Riddle me this: How can home sales grow when we have no homes to buy?When a monthly home sales print fails to meet expectations the excuse often used is that inventory is too low to meet the demand.
Portland Looks To Add Home Efficiency Scores To Seller Listings
If you're searching for a single-family home through a regional real estate listing service, you'll see a section for the home's green certification and energy efficiency features.
But more likely than not, you won't see anything listed.
While there is no requirement for homeowners or realtors to list that information on the regional multiple listing service website, the city of Portland's planning staffers are researching how that could work.
It costs $200 to $300 to determine a home's efficiency. It's unclear who might bear that cost in the home-buying equation.
Work on the initiative has only just begun, but Michael Armstrong, manager for the Bureau of Planning and Sustainability's policy, research and innovation arm, said he expects to have a recommendation to the City Council later this year.
"You go onto our MLS site and there's already a place for that score, but very few houses have them," said Armstrong. "We'd like that to be standard. It's ready for use, the infrastructure is there."
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....
Latest Blog Posts
Home-price growth began accelerating in July, a sign that the slowdown in home prices caused by the coronavirus pandemic may be reversing.The S&P CoreLogic Case-Shiller National Home Price Index,
Despite mortgage ratesrising slightly from a previous all-time low, mortgage applications gained 6.8% last week, according to a report from the Mortgage Bankers Association.The refinance index