RoseCityRE

RMLS just released July’s Market Action and, as I predicted, it looks quite a lot like last month’s.  The feeling around town is that the market has “found itself”, for lack of a better term.  While we clearly aren’t in the middle of a bustling real estate season, we certainly should find some joy in [...]

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http://money.cnn.com/2008/07/13/news/economy/indymac_fdicstatement/index.htm?cnn=yes The FDIC says that despite their takeover of IndyMac bank, customers’ money is safe as it ever was.   That’s the rosy picture, anyway.  Traditional accounts are federally insured up to $100,000 while some other types of accounts, mutual funds, annuities and the like, are possibly not insured at all.  In my opinion, it will take [...]

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I don’t usually paste entire articles without comment, but these next two posts are really important.  Here you go: http://money.cnn.com/2008/07/13/news/economy/fannie_freddie_sunday/index.htm?postversion=2008071318   NEW YORK (CNNMoney.com) — The Treasury Department and Federal Reserve on Sunday outlined a comprehensive government plan to prop up Fannie Mae and Freddie Mac - the two mortgage finance giants that play a crucial role in [...]

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For going on four years I’ve held a bi-weekly home buying workshop, Home Buying 101 - Demystifying the Home Buying Process. For most of that time I could pretty much guarantee that a class would be held, whether there were ten participants or two. Month after month the workshop went off without a hitch. During [...]

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The Oregonian today published reports that Portland home prices dipped nearly 4% in March.  The figures, provided by Case-Shiller, seem to be fairly in line with local reports from RMLS, who showed a similar decline for April 2008 vs April 2007.  If it wasn’t obvious before, it definitely has become clear that local housing is [...]

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