July 2018 Portland Housing Market Update


Monthly Housing Market Update

Click on the image below to view the July 2018 housing market update for the greater Portland area.

East Portland

West Portland
 

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Powder Rooms That Make a Statement

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Powder Rooms That Make a Statement by  Melissa Tracey  on May 18, 2015 More home owners are turning to the powder room to make a dramatic statement and packing in a lot of design into these often small spaces, according to the  2015 Houzz Bathroom Trends Study , a survey of more than 3,000 home owners about their bathroom remodeling plans. Nearly two thirds of powder rooms are less than 40 square feet, but home owners are finding they can still make these spaces attention-getting, whether with a trendy sink or flashy wallpaper. Home owners report that their powder room renovations are mostly driven by the desire to do cosmetic touches, and therefore, home owners are finding affordable, do-it-yourself upgrades to spice up the space. Most home owners say they want to upgrade their powder room because they want the design to make a bolder statement – a more popular response among home owners than for any other bathroom in the house, the survey finds. The powder...
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What Does a Successful Buyer Look Like?

What Does a Successful Buyer Look Like? July 18, 2018 Sure, there are housing shortages and rising home prices and interest rates, but some consumers just aren't fazed. Thirty-four percent of home buyers told realtor.com® they weren't being stopped by price and rate hikes. According to the newly released survey The Home of Home Search, based on responses from more than 1,000 consumers who closed on a home purchase in 2018, 42 percent of respondents only had to make one or two offers in their home purchase process. Fifty-one percent of buyers said they didn’t pay above asking price, and 28 percent said they paid less than what was listed. Danielle Hale, realtor.com®’s chief economist, says part of the reason for the sunny outlook is that the buyers who make it to the closing table are ready to roll with this challenging market. “Successful home buyers in 2018 have been exceptionally well-qualified,” she says. “We are seeing the impact of the inven...
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Owners Place High Value on Good Yards

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Owners Place High Value on Good Yards DAILY REAL ESTATE NEWS | THURSDAY, MAY 21, 2015 Don't underestimate the importance of a beautiful yard to home owners and their neighbors. 84 percent of adults say that the quality of a home's landscape and yard would affect their decision on whether to purchase a home or not, according to a new survey of more than 2,000 adults conducted by the National Association of Landscape Professionals. The majority of Americans want to live amid nice landscaping. The survey found that 91 percent of Americans believe it is important to live in close proximity to trees, grass, or nice landscaping. Midwesterners are the most likely to rate the importance of landscaping the highest (at 94%), followed by the West (89%) and Northeast (87%). "Across the board, the survey reveals that Americans deeply value surrounding natural elements and yards where they can spend time outside their homes," according to the National Association of Land...
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