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Portland Housing Market Update
June 5, 2009 by Jeremy · 5 Comments
From The Columbian:
After what one local real estate broker called a “gruesome” winter, pending sales of existing homes in Clark County are improving as low interest rates and incentives spur buyer confidence.
Pending sales in the county grew 17.4 percent in April, well ahead of the 6.7 percent national increase for the same month that was reported Tuesday by the National Association of Realtors.
“Our office is up about 50 percent from the first two months of the year,” said Gene Thompson, owner-broker of Equity Northwest Properties in Vancouver. “We saw a sharp jump in March, with April consistent with that for pending sales.”
Nationally, the number of U.S. home-buyers who agreed to buy a previously occupied home took the largest monthly jump in nearly eight years in April, the Associated Press reported. Home sales appear likely to head upward this summer, potentially to levels not seen since the stock market collapsed last autumn.
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