Proposed Development


Originally posted on Eliot Neighborhood:

Development in North Eliot.  P - proposed, C - under construction.  CS- construction staging. Development in North Eliot. P/Pr – proposed, C – under construction. CS- construction staging.

There are quite a few projects going up right now in and around Eliot.  North Eliot is getting most of the action. The two proposed large six-plus story tower developments at NE Fremont and Williams as well as the project at NE 7th and Russell have driven the most uproar.  However, there are a number of  other developments being proposed  or already under construction.

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Understanding Portland’s “Hot” Housing Market


Originally posted on Homing in on Portland:

(Ian Sane) (Ian Sane)

Portland’s “hot” housing market has been much in the local news over the past few weeks – from KATU’s Your Voice Your Vote program on May 10th, to Oregon Public Radio, OregonLive, Portland Monthly, Portland Tribune, Investigate West and more. Key facts, trends and perspectives in the coverage are distilled in this two-part posting focusing on 4 questions:

  1. What is a hot market?
  2. Why is the Portland housing market hot?
  3. What are the benefits, costs and risks of the market – and for whom?
  4. What steps are proposed to offset costs and minimize risks?

1. What is a hot market?

Portland’s inventory of homes reached a 10-year low in March according to the Regional Multiple Listing Service. At the sales rate current then, it would have taken just 1.9 months to sell all listed properties, well under half the national average…

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Is The Portland You Love Dying?


Originally posted on I'll BE YOUR REALTOR:

portlandhead

Many Portlanders caught wind of the study released by Governing Magazine last month: Portland is the fastest gentrifying city in America, with “58 percent of Portland’s lower-priced neighborhoods gentrified since 2000,” it reported.

While growth creates jobs and prosperity for some, others will undoubtedly get left behind. And Portland’s rapid expansion could make it the urban center it fought hard to separate itself from.

With a population of 601,510 people, around 9,400 persons moved to the city between 2013 and 2014, more than double the number in the previous year. In five years, Portland’s population would reach between 630,000 and 650,000, according to statistics provided by the Population Research Center at Portland State University (PSU).

A strengthening economy could be a reason. But young people keep moving here, with or without a job.

Aaron Benson, 24, is a motorbike mechanic from Austin, Texas. He moved to Portland last August. “I…

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FHA Property Flip Rules 2015


Originally posted on Florida Mortgage Experts :

As of January 1, 2015, the exception to selling homes with FHA financing within 90 days of seller acquisition has expired. HUD defines a flip as the “purchase and subsequent resale of a property in a short period of time.”

The clock for a “flip” starts when the seller acquires legal ownership of the property. The resale date is defined as the date of execution by all parties intending to finance the property with an FHA-insured mortgage.

Homes being sold using FHA financing that are “flipped” between 91 and 180 days of original acquisition date (as defined by FHA) are eligible for FHA financing – provided:

  • The re-sale price to FHA mortgagors is less than 100% greater than previous sale
  • If re-sale price is 100% or greater than the previous sale, a second appraisal is required and must support the value. (The buyer cannot pay for the second appraisal.)
  • If the second appraisal indicates a value …

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House: The Way to a Girl’s Heart is Warm Towels!


Originally posted on Anna International:

Our first big DIY project in the house (other than shelving and painting and hanging a few pictures) was installing a heated towel rail in the bathroom. Today it is lovely and sunny outside and nice and warm, but thinking back to when we did this in February (on Valentine’s Day actually – isn’t there some saying about  couples that DIY together staying together?! Or did I make that up?) it was really damn cold around here. Snow and minus temperatures. Not fun at all, and definitely not in the mornings running soaking wet from one end of the long, very cold bathroom to the other for a warm towel after a shower. So a solution was needed.

I saw a towel rail on eBay for super cheap, and Ste bought the pipes and fittings necessary, and we set about plumbing ourselves in some warmth. Well, when I say we, I…

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Finding The Right Design Professional For Your Project


Originally posted on Karndean Designflooring:

Whether you’re redesigning one room or the whole house, we know all too well that when it comes to your interior design project, the key to success is in the finer details.

As we’re sure you’re already aware, careful planning is instrumental to building your dream vision, however, taking it from the visual on paper to a reality may require you to seek expert advice. But where do you look to find the right professional?

Interior Designer Karndean

Affordable interior design advice (yes there is such a thing, we promise!) can be found in varying forms these days, but for the best place to start, begin online:

Houzz – the online community which has been described as the Wikipedia of the interior and exterior design world. Not only is this platform a great place for inspiration, with over six million photos on architecture, interior decorating, home design and landscape, but it’s also a great place to find a home improvement professional. With a directory…

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