Comments on: Portland Oregon Real Estate Market Activity – May 2009 http://repdx.com/2009/06/17/portland-oregon-real-estate-market-activity-may-2009/ Portland Oregon Real Estate Search Fri, 13 Jan 2012 20:31:43 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: RealEstateJoe http://repdx.com/2009/06/17/portland-oregon-real-estate-market-activity-may-2009/comment-page-1/#comment-2602 RealEstateJoe Wed, 24 Jun 2009 19:36:25 +0000 http://repdx.com/?p=708#comment-2602 Good analysis. Several factors that should be kept in mind: The trends that are crating the current bottom are the lowest priced on the market and reflected mainly by bottom-feeding investors with cash and entry-level buyers fighting over the same properties. Multiple offers has created an overbidding scenario that is stopping the downward trend. This action has been keeping the inventory somewhat stable. But also, those who do not HAVE to sell in this market aren't. As well as those who cannot afford to sell at the current valuations. So that artificially is keeping the number a bit low as well. There are still <a href="http://www.neighborcity.com/OR/Portland_Foreclosures/real-estate/" rel="nofollow"> over 2,500 foreclosures</a> in Portland. Ultimately it is the employment issue that will spur the recovery. For now, we just have to let the current market dynamic play out in its various ways. Good analysis. Several factors that should be kept in mind: The trends that are crating the current bottom are the lowest priced on the market and reflected mainly by bottom-feeding investors with cash and entry-level buyers fighting over the same properties. Multiple offers has created an overbidding scenario that is stopping the downward trend.

This action has been keeping the inventory somewhat stable. But also, those who do not HAVE to sell in this market aren’t. As well as those who cannot afford to sell at the current valuations. So that artificially is keeping the number a bit low as well.

There are still over 2,500 foreclosures in Portland. Ultimately it is the employment issue that will spur the recovery. For now, we just have to let the current market dynamic play out in its various ways.

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