Housing Market & Wall Street

Wall Street is speaking loudly as fear has gripped sophisticate investors selling off equities in response to the shrinking global economy. OK, so we are not in a technical recession but I believe that is only technical distinction and political wordplay. From what I see Oregon and the US are experiencing some serious stagflation.

As a Real Estate Broker that specializes in Short Sale Transactions I see the effects of the “recovery” close up and personal. There is no recovery, or least not until there is some major changes in the way we as a nation go about our daily business..

Portland Housing Recovery???

It seems unlikely that we will experience a Portland Housing Recovery in the near future, not yet at least. Not with government spending where it is and no political spine to fix it. Debt is one thing but our nation and Oregon keep spending like there is no tomorrow. Well tomorrow is here and now. If our debt was stable we would not have received a down graded credit rating from S&P. S&P did not have a problem with our nations debt, the problem was we keep adding to it at an alarming rate. Bottom line is our nation and the great state of Oregon have to cut spending and as much as i hate to say it they both need to raise taxes.

Portland Housing: The Good News

Sooner or later and I think sooner rather than later, inflation will overcome the home value decline and prices will return to the 2005 levels. Gas might cost you six bucks a gallon but at least you could sell your home for what is against it. But until that happens Oregon Short Sales and foreclosures will continue.

Where is all this going? More foreclosures and more short sales. Even as the Fed implements Quantitative easing HUD will still have their hands full without the creation of real jobs and across the board governmental spending cuts.

If you need a short sale in Portland Oregon then you deserve a team who is experienced and can get the job done right.

The stock markets downward spiral is not helping buyer sentiment much and the weak jobs reports compounds the resistance to buy as fear of losing a job is real. With the stock markets’ mercurial rising and falling those consumers with disposable income and perhaps even the desire to purchase a home are often convinced otherwise by negative media stories, dwindling stock portfolios and lack of security in investments in general. Many purchasers wish to buy below fair market value in order to hedge against the possibility of further price declines making short sales and foreclosures front page news.

The global market fears of debt accumulated by European countries continue to haunt equity markets. This is good news for bonds as mortgage rates as we have record low interest on new and re-financed mortgages. You would think more buyers would enter the market but many household’s wealth has wiped out by declining home values and the equity markets.

Investors are present in the buyer field but there are only so many of them in total number. Even with home values expected to drop another 5% before years end it is still a great time to buy a home especially a Tigard Oregon Short Sale.

The number of deals gone bad nationally or terminated transactions has risen to 16% with many of them being cancelled at the last minute.

The bottom line is; as Tigard Short Sale Agents we continue to stay busy and are maintaining our exceptional National Rating as Short Sale / Foreclosure Resources Agents

Buyers, would-be investors and housing speculators in today’s housing market face
considerable obstacles when considering the purchase of a home. Factors which are
causing many well-qualified buyers pause include fears regarding job security,
concerns about the stability of home values, the health of the general economy,
fears of rising mortgage interest rates and the unsure footing of Wall Street
Investments such as stocks and bonds all coalesce to make one unsure if now is the
right time to commit to such an important purchase decision. All these factors are
in addition to exorbitant property taxes on many desirable properties. Further
confounding reason is the undeniable fact that property taxes almost always outstrip
a home’s actual retail value; thus making high taxes a point of contention turning
many buyers away from otherwise sound investments. High property taxes have
combined with tightening mortgage lending standards and push many would-be buyers
back into the ranks of renters. Faring little better, many landlords are finding it
difficult to compete against strong values offered by distressed properties located
in outlying areas creating islands of sorts in more affluent and centrally located
neighborhoods.

House Flipping

Also frustrating to many is the continued popularity of “House-Flippers” who are
buying up many distressed sales needing only minor or cosmetic repairs or updating
only to market them at a considerable markup. The other part of flipping houses
involves subdividing lots and eliminating valuable features such as garages in favor
of constructing unattractive, more vertical housing immediately adjacent to existing
structures in an effort to increase profits by paying for much of the build through
the sale of the existing house on a much abbreviated parcel of land. Only time will
tell what the net result of these many factors influencing housing will have on a
grand scale but in spite of all this one thing remains certain: in any market there
are good deals as well as those worth passing over.

With so much emphasis placed on the great deals available on housing at least some
attention to the situation of baby-boomer generation home owners caught up in the
housing crisis. In some cases reduced equity in the Portland Housing Market has reached the point to leave some
people nearing retirement with greatly reduced net worth to the level of making them
unable to retire. Further complicating the situation are reduced values of stock
and bond portfolios including corporate and private retirement accounts. Corporate
retirement funds that invested heavily in mortgage backed securities during the
housing boom are now struggling to stay out of the red and have been inundated in
the flood of bad mortgages. One silver lining to this storm-cloud of impending
financial ruin is the fact that those with positive equity now have the opportunity
to purchase Portland, Oregon properties at the greatly discounted prices available in the distressed
housing market.

Another consolation is the fact that many retirement areas are now much more
affordable; thereby opening up many markets to buyer who could previously not afford
to purchase there. Also, for those in a strong equity position reduced value may
not matter as much in that even though sellers won’t get as much for their home they
can in turn purchase another home and realize equal if not greater savings. In
closing it appears that although many people have lost considerable wealth and net
worth opportunities to save big certainly exist in abundance.

Get Answers From A Short Sale Foreclosure Certified Realtor: 503-473-8001

Real Estate Broker Licensed in Oregon.

We are Brokers Licensed in the State of Oregon experienced as short sale
negotiators. If you want rid of excessive mortgage payments call us to discuss your
options. We use real-world examples from successful transactions to help our
clients get an idea of what to expect from the short sale process and what actions
the bank is likely to take. We serve the Portland Metro Area including Southeast
Portland neighborhoods such as Mount Tabor, Belmont, Hawthorne, Sellwood, East and
West Moreland as well as Northeast areas like Piedmont, Alberta, Mississippi,
Alameda and many more. On the West side we service Northwest Portland including the
Pearl District, The South Waterfront, Raleigh Hills, Tigard, Tualatin, West Linn and
Lake Oswego as well as Beaverton and Hillsboro. No matter what part of the Metro
Area, our team of seasoned short sale agents will get the job done.

Experienced Portland Real Estate Brokers

The Banks have Professional Negotiators on their side so make sure you have a
Professional and Experienced Broker Team Representing you. Not only are we
experienced real estate agents; we also have the backing of Oregon Realty Company and its 63 years of serving Oregon Clients. We look forward to assisting you with
all your short sale questions, concerns and needs.

best regards,

Get Answers From A Short Sale Foreclosure Certified Realtor: 503-473-8001

Real Estate Broker Licensed in Oregon.

We help homeowners faced with negative equity to sell their house and avoid
foreclosure. The Federal Government has protections in place for Oregon homeowners
who complete short sales on their primary residences. It should be noted that
investment property, cash-out second mortgages and home equity lines of credit often
fall under different guidelines. To learn more about what your rights are as a
homeowner refer to the IRS Website on Mortgage Debt Relief and cancellation
(http://www.irs.gov/individuals/article/0,,id=179414,00.html). And, when you’re
ready be sure to call us to discuss your options with a Broker licensed in the State
of Oregon who is also a Short Sale & Foreclosure Certified Realtor.

Reasons To Consider Short Sales

Reasons many owners consider short sales include negative equity, job transfer or
career relocation, reduced income, increased living expenses, change in marital
status, excessive debt among many other financial hardships. Other owners are just
tired of barely scraping by and want rid of high mortgage payments on a house that’s
under-water on it’s loan. Whatever your motivation be sure to contact us so we can
put our experience as Portland Short Sale Realtors to work for you.

For home owners behind on their mortgages nothing is more stressful than a Notice of Default or a looming foreclosure auction date. Other home owners are faced with the choice between relocating for work and having to live in another state and staying in Portland and then not having a job to pay the mortgage.

Oregon Foreclosure Process

If you have questions about the foreclosure process in Oregon or if you’d like to find out more about short sales and how an experienced Real Estate Broker Team can help you then don’t hesitate to call. We’re licensed in the State of Oregon (Brokers Licensed, State Of Oregon) and we work for Oregon Realty Co. With over 63 years in business, Oregon Realty Co prides itself on quality service with the client’s needs in mind.

Get Short Sale Answers Immediately:

503-445-6104

Get Short Sale Answers Immediately:
503-445-6104

Portland Realtors, Short Sale Agents

Southeast Portland Realtors

Experienced Short Sale Realtors serving Southeast Portland, Oregon. Experience matters, chances are we have successfully closed short sales with your bank already and can use past positive outcomes to help our clients with winning strategies and techniques that have proven successful. Many home owners need to sell due to:

Reasons Homeowners Consider Short Sales

• job relocation/transfer
• excessive mortgage payments
• debt reduction
• needing to downsize
• divorce
• increased living expenses

Our clients often need to relocate to another city in order to find work; in these cases the owners shouldn’t have to support a mortgage payment in Portland while working across the country. The great news is we’ve helped many clients successfully complete relocation short sales throughout the Greater Portland Area. In some cases home owners having to move for work can even be approved for federal incentive programs such as HAFA which come with moving assistance money at closing.
Call us to learn more about HAFA and other excellent programs.

Southeast Portland Short Sale Realtors

We’re proud to serve the many neighborhoods and communities that make up the Metro Area. And, while we serve all of the Metro Area today we’re focusing on SE Portland Neighborhoods that we serve including:

• Mount Tabor Neighborhood
• Belmont Area, Buckman Neighborhood
• Hawthorne District
• Sellwood Neighborhood

Get Short Sale Answers Immediately:
503-445-6104

Stocks, S & P 500 Posts Largest Loss Since February, 2009

Economic fears are cited as the reason for today’s landslide loss in US Stock Markets. The Standard & Poor’s 500 Index saw its biggest loss since February 2009 prompting many to question what affect this will have on the United States and World Economies as a whole and also how the housing market will be affected. At the end of trading for Thursday August 4th, 2011 only three stocks posted gains out of the 500 stocks monitored by the S & P showing just how widespread the loss is. Fears are rising that the equity driven bull-market of this year’s spring has faltered and perhaps come to an end.

More Info

Housing Stocks Down

Construction Services Companies such as DR Horton (DHI) saw stock prices decline -6.93% in today’s trading while others in the industry fared little if at all better. With questions about how much longer home mortgage interest rates can stay so low many industry insiders including Builders and Real Estate Brokers fear a double-dip in terms of home values and the sustainability of the housing recovery. For many Americans the real problem is increasing cost-of-living and long unemployment lines. After all, what good is a great deal on a house if you don’t have an income? Thus, many of the excellent values presented by short sales, REO (Real Estate Owned) Bank Foreclosures and other distressed sales don’t find buyers quickly because more buyers are finding it difficult to qualify for a mortgage.

Housing Market Portland

The Portland Housing Market is experiencing a mix of conditions with certain areas being in the short-term comparatively stable (such as Lake Oswego, Oregon) while other outlying areas such as Damascus, Oregon are seeing increased time on market and a decreasing pool of well-qualified buyers. What this means in the long-run may only become clear after the fact.

Short Sale Negotiators Portland Oregon

Portland Short Sales have come to the foreground for many Portland, Oregon Home Owners. Factors such as reduced equity, corporate budget cuts, job transfers and career changes have all reduced the incentive for property owners to make excessive mortgage payments. Short Sale Negotiators in Portland Oregon are licensed Real Estate Brokers in the State of OR who assist home owners throughout the State with getting an offer on the property and presenting that offer and short sale package to the appropriate financial institution.

Realtors | Portland Short Sales

Portland Short Sale Realtors

The unsettled Portland Housing Market as well as the National and International economic situation has left many Portland Property Owners with reduced or negative equity. Portland Short Sale Realtors assist by listing and selling properties for less than is owed while submitting the paperwork to the bank and helping throughout the process. Use an Experienced Short Sale Realtor in Portland so you get the best service and the most repeatable results possible.

Portland Short Sales | Negotiators, Realtors, Agents