Join our FREE Investing in Real Estate Class Sign Me Up
Select Page

The Top Real Estate Stories of 2012

by | Dec 31, 2012 | How to Guides, Market Reports

2012 has been a roller-coaster year. In 2012 Obama was elected again, Hurricane Sandy devastated the NE, the economy started its recovery on Wall St and Main St and as I write this we are on the edge of the fiscal cliff again. I’m a real estate guy so here are my top real estate stories of 2012.

Top Real Estate Stories of 2012:
1. The real estate market hit a bottom in early 2012 and started a slow recovery.
2. Interest rates hit a low of almost 3% on a 30 year fixed rate loan and the Fed stayed committed to keep rates low.
3. The recovery has meant lower inventory which extended beyond the seasonal peak in Summer well into Fall.
4. New home and apartment building skyrocketed after years of almost no building.
5. More sales of existing homes nationally and in Portland.
6. Rents are up almost 10% in one year in Portland.

What would I love to see in 2013?
I’d like to see lending loosen up for commercial, investment and residential loans. I think the recovery will continue but if it gets easier to acquire a loan that will really speed things up. I think there is a huge market for good borrowers without perfect credit who would be willing to pay a higher rate if it means they could buy now.


Learning Center:

Advice, Opinions, and Market Reports about the Oregon and Washington Real Estate Market

Portland Luxury Condo Market Analysis

  2020 was a rough year with the pandemic, social unrest, and the closure of many restaurants and retail businesses. Nowhere was the impact more acute than in downtown urban areas across the country. Read the full  luxury condo report here to view the pre and post...

How To Buy & Sell at the Same Time

  How to buy a home when you already own a home: Have you been dreaming of your next home, but you’re not sure what to do with your current home? You’ve heard that it’s a sellers market, but what does that mean if you also need to buy?  There are three options to...

How To Retire for Real Estate Agents

Our CEO and Best Selling Author of The Golden Handoff, Nick Krautter, talks with Justin Stoddart on the Think Bigger Real Estate Show to review his revolutionary model that helps real estate agents grow their business while simultaneously helping other agents rapidly...

Start Your Search Today

For a Confidential Meeting contact:

Nick Krautter, CCIM

Principal Broker in Oregon/President

Managing Broker in Washington