Coach Dan Foster | Purpose Driven Broker

For the first time in five years, existing-home sales have increased for four months in a row, according to the National Association of REALTORS®.

August 5, 2009-Pending home sales are up for the fifth consecutive month, the first time in six years for such a streak, according to the National Association of Realtors®.

Existing-home sales rose for the third consecutive month with inventory easing and home prices declining less sharply in June, according to the National Association of REALTORS®. Existing-home sales — including single-family, townhomes, condominiums, and co-ops — increased 3.6 percent to a seasonally adjusted annual rate of 4.89 million units in June from a downwardly revised [...]

RISMEDIA, July 20, 2009-(MarketWatch)- New construction of U.S. houses expanded for the second straight month in June after hitting a record low in April, the Commerce Department estimated Friday. Starts rose 3.6% in June to a seasonally adjusted 582,000 annualized units stronger than the 531,000 pace expected by economists surveyed by MarketWatch. This is the [...]

RMLS has released the June 2009 Portland Metropolitan Market Action Report. There are some positive stats in the report that show we are headed towards a more balanced market. This June, same-month pending sales were up for the first time since December 2006 in the Portland Metro area, and inventory reached its lowest point (8.2 months) since August 2007. Remember most analyst believe a balanced market is somewhere between 4-7 months worth of inventory depending on whether prices are appreciating or depreciating.