If you need assistance, please call 503-353-6673

Get MORE with MORE Realty! Blog

Thursday, April 25, 2019   /   by Heather Bonney

Open Houses Can Still Pay Off, New Study Shows

Open Houses Can Still Pay Off, New Study Shows

April 24, 2019

If you're skeptical about the value of open houses to your time and your clients' wallet, you might reconsider, if you're in the right area.

Erol Ahmed - Unsplash

In certain metros, homes that have open houses tend to sell for more money and spend less time on the market, a new study from the real estate brokerage Redfin finds.
Homes with open houses sell, on average, for $9,046 more and spend seven fewer days on the market than homes without open houses, according to Redfin’s analysis, which compared sales-to-list-price ratios and times on the market of homes that had an open house within their first week on the market and homes that never had an open house. But researchers do offer a possible caveat: The premium may have more to do with the desirability of the house itself and the way it is marketed than the open house itself. ...

Read More

Thursday, April 18, 2019   /   by Heather Bonney

West Coast homebuyers are winning the bidding wars

As lackluster home sales push inventory growth in the nation’s housing markets, new data from Redfin suggests purchasing competition has begun to ease in nearly every metro across the country.
According to the company, 56% of Americans who purchased a home in the first quarter of 2019 closed on the very first home they made an offer on. Not only is this up from 52% in 2018, but it also marks the highest first-offer success rate in the last three years.
“Last year homebuyers had to pull out all the stops to land a home in competitive West Coast markets, but this year there are more homes for sale and the odds are more in the buyer’s favor,” Redfin Chief Economist Daryl Fairweather said. “In San Jose, the market has dramatically slowed from a year ago, and it’s actually now easier to get an offer accepted in San Jose than in many other parts of the country.”
Redfin notes that the West Coast, which was home to last year’s most compe ...

Read More

Tuesday, April 9, 2019   /   by Heather Bonney

Mortgage applications surge thanks to plummeting interest rates

MBA: Mortgage applications surge thanks to plummeting interest rates

The recent precipitous drop in interest rates drove a sizable increase in mortgage applications for the week ending on March 29, 2019, according to the newest data from the Mortgage Bankers Association's weekly Mortgage Applications Survey.
On an unadjusted basis, the Market Composite Index climbed a whopping 18.6% from the previous week.
MBA Vice President of Economic and Industry Forecasting Joel Kan said there was a tremendous surge in overall applications activity, as mortgage rates fell for the fourth week in a row – with rates for some loan types reaching their lowest levels since January 2018.
“Refinance borrowers with larger loan balances continue to benefit, as we saw another sizeable increase in the average refinance loan size to $438,900 – a new survey record,” Kan continued. “We had expected factors such as the ongoing strong job market and ...

Read More

Friday, April 5, 2019   /   by Heather Bonney

To-Dos: Your April Home Checklist

With lengthening days and milder temperatures in many parts of the country, April is a wonderful time to freshen up the home inside and out. To get sparkling windows, a clutter-free garage and more, here are 16 tasks to make the most of the first full month of spring.

Things to Check Off Your List in an Hour or Less
1. Keep mosquitoes at bay. Having warmer weather and longer days means we’re entering mosquito season. Take preventative measures by regularly checking your property for standing water and emptying it. Any open containers (empty flowerpots and saucers, a wheelbarrow) can become mosquito breeding grounds when filled with rainwater, so store items like these upside down or in a shed.
2. Inspect paths and driveway. Repeated freezing and thawing can take a toll on asphalt and concrete. Check your driveway and paths for cracks, scheduling repairs as needed.

3. Clean out trash cans and recycling bins. Take empty cans outside and spray them with a hose to ...

Read More

Tuesday, April 2, 2019   /   by Heather Bonney

Interest rates haven't been this low since January 2018!

Hello refis? Mortgage rates just had the largest one-week drop in 10 years

Just over six months ago, it appeared that refinance demand had all but dried up thanks to mortgage interest rates that were pushing past 4.5%.
But my how the tables have turned.
According to newly released data from Freddie Mac, mortgage rates just experienced the largest one-week decline in a decade, and are now trending back toward percentages that begin with “3” instead of “4.”
Freddie Mac’s report showed that the 30-year fixed-rate mortgage averaged 4.06% in the last week, a massive drop of 22 basis points from the previous week’s total of 4.28%.
That’s the largest single-week decline in 10 years. In fact, mortgage rates are now at their lowest point since January 2018. One year ago, mortgage rates averaged 4.4%.
To repeat, mortgage rates haven’t been this low in well over a year. Just a few weeks ago, mortgage rates were at 4.41%. But levels that ...

Read More

MORE Realty
16037 SW Upper Boones Ferry Rd Ste 150
Portland, OR 97224
MORE Realty, Inc
4400 NE 77th Ave Suite 275
Vancouver, WA 98662

Office: 503-353-6673

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS(TM) of Portland, Oregon. Real estate listings held by brokerage firms other than are marked with the RMLS(TM) logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © RMLS(TM), Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated 5/23/2022 10:57 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2021 NWMLS.
Properties with the NWMLS icon are courtesy of Northwest MLS.
This site powered by CINC: www.cincpro.com