March 17, 2020

5 Simple Graphs Proving This Is NOT Like the Last Time

5 Simple Graphs Proving This Is NOT Like the Last Time | MyKCM

With all of the volatility in the stock market and uncertainty about the Coronavirus (COVID-19), some are concerned we may be headed for another housing crash like the one we experienced from 2006-2008. The feeling is understandable. Ali Wolf, Director of Economic Research at the real estate consulting firm Meyers Research, addressed this point in a recent interview:

“With people having PTSD from the last time, they’re still afraid of buying at the wrong time.”

There are many reasons, however, indicating this real estate market is nothing like 2008. Here are five visuals to show the dramatic differences.

1. Mortgage standards are nothing like they were back then.

During the housing bubble, it was difficult NOT to get a mortgage. Today, it is tough to qualify. The Mortgage Bankers’ Association releases a Mortgage Credit Availability Index which is “a summary measure which indicates the availability of mortgage credit at a point in time.” The higher the index, the easier it is to get a mortgage. As shown below, during the housing bubble, the index skyrocketed. Currently, the index shows how getting a mortgage is even more difficult than it was before the bubble.5 Simple Graphs Proving This Is NOT Like the Last Time | MyKCM

2. Prices are not soaring out of control.

Below is a graph showing annual house appreciation over the past six years, compared to the six years leading up to the height of the housing bubble. Though price appreciation has been quite strong recently, it is nowhere near the rise in prices that preceded the crash.5 Simple Graphs Proving This Is NOT Like the Last Time | MyKCMThere’s a stark difference between these two periods of time. Normal appreciation is 3.6%, so while current appreciation is higher than the historic norm, it’s certainly not accelerating beyond control as it did in the early 2000s.

3. We don’t have a surplus of homes on the market. We have a shortage.

The months’ supply of inventory needed to sustain a normal real estate market is approximately six months. Anything more than that is an overabundance and will causes prices to depreciate. Anything less than that is a shortage and will lead to continued appreciation. As the next graph shows, there were too many homes for sale in 2007, and that caused prices to tumble. Today, there’s a shortage of inventory which is causing an acceleration in home values.5 Simple Graphs Proving This Is NOT Like the Last Time | MyKCM

4. Houses became too expensive to buy.

The affordability formula has three components: the price of the home, the wages earned by the purchaser, and the mortgage rate available at the time. Fourteen years ago, prices were high, wages were low, and mortgage rates were over 6%. Today, prices are still high. Wages, however, have increased and the mortgage rate is about 3.5%. That means the average family pays less of their monthly income toward their mortgage payment than they did back then. Here’s a graph showing that difference:5 Simple Graphs Proving This Is NOT Like the Last Time | MyKCM

5. People are equity rich, not tapped out.

In the run-up to the housing bubble, homeowners were using their homes as a personal ATM machine. Many immediately withdrew their equity once it built up, and they learned their lesson in the process. Prices have risen nicely over the last few years, leading to over fifty percent of homes in the country having greater than 50% equity. But owners have not been tapping into it like the last time. Here is a table comparing the equity withdrawal over the last three years compared to 2005, 2006, and 2007. Homeowners have cashed out over $500 billion dollars less than before:5 Simple Graphs Proving This Is NOT Like the Last Time | MyKCMDuring the crash, home values began to fall, and sellers found themselves in a negative equity situation (where the amount of the mortgage they owned was greater than the value of their home). Some decided to walk away from their homes, and that led to a rash of distressed property listings (foreclosures and short sales), which sold at huge discounts, thus lowering the value of other homes in the area. That can’t happen today.

Bottom Line

If you’re concerned we’re making the same mistakes that led to the housing crash, take a look at the charts and graphs above to help alleviate your fears.

Feb. 20, 2020

Market Update


Well, January saw a significant jump in activity - double digit gains in pending sales over last year and triple digit jump in listings from December 2019!

This resulted in the months of inventory equal to January 2018 and below Jan 2019 at 2.2 months - still a sellers market. We are seeing a leveling off of price increases which is healthy but the low inventory is putting a strain on that.
This week has been a BIG week for Keller Williams Realty. Our annual convention (called Family reunion) brought announcements that again we are #1 Real Estate Company in the world for $ volume and number of units and our growth has far exceeded the National Association of Realtors average.
There were 18,000 Realtors at the convention out of 183,000 Keller Williams agents world wide. During Gary Keller's vision speech he agreed with predictions that the current record low interest rates will continue thru this year and a slow movement from a sellers market to a buyers market. He noted that increasing student loan debt is affecting first time home buyers and if it continues it will dramatically affect the economy.

Keller Williams is announcing an amazing new consumer app.
This is brand new and you can test it out by downloading it here

This is just part of a whole lot of new software tools that are being made available for us to help our clients.

Some notable trends that were announced:

  • Wealthy people are putting less money in real estate and keeping more of their cash.

  • Many IPO's during the past year have failed or underperformed.

  • iBuyer programs (ie Zillow and Opendoor, cash purchase programs) executed irresponsibly are not sustainable - Keller Williams has already started an iBuyer program and the Hatch Homes Group can help you get the best from iBuyers if that is of interest.  

  • The average tenure in a home has increased to 10 years and is increasing

  • The percentage of people using a Realtor is the highest ever at 89%.

  • 81% of people believe that real estate is a good investment with most believing it is better than the stock market.

Posted in Market Updates
Feb. 20, 2020

How to Unravel the Homebuying Process

How Trusted Professionals Make Homebuying Easier to Understand | MyKCMIn the spring, many excited buyers get ready to enter the housing market. Others continue dreaming about the homes they’d like to buy. The truth is, many potential buyers continue to dream longer than they need to, simply because they’re confused about the homebuying process. Thankfully, working with a trusted real estate professional can help ease those concerns and make the process to homeownership much easier to understand.

 

A recent survey conducted by Ipson and Freddie Mac reveals the confidence level of Gen Z and Millennial buyers regarding the homebuying process. The graph below shows the breakdown of the top results, clearly indicating there’s a significant portion of younger buyers who are not yet confident with some of the steps in the homebuying process.How Trusted Professionals Make Homebuying Easier to Understand | MyKCMBetween the homebuying process and the mortgage process, there are 230 possible steps in the transaction. With trusted professionals, like Hatch Homes Group on your side, you certainly don’t have to know them all to have a successful experience.

There are many reasons why these steps can change as you move through each one. Depending on your personal circumstances, the term or your mortgage, and the type of loan you use, the path you take may need to vary. That’s why guidance and support from the experts is key.

In addition to the process itself, respondents in the survey definitely expressed concerns about understanding the types of loans available. Here are just a few of the basic loans to consider. Be sure to speak with your lender about the specifics of what will work best for you:

  • FHA: Loans guaranteed by the Federal Housing Administration for first-time buyers. They generally enable qualified borrowers to enter the housing market with a lower down payment.
  • Conventional: Loans that usually require a larger down payment. Repeat buyers usually use these types of loans since they have an established credit history as well as more money from the sale of their previous home (called equity) for a bigger down payment.
  • VA: Loans available for Veterans of the U.S. Armed Forces and their spouses. They are guaranteed by the Department of Veteran Affairs.
  • USDA: Loans for those living in rural and suburban areas. A qualified lender can issue a USDA home loan, and they are guaranteed by the United States Department of Agriculture (USDA).

Interest rates also popped up as a common area of confusion among Gen Z and Millennial respondents in the survey. With today’s rates hovering at near historic lows, it’s a fantastic time for buyers to get more house for their money in the current market. Why? When mortgage rates are this low and wages are increasing as they are today, overall affordability increases, enabling home buyers to stretch their mortgage dollars further. It’s just another area where a trusted professional can help simplify the process and give guidance along the way.

Bottom Line

There are many possible steps in a real estate transaction, but they don’t have to be confusing. To understand your best course of action, let’s get together today to ensure you have a trusted team and advisor who will help you feel confident and informed at every turn.

Posted in Portland, OR
Jan. 2, 2020

Big Plans for 2020?

 

 

 

 

Do you have big plans for 2020?


If you've been watching our Monday Market Live videos on Facebook, you may have heard us mention the "NeighborhoodLIFT" program that has recently granted about 300 new homebuyers $20,000 towards their downpayment.  The good news is 300 new people will be hitting the sidewalks in search of their new home.  The only small problem may be that there are not enough homes for sale at this time to meet the need within their 60 day time limit.  Have you been thinking about selling but weren't sure if this was a good time?  If so, get in touch with us because we have a couple lucky clients now in the market!

Please also make sure to catch us on Facebook, every Monday during lunchtime.  Click    to head on over to our page!  

And if you have a minute to answer 3 questions for us to help improve our content and services, please click here.


 
 

We want to thank all our clients for trusting us with your business this year and wish everyone very Happy Holidays and a Great New Year! 🕎

Next month Melody and I will be visiting eight Caribbean Islands, exploring with a group of Realtors interested in International Real Estate.  If you know of anyone interested in exploring international investment, please let us know.

Also, this is a tiny reminder that Tax Time is coming up -- If you want any help getting prepared and organized we have a great referral for you!

In the meantime, take a look below of the most recent market review for the Portland Metro area and a great new guide we've sourced to help that millennial you know into a new house or condo!

 

A Millennial’s Guide to Homeownership


If you or a millennial you know is feeling stuck in the rental trap, this content-packed guide offers a look into the market’s current homeownership opportunities. 

Download for Free!
Compliments of Hatch Homes Group 

Millennial's Guide to Homeownership

Lastly, my 2018 Honda CRV is now on the market!!  Call me 503-789-1247 if you're interested.  It's been a great vehicle for me but heading into the new decade I'm going electric




Sincerely,
John Hatch

 

A Virtual Hug and Big Thank You for your donations!

Earlier this month, LeAnn and Michele had the great pleasure of dropping off 2.5 carloads of donation clothing and blanket items!  Hatch Homes couldn't have done this without you and we're so happy that we've got such an amazing client base always willing to pull together for a greater cause.

We will be posting more volunteer and donation opportunities for Rose Haven, so stay tuned or send Michele an email to get more info. 

Rose Haven is a day shelter and community center serving women, children and gender non-conforming folks experiencing trauma, poverty, and physical and mental health challenges. Restoring stability and dignity for 3,500 guests annually.



 
In our brand new series, At Home with Hatch Homes, Angela dives deep into the meaning of the big "R" word and how we move forward.
 
 
 

Facebook
Link
Website
 
Please remember,
The greatest compliment we can receive is a referral from you!


Our mailing address is:
Keller Williams Realty Professionals
9755 SW Barnes Rd. Ste. 560 | Portland, OR 97225

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www.HatchHomes.com
Direct: 503.974.4104 | Office: 503.546.9955
 Each office is independently owned and operated. 

 
Posted in Portland, OR
Dec. 17, 2019

An Attitude of Gratitude

 

An Attitude of Gratitude

As we cozy into the winter, we at Hatch Homes have recently began a daily practice of gratitude.  This practice is very simple where we start every morning sharing just one thing we are grateful for in both the business of life and the life of business.  And as we reflect over the last few months of this year and this decade, we would love for you to join us in this practice of gratitude. 

What are the things you are grateful for? 
If you're willing to share, please post on Facebook or Instagram and tag us in your post and try to keep the attitude of gratitude going strong!

We also want to let you know specifically that
We are grateful for you!
 

 

Join us in Our Goal to Donate 100 Blankets

This fall we will be collecting donations for our Cozy Clothing & Blanket Drive.  All donations will go to one of our favorite organizations, Rose Haven.  Please join us in the spirit of giving and help us reach our 100 blanket goal!

We will be gathering warm clothing items and blankets now through November 26th at our office here at 9755 SW Barnes Road #560.  Please call ahead to let us know you'll be coming by.  Additionally, we have 3 SE locations - shoot us an email for more info on those!  

Rose Haven is a day shelter and community center serving women, children and gender non-conforming folks experiencing trauma, poverty, and physical and mental health challenges. Restoring stability and dignity for 3,500 guests annually.



Other helpful donation items are:
  • Jackets
  • Ponchos and Rain Gear
  • Sleeping Bags
  • Rolling Suitcases
  • Hygiene products, travel size shampoo, conditioner, lotion and hand sanitizer
Please also feel free to reach out to us for additional information on volunteer opportunities.
 
Email for SE Locations
 
Did you know some of the suburbs on Portland have seen higher year over year appreciation than some innercity neighborhoods?

In our new segment featured on The American Dream, we explore the countryside of Portland at Frogsong Farm, LLC with Owner, Chuck Adams.
 





Johns Market Notes

This time of year we hear sellers often say "I am thinking of listing but I'm going to wait until Spring" and I like to point out why it is a great time to list right now, at the end of the year.

Most people do not realize that there are at least 1,500 transactions going through during the so-called "slow months" and although the number of transactions increase in the peak months, so does the inventory and the competition - in pretty much the same proportions! SO THERE IS NO ADVANTAGE in waiting.

The benefit here is that we find people seem to be much more serious and motivated during the winter months!

Another market item that is being talked about a lot is "Instant Offers".   You may have received mail or social media ads from organizations flush with cash to buy homes - this is an appealing service to some sellers that want an easy exit from there home. We, at Hatch, are embracing this service and have aligned with an organization that is training agents to help sellers make the most of this service. We can now help sellers get the best cash offers and also provide tools to evaluate the offers and compare them. Note there are restrictions on the type of homes that these companies will buy and there are special service fees that you need to know about!  Please let us know if you considering this and want a bit of advice!

Thanks,
John Hatch

 

If you're looking for more information on The Costs of Renting vs. Buying, Things That Hold Buyers Back, Selling in the Winter plus Buyers and Sellers Guides, click the button below.
Check It Out Here
 
 

Pending in 7 Days!


This cozy 2 bed, 2 bath condo went officially PENDING and we're so thrilled for the sellers and the quick sale!  We can't wait to continue helping them through the transaction milestones to a smooth closing.

Here's to a Smooth Transaction!



A happy new buyer just got the BEST VALUE in the Timberland Nieghborhood!  Before the end of the year, they'll be enjoying this gourmet kitchen and cozy fireplace! 
 

The Real Gals of Portland Podcast! 


Click here to listen and find them on Spotify, Soundcloud and Apple podcasts.

Please Subscribe, Share and Review!

 
Facebook
Link
Website
 
Please remember,
The greatest compliment we can receive is a referral from you!


Our mailing address is:
Keller Williams Realty Professionals
9755 SW Barnes Rd. Ste. 560 | Portland, OR 97225

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.


www.HatchHomes.com
Direct: 503.974.4104 | Office: 503.546.9955
 Each office is independently owned and operated. 

 
Nov. 15, 2019

The Hatch Patch Guide to the Gourds!

 

 
 
Your Guide to the Gourds!
 

It would be difficult not to notice that Fall is fully upon us now and with the changing season comes the changing leaves making our Pacific Northwest a cornucopia of beautiful colors.  The morning air is crisp and the varied greens of summer are now scarlet and gold, and you can hardly walk out the door without tripping over a pumpkin spiced something or other. 

 

Speaking of pumpkins, did you get your Great Hatch Pumpkin Patch Map?  If not, be sure to update your address with us so that we can stay in touch for all the upcoming holiday festivities because we've got a lot planned to close out the decade!

In the meantime, we wouldn't want you to miss out on all the great goodness the pumpkin season has to offer so we've included one below.  While you're in search of the greatest gourd, if you happen to stumble upon a friend or family member needing to buy or sell their home, please send them our way!  We've got a great VIP Client Appreciation Party in the works for all of you who help us with our business.  Additionally, Angela, Michele and LeAnn are participating in a Keller Williams intensive national agent training program called "BOLD" this year, which in part has a competition to get the highest number of referrals in the duration of the program. 

Please help us become champions by referring people to us!

 

 

 

Turning Figurative Pumpkins into Pies!

While you're cleaning out your closets and preparing for the winter ahead, please help us meet our 100 blanket donation goal for our Rose Haven Cozy Warm Winter Drive. 
In addition to blankets, all warm clothes and coats are welcome as well.  Please also see the list below.



Rose Haven is a day shelter and community center in Portland serving more than 3,400 women and children annually who are experiencing the trauma of abuse, loss of home and poverty. 

Other Top Donation Needs are:
 
  • Anything waterproof like ponchos, tarps and rain gear
  • Anything with wheels (rolling suitcase, cart etc)
  • Gently used bras, leggings, and plus size clothing
  • Blankets and sleeping bags
  • Top hygiene needs are dental care, travel size conditioner, lotion and hand sanitizer. 

 
 

Do You Know Anyone On The Fence About Buying Their First Home?


From first time homebuyer to upgrading into their second home, Michele's clients give you insight on how her First Time Home Buyer Class put them at ease and made them 2nd time homeowners.

Watch this Testimonial
⬇️
 

 

For up to date information about the process of buying a home,
join Michele and Austin at Director's Mortgage in Hollywood

November 7th from 6-7:30pm


Click here to RSVP
 

 
What John has to say on the latest
Portland Market Trends 

 

The numbers are AMAZING!

Oregon employment levels are high and salaries are up. This coupled with record low mortgage rates makes home affordability very favorable. Despite strong increases last month in Pending and Closed sales the inventory is still favoring sellers and we would love more sellers who are thinking of selling to get off the fence. If you know anyone in this situation we would love an introduction to them and we will present them with the numbers and help them  come up with a plan.

Some sellers are being approached by a new phenomenon called “iBuyers” where some institutions are offering fast cash to close. This may be good for some people who need to move fast and we can help people negotiate with them. In many instances this is an expensive option and we can help folks become educated about this.

Sincerely,
John Hatch
 

With the national housing inventory falling 2.5% over the past year, is now a good time to sell?

Read More Here



Would you like to know what your home is worth? 

Find out
 
See What We've Got Listed

⬇️⬇️⬇️
Peek-A-Boo Views at The Highlands

16248 SW 130th Terrace #24, Portland, OR 97224
2 Bed | 2 Bath | $259,900
A gorgeous setting for this thoughtfully remodeled 55+ community!

With Peak-a-boo Mt Hood views from the living room and sunny deck, this spacious, light-filled 2 Bed | 2 Bath condo with all new floors & paint throughout will be hard to pass up.  Additional features include all new appliances, in-unit laundry, remodeled bathrooms & kitchen with custom trim, VAULTED CEILINGS, and a master en-suite with a HUGE walk-in closet! 

The Community is super quiet & peaceful, yet active with great rec center and multiple restaurants and outdoor activities nearby.

At the Highlands, you'll enjoy the lifestyle and great location!
 
The Parsonage
3125 SE Van Water St, Milwaukie, OR 97222
Price: $699,000
Step through the Moroccan gate into another world!  This home has a wonderful history and is currently run as a successful two-unit short term rental.  A lush main level with a remodeled kitchen & bath is adorned with museum quality Moroccan doors & fixtures while a separate lower level apartment, with a large, open space & luxury bathroom leads out into a beautiful private garden oasis, complete with water fountains. 

This one-of-a-kind property is a wonderful addition to any commercial / multi-family portfolio as well as Live/Work possibilities.
 
Sold this Month

⬇️⬇️⬇️


And another Happy Seller!


 
 
And lastly, listen to Angela, Michele and Jennifer
in The Real Gals of Portland Podcast! 
 
Click here to listen and find them on Spotify, Soundcloud and Apple podcasts.
Please Subscribe, Share and Review!
 
 
Follow us on all the socials to stay up to date on our latest episodes, new listings and market tips! 
Hatch on FB
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www.HatchHomes.com
Hatch on Twitter
We are NEVER too busy for your referrals 

Keller Williams Realty Professionals
9755 SW Barnes Rd. Ste. 560 | Portland, OR 97225
Direct: 503.974.4104 | Office: 503.546.9955

www.HatchHomes.com

 Each office is independently owned and operated. 
   



Aug. 15, 2019

August Newsletter

Welcoming a new team member to the Hatch homes Group

 

LeAnn Raschke comes to Hatch Homes Group as a newly minted residential real estate agent with a well rounded background which includes construction management, commercial real estate and property management, wedding and event planning and small business ownership. With this experience, LeAnn is well versed in guiding clients through life’s largest landmarks, with a heavy focus on project management and contract negotiation.

Hailing from the great state of Wisconsin, by way of Washington and California, LeAnn is a midwesterner down to the core but Portland, OR is truly where her heart resides, along with her husband and two rescue pomeranians. Having lived in Portland for a little over 5 years, LeAnn has spent many of them exploring all of Portland Metro for the best bites, brews and views and can definitely give you pointers when you choose to settle into your new home here.

As your agent, LeAnn prides herself:

  • In her ability to predict and problem solve roadblocks that may present themselves during the home buying or selling process
  • In her direct and effective communication style, allowing no questions to go unanswered
  • In her passion for historical architecture, which can help you find your diamond in the rough


As a professional real estate agent, LeAnn understands that buying or selling a home is more than just a transaction, it’s a life-changing experience and she is dedicated to providing exceptional, personalized service by relentlessly working on your behalf to help you achieve your real estate goals.

 
John's Comments

 
This month John and Melody are visiting family in UK and currently spending a week in Ireland.
Real Estate is considerably cheaper in most places in Ireland and with land prices being lower the homes outside the cities are considerably bigger than in England. We are struck with the cleanliness and how most yards are well maintained and with the plentiful rainfall everything is very green. It is also interesting that many large homes do not have garages designed to keep cars in.
Ireland had the longest boom in Europe up to 2008 and the biggest bubble burst and subsequently has big lending restrictions (like Canada) which will probably keep growth more stable in the future. Interest rates however are considerably cheaper than in the USA (as they are in the UK).
The big concern is what will happen with Brexit in a couple of months which, in Ireland is a particular concern as Northern Ireland is part of the UK and the remaining bulk of Ireland is independent and will remain as part of the European Union.
If you are thinking of investing in Real Estate anywhere out of Portland then contact us as we have numerous contacts outside Oregon and the USA.
 
Our Current Listings! ⬇️⬇️⬇️
7017 SE 28th Ave, Portland, OR 97202
Price: $839,900

Picturesque Eastmoreland home, just blocks from the hot Westmoreland shops. Fantastic floor-plan with bedroom plus full bath on every level! Entertainers dream with living room opening up to yard and pool. Finished Basement with sealed concrete floors.
8170 SW Ridgeway Dr, Portland, OR 97225
NEW Price: $675,000

 
Lovingly maintained mid century home in great, desirable location. MAIN LEVEL LIVING, beautiful hardwood floors, big windows, retro charm, bonus art studio with separate entry to the private yard. Enchanting rear patio to enjoy quiet summer evenings shaded from the sun. Rare .42 acre lot with mature groomed landscaping and fruit trees for all the family to enjoy. 2 blocks from park, pool and library, easy commute.
 
Watch Video Tour
3125-3135 SE Van Water St, Portland, OR 97222
Price: $1,524,000

 
Do you know someone that wants to start a restaurant? Run a venue? Live in a magical property and get rental income at the same time?
Please share our amazing Moroccan Oasis Compound on the border of Portland and Milwaukie. Owner contract available, please reach out to Angela for more information.
11830 NW Holly Springs Ln Unit 304, Portland, OR 97229
Price: $269,900

 
Was a model home with designer interior finish package. Gourmet kitchen with slab granite bar, tile counter tops with mosaic glass and tile backsplash. Attractive cozy fireplace and good light. Fridge, washer and dryer PLUS moveable A/C unit included. High demand location with good access to restaurants, coffee shop, market of choice and transit center! Large master. Light and bright. Covered deck with generous storage. Lovely quiet unit.
2211 SW 1st Ave Unit 202 Portland, OR 97201
Price: $419,000

 
BEST VALUE FOR 3 BEDROOMS DOWNTOWN! Corner unit with West & Northeast views. Two balconies- all bedrooms have access to a balcony! Open dining and living room with pass-through bar to kitchen. New paint and flooring in baths and kitchen. Desirable Lincoln tower with pool. Complex has secured entry, 2 pools, parking and more.
 
Sold this month! ⬇️⬇️⬇️
13711 SW Silent Fox Ter, Sherwood, OR 97140
SOLD $312,900

508 SE Bronte Way, Hillsboro, OR 97123
SOLD $305,000

5919 SE 99th Ave, Portland, OR 97266
SOLD $376,000

9824 SE Kela Ct, Happy Valley, OR 97086
SOLD $464,200

13379 NW Payne Dr, Portland, OR 97229
SOLD $742,600
 
 
Did you miss our latest American Dream TV episode?
 
With over 41 thousand views, our first episode of the American Dream TV was a success!  Angela and Michele are having a blast talking about their 2 passions- Real Estate and this fine city.  We would love for you to watch our latest segments! 
Follow us on our Facebook page https://www.facebook.com/hatchhomes/ 
We will have a new episode once a month!  If you know anyone that wants their home and neighborhood featured on TV, please let us know!
 
Did you know Angela, Michele, and Jennifer have several episodes of their podcast show now?
Have a listen here and find them on Spotify, Soundcloud and Apple podcasts, Please subscribe, comment/like and share too! Thanks!
 
Metropolitan Monthly
 Market Update 

Highlights
 
July Residential Highlights
Closed sales had the strongest numbers this July in the Portland metro area. At 2,994, closings outpaced July 2018 (2,736) by 7.6% and June 2019 (2,756) by 6.8%. This was the strongest July for closings in the area since 2015, when 3,452 closings were recorded. Pending sales, at 2,998, fell 2.4% short of July 2018 (3,071) and 2.8% short of June 2019 (3,083). Similarly, new listings (3,966) ended 8.0% under the 4,312 offered last year in July 2018 and 7.4% under the 4,281 offered last month in June 2019. Inventory decreased slightly in July to end at 2.3 months. During the same period, total market time rose by one day to 43 days. There were 6,797 active residential listings in the Portland metro area this July.
Year to Date Summary
Activity is mixed so far in 2019 compared with 2018. New listings (26,629) are up 0.7%, while pending sales (18,778) are down 2.3% and closed sales (16,903) are down 3.1%
Average and Median Sale Prices
Comparing 2019 to 2018 through July, the average sale price has increased 1.0% from $453,600 to $458,300. In the same comparison, the median sale price has increased 2.0% from $400,000 to $408,000.

Highlights
 
 

Portland Market Trends
 
Trends in Portland show a 1% year-over-year rise in median sales price and a 0% rise in median rent per month.
 
Median Sales Price $439,000

Price Per SqFt $301

Median Rent Per Month $2,195
 

What's your home worth? 
 
Find out
 
We are NEVER too busy for your referrals 

Keller Williams Realty Professionals
9755 SW Barnes Rd. Ste. 560 | Portland, OR 97225
Direct: 503.974.4104 | Office: 503.546.9955

www.HatchHomes.com

 Each office is independently owned and operated. 

Posted in Market Updates
Feb. 28, 2019

Oregon SB 608 introduced as nation's first statewide rent control law

Oregon Gov. Kate Brown signs nation's first statewide rent control law

Oregon Gov. Kate Brown signed into law a first-in-the-nation rent control bill Thursday and called on the Legislature to turn its attention to funding new housing initiatives. Because of an emergency clause,

Senate Bill 608′s rent control and eviction protections go into effect immediately.

How does it affect landlords and tenants?

Multifamily NW has provided a document to help landlords navigate the changes with the passing of SB 608. This document was generated by Multifamily NW.

 

Posted in Market Updates
Nov. 20, 2018

You Won't Want to Miss This New Listing

Posted in Market Updates
May 17, 2018

Meet Our Most Experienced Agent, Angela Stevens

 

As our most experienced agent, Angela Stevens is a vital member of the Hatch Homes Group.

 

Angela Stevens has served the Hatch Homes Group for 10 years and, after Melody and I, is our most experienced team member. She also happens to be our daughter.

Angela started off as a transaction coordinator before handling the marketing for our listings. She then did a lot of short sale negotiations as the market bottomed out, which educated her about distressed properties. A few years after that, she decided to get her real estate license and become a buyer specialist. This transition helped her focus on working with both buyers and sellers and she feels this is the reason she can net sellers more money on their home sale.

“We’re proud of the contributions Angela has made for our team.”

Angela chose real estate because it allowed her to combine her passion for art and creativity and her passion for entrepreneurship. She loves the architecture of houses and the design aspect of the real estate business, and this industry fulfills her desire to be a businessperson.

We’re very proud of Angela and the contributions she’s made to our team. Last year, we made her a partner of Hatch Homes, and now she’s being appointed team leader. In this new position, she feels that her experience will enable her to carry on her knowledge and educate the people she interacts with. She looks forward to strengthening her relationship with her team so they can do better and, in turn, help her do better and lead by example.

If you have any questions or are looking to buy or sell a home in our market, don’t hesitate to reach out to us. We’d be happy to help.

Posted in Market Updates