Activity Up
by William Metzker on February 1, 2010
For the second month in a row, RMLS reports that lockbox activity is up. This is good news if you’re selling a home in Portland.
Lockboxes are those little blue thingies that Realtors use to put your house keys inside of when they list your home. Whenever another agent takes clients to visit the house, he uses an infrared key to open the lockbox. Thus activity is tagged and recorded.
But did you see the article in this morning’s Oregonian? Some people are wondering if too much government effort at keeping interest rates artificially low is contributing to another bubble. Others, such as moi, think the tax credit is inducing people to buy before they otherwise would, putting too much buyer pressure on too few listings. In my view, single family homes priced under $300,000 are inflated to account for the tax credit and artificially low interest rates.
If you’re buying a home in Portland, this is not good news.
Activity Up
by William Metzker on February 1, 2010
For the second month in a row, RMLS reports that lockbox activity is up. This is good news if you’re selling a home in Portland.
Lockboxes are those little blue thingies that Realtors use to put your house keys inside of when they list your home. Whenever another agent takes clients to visit the house, he uses an infrared key to open the lockbox. Thus activity is tagged and recorded.
But did you see the article in this morning’s Oregonian? Some people are wondering if too much government effort at keeping interest rates artificially low is contributing to another bubble. Others, such as moi, think the tax credit is inducing people to buy before they otherwise would, putting too much buyer pressure on too few listings. In my view, single family homes priced under $300,000 are inflated to account for the tax credit and artificially low interest rates.
If you’re buying a home in Portland, this is not good news.