All Blog Entries by Rick Sadle 
There are currently 5 blog entries published by Rick Sadle.
Lake Oswego Real Estate Statistics
Friday, November 12th, 2010 at 11:59am. 1123 Views, 0 Comments.
Some interesting market stats from the Lake Oswego Real Estate Market.
|
Number of Active Listing |
Number of Pending Listings | Pending Ratio | Months of Inventory | Average Sale Price of Sold Homes | List to Sales Ratio |
|---|---|---|---|---|---|
|
930
|
118
|
12.7%
|
7.9
|
$473,349
|
95%
|
What this means is that the averge home sold for 95% of list price and that with the "pending ratio" about one in every 10 homes sell each month. The average sale price in Lake Oswego is almost $475,000. This is for the period ending November 11th 2010.
See a complete list of Homes for sale in Lake Oswego.
Portland Mortgage News
Friday, October 29th, 2010 at 1:10pm. 4656 Views, 0 Comments.
Big Week Ahead
Ahead of next week's FOMC meeting and election results, mortgage rates have been very volatile. Rising rates early in the week were partially offset by improving rates later in the week. In the end, mortgage rates finished the week just a little higher.
At its next meeting on Wednesday, the Fed is expected to announce a new program to purchase Treasury securities (quantitative easing) to boost the economy. Based on comments from Fed officials, investors expect the Fed to purchase roughly $100 billion of Treasury securities per month. However, the most important question, the total size of the program, is still not known, and investors are very divided in their predictions. The middle ground of the forecasts calls for the Fed to…
Fannie Mae to Pursue Deficiencies
Friday, July 16th, 2010 at 11:48am. 451 Views, 0 Comments.
Apparently the word on the street is that Fannie Mae plans to make it harder to "strategically default". Many homeowners who are "upside down" (owe more than their home is worth) are just walking away. This is a big no no according to Fannie Mae. The mortgage giant plans to sue to recoup losses from people who don't try to work with their lenders to pursue some kind of workout first (loan modification, short sale, deed-in-lieu) and don't have any extenuating circumstances. Not only that, but they are saying that people in that situation won't be abe to get a new Fannie loan for 7 years.
Now, law suits may not be possible depending on state laws. Questions on whether this is possible should be put to an attorney, but Fannie is definitely trying to make…
Closed Sales Up 77.2%!!!
Wednesday, April 28th, 2010 at 3:51pm. 479 Views, 0 Comments.
According to RMLS (our local MLS), closed sales were up 77.2% in March 2010 versus Feruary 2010. I have a sneaking suspicion that this is due to the first time homebuyer tax credit getting ready to expire.