Existing home sales came in at a whopping 6,850,000, beating estimates with the highest print since 2006. Days on market fell from 36 days to 21 days on a year-over-year basis. Cash buyers remain at
All Cash Homebuyers Influence Grows In Portland
Dated: May 13 2014
All-cash buyers were behind 28.2 percent of Portland-area home sales during the year's first quarter, according to real estate listings website RealtyTrac. That's up from 16.3 percent of sales a year earlier, though down from 29 percent in the late summer of 2013.
Those buyers are often buying properties for investment purposes — to flip or to rent out, for example. Homebuilders looking for redevelopment sites are also buying houses and typically pay cash.
"There's just a lot of money being made in the real estate market right now," Portland broker Nick Krautter said. "So you have a lot investors flushing money into the real estate market." Read More Here...
For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....
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