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Dean Kirkland

Portland Real Estate Blog | The Turner Team Inc.

http://www.portlandrealestateblog.com/

Located in Portland

Last update: May 3rd, 2015 at 08:29 pm

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Your Portland Real Estate Experts

The February Case Shiller Index was just released this week. This report covers home price changes over 20 metropolitan areas and always has a 60 day lag. The latest data shows continued solid growth with a 0.68% monthly... Read More

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This guest blog post about the loan pre-approval process has been written by Shane Musselwhite of Guild Mortgage. If you have questions about the loan process or your specific situation, inquire with a trusted mortgage professional. I know...

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Your home is an investment. Home improvements, repairs, and renovations can add value to that investment. However, not all improvements are alike. Whatever your budget is, we want to offer you the projects that will yield the highest...

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The March 2015 RMLS Market Action report released Monday shows the Portland Metro housing inventory at 1.9 months!  It hasn’t been that low since September 2005. The number of homes listed has been rising over recent months but that is counter...

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You may have seen our Facebook post about real estate photography gone horribly wrong. That link gave many people a good chuckle, but can you imagine if it was your own home? Sadly, many real estate agents, for... Read More

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What does it take to purchase a home in today’s market? More than you might think. In addition to the effort to find a home with such low inventory, multiple offers are the new norm in certain areas... Read More

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Our latest infographic featuring the February Residential Review for the Portland Metro can be found below. As the data shows, the sales price saw a slight draft – though not significant for this time of year. The number of new...

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Whether you’re spring cleaning or just want to make life easier, here are ten home organization tips to make your life easier. These were originally provided through our monthly newsletter (subscribe here to get great tips monthly). With ideas...

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Since mid-September, the N Williams Corridor has been a haven for this construction activity, as the city improves the safety for this bicycle byway – a project three years in the making. The expected benefits should benefit those... R

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If you’ve decided that purchasing an investment property is right for you, the next step is to figure out what constitutes a good investment. You can check what we look for in an investment property here – the post is older, but the idea is the same. Once you know what type of property you...

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The latest RMLS Portland Market Action data was released last week, and our latest infographic is below. Two notable points in this data are the inventory level and the average sales price change. As the infographic notes, there was an increase in new listings and a decrease of closed sales compared to December 2014, which

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One reason it is recommended to get pre-approved for a mortgage early in the home buying process is to reduce barriers once you find a property. However, the pre-approval process is not a guarantee. While it is not common, there are occasions when a client has their home selected and is ready and willing to sign,

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Is Buying a Home Right for me? Buying a home used to be the default American Dream. The real estate market crash/bursting of the bubble changed the market to some extent. Whereas buyers that could afford $300,000 wanted to spend $350,000, and often could, today’s buyer might be able for afford $300,000 and only be...

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Are Portland distressed properties on the upswing? The current data, provided by RMLS and shown on the right, shows that the final quarter of 2014 revealed an increase in distressed homes – markedly in Bank Owned/REO properties. In September 2013, we wrote a blog about a downshift in Portland distressed properties 

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The RMLS Portland Market Action report recently released for December 2014 offers insight not just to last month, but as a year-in-review. Our most recent infographic (shown below) provides a visualization of the trends of the last three years. The main theme? It’s a seller’s market so buyers need to position t

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NBC Nightly News just aired a segment on mortgage interest rates and a renewed refi craze. 30 year rates are down from 4.5% this time last year to 3.81%. The experts crystal ball is that rate will remain low but now is the time to act if you are thinking about a refi. Does a...

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Before the year even started, 2015 was deemed the “Year of the First-Time Homebuyer.” If the latest changes to the FHA Mortgage Insurance Premium (MIP) is any predictor, this moniker is likely to ring true. The FHA mortgage insurance changes coming into effect on January 26, 2015 will save first time homebuy

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If you’re considering purchasing a home, you’re likely to be asked “have you been pre-approved?” For some, the answer is an easy “yes.” However, for others, it may leave you wondering what the fuss is about – especially if you’re in the “looking” phase. So, why

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The Environmental Protection Agency (EPA) has designated January as National Radon Action Month. If your home tested positive and you haven’t begun mitigation, or you have made recent changes to your home that may warrant re-testing, we encourage you to take this opportunity to take action. Portland radon issues are r

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What a difference a couple of years makes!  In February of 2011, I ran a search in RMLS that resulted in 4208 active listings in Portland.  441 of those were bank owned (REO) and 750 were short sales.  REOs made up 10.4 of the market and 17.8% were short sales. I ran the same search...

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RMLS Market Action for November was released yesterday and we have our new infographic ready!  The Portland real estate market has slowed some but we expect that with the holidays.  We typically expect to see fewer buyers and sellers in the market at this time of year but they are usually more motivated- it’s not...

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Case Shiller’s September 2013 housing report was released yesterday.  The two-month lagging report show that the Portland real estate market edged up from August.  The 160.18 is up less than a point but more importantly has rebounded 30 points from the March 2012 low of 129!  That means that the pool of underwater

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RMLS Market Action for October 2013 is hot off the press and it shows that housing inventory in the Portland Metro area dropped to 3.4 months.  Inventory was 3.7 months in September and 3.8 months this time last year. The average sales price is $314,100 which is a slight drop from September but up 13.5%...

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I got a call today from a home buyer asking if there are any view ordinances preventing neighbors from planting trees that will eventually block their view?  The answer would logically apply to an existing tree as well. I wasn’t entirely satisfied with my Google search to figure out the answer but I was leaning...

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We’re trying something new this month with September’s RMLS Market Action: an infographic (click the image to enlarge): Please note- image is copyrighted.  Feel free to share, please do not edit our contact info out or yours in.

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RMLS Market Action for the Portland Metro real estate market just went to to press.  Inventory, the ratio between the number of active listings and the number of closed listings, continues to hover around three months.  Previously, pundits have said that six months of housing inventory is the neutral point between buyer a

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Is the distressed property era over? In Portland, the answer appears to be, “yes” but keep reading as to why that’s not entirely true.  “Distressed Properties” are those that are either short sales or bank owned (also know as REO- Real Estate Owned)  In October 2011, I wrote that 20% of all a

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What’s my home worth? The answer is the foundation for intelligent decision making. No matter what type of evaluation is done, the result is a matter of opinion. There are three basic types of home valuations: Completely automated reports like those from Zillow (Zestimate), Trulia or our Market Snapshot, which is a Re

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July 2013′s RMLS Market Action was published yesterday.  Inventory remains tight and consistent at 2.8 months and other metrics are in positive territory as well.   The average sales price is $326,500 compare to $287,000 this time last year. Here’s a metric we’ve never looked at before: the ratio of acc

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The Portland Case Shiller Index continues its upward trajectory.  The latest report, March 2013, was released this morning.  Portland’s index has climbed to 145.52.  That’s a 16 point game from where the index was at this time last year!  The rapid increase borders on being a little scary but it also is a hu

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