DIRKS REAL ESTATE REPORT (WEEK 44)

3 Trends That Are Good News for Today’s Homebuyers

While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home.

As the market has cooled this year, some of the intensity buyers faced during the peak frenzy of the pandemic has cooled too. Here are just a few trends that may benefit you when you go to buy a home today.

• More Homes To Choose from
• Bidding Wars Have Eased
• More Negotiation Power

Fun Things to do this week…

THIS WEEKS REAL ESTATE UPDATE

Numbers help tell a story.

Numbers are powerful, especially when it comes to real estate! Whether you are assess whether it’s a good time to buy, sale or invest these numbers can be very valuable in determining offers or best sales price! PLEASE FEEL FREE TO REACH OUT WITH ANY QUESTIONS

Portland, OR 97230
Wed  Nov 03 2022
This week the median list price for Portland, OR 97230 is $449,900 with the market action index hovering around 44. This is an increase over last month’s market action index of 42. Inventory has increased to 81. Click here to stay informed with the Portland market!

Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller’s Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Portland, OR 97220
Wed  Nov 03 2022
This week the median list price for Portland, OR 97220 is $450,000 with the market action index hovering around 41. This is less than last month’s market action index of 43. Inventory has increased to 75. Click here to stay informed with the Portland market!

Fairview, OR 97024
Wed  Nov 03 2022
This week the median list price for Fairview, OR 97024 is $519,900 with the market action index hovering around 41. This is less than last month’s market action index of 45. Inventory has increased to 15. Click here to stay informed with the Fairview market!

Troutdale, OR 97060
Wed  Nov 03 2022
This week the median list price for Troutdale, OR 97060 is $499,949 with the market action index hovering around 48. This is less than last month’s market action index of 50. Inventory has decreased to 28. Click here to stay informed with the Troutdale market!

Gresham, OR 97080
Wed  Nov 03 2022
This week the median list price for Gresham, OR 97080 is $534,000 with the market action index hovering around 41. This is about the same as last month’s market action index of 41. Inventory has increased to 135. Click here to stay informed with the Gresham market!

Portland, OR 97236
Wed  Nov 03 2022
This week the median list price for Portland, OR 97236 is $499,000 with the market action index hovering around 37. This is about the same as last month’s market action index of 37. Inventory has decreased to 89. Click here to stay informed with the Portland market!

Portland, OR 97211
Wed  Nov 03 2022
This week the median list price for Portland, OR 97211 is $557,450 with the market action index hovering around 46. This is an increase over last month’s market action index of 45. Inventory has increased to 82. Click here to stay informed with the Portland market!

Taking the Fear out of Saving for a Home

Millennials Are Still a Driving Force of Today’s Buyer Demand

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RECIPE OF THE WEEK!

Butternut Squash Mac and Cheese
Ingredient Checklist

• 1 Medium spaghetti squash
• 1 Tbsp Oil, divided
• 8 Oz Boneless, skinless chicken breast, cubed
• Salt
• Garlic powder
• Onion powder

For the pesto:

• 6 Tbsp Pine nuts
• 2 Cups Basil, lightly packed (32g)
• 1 Tbsp Fresh lemon juice
• 1 tsp Fresh garlic, minced
• 1/2 tsp Salt
• 2 Tbsp Olive oil

Instructions Checklist

• Heat your oven to 400 degrees and line a rimmed baking sheet with aluminum foil.
• Cut the spaghetti squash in half length wise and scoop out the seeds. Rub the inside with 1/2 Tbsp of the oil and sprinkle with salt. Place, cut-side down on the baking sheet and bake until fork tender, about 45 mins – to one hour. Additionally, spread the pine nuts on a small baking sheet and bake until just golden brown, about 5-10 minutes.
• Once the squash is done, heat the other 1/2 Tbsp of oil in a large pan on medium heat. Sprinkle the chicken cubes with salt, garlic powder and onion powder (no measurements, just sprinkle!) and cook until golden brown, about 5 minutes.

Make the pesto

• Put the pine nuts into a SMALL food processor (mine is 3 cups) and pulse until crushed. Add in all the remaining ingredients, except the oil, and process until combined, scraping the sides as needed.
• With the food processor running, stream in the oil until well combined.
• Divide the squash between 2 bowls and mix in 1/2 the pesto with each squash. Top with chicken and additional sliced basil, if desired. Season to taste with salt.
• DEVOUR

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