A report from the News & Observer. "Summer has warmed up in South Carolina, but…
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From the first 2:51 video:
Portland Metro Real Estate – Average Sale Price is UP $24,000 this Week. Are we Still in the Red?
Ron Milligan
Mar 30, 2023
Rates for the 30-year fixed are at 6% (at this very minute). It feels like our Spring buying season hasn’t yet kicked into gear as our wacky economy continues to throw us curve balls. Can we see any trends forming with Portland real estate? I think so!
Do you want to know the very latest in Portland Oregon’s real estate market? You’re in the right place. This is the channel for the most current updates on the health of the entire Portland Oregon metro area – including Southwest Washington.
Chapters:
00:00 Intro
00:21 Average Sale Price
01:00 Supply/Inventory
01:38 Demand/Buyer Activity
02:21 Foreclosure Numbers
02:38 The Wrap-Up
The second 8 minute video:
Mortgage Relief Proposed for Struggling Home Owners
Mark Mitchell – Mortgage Broker London Ontario
Mar 31, 2023
The Financial Consumer Agency of Canada (FCAC) is proposing permanent mortgage relief for Canadian mortgage borrowers who are struggling with increased interest rates.
The FCAC is proposing that holders of both variable, and fixed rate mortgages be offered extended amortizations at the time of renewal if they can demonstrate ‘exceptional circumstances’ – stemming from higher household debt, a higher cost of goods (inflation) and increased interest rates.
Portland Metro Real Estate – Average Sale Price is UP $24,000 this Week.
Further proof that people are stupid and insane.
extended amortizations
Bye Bye retirement.
W Financial takes over Upper East Side site from HFZ
The Real Deal|22 hours ago
The nation’s banking crisis could create an opportunity at an Upper East Side development site. W Financial snapped up the assemblage, at the corner of 79th Street and Lexington Avenue, through a foreclosure sale in February after developer HFZ defaulted on a $43.
Egypt Jumbo Hike Too Small to Beat Inflation, Bond Buyers Say
Bloomberg L.P.|21 hours ago
Egypt’s 200 basis-point interest rate hike has not satisfied bond investors who say the central bank must do more if it is to vanquish inflation and revive flagging financial market flows.
Sweden’s Builders Fear Protracted Slump as Housing Falters
Bloomberg L.P.|19 hours ago
Sweden’s construction industry may be facing years of drought as investment in housing plummets in the wake of steep price declines and rising costs of building new homes.
A Real Estate Crunch in the Heart of Europe
Bloomberg L.P.|18 hours ago
As the crisis in real estate rages on, some of Germany’s largest landlords were dealt a succession of hammer blows this week in the form of short seller attacks
Alarms bells are ringing over European real estate stocks
The Star|10 hours ago
Globally, almost US$175bil (RM771bil) of real estate credit is already considered “distressed,” Bloomberg reported earlier this year. “In Europe, investors have not perceived real estate as an inflation hedge and have focused on companies which are …
Multnomah County lost residents faster than any other Oregon county
Seattle Times|20 hours ago
Multnomah County’s population loss is one of the steepest in the U.S. among the nearly 100 highly-populated counties, according to the Census Bureau.
Where did everybody go? Twin Cities shrink as suburbs grow in first years of pandemic
TwinCities.com|9 hours ago
He expects movement out of cities to slow, as long as housing costs cool and more companies bring workers back to the office, at least part-time. As to what’s driving people away from the big cities, DeWaard points to research by Stephan D. Whitaker at ..
Roku to shed real estate holdings following layoffs
The Real Deal|16 hours ago
The latest measure will result in a charge of between $30 million and $35 million, mostly due to real estate severance costs … Roku reported that its net loss more than doubled last year to $498 million despite a 13 percent rise in net revenue to …
Sonida Senior Living reports $16M net loss, issues going concern about operations
The Business Journals|21 hours ago
After reporting its loss, Sonida Senior Living is preparing initiatives to ease operations throughout the rest of the year.
Why Schwab, a Financial Giant, Got Hurt in the Regional Banks Panic
The New York Times|9 hours ago
In a recent note to customers, employees and investors … Still, the unrealized losses — largely in mortgage-backed securities and Treasuries — were enough to spook investors. Schwab’s stock closed on Friday at $52.38, down from $76.20 on March
Intel Layoffs Are A Sign Of Poor Management
Forbes|22 hours ago
Such a massive, top-down layoff by any corporation always makes me wonder what’s wrong with the company. Certainly circumstances change and reductions in workforces are required. But why not a
Swiss bankers forgot they’re meant to be boring
The Star|12 hours ago
Any investor who followed closely the flow of dirty linen spilling … Credit Suisse’s customers are understandably angry and casting about for who to blame. The president of the Swiss banking regulator rejected the suggestion that it didn’t intervene …
Fed’s Williams: ‘Magnitude and duration’ of bank crisis impacts uncertain
AOL|15 hours ago
New York Fed President John Williams said Friday inflation remains a top concern and that he’s carefully watching credit conditions in the wake of a bank crisis that saw three U.S. banks fail this month. “Stresses in parts of the banking system are likely …
Multnomah County lost residents faster than any other Oregon county
Seattle Times|20 hours ago
Multnomah County’s population loss is one of the steepest in the U.S. among the nearly 100 highly-populated counties, according to the Census Bureau.
How does this reconcile with Portland prices rising?
From the first 2:51 video:
Portland Metro Real Estate – Average Sale Price is UP $24,000 this Week. Are we Still in the Red?
Ron Milligan
Mar 30, 2023
Rates for the 30-year fixed are at 6% (at this very minute). It feels like our Spring buying season hasn’t yet kicked into gear as our wacky economy continues to throw us curve balls. Can we see any trends forming with Portland real estate? I think so!
Do you want to know the very latest in Portland Oregon’s real estate market? You’re in the right place. This is the channel for the most current updates on the health of the entire Portland Oregon metro area – including Southwest Washington.
Chapters:
00:00 Intro
00:21 Average Sale Price
01:00 Supply/Inventory
01:38 Demand/Buyer Activity
02:21 Foreclosure Numbers
02:38 The Wrap-Up
The second 8 minute video:
Mortgage Relief Proposed for Struggling Home Owners
Mark Mitchell – Mortgage Broker London Ontario
Mar 31, 2023
The Financial Consumer Agency of Canada (FCAC) is proposing permanent mortgage relief for Canadian mortgage borrowers who are struggling with increased interest rates.
The FCAC is proposing that holders of both variable, and fixed rate mortgages be offered extended amortizations at the time of renewal if they can demonstrate ‘exceptional circumstances’ – stemming from higher household debt, a higher cost of goods (inflation) and increased interest rates.
Portland Metro Real Estate – Average Sale Price is UP $24,000 this Week.
Further proof that people are stupid and insane.
extended amortizations
Bye Bye retirement.
W Financial takes over Upper East Side site from HFZ
The Real Deal|22 hours ago
The nation’s banking crisis could create an opportunity at an Upper East Side development site. W Financial snapped up the assemblage, at the corner of 79th Street and Lexington Avenue, through a foreclosure sale in February after developer HFZ defaulted on a $43.
Egypt Jumbo Hike Too Small to Beat Inflation, Bond Buyers Say
Bloomberg L.P.|21 hours ago
Egypt’s 200 basis-point interest rate hike has not satisfied bond investors who say the central bank must do more if it is to vanquish inflation and revive flagging financial market flows.
Sweden’s Builders Fear Protracted Slump as Housing Falters
Bloomberg L.P.|19 hours ago
Sweden’s construction industry may be facing years of drought as investment in housing plummets in the wake of steep price declines and rising costs of building new homes.
A Real Estate Crunch in the Heart of Europe
Bloomberg L.P.|18 hours ago
As the crisis in real estate rages on, some of Germany’s largest landlords were dealt a succession of hammer blows this week in the form of short seller attacks
Alarms bells are ringing over European real estate stocks
The Star|10 hours ago
Globally, almost US$175bil (RM771bil) of real estate credit is already considered “distressed,” Bloomberg reported earlier this year. “In Europe, investors have not perceived real estate as an inflation hedge and have focused on companies which are …
Multnomah County lost residents faster than any other Oregon county
Seattle Times|20 hours ago
Multnomah County’s population loss is one of the steepest in the U.S. among the nearly 100 highly-populated counties, according to the Census Bureau.
Where did everybody go? Twin Cities shrink as suburbs grow in first years of pandemic
TwinCities.com|9 hours ago
He expects movement out of cities to slow, as long as housing costs cool and more companies bring workers back to the office, at least part-time. As to what’s driving people away from the big cities, DeWaard points to research by Stephan D. Whitaker at ..
Roku to shed real estate holdings following layoffs
The Real Deal|16 hours ago
The latest measure will result in a charge of between $30 million and $35 million, mostly due to real estate severance costs … Roku reported that its net loss more than doubled last year to $498 million despite a 13 percent rise in net revenue to …
Sonida Senior Living reports $16M net loss, issues going concern about operations
The Business Journals|21 hours ago
After reporting its loss, Sonida Senior Living is preparing initiatives to ease operations throughout the rest of the year.
Why Schwab, a Financial Giant, Got Hurt in the Regional Banks Panic
The New York Times|9 hours ago
In a recent note to customers, employees and investors … Still, the unrealized losses — largely in mortgage-backed securities and Treasuries — were enough to spook investors. Schwab’s stock closed on Friday at $52.38, down from $76.20 on March
Intel Layoffs Are A Sign Of Poor Management
Forbes|22 hours ago
Such a massive, top-down layoff by any corporation always makes me wonder what’s wrong with the company. Certainly circumstances change and reductions in workforces are required. But why not a
Swiss bankers forgot they’re meant to be boring
The Star|12 hours ago
Any investor who followed closely the flow of dirty linen spilling … Credit Suisse’s customers are understandably angry and casting about for who to blame. The president of the Swiss banking regulator rejected the suggestion that it didn’t intervene …
Fed’s Williams: ‘Magnitude and duration’ of bank crisis impacts uncertain
AOL|15 hours ago
New York Fed President John Williams said Friday inflation remains a top concern and that he’s carefully watching credit conditions in the wake of a bank crisis that saw three U.S. banks fail this month. “Stresses in parts of the banking system are likely …
Multnomah County lost residents faster than any other Oregon county
Seattle Times|20 hours ago
Multnomah County’s population loss is one of the steepest in the U.S. among the nearly 100 highly-populated counties, according to the Census Bureau.
How does this reconcile with Portland prices rising?