On September 04, 2011 at 12:00 PM, you are invited to an Open House at 2424 NE 14th Avenue in Portland. If you are looking for a Resale – single family property in this area, don™t miss this rare opportunity to visit this magnificent property. For a preview of this Resale – single family property, check out my site at www.portlandhouse.com. Please do not hesitate to Contact Me if you have any questions or wish to schedule a private showing.

On September 04, 2011 at 12:00 PM, you are invited to an Open House at 2424 NE 14th Avenue in Portland. If you are looking for a Resale – single family property in this area, don™t miss this rare opportunity to visit this magnificent property. For a preview of this Resale – single family property, check out my site at www.portlandhouse.com. Please do not hesitate to Contact Me if you have any questions or wish to schedule a private showing.

On September 04, 2011 at 12:00 PM, you are invited to an Open House at 2424 NE 14th Avenue in Portland. If you are looking for a Resale – single family property in this area, don™t miss this rare opportunity to visit this magnificent property. For a preview of this Resale – single family property, check out my site at www.portlandhouse.com. Please do not hesitate to Contact Me if you have any questions or wish to schedule a private showing.

Good morning. Here are today™s  great mortgage rates for  Thursday, June 30, 2011. Sorry for the late report.   Busy times in the mortgage markets! (but never too busy for your call, email, referral   )

These rates are for Real Estate Agent use only. Market rates may change without notice and may vary due to borrower™s  FICO score and/or LTV percentage.   These rates can be negotiated or bought down with points. Please contact me with any questions.

Thanks, and have a great day.

MM

Mark McGinnis          NMLS 98586
Mortgage Professional

P  503-282-5626            C  503-348-4917            F  503-288-1875

Pending Home Sales Turn Around in May

Washington, DC, June 29, 2011

Pending home sales rose strongly in May with all regions experiencing gains from a year ago, pointing to higher housing activity in the second half of the year, according to the National Association of Realtors ®.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 8.2 percent to 88.8 in May from an upwardly revised 82.1 in April and is 13.4 percent higher than the 78.3 reading in May 2010. The data reflects contracts but not closings, which normally occur with a lag time of one or two months.

This is the first time since April 2010 that contract activity was above year-ago levels, and the monthly gain was the strongest increase since last November when the index rose 10.6 percent.

Lawrence Yun, NAR chief economist, said the improvement bodes well for home prices. œAbsorption of inventory is the key to price improvement, and this solid gain in contract signings implies that home values in many localities are or will soon be stabilizing as inventories get absorbed at a faster pace, he said. œSome markets have made a rapid turnaround, going from soft activity to contract signings rising by more than 30 percent from a year ago, including areas such as Hartford, Conn.; Indianapolis; Minneapolis; Houston; and Seattle.

Portland, Oregon real estate news, foreclsoures, first time home buyers, homes for sale, listings- northeast portland

Please click here (or paste if link is not working) for the latest real estate market statistics for Portland, Oregon real estate news- homes for sale foreclosures:

                                http://www.rmlsweb.com/v2/public2/loadfile.asp?id=5879

Here are the latest interest rates for Portland, Oregon real estate as of 624/2011

Good morning. Here are today™s  great mortgage rates for  Friday, June 24, 2011. Have a safe, productive, profitable weekend!

These rates are for Real Estate Agent use only. Market rates may change without notice and may vary due to borrower™s  FICO score and/or LTV percentage.   These rates can be negotiated or bought down with points. Please contact me with any questions.

 Thanks, and have a great day.

 MM

Mark McGinnis          NMLS 98586
Mortgage Professional

P  503-282-5626            C  503-348-4917            F  503-288-1875

Portland, Oregon real estate:

Here are the top remodels for people thinking about selling their homes.   This is shown as a percentage of return:

Top 10 Project Paybacks  

Once again, exterior remodeling projects lead the way for recovery on dollars spent in this year™s Cost vs. Value survey. When you compare the national averages, replacement projects that boost curb appeal”siding, windows, and decks”give you the greatest chance of recouping your money. Inside, only kitchen remodels can compare, at least on a national level.

1. Upscale fiber cement siding (86.7%)

2. Midrange wood deck (81.8%)

3. Midrange vinyl siding (80.7%)

4. Upscale foam-backed vinyl (80.4%)

5. Midrange minor kitchen remodel (79.5%)  

6. Upscale vinyl window replacement (79.2%)

7. Midrange wood window replacement (77.7%)

8. Midrange vinyl window replacement  (77.2%)

9. Upscale wood window replacement (76.5%

10. Midrange major kitchen remodel (76.0%)

If you have any questions, please e-mail or call me at anytime:

James

503-421-7671

james@portlandhouse.com

Portland, OR real estate news – foreclosures, first time homebuyers, interest rates.

RISMedia, June 16,2011” Fannie Mae (FNMA/OTC) announced the expansion of incentives to encourage sales of HomePath REO properties to owner occupants. Now through October 31, qualified buyers and selling agents can receive financial incentives on sales of HomePath properties, which can be found at www.homepath.com. The incentives are part of Fannie Mae™s commitment to neighborhood stabilization, and are available on sales to buyers who will reside in the home as their primary residence.

œSupporting homeownership and stabilizing neighborhoods are critical to helping the housing market recover, saya Ed Neill, Senior Vice President for Credit Loss Management at Fannie Mae. œOur previous incentives have been effective in securing owner occupants for these properties. By encouraging homebuyers who will make these properties their long-term home, these expanded incentives will help to stabilize communities.

The expanded incentives offer qualified homebuyers up to 3.5 percent of the final sales price to put towards closing costs. In addition, selling agents representing the owner occupant buyer can now receive a $1,200 bonus. The incentive must be requested in the initial offer. Eligible initial offers must be submitted after June 14, 2011 and must close by October 31, 2011. Investor sales are not eligible for the incentive.

HomePath properties offer buyers a wide selection of options, including single-family homes, condominiums, and town houses. HomePath properties may also be eligible for HomePath Mortgage and HomePath Renovation Mortgage financing, which offers homebuyers an opportunity to purchase with as little as 3 percent down.

Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America™s secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. Our job is to help those who house America.

Good morning. Here are today™s  great mortgage rates for  Thursday, June 16, 2011.

These rates are for Real Estate Agent use only. Market rates may change without notice and may vary due to borrower™s  FICO score and/or LTV percentage.   These rates can be negotiated or bought down with points. Please contact me with any questions.

 Thanks, and have a great day.

 MM

 Mark McGinnis          NMLS 98586
Mortgage Professional

P  503-282-5626            C  503-348-4917            F  503-288-1875

Mortgage Delinquencies: First Quarter 2011

While new construction is the traditional driver of supply in real estate, foreclosures now have a strong impact on inventories, particularly at the local level. Rising inventories, through construction or foreclosure, place downward pressure on the median home prices.

In this presentation, Research Economist Selma Hepp takes an in-depth look at the state of mortgage delinquencies on a national basis”and the news is mixed. While the inventory of seriously delinquent mortgages has dropped somewhat from last year, levels need to fall much further before there is significant improvement. Mortgages with only one past-due payment and the inventory of foreclosed homes did not change significantly.

Highlights

• According to the latest MBA National Delinquency Survey for 1st quarter 2011, the seasonally adjusted delinquency rate increased slightly for 1“4 unit residential mortgage loans outstanding.
• The previous year was marked by continuous decreases in delinquent mortgage. Looking at nonseasonally adjusted data, delinquency rates in fact decreased again in the first quarter of 2011 to 7.79 percent.
• That translates to 3.6 million past due loans, again an 18.5 percent drop from the peak of 4.5 million in the first quarter of last year. That drop is primarily driven by the continued decrease in seriously delinquent inventory.
• Mortgage foreclosure inventory is not budging much. It continues at 1.98 million, which is a 3.8 percent drop from a year ago when the inventory stood at 2.05 million.

The Data

• Past-due loans, one or two payments
• Past-due mortgage payments, 90 or more days
• Mortgage foreclosure inventory
• Mortgage foreclosure started
• Seriously delinquent loans

Mortgage Delinquencies: I Quarter 2011

E-mail me for latest list of Portland, Oregon foreclosures

jrhendricks1@comcast.net

www.portlandhouse.com

portland, or real estate