro area. As we shared in our last population update, the statistics since 2020 continue to tell two different stories within the Portland metro. The population growth of Portland suburbs (the whole metro) and population loss within the City of Portland’s official boundaries (the city proper). Portland Population Decreased in 2021 There was already a slight...
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Are People Moving Out of Portland? A Population Update for 2023
March 6, 2023
What is happening in Portland these days in terms of population growth? After the massive surge in Oregon’s population over the decade from 2010-2020, with growth of 10.6% leading up to the disruption of the pandemic, what factors have affected Portland’s population over the last three years? Let’s take a look at the most recent trends influencing population fluctuations in and around the Portland Metro area. As we shared in our last population update, the statistics since 2020 continue to tell two different stories within the Portland metro. The population growth of Portland suburbs (the whole metro) and population loss within the City of Portland’s official boundaries (the city proper). Portland Population Decreased in 2021 There was already a slight...
The post Are People Moving Out of Portland? A Population Update for 2023 appeared first on Real Estate Agent PDX.
We like to stay informed on the real estate market activity in Portland’s suburbs and share our findings with you in our Portland Suburb Real Estate Market Reports. In this article we bring our focus to the suburb of Newberg, which lies 24 miles southwest of Portland and offers an appealing rural lifestyle with easy access to the city’s amenities. Voted #4 by USA Today in their ranking of the 10 Best Small Town Food Scenes in 2022, and known as the “Gateway to Oregon’s Wine Country” with a number of vineyards in its lush countryside, Newberg holds plenty of appeal. In this article, we’ll focus on how the real estate market is performing in Newberg, Oregon. Newberg is Experiencing a Decline in Real...
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Newberg, Oregon Real Estate Market, 2023 Update
March 3, 2023
We like to stay informed on the real estate market activity in Portland’s suburbs and share our findings with you in our Portland Suburb Real Estate Market Reports. In this article we bring our focus to the suburb of Newberg, which lies 24 miles southwest of Portland and offers an appealing rural lifestyle with easy access to the city’s amenities. Voted #4 by USA Today in their ranking of the 10 Best Small Town Food Scenes in 2022, and known as the “Gateway to Oregon’s Wine Country” with a number of vineyards in its lush countryside, Newberg holds plenty of appeal. In this article, we’ll focus on how the real estate market is performing in Newberg, Oregon. Newberg is Experiencing a Decline in Real...
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It has now been 15 years since the U.S. housing bubble burst in 2008, and the recession that followed was an unexpected windfall that took the Portland housing market many years to recover from. Ten years later economists were claiming that the economy had rebounded – just as the housing market began to cool down again. However, with the onset of the global pandemic, no one expected the volatile housing market we currently find ourselves in. Learning from the circumstances that led to a housing bubble in the first place and how the economy has responded since can inform our buying and selling decisions today. In addition, many home buyers currently entering the Portland housing market may not have experienced...
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Portland Real Estate Market – 15 Years After the Crash
March 1, 2023
It has now been 15 years since the U.S. housing bubble burst in 2008, and the recession that followed was an unexpected windfall that took the Portland housing market many years to recover from. Ten years later economists were claiming that the economy had rebounded – just as the housing market began to cool down again. However, with the onset of the global pandemic, no one expected the volatile housing market we currently find ourselves in. Learning from the circumstances that led to a housing bubble in the first place and how the economy has responded since can inform our buying and selling decisions today. In addition, many home buyers currently entering the Portland housing market may not have experienced...
The post Portland Real Estate Market – 15 Years After the Crash appeared first on Real Estate Agent PDX.