Portland, OR HUD Housing and Foreclosure Homes

11-20-2020

Active

 

1 br

1 ba

518 sqft

Condo

Foreclosure

$133,900

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11-15-2020

Active

 

1 br

1 ba

Condo

Foreclosure

$343,332

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11-13-2020

Active

 

1 br

1 ba

Condo

Foreclosure

$389,900

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11-04-2020

Active

 

2 br

1 ba

Condo

Foreclosure

$209,900

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11-04-2020

Active

 

2 br

1 ba

1353 sqft

Single-Family

Foreclosure

$360,000

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10-28-2020

Active

 

2 br

1 ba

1063 sqft

Condo

Foreclosure

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10-24-2020

Active

 

3 br

3 ba

Single-Family

Foreclosure

$386,500

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10-21-2020

Active

 

3 br

3 ba

2245 sqft

Single-Family

Foreclosure

$524,900

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10-10-2020

Active

 

2 br

1 ba

902 sqft

Condo

Foreclosure

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10-09-2020

Active

 

3 br

2 ba

1192 sqft

Single-Family

Foreclosure

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10-09-2020

Active

 

2 br

1 ba

1298 sqft

Single-Family

Foreclosure

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10-09-2020

Active

 

2 br

1 ba

840 sqft

Single-Family

Foreclosure

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10-09-2020

Active

 

4 br

3 ba

2593

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On the market: Portland homes with 4 bedrooms for sale under $400,000

The desire for a house with many bedrooms to shelter more relatives was made clear during the coronavirus pandemic.

Many young adults who lost their jobs when businesses closed and college students were sent away from campuses returned to their family homes.

A majority of young adults — 52% of 18- to 29-year-olds — now live with one or both of their parents, according to a Pew Research Center analysis of July’s Census Bureau data. That percentage passes the previous peak, which occurred during the Great Depression.

Potential sellers, who don’t want to move during a pandemic, are staying put, exacerbating an already low number of residential properties for sale in Oregon.

A months-long run on larger homes adds to buyers’ difficulty in finding a home for sale with four or more bedrooms.

Fires that destroyed thousands of homes across the state this month have also contributed to the housing

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Portland homes for sale: Prices rise, inventory plunges, both favoring sellers

Despite a roller-coaster stock market, lingering pandemic and uncertainty caused by natural and made disasters, the real estate market continues to connect buyers to sellers.

In August, 3,149 residential properties in Portland metro changed hands, according to the latest report by the local listing service RMLS.

“The drama this past month wasn’t real estate,” says Dustin Miller of Windermere Realty Trust in Lake Oswego. “Somehow real estate still forged ahead for so many who wanted or needed it in the past month.”

The low number of homes for sale continues to plague home shoppers and favor sellers. As a result, the median sale price rose to $449,000, a $4,000 or 0.9% increased from July, according to the RMLS.

Inventory of homes for sale last month barely increased, to 1.3 months, compared to July’s anemic 1.2 months. Basement-level inventory in a state with the largest housing shortage in the nation is

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On the market: Portland homes with 4 bedrooms under $750,000

Households have grown during the coronavirus pandemic and its economic fallout as generations, from seniors to young adults, have returned to the family home for cost-saving, safety and comfort reasons.

This is especially true for young adults who lost their jobs when businesses closed and college students were sent away as campuses shut down.

A majority of young adults — 52% of 18- to 29-year-olds — now live with one or both of their parents, according to a Pew Research Center analysis of July’s Census Bureau data. That percentage passes the previous peak, which occurred during the Great Depression.

Real estate agents like Israel Hill, the office leader of John L. Scott Real Estate’s Portland Northeast office, are seeing multiple offers for well-priced residential properties in the $700,000 range and under with extra living space for family members and a large backyard.

Last week, we looked at homes with four

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