COVID-19 has, without a doubt, impacted the real estate market from decreases in interest rates and inventory to increases in zoom towns and home prices. While we are still not out of the woods with the pandemic’s influence on the market, we’ve been watching to see how it’s all unfolding. We’ve consulted some of the top sources in the country to see how things look on the national real estate landscape. While COVID has been front and center in all news, including real estate, it’s not the only news. Here, we’ll share what’s happening across the country and here at home to help you stay informed whether you’re just entering the market for a new home or have been following...
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Top 7 Real Estate News Stories of 2021
December 6, 2021
COVID-19 has, without a doubt, impacted the real estate market from decreases in interest rates and inventory to increases in zoom towns and home prices. While we are still not out of the woods with the pandemic’s influence on the market, we’ve been watching to see how it’s all unfolding. We’ve consulted some of the top sources in the country to see how things look on the national real estate landscape. While COVID has been front and center in all news, including real estate, it’s not the only news. Here, we’ll share what’s happening across the country and here at home to help you stay informed whether you’re just entering the market for a new home or have been following...
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Each year, the National Association of Realtors (NAR) releases a report detailing how much real estate agents make. Or in Oregon’s case, how much Realtors make. Not sure about the different between a real estate agent, Realtor, or Broker? Read our article, REALTOR, Agent, Broker – What’s the difference? The 2021 reported median gross income for Realtors was $43,330, a decrease from $49,700 reported in 2020. This decrease while not unusual, as we can see from the graph below, was likely due to the impact of the COVID-19 pandemic. While there was surprisingly still a demand for homes during the pandemic, the market saw a notable slump in real estate inventory in 2021, the lowest in 40 years, according to...
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How Much do Real Estate Agents Make? 2022 Report
December 3, 2021
Each year, the National Association of Realtors (NAR) releases a report detailing how much real estate agents make. Or in Oregon’s case, how much Realtors make. Not sure about the different between a real estate agent, Realtor, or Broker? Read our article, REALTOR, Agent, Broker – What’s the difference? The 2021 reported median gross income for Realtors was $43,330, a decrease from $49,700 reported in 2020. This decrease while not unusual, as we can see from the graph below, was likely due to the impact of the COVID-19 pandemic. While there was surprisingly still a demand for homes during the pandemic, the market saw a notable slump in real estate inventory in 2021, the lowest in 40 years, according to...
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In 2021, 90% of homeowners in the real estate market nationwide sold their home using a real estate agent or broker, according to the National Association of Realtors. That was on par with 2019-2020 and slightly lower than 2018 (91%). Only 7% of home sellers sold their homes For Sale by Owner (FSBO). For sale by owner homes sold for much less in 2021 than homes represented by real estate agents, 14% less, which we will explain here. For Sale By Owner Rates Have Dropped Consistently Over the Years The 7% of FSBO home sales in 2021 was down by 1% from 2020. The For Sale By Owner rate has been steadily dropping since the NAR first began keeping track...
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For Sale By Owner Homes Sell for 14% Less – 2022 Report
November 29, 2021
In 2021, 90% of homeowners in the real estate market nationwide sold their home using a real estate agent or broker, according to the National Association of Realtors. That was on par with 2019-2020 and slightly lower than 2018 (91%). Only 7% of home sellers sold their homes For Sale by Owner (FSBO). For sale by owner homes sold for much less in 2021 than homes represented by real estate agents, 14% less, which we will explain here. For Sale By Owner Rates Have Dropped Consistently Over the Years The 7% of FSBO home sales in 2021 was down by 1% from 2020. The For Sale By Owner rate has been steadily dropping since the NAR first began keeping track...
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When most people think of adding an ADU to their property, they immediately think of rental income potential. Or maybe they simply want extra living quarters for a family member or for frequent guests. While having the ability to add more space and generate income is a bonus, did you know that having an ADU on your property also increases future resale potential an adds value to your overall property? Finding a Home for Sale with Additional Living Quarters is Easier than Ever Thanks to our patent-pending technology, Portlanders can search for homes that have ADUs on a dynamic real estate map. Our software indexes every word written about every property for sale in our local MLS, RMLS, and then...
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Portland Homes with ADUs Sell for 8% More – 2022 Report
November 26, 2021
When most people think of adding an ADU to their property, they immediately think of rental income potential. Or maybe they simply want extra living quarters for a family member or for frequent guests. While having the ability to add more space and generate income is a bonus, did you know that having an ADU on your property also increases future resale potential an adds value to your overall property? Finding a Home for Sale with Additional Living Quarters is Easier than Ever Thanks to our patent-pending technology, Portlanders can search for homes that have ADUs on a dynamic real estate map. Our software indexes every word written about every property for sale in our local MLS, RMLS, and then...
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Ever feel like you’re searching for a needle in a haystack while sorting through real estate listings? You know what you want. You know what you don’t want. But how do you find exactly what you’re looking for with so many options and when the market shifts and changes daily, sometimes hourly? We have the answer: our new dynamic Portland real estate map. In this article, we’ll show you what it does and what you can expect from it. But before we get to that, let’s first understand how VestorFilter™ has helped us create this amazing new and easy-to-use Portland real estate map. Here’s the most exciting part of the real estate map: Icons change size based on actual sq....
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A New, Dynamic Portland Real Estate Map
November 22, 2021
Ever feel like you’re searching for a needle in a haystack while sorting through real estate listings? You know what you want. You know what you don’t want. But how do you find exactly what you’re looking for with so many options and when the market shifts and changes daily, sometimes hourly? We have the answer: our new dynamic Portland real estate map. In this article, we’ll show you what it does and what you can expect from it. But before we get to that, let’s first understand how VestorFilter™ has helped us create this amazing new and easy-to-use Portland real estate map. Here’s the most exciting part of the real estate map: Icons change size based on actual sq....
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Portland is known for its eclectic style and personality, and that’s evident in the types of homes you see throughout the city. A person can track the city’s history by exploring Portland’s various neighborhoods and see how it has transformed over the years as a reaction to and reflection of the times. From the first log cabin built in downtown Portland by Asa Lovejoy and Francis Pettygrove in 1843 to the Victorians, Italiantes, and Queen Annes that followed on up through the Victorian Farmhouses, Colonial Revivals, and Dutch Colonials, the Craftmans and Foursquares and Ranches, Portland has always adapted and evolved to reflect the trends of the culture and the needs of its residents. While Portland continues to progress in...
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What is a Tudor Style Home in Portland?
November 19, 2021
Portland is known for its eclectic style and personality, and that’s evident in the types of homes you see throughout the city. A person can track the city’s history by exploring Portland’s various neighborhoods and see how it has transformed over the years as a reaction to and reflection of the times. From the first log cabin built in downtown Portland by Asa Lovejoy and Francis Pettygrove in 1843 to the Victorians, Italiantes, and Queen Annes that followed on up through the Victorian Farmhouses, Colonial Revivals, and Dutch Colonials, the Craftmans and Foursquares and Ranches, Portland has always adapted and evolved to reflect the trends of the culture and the needs of its residents. While Portland continues to progress in...
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Anyone who follows greater Portland real estate market trends knows that they tend to align with the seasons: things warm up in the spring and summer, cool down in the fall and winter. And that’s generally true for the Tigard real estate market right now. It’s always a good idea, though, to consider nuances to gain clear insight into what’s going on in a particular area and to consider where it all might lead in the coming months. Is the Tigard Real Estate Market Cooling Off? We consulted Fidelity.com and found that inventory has been increasing in Tigard since mid-spring which is typical for the area. Tigard Real Estate Inventory But while inventory has been increasing, time on market has...
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Tigard Real Estate Market Update and 2022 Forecast
November 15, 2021
Anyone who follows greater Portland real estate market trends knows that they tend to align with the seasons: things warm up in the spring and summer, cool down in the fall and winter. And that’s generally true for the Tigard real estate market right now. It’s always a good idea, though, to consider nuances to gain clear insight into what’s going on in a particular area and to consider where it all might lead in the coming months. Is the Tigard Real Estate Market Cooling Off? We consulted Fidelity.com and found that inventory has been increasing in Tigard since mid-spring which is typical for the area. Tigard Real Estate Inventory But while inventory has been increasing, time on market has...
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It’s no surprise that home prices in Portland have increased over that past 18 months due to the COVID-19 pandemic. Problems with low inventory and buyers wanting to leave urban areas (Portland suburbs prices have risen faster than the city proper’s) or create better work-from-home situations have driven up real estate in the entire metro area. This has also been true across the country. However, according to Forbes.com, home prices are starting to drop nationwide, citing increased inventory and buyer fatigue as causes. More likely though, this is just part of the normal season trends we see in the real estate market both locally and nationally every year. Let’s see how these factors have affected Portland and if we can...
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Portland Real Estate Market Update – November 2021
November 12, 2021
It’s no surprise that home prices in Portland have increased over that past 18 months due to the COVID-19 pandemic. Problems with low inventory and buyers wanting to leave urban areas (Portland suburbs prices have risen faster than the city proper’s) or create better work-from-home situations have driven up real estate in the entire metro area. This has also been true across the country. However, according to Forbes.com, home prices are starting to drop nationwide, citing increased inventory and buyer fatigue as causes. More likely though, this is just part of the normal season trends we see in the real estate market both locally and nationally every year. Let’s see how these factors have affected Portland and if we can...
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With more and more people in search of social distance, safety, and serenity after the onset of COVID-19, it’s no surprise many are fleeing the city and heading to the suburbs. Bethany, Oregon is one of the top ranked suburbs in Oregon on several fronts. Bethany is an unincorporated community in Washington County with both Beaverton and Portland zip codes. It’s a place where the city, the suburbs, and nature meet. Its draw must be powerful, because it’s seen a significant population increase from 20,646 in 2010, according to the U.S. Census Report to its current population of 26,501. We’ve looked into Bethany and found five reasons why people are flocking to this desirable, growing Portland suburb. 1. It’s a...
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5 Things You Didn’t Know About Bethany, Oregon
November 8, 2021
With more and more people in search of social distance, safety, and serenity after the onset of COVID-19, it’s no surprise many are fleeing the city and heading to the suburbs. Bethany, Oregon is one of the top ranked suburbs in Oregon on several fronts. Bethany is an unincorporated community in Washington County with both Beaverton and Portland zip codes. It’s a place where the city, the suburbs, and nature meet. Its draw must be powerful, because it’s seen a significant population increase from 20,646 in 2010, according to the U.S. Census Report to its current population of 26,501. We’ve looked into Bethany and found five reasons why people are flocking to this desirable, growing Portland suburb. 1. It’s a...
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What is RMLS? On this blog, I refer to RMLS a lot. RMLS stands for Regional Multiple Listing Service. Every region across the US has one (there are over 600 MLS systems in the U.S.), but RMLS is specific to Oregon and Southern Washington. While RMLS has existed since 1991, first serving only the Portland metro area and later merging with other counties in Oregon and into southern Washington, real estate MLS systems have been around for much longer. RMLS archives over 1.9 million listings, around 15,000 of which are active. Now, in 2021, 17,000 REALTORs have access to the RMLS. In the past, the public could search RMLS directly, just like agents, with a few features removed (in particular...
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Where did RMLS.com Go? What is a Real Estate MLS Good for?
November 5, 2021
What is RMLS? On this blog, I refer to RMLS a lot. RMLS stands for Regional Multiple Listing Service. Every region across the US has one (there are over 600 MLS systems in the U.S.), but RMLS is specific to Oregon and Southern Washington. While RMLS has existed since 1991, first serving only the Portland metro area and later merging with other counties in Oregon and into southern Washington, real estate MLS systems have been around for much longer. RMLS archives over 1.9 million listings, around 15,000 of which are active. Now, in 2021, 17,000 REALTORs have access to the RMLS. In the past, the public could search RMLS directly, just like agents, with a few features removed (in particular...
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