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Tom's Take: Impact of Higher Mortgage Rates [6.14.23]

It’s been about a year since higher mortgage rates began cooling the housing market. In general, Portland sales are down about 30%. But what impact has this had on prices? Is it the same across the whole metro area? In today’s Tom’s Take, we will look at the major sub-markets across Portland to see which areas are thriving and which areas are lagging as we approach this one year milestone. The results may surprise you! Check out this Tom’s Take & subscribe to stay informed! . . . Subscribe to our channel and follow us on our social media channels so you don't miss market updates, listings, home tips, and more! Instagram https://www.instagram.com/vickigile_gilegroup/ Facebook https://www.facebook.com/GileGroup Website https://www.gilegroup.com/ If you're interested in buying or selling in the Portland area give us a call today.

Featured Videos: Watch Additional Gile Reports

Gile Report: Mortgage Rates-vs-Inflation [10.20.22]
Mortgage rates near 7% are having a cooling effect on the real estate market. What is driving the current run-up in rates? Many think the Fed, but it goes deeper than that. In this week's Gile Report, we look at the factors that impact long-term financial instruments like mortgages and help answer the question on everyone's mind, where are we headed next? Also, check out Barry Habib's opinion of the mortgage market. Have questions? Reach out to us! We would love to help educate you on the process, and
Tom's Take: Does it make sense to buy or sell in this market? [11.10.22]
With interest rates around 7 percent and sales slowing down, the question is "Does it Make Sense to Buy or Sell in this Market?" Conditions are changing quickly; best to arm yourself with information. Get up to date on the latest in the market for both buyers and sellers and watch Tom's take as he tackles the question about buying or selling in this market. And remember date the mortgage, marry the home!
Market Minute July 11, 2022, What Today's Market Means for Buyers and Sellers
Raise your hand if you like change? (Do I hear the crickets?) While some may like change, when it comes to bigger purchases or decisions like investing in or selling a home, change creates a lot of questions and anxiety. What's the market doing? What is the future of the market? Should I wait to buy or sell? Check out this market minute to find out what the market is doing and what it means for both Buyers and Sellers. Have questions? Reach out to us! We would love to help educate you on the process, a
Tom's Take: What 8.6% Inflation Means to the Housing Market [6.14.22]
The latest inflation report shows prices up 1% in May and an annual inflation rate of 8.6%. See how this news impacts mortgage rates and the housing market. This report also does a deep dive into neighborhood submarkets. See what areas around Portland are HOT and what areas are NOT! The reports wrap up with what the experts are predicting and Tom's Take. See below for details: Inflation: 0:24 Mortgage Rates: 1:20 Impact on Housing Market: 1:50 Price Trends: 2:48 Inventory: 3:15 Neighborhood Market Info:
Tom's Take: Cool Down or Crash?
With interest rates taking the biggest jump in decades and some signs of a slowing economy, the question everyone on everyone’s minds is, will the housing market cool or crash? In fact "housing bubble" was one of the highest searches on Google last month. Let's see what the experts have to say and get Tom’s take!
Gile Report April 20, 2022, Interest Rates, Inventory and Prices Oh my!
What topics are top of mind in the housing market right now? Interest rates, inventory and prices. Many are asking, are we in a bubble, and is it going to burst soon? Get the latest info on these hot topics as well as Tom's take on the market!
Tom's Take on the Housing Market (What's up with Interest Rates?)
The Federal Reserve increased the federal funds rate for the first time since 2018. While this has been making the headlines, learn what indicator you should be watching (hint: it is not the federal funds rate). And get Tom's take on the impact of rising interest rates, strong demand, and how low inventory is having on the real estate market.
Inflation and Real Estate
Inflation is in the headlines again. Let's see how Real Estate may protect you. Tangible assets like real estate get more valuable over time which makes buying a home a good way to spend your money during inflationary times. Let's look at this hot topic in today's Gile Report and its effect on real estate and mortgage rates.
What does the 2022 Real Estate Crystal Ball Have to Say?
As 2021 comes to a close, lets break out the crystal ball for 2022. Where are prices headed, and what about interest rates? Factor in low inventory; 2022 will be an interesting year. See what the experts predict as well as what homes and payments are expected to be throughout 2022.
Tom's Take: Q3 Quarterly Market Review [10.11.22]
With Q3 now in the rearview mirror, let's take a look at how the real estate market faired so far in 2022. In a year marked by both strong demand and rising interest rates, 2022 has been an interesting year, to say the least. See how Portland is doing as well as other key markets in the metro area. Catch Tom's take at the end to get his opinion of the market and where we are headed. There is also some buzz going around about where mortgage rates are headed. Have questions? Reach out to us! We would lo
Tom's Take: Are We In A Housing Recession [9.1.22]
here is a new real estate buzzword out there. Have you heard about a "Housing Recession?" What is a housing recession, are we in a housing recession? In this Gile Report, we will see where industry experts weigh in, check out the local market and get "Tom's Take" on what it all means. Buckle up for this episode of Tom's Take on Real Estate. Have questions? Reach out to us! We would love to help educate you on the process, and market, and put your mind at ease when it comes to your home decisions. .