THE MCDOWELL TEAM, LLC PREMIERE PROPERTY GROUP, LLC
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All Hung Up: How to Place Wall Décor

7/15/2021

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Decorating the walls in your home should be fun, but when it comes to hanging larger pieces of art or décor, it’s easy to feel a bit intimidated. Of course, hanging a small clock can be as simple as sticking a nail in the wall. But what should you do about that wall mirror you just purchased? Or the hanging plant that’s starting to become…well, a sitting plant? We want to help you make all your wall decorating dreams come true. This information lists the tools you’ll need to place heavier items while walking you through simple steps for actually hanging the pieces — and how to plug up the nail holes when you move them. Happy decorating!
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June 2021 - Market Action Report - Portland, OR

7/13/2021

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Below are the latest Real Estate market statistics for Portland and the Surrounding Areas for the full month of June 2021.  Click on the image below to see the full seven page detailed report.
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Home inventory:  (the length of time that it would take to run out of houses to sell if we continue selling at the current rate without listing additional homes) increased just slightly to 0.8 months of inventory.

The median sales price continues to rise UP 19.8% over June of last year now at $521,000. 

June 2021 vs May 2021
New Listings are up 8.2%
Pending Sales are down 4.9%
Closed Sales are up 9.2%


June 2021 vs June 2020
New Listings are up 17.5%
Pending Sales are down 3.3%
Closed Sales are up 28.3%


Homes are typically selling 3 weeks faster than June of last year.
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Is There a Real Estate Crash Coming?

7/6/2021

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We listened to a Real Estate webinar recently – Brian Buffini’s Bold Predictions Mid-Year Update – which we found very interesting and thought we’d share some tidbits with you. Also on the webinar was the National Association of Realtors chief economist, Dr. Lawrence Yun.

One of the most asked questions we get from clients is regarding a potential Real Estate Bubble – “Is the market going to crash like it did in 2007-2008?”

The consensus from both Brian Buffini and Dr. Yun was no, there isn’t a Real Estate crash coming for several reasons which are listed below (keep in mind these are national stats).
  • We have almost 4 times LESS inventory of houses for sale today vs 2007. 
  • Buyers are putting larger down payments today (they have more equity in their home) vs 2007.
    • In 2007, 45% of 1st time buyers financed 100% of their home (Zero $ down) vs 17% of 1st time buyers today.
  • Lending restrictions are tight – it’s much harder to qualify for a loan today than in 2007 leading to fewer foreclosures. 
  • Fixed rate mortgages are very low – currently in the 3% range – vs adjustable rate mortgages in 2007.
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Both Brian Buffini and Dr. Yun believe that housing inventory will increase in the next 6 months or so, due to an increase in new home construction, people that have put off a move because of the COVID pandemic and now decide to sell and a small percentage of owners will need to sell because the foreclosure moratorium will expire.

Please give us a call if you'd like to discuss how this affects your real estate goals.
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Timeless Interior Design Trends to Transform Any Space

7/1/2021

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Looking to refresh your space? With interior design trends always changing, it can be overwhelming to pick the look and feel you want in your home – without it going out of style.
 
The information we're sharing with you this month will help give your place new life with timeless interior design trends. These trends are easy to incorporate and can totally transform any room in your house. You’ll find tips on how to expertly use lighting, decorative accents, greenery and more, plus, a method for rearranging furniture that takes the guesswork — and unnecessary heavy lifting — out of it. You’ll love seeing how these small changes can impact your home in a big way.
 
Did you know that agents also use these tips when staging a home for sale? Give us a call if you want to talk over any of them, or if you want to know which of these design tricks help homes sell the quickest. Whether you’re selling or staying put, we’ll get your home picture perfect! 
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    Come here to get updates on local real estate market information, community events, and helpful tips for homeownership in the Portland, OR region.

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  • Home
  • About Us
    • Mission Statement
    • Rick McDowell
    • Jimmy McDowell
    • Becky Shaw
    • Client Testimonials
  • Sellers
    • What's My Home Worth?
    • Selling a Home in an Estate
  • Buyers
    • Preferred Lenders
  • Our Listings
    • LISTING - 84TH AVE
    • LISTING - 110TH CT
    • LISTING - 179TH AVE
    • LISTING - COOK ST
    • LISTING - MATEER RD
    • LISTING - ROYAL VILLA DR
  • Home Search
  • Business Directory
  • Resources
    • Preferred Lenders
    • Client Survey
    • March Madness 2025
  • Blog
  • Contact Us