Home sales is all about affordability, the lower the cost (price of property + interest paid) of ownership, the more sales there will be.
Read all of ALL ABOUT AFFORDABILITY
For the twelfth straight month existing home sales in Jackson County rose by double digits when compared to the same period last year. A decline in new listings caused the percentage of distressed sales to increase as well.
Read all of Jackson County’s existing home sales swelled upward by 45.4%
The provision that puts up to $8,000 in buyers' pockets won't be renewed a third time, industry leaders and lawmakers say.
Read all of No more extensions of tax credit for first-time home buyers
Where does your state rank? Americans everywhere are feeling the recession's pain – some more than others.
Read all of Foreclosures: How bad is your state?
For the 12 months rolling average ending in December 2009 vs. the previous 12 months, the average price in the Portland Metropolitan area is down 12.1% according to RMLS.
Read all of Portland Real Estate Update Year End 2009
