July 2013 Case-Shiller Home Price Report


Real Estate Advocate

Another Report Breaking Records

“Home prices continue to strengthen,” says David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices. “Two cities set new highs, surpassing their pre-crisis levels and five cities – Atlanta, Chicago, San Diego, San Francisco and Seattle – posted monthly gains of over three percent, also a first time event.”

This is pretty big news– to gain on a monthly basis over 3 percentage points. It appears to be approaching frenzy in a few states this summer. Blitzer did not mention the two cities which set new pre-crisis highs.

The gain for the 10-city and 20-city composite was also significant at 2.5% and 2.4%.

Though the 20-City and 10-City composites appear to be at spring 2004 levels, Portland is at July 2005 levels with a figure of 151.91. It is also sitting nicely in the middle of the pack with a yearly gain of 12.5%.

People are…

View original post 126 more words

Time for a Change?


Eliot Neighborhood

Portland is revising its Comprehensive Plan. Comp Plans are a State requirement and need to be revised every 20 years. Eliot land use and zoning is currently covered by the Albina Community Plan and the Eliot Plan within it. Previous columns discussed revisions to the Central City Plan. All these plans were adopted over 20 years ago.

View original post 796 more words

Eliot Home Selected for Kitchen Revival Tour


Eliot Neighborhood

By Joan Ivan

The Architectural Heritage Center recently presented its spring showcase of the talent, skill, and creativity of local craftspeople, designers, and homeowners who wish to preserve original character and charm while making the most popular room in a home meet 21st century needs.

View original post 341 more words

Corbett Building, 1954


Vintage Portland

The 1870 Corbett Building was the first fully cast-iron fronted building in the city. It was also the only building to have its cast-iron pieces come from Baltimore, shipped around Cape Horn. Demolished two years after this photo, it was on SW 1st Avenue between Alder and Washington.

corbett building 8028 1954(University of Oregon Libraries)

View original post

Using Gift Money For Your Down Payment


Ask Carolyn Warren

kitchen counter top view No money for a down payment? If you have a family member who is willing and able to give you the funds for a down payment, you may be in luck! Here’s how it works.

Who Is Allowed to Gift Money

Gift money may come from a family member. Some lenders will stretch that to include a fiance/fiancee. Friends are not allowed to gift the down payment. Why? Because lenders believe that your parents, a grandparent, or even a brother or sister would give you cash without expecting it to be returned. But a friend? No, lenders don’t think friendship stretches that far, and that it would actually be a secret loan. Remember, borrowed money cannot be used for a down payment.

What the Gifter Has to Prove

Lenders have a form Gift Letter that the person donating the funds must fill out and sign. In addition, they have to…

View original post 383 more words

SW 5th Avenue & Washington, 1949


Vintage Portland

SW 5th Avenue was very busy place where it crossed Washington Street in this 1949 photo. Pedestrians, autos, buses and streetcars all vie for space. Other than the wooden “no left turn” sign in the middle of the intersection, there don’t appear to be any traffic controls. Both streets were two-way at the time, further complicating things.

A2005-001.900  SW 5th Ave and Washington St looking south on 5th Ave 1949(City of Portland Archives)

View original post