Blog / 2014 / April

Living Small

April 28th, 2014

These days everywhere you look someone is talking, blogging, writing & yelling about living small, right next to your neighbors. From the IKEA showroom boasting a fully furnished home in 500 sq.ft. to a recent New York Times article about a woman happily living in her friends’ backyard in a mere 84 sq.ft. (Here). But what does that really mean?

The big idea is that high density living = good: good for a vibrant urban community, good for promoting local small business, good for the environment, etc…Some places, like New York City for example, have been practicing pro-high density …

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Posted in Making Your House a Home, Thoughts, Uncategorized | No Comments »


Portland Metro Market Action Report For March 2014

April 24th, 2014

“Real estate activity had a fine start the first quarter of 2014, although perhaps not as robust as 2013. The 8,113 new listings represent a 1.9% increase over the 7,963 new listings posted in the first quarter of 2013.There were 6,258 pending sales and 4,892 closings, down 3.2% and up 2.2%, respectively, from the 6,466 pendings and 4,789 closings posted in the first quarter of 2013.”
Source: RMLS

For the complete Market Action Report for the month of March, click here: http://www.rmlsweb.com/v2/public2/loadfile.asp?id=7738

 

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Interest Rates & Average Rates By The Decade

April 1st, 2014

Borrowers are often worried about rising interest rates as they rightfully should because it impacts their monthly payment and the overall house they can afford. However, those of us who have been in the business long enough know that these rising rates (projected to be above 5% in Q1 of 2015) are still a great deal! To put this in perspective, Freddie Mac has been tracking mortgage interest rates since 1971 and recently released this chart:

Decade
Average 30-year fixed mortgage rate
Approximate Payment (P&I) on a $200,000 Mortgage

1970…

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