Jefferson High School
Utility Issues with Rental Properties, by Troy Rappold, Rappold Property Management
When a rental property that is occupied by a tenant is sold to a new owner there are many details that require diligent attention. One of these areas is the utility billing and interim billing. Interim billing is one of the first things that you would want to cancel because an Owner doesn’t want to accidently pay for bill that isn’t their responsibility. This ensures proper and accurate billing. As a general rule, the tenant is responsible for all utilities for a single family home. In this case nothing changes if ownership changes and the tenant stays in place. If the house is located in a city where the population is over 100K, the owner is responsible for the garbage service. In this case, the garbage bill is changed to the name of the new Owner.
As a local property management company, we have the garbage bills mailed to our office and we pay it out of the rental income on behalf of the owner. That way the charge will be reflected on the monthly statement. This is important because this expense is a tax write-off for the home owner. If the new Owner is going to move into the property, and the tenant is going to move out, then all utilities will be a prorated amount based upon the move out date of the tenant. If the tenant moves out on the 18th of the month, then they are responsible for 18 days’ worth of electricity, water, sewer, garbage and natural gas. As the property management company for the house, we track this and make sure all these charges are distributed correctly.
We also manage condominiums and often times the owner/investor will pay the Condo Association fees that include water, sewer and garbage. These charges are also a tax write off and can be tracked for the year. Although none of this is difficult to manage, it does need to be watched carefully so all parties involved pay only their share. This careful attention to detail is what we do here at Rappold Property Management.
Rappold Property Management, LLC
1125 SE Madison Street, suite #201
Portland, OR 97214
Phone: 503-232-5990
Fax: 503-232-1462
The Advantage of Property Management, By Troy Rappold
In business, the slogan “Just Do It!” rings true and will serve you well. In the world of Property Management this is applicable as well. After all, we are trying to grow our business and be successful when we manage your asset wisely and efficiently. However, more often than not our slogan is “Just Do the Right Thing!”
As property managers we work with many vendors who complete work on our properties. We want quick, quality repairs, and at a good price for our clients. Sometimes this requires tough conversations. Navigating this world is our expertise and it is part of why you rely on us. Our fiduciary responsibility is always you, the client.
The other piece of the puzzle we have to navigate is relations with tenants. Our job is to provide clean, safe, well-maintained housing. However, and this might come as a shock, sometimes tenants can have expectations that are out of line. Just because a kitchen counter has a scratch on it doesn’t mean we need to replace the entire counter top with new, beautiful granite from Brazil. Often times a property manager has to say “no” in the most professional and courteous way possible.
Real Estate management is an active, engaging industry. One cannot just buy an investment property and watch it appreciate or mature, like treasury bonds. Having the right management in place is just as important as buying the right property at the right price. We have the expertise and experience to navigate the difficulties and pitfalls for you. Here at Rappold Property Management we take our job very seriously and we manage your property as if it were our own.
Troy Rappold
Rappold Property Management, LLC
1125 SE Madison Street, suite #201
Portland, OR 97214
Phone: 503-232-5990
Fax: 503-232-1462
http://rappoldpropertymanagement.com
Asking Prices and Inventory for Homes in Portland Oregon, by Deptofnumbers.com
As of March 17 2014 there were about 7,821 single family and condo homes listed for sale in Portland Oregon. The median asking price of these homes was approximately $299,000. Since this time last year, the inventory of homes for sale has decreased by 2.2% and the median price has increased by 10.8%.
| March 17, 2014 | Month/Month | Year/Year | |
|---|---|---|---|
| Median Asking Price | $299,000 | +3.3% | +10.8% |
| Home Listings/Inventory | 7,821 | -0.7% | -2.2% |
Recent Asking Price and Inventory History for Portland
| Date | Single Family & Condo Inventory |
25th Percentile Asking Price |
Median Asking Price |
75th Percentile Asking Price |
|---|---|---|---|---|
| 03/17/2014 | 7,821 | $215,000 | $299,000 | $465,000 |
| 03/10/2014 | 7,819 | $214,900 | $297,565 | $460,000 |
| 03/03/2014 | 7,870 | $214,900 | $294,900 | $450,000 |
| 02/24/2014 | 7,818 | $214,500 | $289,900 | $450,000 |
| 02/17/2014 | 7,874 | $213,000 | $289,500 | $449,900 |
Portland Asking Price History
The median asking price for homes in Portland peaked in April 2007 at $354,740 and is now $57,585 (16.2%) lower. From a low of $239,125 in February 2011, the median asking price in Portland has increased by $58,030 (24.3%).
25th, Median (50th) and 75th Percentile Asking Prices for Portland Oregon
Portland Housing Inventory History
Housing inventory in Portland, which is typically highest in the spring/summer and lowest in the fall/winter, peaked at 23,354 in July 2008. The lowest housing inventory level seen was 7,810 in February 2014.
Housing Inventory for Portland Oregon
Portland Asking Price and Inventory History
| Date | Single Family & Condo Inventory |
25th Percentile Asking Price |
Median Asking Price |
75th Percentile Asking Price |
|---|---|---|---|---|
| March 2014 | 7,837 | $214,933 | $297,155 | $458,333 |
| February 2014 | 7,810 | $211,875 | $288,950 | $449,450 |
| January 2014 | 7,857 | $209,225 | $286,975 | $444,025 |
| December 2013 | 8,570 | $209,920 | $289,144 | $449,520 |
| November 2013 | 9,392 | $210,177 | $289,350 | $449,900 |
| October 2013 | 9,929 | $212,815 | $294,463 | $450,000 |
| September 2013 | 10,167 | $211,790 | $296,780 | $451,980 |
| August 2013 | 10,119 | $210,875 | $297,000 | $450,000 |
| July 2013 | 9,490 | $206,640 | $296,560 | $450,000 |
| June 2013 | 8,858 | $199,688 | $288,694 | $449,975 |
| May 2013 | 8,527 | $194,888 | $281,850 | $446,900 |
| April 2013 | 8,075 | $186,800 | $274,540 | $439,060 |
| March 2013 | 7,969 | $182,923 | $267,425 | $427,213 |
| February 2013 | 7,981 | $179,900 | $262,450 | $419,731 |
| January 2013 | 8,250 | $179,075 | $259,217 | $404,725 |
| December 2012 | 8,627 | $178,900 | $259,720 | $405,750 |
| November 2012 | 9,408 | $179,675 | $260,950 | $408,963 |
| October 2012 | 10,259 | $179,900 | $267,160 | $418,600 |
| September 2012 | 10,828 | $179,900 | $268,975 | $418,450 |
| August 2012 | 11,102 | $179,675 | $268,725 | $418,500 |
| July 2012 | 11,140 | $177,600 | $266,598 | $411,651 |
| June 2012 | 11,362 | $174,825 | $259,675 | $399,950 |
| May 2012 | 11,227 | $169,713 | $252,463 | $399,450 |
| April 2012 | 10,820 | $169,160 | $249,910 | $397,940 |
| March 2012 | 9,683 | $174,450 | $259,450 | $406,225 |
| February 2012 | 10,549 | $169,225 | $248,250 | $388,025 |
| January 2012 | 10,833 | $169,080 | $246,960 | $381,960 |
| December 2011 | 11,461 | $169,925 | $248,375 | $385,675 |
| November 2011 | 12,018 | $174,750 | $250,972 | $397,425 |
| October 2011 | 12,846 | $179,530 | $258,720 | $399,900 |
| September 2011 | 13,509 | $179,939 | $259,900 | $399,900 |
| August 2011 | 14,672 | $179,360 | $256,590 | $395,540 |
| July 2011 | 14,772 | $178,150 | $253,188 | $389,225 |
| June 2011 | 14,762 | $176,475 | $250,970 | $386,970 |
| May 2011 | 14,582 | $173,184 | $249,160 | $375,780 |
| April 2011 | 14,748 | $169,950 | $242,400 | $364,975 |
| March 2011 | 15,458 | $169,800 | $239,675 | $359,575 |
| February 2011 | 15,531 | $169,675 | $239,125 | $354,725 |
| January 2011 | 15,001 | $170,760 | $239,158 | $356,380 |
| December 2010 | 16,118 | $176,200 | $242,700 | $363,363 |
| November 2010 | 17,018 | $180,160 | $249,330 | $373,780 |
| October 2010 | 17,614 | $184,975 | $253,375 | $381,975 |
| September 2010 | 18,282 | $189,100 | $258,925 | $390,950 |
| August 2010 | 18,579 | $190,940 | $261,150 | $397,160 |
| July 2010 | 18,160 | $195,163 | $267,475 | $399,000 |
| June 2010 | 17,488 | $196,853 | $268,875 | $399,800 |
| May 2010 | 17,035 | $198,880 | $269,620 | $399,818 |
| April 2010 | 17,279 | $198,000 | $266,750 | $392,500 |
| March 2010 | 16,495 | $195,600 | $264,460 | $393,960 |
| February 2010 | 15,382 | $194,938 | $264,450 | $395,198 |
| January 2010 | 14,895 | $197,819 | $267,425 | $399,225 |
| December 2009 | 15,329 | $199,897 | $272,038 | $402,212 |
| November 2009 | 15,902 | $202,750 | $277,760 | $417,780 |
| October 2009 | 16,573 | $209,675 | $283,646 | $428,225 |
| September 2009 | 17,165 | $210,000 | $289,475 | $436,100 |
| August 2009 | 17,595 | $211,760 | $292,880 | $444,320 |
| July 2009 | 17,819 | $212,950 | $294,950 | $449,000 |
| June 2009 | 17,870 | $213,460 | $294,920 | $449,100 |
| May 2009 | 17,713 | $211,475 | $293,291 | $445,250 |
| April 2009 | 17,978 | $212,525 | $289,925 | $444,725 |
| March 2009 | 18,506 | $214,153 | $289,930 | $443,360 |
| February 2009 | 18,449 | $216,014 | $293,968 | $448,125 |
| January 2009 | 18,872 | $219,952 | $297,855 | $452,809 |
| December 2008 | 19,842 | $223,220 | $302,773 | $458,508 |
| November 2008 | 20,983 | $226,382 | $307,532 | $464,024 |
| October 2008 | 22,086 | $229,650 | $312,450 | $469,724 |
| September 2008 | 22,973 | $233,730 | $319,580 | $474,990 |
| August 2008 | 23,314 | $235,200 | $322,000 | $475,725 |
| July 2008 | 23,354 | $236,074 | $324,550 | $475,000 |
| June 2008 | 22,657 | $239,150 | $324,920 | $479,459 |
| May 2008 | 21,505 | $239,900 | $325,000 | $480,947 |
| April 2008 | 20,669 | $239,900 | $324,937 | $479,912 |
| March 2008 | 19,381 | $241,300 | $324,860 | $485,960 |
| February 2008 | 18,409 | $240,485 | $324,925 | $479,912 |
| January 2008 | 17,659 | $243,500 | $324,962 | $481,765 |
| December 2007 | 18,584 | $245,120 | $327,975 | $489,355 |
| November 2007 | 19,926 | $248,665 | $330,475 | $486,425 |
| October 2007 | 20,762 | $249,950 | $337,260 | $493,980 |
| September 2007 | 20,656 | $253,425 | $339,900 | $497,749 |
| August 2007 | 19,837 | $257,712 | $342,975 | $499,124 |
| July 2007 | 18,710 | $261,120 | $349,120 | $499,930 |
| June 2007 | 17,670 | $264,282 | $349,950 | $507,949 |
| May 2007 | 16,386 | $264,900 | $350,975 | $512,662 |
| April 2007 | 15,059 | $264,900 | $354,740 | $517,740 |
| March 2007 | 13,897 | $264,450 | $353,850 | $523,425 |
| February 2007 | 13,814 | $258,517 | $349,800 | $516,750 |
| January 2007 | 13,726 | $255,810 | $349,637 | $507,441 |
| December 2006 | 14,746 | $257,149 | $348,246 | $499,949 |
| November 2006 | 15,671 | $258,837 | $348,750 | $499,900 |
| October 2006 | 16,027 | $259,640 | $348,834 | $499,900 |
| September 2006 | 15,239 | $261,098 | $349,675 | $499,937 |
| August 2006 | 14,029 | $264,925 | $350,737 | $518,587 |
| July 2006 | 12,864 | $264,920 | $350,470 | $525,980 |
| June 2006 | 11,261 | $264,925 | $349,975 | $530,937 |
| May 2006 | 9,804 | $262,340 | $350,940 | $532,360 |
| April 2006 | 8,701 | $256,433 | $346,433 | $526,224 |
Data on deptofnumbers.com is for informational purposes only. No warranty or guarantee of accuracy is offered or implied. Contact ben@deptofnumbers.com (or @deptofnumbers on Twitter) if you have any questions, comments or suggestions. Privacy policy.
Landlords: Renters That Smoke, by Troy Rappold, Rappold Property Management, LLC
The ability to smoke in public and at apartment communities has been under attack for years. But what about rental homes? Often times an owner plans to rent their home for only a year or two. Certainly the owner does not want to receive the house back with the smell of cigarette smoke still lingering in the house. Even if the renter was a model tenant in all other respects, cigarette smoke can be very destructive. Smoking turns walls yellow (new paint job $1,200), it destroys carpets ($1,500), and it requires a deeper cleaning, perhaps with a deionizer ($500). The cost of all this stress…priceless.
The best approach? In all of our homes we have a no smoking policy. However, we do allow the renter to smoke outside, perhaps on the porch or deck. However, this issue can be a hard one to enforce. What if it’s cold outside? Who wants to stand outside when it’s only 35 degrees? The renter is easily tempted to stand inside the house or close to an open window and light up. Inevitably, smoke gets in the house and the home owner smells the evidence. A good suggestion is to do an inspection within the first month or two of a new lease if you know the renter smokes. Catch the problem early. Then do another inspection a few months later to make sure. If you detect smoke after the tenant moves out, a landlord can charge the tenant for the remediation of the smell. But this can be a tricky proposition. It is always best to be pro-active and keep this issue from becoming a possible expense. It is less ideal to react and pursue a vacating tenant for money.
You can always call Rappold Property Management with questions about your single family home investment.
Troy Rappold
Rappold Property Management, LLC
1125 SE Madison Street, suite #201
Portland, OR 97214
Phone: 503-232-5990
Fax: 503-232-1462
4 Tips On Giving Your Mudroom A Makeover, by Steph Noble, Northwest Mortgage Group
From crunched-up leaves stuck to bottoms of shoes to bulky coats shed as soon as kids walk through the door, mudrooms are ideal for keeping outdoor dirt, wet clothing and outerwear from being strewn throughout your home.
Mudrooms not only keep the rest of your house clean, but they also designate a spot for those last-minute grabs, such as coats, umbrellas and purses, when you’re running out the door.
These rooms are great catchalls. However, an organized mudroom can make your life and those hectic mornings much less stressful. Below are smart tips for getting your mudroom ready this fall.
1. Put In Seating
After shedding outer layers, the next thing anyone wants to do after coming inside on a cold, wet day is to take off their mucky shoes. So make sure there is a built-in bench or convenient chair for people to sit down and tend to their tootsies. Whether taking off or putting on shoes, it makes life a little more comfortable.
2. Install A Sink
A mudroom is supposed to be the catchall for everything dirty from the outdoors. With this in mind, a sink for washing off the grime and mud makes sense. Then you can clean your clothing in the contained space without having to haul them to the kitchen sink or laundry room.
3. Create Cubbies
Even though this space is designated as a drop-off point before entering the main living space, you don’t want everything just thrown into one big confusing pile. Create individual cubbies for every person in your household. Each cubby should contain a shelf for purses and backpacks, hooks for coats and a low place for shoes.
4. Splurge On A Boot Warmer
While electric boot warmers can be a little expensive, you will definitely think it’s worth the money when it’s freezing outside and your shoes are damp. Electric boot warmers heat your shoes on pegs and dry them out at the same time. They also work well on gloves.
Fall is a mudroom’s busy season; so get it in shape with the tips above. With all the coats hanging on their hooks, shoes in their cubbies and dirt contained to this designated space, your life will be a little more organized and much less stressful!
Steph Noble
Northwest Mortgage Group
(503) 528-9800
http://www.stephnoble.com
http://www.nwmortgagegoup.com
Related articles
- The 7 Elements of a Perfect Mudroom (apartmenttherapy.com)
- Before & After: A Mudroom Goes Miniature (apartmenttherapy.com)
- Make Way for Mudrooms (californiaclosets.wordpress.com)
- outdoor mudroom . . . (kysakelleher.com)
- 83. The Mudroom Demolition (applehillcottage.org)
- The 7 Elements of a Perfect Mudroom (joindahunt.com)
- Even a Mudroom Needs a Facelift (cherneeshouse.wordpress.com)
Asking Prices and Inventory for Homes in Portland Oregon June 3rd 2013
As of June 03 2013 there were about 8,714 single family and condo homes listed for sale in Portland Oregon. The median asking price of these homes was approximately $285,077. Since this time last year, the inventory of homes for sale has decreased by 23.4% and the median price has increased by 10.1%.
| June 03, 2013 | Month/Month | Year/Year | |
|---|---|---|---|
| Median Asking Price | $285,077 | +1.8% | +10.1% |
| Home Listings/Inventory | 8,714 | +3.5% | -23.4% |
Recent Asking Price and Inventory History for Portland
| Date | Single Family & Condo Inventory |
25th Percentile Asking Price |
Median Asking Price |
75th Percentile Asking Price |
|---|---|---|---|---|
| 06/03/2013 | 8,714 | $199,000 | $285,077 | $449,900 |
| 05/27/2013 | 8,631 | $197,700 | $285,000 | $449,000 |
| 05/20/2013 | 8,597 | $195,000 | $282,500 | $441,100 |
| 05/13/2013 | 8,460 | $194,950 | $280,000 | $448,500 |
| 05/06/2013 | 8,420 | $191,900 | $279,900 | $449,000 |
Portland Asking Price History
The median asking price for homes in Portland peaked in April 2007 at $354,740 and is now $69,663 (19.6%) lower. From a low of $239,125 in February 2011, the median asking price in Portland has increased by $45,952 (19.2%).
25th, Median (50th) and 75th Percentile Asking Prices for Portland Oregon
Portland Housing Inventory History
Housing inventory in Portland, which is typically highest in the spring/summer and lowest in the fall/winter, peaked at 23,354 in July 2008. The lowest housing inventory level seen was 7,969 in March 2013.
Housing Inventory for Portland Oregon
Portland Asking Price and Inventory History
| Date | Single Family & Condo Inventory |
25th Percentile Asking Price |
Median Asking Price |
75th Percentile Asking Price |
|---|---|---|---|---|
| June 2013 | 8,714 | $199,000 | $285,077 | $449,900 |
| May 2013 | 8,527 | $194,888 | $281,850 | $446,900 |
| April 2013 | 8,075 | $186,800 | $274,540 | $439,060 |
| March 2013 | 7,969 | $182,923 | $267,425 | $427,213 |
| February 2013 | 7,981 | $179,900 | $262,450 | $419,731 |
| January 2013 | 8,250 | $179,075 | $259,217 | $404,725 |
| December 2012 | 8,627 | $178,900 | $259,720 | $405,750 |
| November 2012 | 9,408 | $179,675 | $260,950 | $408,963 |
| October 2012 | 10,259 | $179,900 | $267,160 | $418,600 |
| September 2012 | 10,828 | $179,900 | $268,975 | $418,450 |
| August 2012 | 11,102 | $179,675 | $268,725 | $418,500 |
| July 2012 | 11,140 | $177,600 | $266,598 | $411,651 |
| June 2012 | 11,362 | $174,825 | $259,675 | $399,950 |
| May 2012 | 11,227 | $169,713 | $252,463 | $399,450 |
| April 2012 | 10,820 | $169,160 | $249,910 | $397,940 |
| March 2012 | 9,683 | $174,450 | $259,450 | $406,225 |
| February 2012 | 10,549 | $169,225 | $248,250 | $388,025 |
| January 2012 | 10,833 | $169,080 | $246,960 | $381,960 |
| December 2011 | 11,461 | $169,925 | $248,375 | $385,675 |
| November 2011 | 12,018 | $174,750 | $250,972 | $397,425 |
| October 2011 | 12,846 | $179,530 | $258,720 | $399,900 |
| September 2011 | 13,509 | $179,939 | $259,900 | $399,900 |
| August 2011 | 14,672 | $179,360 | $256,590 | $395,540 |
| July 2011 | 14,772 | $178,150 | $253,188 | $389,225 |
| June 2011 | 14,762 | $176,475 | $250,970 | $386,970 |
| May 2011 | 14,582 | $173,184 | $249,160 | $375,780 |
| April 2011 | 14,748 | $169,950 | $242,400 | $364,975 |
| March 2011 | 15,458 | $169,800 | $239,675 | $359,575 |
| February 2011 | 15,531 | $169,675 | $239,125 | $354,725 |
| January 2011 | 15,001 | $170,760 | $239,158 | $356,380 |
| December 2010 | 16,118 | $176,200 | $242,700 | $363,363 |
| November 2010 | 17,018 | $180,160 | $249,330 | $373,780 |
| October 2010 | 17,614 | $184,975 | $253,375 | $381,975 |
| September 2010 | 18,282 | $189,100 | $258,925 | $390,950 |
| August 2010 | 18,579 | $190,940 | $261,150 | $397,160 |
| July 2010 | 18,160 | $195,163 | $267,475 | $399,000 |
| June 2010 | 17,488 | $196,853 | $268,875 | $399,800 |
| May 2010 | 17,035 | $198,880 | $269,620 | $399,818 |
| April 2010 | 17,279 | $198,000 | $266,750 | $392,500 |
| March 2010 | 16,495 | $195,600 | $264,460 | $393,960 |
| February 2010 | 15,382 | $194,938 | $264,450 | $395,198 |
| January 2010 | 14,895 | $197,819 | $267,425 | $399,225 |
| December 2009 | 15,329 | $199,897 | $272,038 | $402,212 |
| November 2009 | 15,902 | $202,750 | $277,760 | $417,780 |
| October 2009 | 16,573 | $209,675 | $283,646 | $428,225 |
| September 2009 | 17,165 | $210,000 | $289,475 | $436,100 |
| August 2009 | 17,595 | $211,760 | $292,880 | $444,320 |
| July 2009 | 17,819 | $212,950 | $294,950 | $449,000 |
| June 2009 | 17,870 | $213,460 | $294,920 | $449,100 |
| May 2009 | 17,713 | $211,475 | $293,291 | $445,250 |
| April 2009 | 17,978 | $212,525 | $289,925 | $444,725 |
| March 2009 | 18,506 | $214,153 | $289,930 | $443,360 |
| February 2009 | 18,449 | $216,014 | $293,968 | $448,125 |
| January 2009 | 18,872 | $219,952 | $297,855 | $452,809 |
| December 2008 | 19,842 | $223,220 | $302,773 | $458,508 |
| November 2008 | 20,983 | $226,382 | $307,532 | $464,024 |
| October 2008 | 22,086 | $229,650 | $312,450 | $469,724 |
| September 2008 | 22,973 | $233,730 | $319,580 | $474,990 |
| August 2008 | 23,314 | $235,200 | $322,000 | $475,725 |
| July 2008 | 23,354 | $236,074 | $324,550 | $475,000 |
| June 2008 | 22,657 | $239,150 | $324,920 | $479,459 |
| May 2008 | 21,505 | $239,900 | $325,000 | $480,947 |
| April 2008 | 20,669 | $239,900 | $324,937 | $479,912 |
| March 2008 | 19,381 | $241,300 | $324,860 | $485,960 |
| February 2008 | 18,409 | $240,485 | $324,925 | $479,912 |
| January 2008 | 17,659 | $243,500 | $324,962 | $481,765 |
| December 2007 | 18,584 | $245,120 | $327,975 | $489,355 |
| November 2007 | 19,926 | $248,665 | $330,475 | $486,425 |
| October 2007 | 20,762 | $249,950 | $337,260 | $493,980 |
| September 2007 | 20,656 | $253,425 | $339,900 | $497,749 |
| August 2007 | 19,837 | $257,712 | $342,975 | $499,124 |
| July 2007 | 18,710 | $261,120 | $349,120 | $499,930 |
| June 2007 | 17,670 | $264,282 | $349,950 | $507,949 |
| May 2007 | 16,386 | $264,900 | $350,975 | $512,662 |
| April 2007 | 15,059 | $264,900 | $354,740 | $517,740 |
| March 2007 | 13,897 | $264,450 | $353,850 | $523,425 |
| February 2007 | 13,814 | $258,517 | $349,800 | $516,750 |
| January 2007 | 13,726 | $255,810 | $349,637 | $507,441 |
| December 2006 | 14,746 | $257,149 | $348,246 | $499,949 |
| November 2006 | 15,671 | $258,837 | $348,750 | $499,900 |
| October 2006 | 16,027 | $259,640 | $348,834 | $499,900 |
| September 2006 | 15,239 | $261,098 | $349,675 | $499,937 |
| August 2006 | 14,029 | $264,925 | $350,737 | $518,587 |
| July 2006 | 12,864 | $264,920 | $350,470 | $525,980 |
| June 2006 | 11,261 | $264,925 | $349,975 | $530,937 |
| May 2006 | 9,804 | $262,340 | $350,940 | $532,360 |
| April 2006 | 8,701 | $256,433 | $346,433 | $526,224 |
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
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[QE] is definitely a pretty roundabout way of driving money into the real economy. Instead of putting the money directly to work, pay money to people who already have assets even more than their assets are currently trading for, in the hope that they’ll put at least some of the money to work.
In a sidenote he addresses “helicopter money” AKA “QE for the people.”
QE involves paying over a $ (or Pounds, or Yen) amount in return for an existing asset. This is a crucial feature, and accounts for many of the drawbacks — in particular that the policy benefits above all existing holders of assets. In theory, just handing money to everybody in the country is a more effective and equal way of acheiving its aims. But you don’t have to be a hard-money Bundesbanker to be at least a little uncomfortable with where this might end up
QE via asset purchases does strike me as a very roundabout way of addressing a demand shortfall in a substantially consumer driven economy. But as the above post suggests, nothing else may be politically viable.
…
Institutional home buying fatigue?
We just don’t see the returns there that are adequate to incentivize us to continue to invest, [Bruce] Rose, 55, chief executive officer of Carrington Holding Co. LLC, said in an interview at his Aliso Viejo, California office. There’s a lot of — bluntly — stupid money that jumped into the trade without any infrastructure, without any real capabilities and a kind of build-it-as-you-go mentality that we think is somewhat irresponsible.
#2013-05-29 [ via ]
…
You don’t see 
Housing inventory trajectory for 2013.
I forgot to point out this post by Calculated Risk earlier this week. He’s using my housing inventory data to chart the trajectory of listings coming online this year. Inventory has come way down over the past couple of years and the big question is whether this winter will mark a bottom. If a lot of homes go on the market this spring, it probably indicates a bottom.
…
Steve Randy Waldman: I think the behavior of real interest rates is the empirical fingerprint of the effect of inequality on demand.
Where the missing demand comes from:
Household borrowing represents, in a very direct sense, a redistribution of purchasing power from savers to borrowers. So if we worry that oversaving by the rich may lead to an insufficiency of purchases [by poorer households], household borrowing is a natural place to look for a remedy. Sure enough, we find that beginning in the early 1980s, household borrowing began a secular rise that continued until the financial crisis.
Why that’s a problem:
Suppose that the mechanism that reconciles inequality and adequate demand is household borrowing. Is that sustainable? After all, poorer households would have to borrow new purchasing power in every period in order to support demand for as long as inequality remains high.
How it messes with the role of banks in the economy:
We very explicitly ask banks to intermediate the deficit in demand, exhorting them to lend lend lend for macroeconomic reasons that are indifferent to microeconomic evaluations of solvency. We can have a banking system that performs the information work of credit analysis and lends appropriately, or we can have a banking system that overcomes deficiencies in demand. We cannot have both when great volumes of lending are continually required for structural reasons.
The elegance and insight density of this post is off the charts!
Data on deptofnumbers.com is for informational purposes only. No warranty or guarantee of accuracy is offered or implied. Contact ben@deptofnumbers.com (or @deptofnumbers on Twitter) if you have any questions, comments or suggestions.
Department of Numbers
http://www.deptofnumbers.com/
How To Have the Best Garage Sale Ever At Your Home, by Steph Noble
It’s getting close to that time of year again — time to have a garage sale at your home!
Here are a few tips to help you have your most successful garage sale ever.
Advertise Your Sale In Local Newspapers And Online
Many of the habitual Saturday morning garage sale patrons use the paper to plan their treasure hunts.
They do this to make sure they hit all of the sales in certain neighborhoods.
In the ad, mention your home address, date and time of your garage sale and any big or popular items you’ll be selling.
Open Your Sale Early
It’s best to open early, such as around seven in the morning a sales tend to taper off in the afternoon.
Don’t disappoint early shoppers who are typically your best buyers.
They have a busy schedule and a lot of stops to hit.
Open on time or even a few minutes before the time you advertised.
Make Plenty Of Signs To Guide Customers In
If your yard is difficult to see or is not on a main road, be sure to post signs pointing the way.
If allowed, attach a few balloons to it which will catch the attention of passing motorists.
Have Everything Labeled With Reasonable Prices
You’ll get some customers who try to haggle, but for most customers, not knowing the prices is a quick way to have them moving on to another sale.
Keep in mind that these shoppers are looking for a bargain and price accordingly.
You can individually label each item, or use an easily readable color-coded chart.
For instance, a blue sticker means 25 cents, red stickers mean 50 cents and yellow stickers mean $1.
Offer Specials At Different Points During The Garage Sale
You can offer a 2-for-1 sale or a twenty percent off special.
At the end of the day, you may want to have an unadvertised special such as fill a bag for $1 to get rid of as much as possible.
It’s always a good idea to have a “free box” for items that are already low-priced and don’t move during the first half of the sale.
Donate Leftovers
Make your life easier and do something for others by donating any items that don’t sell.
If you plan carefully, you can schedule a pick up by your local charitable organization at the end of your garage sale.
Garage sales are a great way to get the clutter and unused collection of items out of your house while recycling them at the same time.
Using these tips, you’re well on your way to having your best garage sale ever.
Steph Noble
http://stephnoblemortgageblog.com/
How to use “Gift Funds” to buy your next home!
Did you know that your relative, fiance, domestic partner, or even employer can “gift” you the money needed for your down-payment and closing costs? Watch today for details!
Have Dinner on Us for Next 30 Years!
How much do you spend when you go out to dinner with your family or friends? What if I could show you how I can cover that cost for the next 30 years? Watch today’s video for details!
What you should know about Mortgage Debt Forgiveness
Starting today, I will not be publishing rates online anymore. In this video, I explain why and how you can get an accurate refinance or purchase loan. Plus, some fact about Mortgage-Debt-Forgiveness that you should know! Get an accurate rate quote for your loan at www.GoNorthwestLoans.com
Today’s solar flare may affect housing – really?
Today, the Earth is facing a direct blow from the Sun … and I’m not talking about warm temps. Plus, Congress is looking to raise home loan fees yet again … watch video for details!
Buy your next home WITHOUT selling your current one first!
Many people believe the only way they can buy a new home, is by selling their existing one first. Not necessarily true, and your dream home might just be a phone call away!
Concordia Neighborhood Charmer: 5934 NE 23RD AVE Portland, Or. $386,250
Concordia Neighborhood Tudor. Close to New Seasons Market, Kennedy School,Concordia University,and Alberta Park. Enjoy the lifestyle of close in Portland. Owners ahve carefully updated this home and brought out the charm and style English Tudors are known for. Located in a quiet close in neighborhood with old trees and sidewalks. This home is a must see for anyone looking for a larger home in a quiet close in neighborhood. Home drips with charm and grace. MLS#12076403 4 Bedroom, 2 Bathroom, 2795 Square Foot home.
Fred Stewart
Stewart Group Realty
503-289-4970
info@sgrealtyinc.com
Preferred Mortgage Broker
Melissa Stashin
Pacific Residential
Mortgage 971-221-5656 Cell
melissa.stashin@pacresmortgage.com
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