by John DeCosta, Keller Williams Portland Premiere Great news on interest rates. Here is the latest from Freddie Mac. Mortgage Rates at New 2016 Lows April 7, 2016 Mortgage rates this week registered the delayed impact of last week’s sharp drop in Treasury yields as the 30-year mortgage rate fell 12 basis points to 3.59 percent. This rate marks a... Read More »
by John DeCosta, Keller Williams Portland Premiere It is always helpful to view the Case Shiller results. Although real estate is a very local oriented market, it is interesting to see the national trends. Here is the latest. http://us.spindices.com/indices/real-estate/sp-case-shiller-20-city-composite-home-price-index
Here is the latest on the Hot Portland Market. by John DeCosta, Keller Williams Portland Premiere Feb 2016, Market Action full report
by John DeCosta, Keller Williams Portland Premiere Here is the latest as we move into 2016. http://www.rmlsweb.com/v2/public2/loadfile.asp?id=8716
By John DeCosta, Keller Williams Portland Premiere Realtors. The State of Oregon keeps many stats on the economic environment. Here is the scoop on who moved to Oregon in 2014. I think many of the retirees are returning to Oregon from the Sunbelt. We have had many folks go to Scottsdale and Palm Springs, but they return after a... Read More »
Here’s Decembers update. http://www.rmlsweb.com/v2/public2/loadfile.asp?id=8660
http://www.cnbc.com/2016/01/05/why-people-are-flocking-to-oregon.html
Passing along some positive news about the Oregon attraction. We are getting very favorable reviews and many folks headed our way. Here is the national story, John DeCosta, Keller Williams Portland Premiere Click to view the story
by John DeCosta, Keller Williams Portland Premiere 503-702-0856 When I started in the Real Estate Field in 1976, I was a graduate student at the Business School at the U of O. Interest rates were extremely important to all predictions of the coming real estate market conditions. It seemed that back then the cost of financing a home was a... Read More »
It is always fun to let your mind wander from your daily schedule to the strange and wonderful world of people with outrageous incomes and budgets. Here are some highlights of the 2015 celebrity housing news. I am stunned at the amount of prices that homes in some locations can command. It’s all about supply and demand. We are fortunate... Read More »
This slideshow is interesting. We are proud to be included in the list of the top sales in Portland for 2015. We represented the seller of the home on Finis Lane in Tigard, # 11 in the slideshow. The last 2 properties in this slideshow were actually development sites, and not just expensive homes. We do our work within strict... Read More »
Winter is here, and the market is getting colder. by John DeCosta, Keller Williams Portland Premiere. http://www.rmlsweb.com/v2/public2/loadfile.asp?id=8619
We are always looking for information on the real estate market at the moment. It is interesting how different people see the same market quite differently. Here is an article that appeared in the Housing Predictor Magazine this month. We would enjoy knowing your thoughts. Pop us an email…. John DeCosta 2015 Oregon Housing Market Predictions The 2015 housing... Read More »
I am always interested in the state of the economy. Housing is a big part of what makes America grow and prosper. Here is this weeks highlights from Eagle Mortgage newsletter. John DeCosta It’s December and we’re officially in the holiday season. Last week was short due to Thanksgiving, but jam packed with important economic data pertinent... Read More »
We are always looking for the inforation that best explains what is happening in our real estate market. Metro recently decided not to expand the Urban Growth Boundary. That leaves the supply of buildable land fixed for the short term future. We are expecting 400,000 new residents in Portland in the next 20 years. The available land inside the boundary... Read More »
Harvard has just published the details on the student debt situation. This may play heavily in the market for first time buyers of homes. The trend to renting rather than buying has many origins. The student debt issue is well explained in the follow information. John DeCosta, Keller Williams Portland Premiere The Impact of Student Loan Debt on the Housing... Read More »
Very intersting video that explains the Lake Oswego Real Estate over the last 9 years. This video shows the appreciation rates over the years in a nice presentation. Although real estate submarkets can behave independently, this video shows a consistency in Lake Oswego, that is impressive. Having a world class school system greatly aids the Lake Oswego housing market achieve... Read More »
We are asked about interest rates every week. Here is the last 10 years. John DeCosta, Keller Williams Portland Premiere
Very proud of my kids ! John DeCosta Alicia works on marketing for one of Portland’s top remodelers. She is tech savvy, and understands what it takes to make real estate sales… Long hours, but great results. Nicole is a professional writer, TV anchor, singer/musician, and internet media marketer. Both bring great joy to this happy dad. Nice colaboration,... Read More »
Many of our best buyers are coming in from California. This report is a little disturbing. We will keep an eye on the California market as an indicator of our market trajectory. John DeCosta Real Property Report – California, August 2015 California Sales Stuck in Doldrums, Down 13.1 Percent from July Median Price Falls 1.2 Percent to $415,000 CALIFORNIA,... Read More »
Half of homebuilders have disappeared. We noticed big changes in the market for homebuilders, Wow, half are gone. John DeCosta September 14, 2015in Market Analysis Leave a comment Share ! One reason that new home construction isn’t keeping up with the demand to provide more inventory is the devastation that has taken place in the home building sector. About... Read More »
Everyone has an opinion of what the real estate market has coming. Some are right, some are wrong, but it is interesting to view the reasons sited. Here is an Oregonian headline and article that focuses on the tight inventory in our market. John DeCosta Housing market cools slightly, but sales remain high and inventory low Villebois neighborhood... Read More »
5.6 Million sales shows a steady increase in the national market. 3.93% on the mortgage rates is very good news. John DeCosta
It might be a good time to sell is the advice from the national scene. Prices have rebounded to almost the peak levels of 2006 and 2007. Give us a call if it is your time to consider a sale. John DeCosta
Published on Aug 20, 2015 Portland-based Christian Kaylor offers a summer 2016 economic update for Oregon and the Portland metro area. Jobs, population growth, wages and more are all highlighted in this engaging and data-driven presentation. Christian gives us some great info on the Oregon Economy and what the future will likely look like, John DeCosta
The national market continues to improve. Oregon Leads the way, John DeCosta
Sales dipped to 5.4 Million. $219,400 is the average American home value. Mortgages up to 3.84%. Can you remember the early 1980’s when rates exceeded 15%. John DeCosta
Another look at the National Economy, with an emphasis on Monetary Policy. Correctly predicting the trajectory of the US Economy is impossible, but everyone keeps on trying. Take a look at what this talented economist is saying. Lael Brainard is exceptionally bright. John DeCosta
Once a year eveyone let’s go just a bit and has so much fun. We enjoy a wonderful place to live, Check it out. John and Priscilla
Kimberly Clausing, with her thoughts on the Oregon economy and Oregon’s place in the great big world. Tom Potiowsky is her guest speaker. He is always a joy to listen to. John DeCosta Published on Feb 22, 2015 Presented on January 13, 2006 Kimberly Clausing, Associate Professor and Chair, Economics Department, Reed College; Mary King, Professor and Chair, Economics
Unless you’re in the short sale negotiations business, this is some pretty good news. It’s a great indication of the growth that we’ve been experiencing in the economy. In the real estate business, most conversations about the economy over the last several years have been focused on past problems. We think 2015 will be... Read More »
Oregon’s own, Tim Duy explains the Oregon Economy. He is one of the best commentators on the Oregon place in the economy. Enjoy, John DeCosta
by John DeCosta, Keller Williams Portland Premiere Catch up on the views of the National Association of Realtors Economist Lawrence Yun.
by John DeCosta, Keller Williams Portland Premiere. Good article on the Oregon Recovery from the Oregonian. Glad to have people back to work, and home buyers excited again. We are very busy with many buyers, but always have time for some new listings if you know anyone looking to make a move. When Scott Cooper drives the highways near... Read More »
We hope you’ve been enjoying this time of year when summer has turned to autumn, the leaves are falling, and longer evenings offer the opportunity for cozy fires and comforting meals… We know that soon the hustle and bustle that always seems to accompany the holidays will be upon us, and everyone will be rushing around – visiting friends and... Read More »
Nothing gets a real estate guy like me more excited than some charts and graphs about housing prices and availability! Well…maybe some things do – but this is a great article to share and I hope you enjoy it. As always, we are at the ready to provide you with specific information about your town, neighborhood, or home. Click here... Read More »
by John DeCosta, Keller Williams Portland Premiere Realtors Here are the latest stats on single family and multi family new permits. We contiue to improve in both single and multi family permits. It is not like 2006, but we are clawing back. FOR IMMEDIATE RELEASE TUESDAY, AUGUST 19, 2014 AT 8:30 A.M. EDT Raemeka Mayo or Shalyce Tyson Manufacturing... Read More »
By, John DeCosta, Keller Williams, Portland Premiere Catching up on all the real estate news….. Homes Less Affordable Than Historical Average in Portland, Other Parts of Oregon — The Oregonian Realtor.com® Report: Surging Home Sales Predicted for Ten Metro Markets — Realtor.com® Portland’s 25 Hottest Neighborhoods (Q2 2014) Portland’s 25 Most Expensive Neighborhoods (Q2 2014) The... Read More »
by John DeCosta, Keller Williams Portland Premiere. The hard working Realtors continue to put in the long hours. Realtors showed 24, 040 homes in the last week. Given that there are 6,000 Realtors in our area, that means that each Realtor showed 4 homes last week. The reality is that some Realtors showed many more than 4 homes. We... Read More »
by John DeCosta, Keller Williams Portland Premiere It all starts when an agent shows a property to a qualified buyer. We get many stats in real estate. This one is a real valuable indicator of what is coming up in the next month. We will keep you posted on how the showings produce sales. John D.
By John DeCosta, Keller Williams Portland Premiere. Notice the variance in results in each submarket. Real Estate is a very local phenomenon. Buyers make their decisions, and then the results are observed. Very Fascinating home data can be so fickle.
by John DeCosta, Keller Williams Portland Premiere. 4260 Galewood, Lake Oswego, Or 97035 Here is the view from Morgan Stanley. We celebrate the continuing recovery in housing. Can you imagine that appreciation is estimated to hit 7% this year, and they are cautious. As we look back a few years, we were seeing -10% years. We are as busy as... Read More »
The market continues to improve, but very slowly. We are busy trying to find great homes for our buyers.
The Market continues its gradual improvement.
By John DeCosta, Keller Williams Portland Premiere Here’s the latest on Homebuilder views on the upcoming market. Steady growth is still happening, but there are some positives and negatives to consider. John D. The new home market is getting no spring lift whatsoever at least based on the National Association of Home Builder’s housing market index, which missed expectations for the... Read More »
By John DeCosta,Keller Williams Portland Premiere It is interesting to see how the local Homebuilders are reacting to what should be a great year. Lots are in a very short supply. Cost of materials and labor is soaring. Buyers are lined up waiting for the new homes with great features, but they need to endorse the new higher prices. The... Read More »
By John DeCosta, Keller Williams Portland Premiere This news story caught my eye. The market is getting very tight on listings. Prices are rising. The builders are not starting enough houses to fill the demand. But all of this info is very specific to areas. Where you live may be very short of listings, or maybe not. Real Estate markets... Read More »
by John DeCosta, Keller Williams Portland Premiere Everyone seems to have an opinion on where we are headed in home appreciation. Take a look at some of the industry leaders, and view their thoughts. Homes are well worth owning for the sole purpose of safe and enjoyable housing for our families. A little price appreciation over time is quite a... Read More »
by John DeCosta, Keller Williams Portland Premiere This new tool from Google Maps is wonderful for reseraching schools in your target area. Take a look, it is very impressive, John DeCosta http://maps.google.com/gallery/details?id=z4mrgVPTapKk.kXkxsskjqfig&hl=en Click for the details on Great Schools in Your Area
by John DeCosta, Keller Williams Portland Premiere. Good news on the elimination of the foreclosures. Each market is different, but the national average is quickly clearing the inventory. The RE market recovery should make this foreclosure supply to soon return to historic averages. The market crash gets further into the rear view mirror. Click to view the report CoreLogic® Reports... Read More »
by John DeCosta, Keller Williams We are always excited to pass along great real estate infromation. The Daily Journal of Portland has released their November real estate results. Wow, Portland is rebounding very nicely, Take a peak the the report. John D. Wendy Culverwell Staff reporter- Portland Business Journal Portland recorded the best November for home sales in seven... Read More »
by John DeCosta, Keller Williams There are many data sources that we follow. Corelogic just released a 13% appreciation result for the Portland market. This will help many families return to financial health. The missing part of the analysis is that Portland is a hot bed of remodeling. Many of the properties that sold for more money in the last... Read More »
By John DeCosta Catch the latest information on the housing recovery. Get all points of view. Buyers Today Want a House for the Long Haul — The Wall Street Journal Mortgage Rates Fall Two Weeks in a Row: Freddie Mac — HousingWire Home-Price Gains Slowed in August as Mortgage Rates Rose — The Oregonian Below-Asking Homes Sales... Read More »
by John DeCosta. More bragging for Oregon. Congratulations ! Top 10 states where home prices are surging Eric Schaal, Wall St. Cheat Sheet5:50 p.m. EST November 10, 2013 In September, home prices rose in all 50 states year over year, says CoreLogic research firm. STORY HIGHLIGHTS In September, home prices nationwide increased year over year for 19th straight month Home... Read More »
By John DeCosta, I enjoyed their views. We are seeing Portland emerge as a national leader in this Real Estate Recovery. Cheers to Portland. Experts from the Urban Land Institute unveiled their view of how the rest of the recovery will play out in their Emerging Trends in Real Estate report, released this week at the land use and planning nonprofit’s... Read More »
by John DeCosta Today is the day that we collect all of the many lockboxes we have on homes. Tomorrow the new SentriLock lockboxes will go out on the homes. What an ordeal. We hope the new lockboxes help sell homes as well as the old Supra boxes. Old Lock box New Lock Box Enjoy the... Read More »
By John DeCosta, Keller Williams Realty Portland Premeire This Month in Real Estate (US) September 2013 Take a look at the national real estate market. Double digit increases in value on average. And as long as interest rates stay low, we could enjoy this upward trajectory for some time. We hope this good fortune is shining on you, John... Read More »
By John DeCosta This article from the Wall Street Journal sums up the national scene for the real estate market. We seem to be tracking fairly close to this pace here in Lake Oswego, Oregon. After selling homes for 35 years, I can see patterns in the decisions being made by Sellers and Buyers. Today, sellers are hopeful to recover... Read More »
by John DeCosta, Keller Williams Portland Premiere As we move forward in this ever improving economic environment, we need the most current information to make our decisions. Should I sell my present home and purchase a home that better fits my needs? Should I move some money out of the stock market, and where should I next invest my nest... Read More »
By John DeCosta, Keller Williams Realty Portland Premiere The sudden increase in mortgage rates last month, caused some fence sitting buyers to connect the dots and secure homes. Home Sales bumped up in May 2013, but the elevated interest rates have deflated the results in June 2013. This market is very sensitive to the movement of interest rates. Over the... Read More »
By John DeCosta, We enjoy seeing all of this positive real estate news. What a difference a year makes. We hope the activity in the real estate sector helps get the entire economy headed in a positive direction. Data through April 2013, released today by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, a leading measure of U.S.... Read More »
by John DeCosta. These are great articles to help you keep informed on this fast moving real estate market. Real Estate is roaring back. Home Prices See Biggest Monthly Gain in Seven Years — The Oregonian Another Report Shows Home Prices Taking a Big Jump — NPR 16,000 Foreclosed Oregonians will Receive $1,480 Each Under National Mortgage Settlement —... Read More »
Watch the housing starts. A healthy housing market will lead to a healthy economy, John DeCosta, Keller Williams REAL ESTATE Housing starts up after teetering for months By Megan Hopkins • June 18, 2013 • 7:55am New home starts on private residences have been teetering over the past few months, but rose 6.8% from the revisedApril estimate of 856,000, reaching... Read More »
Tom is one of my favorite Economists. His humor and knowledge are very special. See if you agree. John DeCosta Uploaded on Apr 15, 2010 Friday, April 9 Tom Potiowsky, State Economist The State of the State at Portland State University
Great purchaser is looking to purchase a home in Lake Oswego. Need 3,000+ square feet, 4 bedrooms, room for kids to play. Up to $1,000,000. Can make large monthly payments, but has small down. John DeCosta, Keller Williams, 503-702-0856 cell, [email protected]
Contact your mortgage professional, or call us to get your mortgage locked in at these incredible rates. Whether to refi or buy a new home can be a puzzle. Give us a call, and we will lend you a hand, John DeCosta, Keller Williams Portland Premiere. 503-702-0856
Real Estate Terms, Definitions and Dictionary click on the letter or the word A B C D E F G H J L M N O P Q R S T V acceleration clause adjustable-rate mortgage (ARM) adjustment date amortization amortization schedule annual percentage rate (APR) application appraisal appraised value appraiser appreciation assessed value assessment assessor asset assignment assumable mortgage assumption balloon mortgage balloon payment bankruptcy bill of sale biweekly mortgage bond market bridge... Read More »
The median list price in March for single family homes in Lake Oswego is$822,500. The list prices increased by 2.82% from the previous month.The price per square foot for listings in this area is $283.The median sale price in February forsingle family homes is $359,750. The sale prices dropped by -35.18%from the previous month. The price per square foot for sales in this area... Read More »
Wells Fargo Economic Outlook Video, February 2013, http://www.youtube.com/watch?v=8B6kCekMekI
Enjoy ! Life is not all about Real Estate, at least not all of the time. Newsmax sends these out each day. http://news.newsmax.com/?KKO6XYlmcGVHEOkQZg42YkEv2tyktJvAK&http://www.newsmax.com/jokes/ Just in case you were not up at midnight watching 6 Channels on the TV. You didn’t miss anything. John D. The Tonight Show With Jay Leno Scientists at the University of Maryland say they have... Read More »
The News is much more positive than in the recent past. Values are rising, and the buyers are getting the lowest interest rates ever. Stay informed….. John Housing to Drive Economic Growth (Finally!) — CNN Money American Forests Names the Ten Best US Cities for Urban Forests — American Forests Portland Ranked Among Worst Places to Buy a Foreclosure... Read More »
Trulia has just completed a 5 year study of when people are most focused on purchasing a home. The data finds that it varies by region and by State. Our practice does not greatly vary by month. Enjoy the information. John DeCosta, Keller Williams Portland Premiere, 503-702-0856 cell
Very Good article in HousingWire. Real Estate is increasing and improving. John DeCosta, Keller Williams REAL ESTATE Housing recovery sustained with 4.3% uptick in prices By Kerri Ann Panchuk • December 26, 2012 • 8:16am Home prices continued to rise in October with prices up 4.3% annually within the 20-city composite index produced for the Standard & Poor’s/Case-Shiller Home Price... Read More »
J.D. Power Ranked Keller Williams Highest in Customer Satisfaction [email protected] Keller Williams Realty Ranked “Highest in Customer Satisfaction Among Home Buyer and Seller Segments” by J.D. Power and Associates AUSTIN, TEXAS (August 16, 2012) — According to the J.D. Power and Associates 2012 Home Buyer/Seller Satisfaction StudySM released yesterday, Keller Williams Realty, Inc. ranks highest in customer satisfaction in both... Read More »
Many confusion surrounds the distressed property market. What strategy is best when you get behind on your payments? A leading expert takes you through the discussion. Brought to you by CDPE, Alex Chafen.
http://www.youtube.com/watch?feature=player_detailpage&v=0S-S3KJYZfE&list=PLD93DFFC5AD4A84AF
Get all the details below. The story is not ending any time soon, but for now, the lake remains private, and the annual $4,000,000 cost is borne by the private shareholders. One of the Jewels of Oregon costs the taxpayers nothing. Imagine that…… John DeCosta, Keller Williams Oswego Lake access suit plaintiffs plan to file in state court after... Read More »
FOR IMMEDIATE RELEASE, CONTACT: Stephanie van Hoek Office: 512/439-8708 [email protected] Keller Williams Realty Ranked Highest in Customer Satisfaction Among Home Buyer and Seller Segments by J.D. Power and Associates AUSTIN, TEXAS (August 16, 2012) — According to the J.D. Power and Associates 2012 Home Buyer/Seller Satisfaction StudySM released yesterday, Keller Williams Realty, Inc. ranks highest in customer satisfaction in both... Read More »
Congratulations to Lake Oswego’s own Bill Conerly, economist and sage. Bill is featured in Forbes, Take a peek….. cheers, John DeCosta, Keller Williams This article is available online at: http://www.forbes.com/sites/billconerly/2012/10/08/real-estate-forecast-2013-the-housing-market/ Bill Conerly, ContributorConnecting the dots between the economy . . . and business decisions.| 10/08/2012 @ 2:36PM |2,002 views Real Estate Forecast 2013: The Housing Market The housing... Read More »
The market for mortgages has changed dramatically. Opportunities for the well qualified have never been better. John DeCosta, Keller Williams
Get the latest info on real estate: John DeCosta Portland and U.S. home prices rise in July, fueling optimism – The Oregonian Home prices, building permits point to residential recovery – Portland Business Journal Mortgage rates plummet to new lows – Housing Wire Home Prices Rise Again,... Read More »
Great News and Recognition. Portland is again ranked as one of the top 5 cities in America. Take a deep bow, all of your Portlanders. John DeCosta, Keller Williams Realty Portland Premiere Portland, Oregon Rank: 5 Population: 598,205 Portland is known for its Pacific Northwestern brand of laid-back living, with education and restaurant offerings to go with air quality... Read More »
Stay Informed Make Great Real Estate Decisions. This market is changing and improving. Don’t be left behind. Lock in these low rates, and buy a home you and your family will love for decades. Cheers, John and Priscilla DeCosta, Keller Williams Portland Premiere Portland Lauded for Bike-Friendly Culture Survey: Americans’ Attitudes Shift About Housing 15,000 Fewer... Read More »
Obamacare brought many changes with it’s passage. The Transfer Tax is not a bid deal. See Below… VIEW THE VIDEO THAT DEBUNKS THE NEW TRANSFER TAX Possibly entertaining, but definitely informative…. John DeCosta, Keller Williams
This was much anticipated and appreciated. It doesn’t matter what the rates are if people aren’t Qualifying. John DeCosta Bernanke: Loan Standards Easing Watch the Video September 20, 2012 · One of the main questions hanging over the Federal Reserve’s plan to buy up to $40 billion a month in mortgage-backed securities (MBS) to help spur the housing market... Read More »
Very interesting article about loan volume. 2003 was filled with construction loans and development loans. John DeCosta Mortgage Loans Hit 16-Year Low as Standards Tighten Mortgage lending declined to its lowest level in 16 years in 2011 amid weak demand for mortgages and tighter lending standards, according to a report released by federal regulators Tuesday. Banks funded about... Read More »
Drake Butsch at First American Title is excited about the new mapping products they can provide. We appreciate all of the help the Title Companies bring to the industry, Well Done….. John and Priscilla DeCosta
We welcome all questions and inquiries, and look forward to the opportunity to connect with you. Please don’t hesitate to contact us at any time. It will be our pleasure to promptly respond to you.
