Don’t Let The Economic Headlines Scare You Away!

Filed Under Real Estate · Tagged:  

Some facts and figures you may want to  consider…
As the economy recovers, finance costs will rise, so playing the waiting game may not pay off.

Today Cost In 12 Months?

$218,900 $197,010
Typical Home Price

Put 20% down and get a                           If prices drop and
30-year fixed-rate mortgage                     additional 10%

5.5%                            6%

Current rates after                  Interest rate                    Recession ends, &
the Fed starts to
recent declines                                                                      raise rates


$994.31 Monthly Payment $994.94

Source: Lending Tree

How Does This Effect You?

If you wait another year to buy, your payments would essentially be the same, and you would still be dreaming instead of enjoying your new home or lifestyle.

St. Patick’s Day in Portland

Filed Under Portland · Tagged:  

The Green Room
2280 NW Thurman
(503) 228-6178
Owned by a native Dubliner, this pub promises an annual St. Paddy’s Day party that’s not to be missed
$10 cover

Biddy’s McGraw Irish Pub
6000 NE Glisan St
(503) 233-1178
Features a dozen bands cranking out Irish jigs, ballads, etc.
$5 – $10 cover

Kells Irish Pub
112 SW Second Avenue
(503) 227-4057
March 14-17
Portland’s biggest St. Paddy’s Day party. Check it out!
cover ranges from $10 to $20

Portland Real Estate Market Leading the Way Nationwide

Filed Under Portland, Real Estate · Tagged:  

“Wherever you look, things look bleak,” says Robert Shiller, co-creator of the S&P/Case-Shiller home-price indexes. Home prices fell 8.9% in the fourth quarter of 2007, compared with the fourth quarter of 2006.

As covered in The Digest, Miami was the hardest-hit major city, with an 18% annual decline in 2007. Las Vegas, Phoenix, and San Diego house prices all fell 15%.

Charlotte, Portland, and Seattle are the only three metro areas measured by the Case-Shiller index that still haven’t experienced year-over-year price drops.