Here’s a collection of last month’s sales data for the areas served by RMLS. I hope you find it helpful.

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Please note, the arrows in the trends table only showcase numbers going up or down - NOT whether or not the trend is beneficial, as this is determined based on perspective.

SW Washington Report (Clark & Cowlitz) (click here to read report)

The Sweet Spot - Prices That Get The Most Traction

Cowlitz County

Portland Metro, OR Sales Report (click here to read the report)

The Sweet Spot - Prices That Get The Most Traction

Polk and Marion Counties Sales Report (click here to read the report)

The Sweet Spot - Prices That Get The Most Traction

If you would like to see any other reports for Baker County, Columbia Basin, Coos County, Curry County, Douglas County, Grant County, Josephine County, Lane County, Mid-Columbia, North Coastal Counties, Union County, or Wallowa County, please give me a shout, and I can send them to you. 

Another insightful tool to view areas include Altos Reports:

Click here for the report of Vancouver, WA 98682. Once this loads you can enter another zip code to see that area. Very insightful.

Some market snapshots:

Homes priced BELOW $400,000 in SW Washington. Click here to see that info.

Homes priced BELOW $400,000 south of the Columbia River. Click here to see that info.

FAIRVIEW VILLAGE, WA is an anomaly in the area, holding prices higher. This is a 55+ community. Click here to see the info.

LONGVIEW / KELSO area is still attractive for families looking for starter homes. Click here to see that info.

PORTLAND-METRO & SW WASHINGTON single-family homes with at least 3 bedrooms, 1.5 baths, at least 0.75 acres, and a maximum of $850,000. Click here to see that info.

To get your home value and a market report sent to your email each month or of your neighbor's house, instantly, then click here.

Mortgages: 

Remember, not every Loan Officer is created equal. Because rates matter! Offering competitive pricing from 12 lenders.

Lender specials right now (these can change at any time):

• Refinancing rate and term options (no cash out):
  • Get a 90bps pricing incentive on conventional, jumbo, FHA and USDA rate and term refinances, FHA Streamlines, VA IRRRLs:
    • New locks until September 16
    • Primary, second and investment homes – all loan terms.
    • Exact Rate, Flex Term and Custom Rate Lock allowed
    • New Construction & Non-QM not eligible.
• Down-Payment-Assistance is available in both Oregon & Washington.
  • DPA funds may be used for up to 100% of the borrower’s cash requirement to close, including down payment, closing costs, pre-paid items, upfront borrower-paid mortgage insurance, and other related loan fees and expenses. 
  • Each program sets their own rate; these rates are NOT based on market fluidity. If you want the funds, you pay their rate.
  • Minimum credit score is generally 620.
  • Borrowers must take home buyer education classes (can be taken online; minimal cost).
  • With both states, the more household income there is, the less forgiving the program is. 
  • First-time home buyer moniker not always required; depends on the program.
  • All homes must be purchased for primary residence only.
  • Not all home types qualify.
  • Contact me for more information!

How Do Rates Look Today?

Other options to consider...

TEMPORARY RATE BUYDOWNS:

• 3-2-1 buydown: A buydown of 3% in the first year, 2% in the second year, 1% in the third year, then back to the original locked rate in the fourth year for the duration of the term
• 2-1 buydown: A buydown of 2% in the first year and 1% in the second year, then back to the original locked rate in the third year for the duration of the term
• 1-1 buydown: A buydown of 1% in the first two years, then back to the original locked rate in the third year for the duration of the term
• 1-0 buydown: A buydown of 1% in the first year, then back to the original locked rate in the second year for the duration of the term

Here is how a 3-2-1 buydown looks:

What else? Here is some stuff I read, maybe it helps you!

More Homes On the Market, But Buyers Are Not Rushing In (Source: NAR)

Zillow Housing Forecase (Source: Zillow)

MBS Highway Mortgage Market News (Source: MBS)

Credit Score Matters: Those With Lower Scores Pay More (Source: NMP)

Insurance Rates Impacting Home Ownership (Source NMP)

And lastly, per a recent market research survey I completed, my Realtor & Lender fees are less than 95% of my peers. Better service and lower fees, what could be better?

Let me know how I can help you!

Steve