Press Release: RMLS™ Awards Scholarships to PSU Students

For Immediate Release: May 25, 2010

RMLS™ Awards Scholarships to PSU Students

Four Portland State University students receive the RMLS™ Scholarship

PORTLAND, Ore. – RMLS (Regional Multiple Listing Service), the largest Realtor®-owned multiple listing service in the Northwest, has donated four $1,000 scholarships to students in Portland State University’s Center for Real Estate program.

             “We are pleased to be a part of PSU’s program because we understand the importance of attracting motivated and skillful individuals into the real estate industry,” said Kurt von Wasmuth, President and CEO of RMLS™.

            The award reception, which was held last Friday, May 21 in PSU’s Urban Center, was comprised of students, teachers and those working in the Portland real estate community, to honor those receiving scholarships. The recipients of the RMLS™ scholarship were: Raihana Ansary, Eric Hayes, Emily Picha and Nicholas Wright.

            With an array of food and beverages, the reception was an intimate gathering and gave students the chance to speak with a representative of the company that sponsored their scholarship. These motivated young students spoke of the various projects they were working on and enlightened the crowd about their desire to pursue goals in the real estate industry.

            “Each of the RMLS™ Scholarship recipients is a student in Portland State’s Graduate Certificate program in Real Estate Development, which is a 25-credit program focused in training in real estate finance, real estate development, and real estate economics,” said Director of the Center for Real Estate, Dr. Gerard C.S. Mildner.

As stated on PSU’s Center for Real Estate program’s Web site, The Center strives to “provide the real estate industry with talented and well-prepared graduates seeking careers in real estate.”

            The reception demonstrated the success of Portland State’s program in helping to mold students into future leaders of the real estate world.

About RMLS

RMLS produces and provides multiple listing and related services to facilitate cooperation between its more than 12,000 REALTOR® subscribers. It is the primary source for real estate information and the premier Multiple Listing Service in the Pacific Northwest. For more information, visit www.rmlsbenefits.com.

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Press Release: RMLS™ Awards Scholarships to PSU Students

For Immediate Release: May 25, 2010

RMLS™ Awards Scholarships to PSU Students

Four Portland State University students receive the RMLS™ Scholarship

PORTLAND, Ore. – RMLS (Regional Multiple Listing Service), the largest Realtor®-owned multiple listing service in the Northwest, has donated four $1,000 scholarships to students in Portland State University’s Center for Real Estate program.

             “We are pleased to be a part of PSU’s program because we understand the importance of attracting motivated and skillful individuals into the real estate industry,” said Kurt von Wasmuth, President and CEO of RMLS™.

            The award reception, which was held last Friday, May 21 in PSU’s Urban Center, was comprised of students, teachers and those working in the Portland real estate community, to honor those receiving scholarships. The recipients of the RMLS™ scholarship were: Raihana Ansary, Eric Hayes, Emily Picha and Nicholas Wright.

            With an array of food and beverages, the reception was an intimate gathering and gave students the chance to speak with a representative of the company that sponsored their scholarship. These motivated young students spoke of the various projects they were working on and enlightened the crowd about their desire to pursue goals in the real estate industry.

            “Each of the RMLS™ Scholarship recipients is a student in Portland State’s Graduate Certificate program in Real Estate Development, which is a 25-credit program focused in training in real estate finance, real estate development, and real estate economics,” said Director of the Center for Real Estate, Dr. Gerard C.S. Mildner.

As stated on PSU’s Center for Real Estate program’s Web site, The Center strives to “provide the real estate industry with talented and well-prepared graduates seeking careers in real estate.”

            The reception demonstrated the success of Portland State’s program in helping to mold students into future leaders of the real estate world.

About RMLS

RMLS produces and provides multiple listing and related services to facilitate cooperation between its more than 12,000 REALTOR® subscribers. It is the primary source for real estate information and the premier Multiple Listing Service in the Pacific Northwest. For more information, visit www.rmlsbenefits.com.

###

Press Release: RMLS™ Awards Scholarships to PSU Students

For Immediate Release: May 25, 2010

RMLS™ Awards Scholarships to PSU Students

Four Portland State University students receive the RMLS™ Scholarship

PORTLAND, Ore. – RMLS (Regional Multiple Listing Service), the largest Realtor®-owned multiple listing service in the Northwest, has donated four $1,000 scholarships to students in Portland State University’s Center for Real Estate program.

             “We are pleased to be a part of PSU’s program because we understand the importance of attracting motivated and skillful individuals into the real estate industry,” said Kurt von Wasmuth, President and CEO of RMLS™.

            The award reception, which was held last Friday, May 21 in PSU’s Urban Center, was comprised of students, teachers and those working in the Portland real estate community, to honor those receiving scholarships. The recipients of the RMLS™ scholarship were: Raihana Ansary, Eric Hayes, Emily Picha and Nicholas Wright.

            With an array of food and beverages, the reception was an intimate gathering and gave students the chance to speak with a representative of the company that sponsored their scholarship. These motivated young students spoke of the various projects they were working on and enlightened the crowd about their desire to pursue goals in the real estate industry.

            “Each of the RMLS™ Scholarship recipients is a student in Portland State’s Graduate Certificate program in Real Estate Development, which is a 25-credit program focused in training in real estate finance, real estate development, and real estate economics,” said Director of the Center for Real Estate, Dr. Gerard C.S. Mildner.

As stated on PSU’s Center for Real Estate program’s Web site, The Center strives to “provide the real estate industry with talented and well-prepared graduates seeking careers in real estate.”

            The reception demonstrated the success of Portland State’s program in helping to mold students into future leaders of the real estate world.

About RMLS

RMLS produces and provides multiple listing and related services to facilitate cooperation between its more than 12,000 REALTOR® subscribers. It is the primary source for real estate information and the premier Multiple Listing Service in the Pacific Northwest. For more information, visit www.rmlsbenefits.com.

###

94.6% of Homes Sold for Below $500k in Portland in November

94.6% of Homes Sold for Below $500k in Portland in November

RMLS Portland home sales by price range, November 2009

The original deadline for the homebuyer tax credit was November 30 and it appears that this may have had an effect on home sales in November. Homes that sold for $250,000 or below (likely the price range for many first-time buyers) made up 55.3% of all sales in Portland this November, which is up 10.3% compared to November 2008.

Below is a breakdown of sales by price range:

November 2009 RMLS Market Action Recap

November 2009 RMLS Market Action Recap

Sales up, but in comparison to a dismal month last November

The big highlight this month for many areas is a large jump in closed sales compared to last November. Curry County posted a 141.7% increase and Portland and Clark County set records for percentage increases in same-month sales at 72.4% and 70.5%, respectively.

While these stats are obviously a good sign for market activity, continue to keep in mind that last year we were at the height of the economic crisis and we hit some of the lowest points in sales totals in recent years. So, yes, sales are way up compared to last year, but remember that we’re comparing it to unusually low sales totals.

Has the winter slowdown arrived?
Closed sales had been on the rise in many key areas month-to-month through October, but it appears that the winter slowdown has arrived. Compared to this October, pending and closed sales were down in most areas, including Columbia Basin, Douglas County, Lane County, the Mid-Columbia region,  Portland and Clark County.

Inventory up
Inventory ticked up in every area except Curry County and Union County, however, most areas are well below last year’s inventory levels thanks to fewer listings entering the market and higher sales totals. For example, Portland’s inventory stands at 7.1 months – 53% less than last November’s 15 months of inventory.