- Your equity grows as you pay down your home loan and as home prices increase. With home prices rising again, your equity is getting an extra boost.
- Almost half of homeowners are equity rich because they have at least 50% equity in their homes. If you’ve been in your home for a while, you might have gained a considerable amount of equity, too.
- Want to find out how much equity you have? Connect with a trusted real estate agent for a Professional Equity Assessment Report (PEAR).
Fun Things to do this week…
Chapman Swift Watch
During the month of September, head to Chapman Elementary School in Northwest Portland to see an incredible sight. One hour before sunset, thousands of Vaux’s Swifts gather overhead as they prepare to roost for the night.
When: Every day, through Sep 30
Where: Chapman Elementary School NW Portland | 1445 NW 26th Portland, OR 97210
The MAiZE at the Pumpkin Patch
The MAiZE at The Pumpkin Patch, the premier destination for family-friendly entertainment and autumnal excitement on Sauvie Island, is thrilled to announce the celebration of its 25th anniversary!
When: Through Oct31, 9 am–6 pm
Where: The Pumpkin Patch | 16525 NW Gillihan Rd. Portland, OR 97231
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 Sep 06 2023
This week the median list price for Portland, OR 97230 is $499,900 with the market action index hovering around 62. This is less than last month’s market action index of 64. Inventory has increased to 39.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller’s Market
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Portland, OR 97220
Wed Sep 06 2023
This week the median list price for Portland, OR 97220 is $455,000 with the market action index hovering around 49. This is less than last month’s market action index of 51. Inventory has decreased to 37.
Fairview, OR 97024
Wed Sep 06 2023
This week the median list price for Fairview, OR 97024 is $629,798 with the market action index hovering around 49. This is an increase over last month’s market action index of 40. Inventory has decreased to 9.
Troutdale, OR 97060
Wed Sep 06 2023
This week the median list price for Troutdale, OR 97060 is $549,995 with the market action index hovering around 57. This is an increase over last month’s market action index of 51. Inventory has decreased to 23.
Gresham, OR 97080
Wed Sep 06 2023
This week the median list price for Gresham, OR 97080 is $556,900 with the market action index hovering around 43. This is less than last month’s market action index of 45. Inventory has decreased to 125.
Portland, OR 97236
Wed Sep 06 2023
This week the median list price for Portland, OR 97236 is $539,000 with the market action index hovering around 48. This is about the same as last month’s market action index of 48. Inventory has increased to 53.
Portland, OR 97211
Wed Sep 06 2023
This week the median list price for Portland, OR 97211 is $620,000 with the market action index hovering around 53. This is less than last month’s market action index of 59. Inventory has increased to 51.
Portland, OR 97232
Wed Sep 06 2023
This week the median list price for Portland, OR 97232 is $1,036,000 with the market action index hovering around 55. This is an increase over last month’s market action index of 47. Inventory has decreased to 7.
Why It’s Still a Seller’s Market Today
Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you want to sell your house? Read more
Mortgage Rates: Past, Present, and Possible Future
If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of where mortgage rates have been historically compared to where they are now. Read more
Have you heard of HOMEBOT?
Find out everything you need to know about your homes current value here! Learn more
Are you thinking about selling your home?
FIND OUT HOW MUCH YOUR HOME IS WORTH?
RECIPE OF THE WEEK!
Tuscan Chicken Skillet
Ingredient Checklist
- Kosher salt and freshly ground black pepper
- 12 ounces fettuccine
- 4 slices bacon, chopped
- 1 pound chicken tenders, cut into 1-inch pieces
- 2 cloves garlic, minced
- 4 plum tomatoes, chopped
- 1 cup heavy cream
- 5 ounces baby spinach
- 3/4 cup grated Parmesan
- 3 tablespoons chopped fresh basil
Instructions Checklist
- Bring a large pot of salted water to a boil. Cook the fettuccine according to package directions; drain.
- Meanwhile, put the bacon in a large, cold skillet, then cook over medium-high heat, stirring occasionally, until crispy, about 8 minutes; transfer to a plate with a slotted spoon.
- Sprinkle the chicken lightly with salt and pepper and add to the skillet in a single layer. Let cook, undisturbed, until golden brown on the underside, 2 to 3 minutes. Continue to cook, stirring occasionally, until cooked through, about 4 minutes more. Transfer to the plate with the bacon.
- Reduce the heat to medium and add the garlic, stirring, until fragrant, about 30 seconds. Add the tomatoes and cream and bring to a simmer, then add the spinach and stir until just wilted. Add the bacon, chicken, fettuccine and Parmesan and toss with tongs until well coated; season to taste with salt and pepper. Sprinkle with basil and serve.
White Iced Tea
Indulgents
- 4 white tea bags (try Choice Organic White Tea)
- 4 c. water
- 1/2 c. sugar
- Fresh tarragon sprigs, to taste
Instructions Checklist
- Steep 4 white tea bags in 4 cups boiling water, then chill.
- Bring 1 cup water and 1/2 cup sugar to a boil, add tarragon, and steep until cool. Sweeten to taste with the resulting tarragon syrup, which will add a licorice note to the tea.
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