Kautilya

Real Estate Bubble

Portland real estate sales down

Posted On: February 26, 2007 - 8:46am by kautilya

Check this out

Portland real estate sale are down and even median is down in some areas.

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update on housing inventory

Posted On: August 2, 2006 - 8:21am by kautilya

The inventory is really shooting up in portland. Here are the graphs...

This data is from NAR website that I have been tracking and shows inventory increase since 5/14/2006
portland inventory graph

This data is from this web site and shows inventory increase since 8/14/2006
pdx metro inventory graph

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Another Portland housing inventory graph

Posted On: July 9, 2006 - 10:35pm by kautilya

Here is another graph of Portland metro inventory. I got the data from this website which tracks inventory and median data for a lot of areas in the US

This shows the inventory increase in % since 8/14/2005 for the complete Portland metro region.

PDX metro inventory graph

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WSJ interview: Properties in some markets could fall 50%

Posted On: July 5, 2006 - 11:58pm by kautilya

Interview of Kenneth Heebner, who since 1994 has managed the $1.2 billion CGM Realty Fund. It has the best 10-year record of all real-estate-focused mutual funds.
Quote—

A significant decline in prices is coming. A huge buildup of inventories is taking place, and then we're going to see a major [retrenchment] in hot markets in California, Arizona, Florida and up the East Coast. These markets could fall 50% from their peaks.

WSJ interview

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Housing inventory in Portland area shooting up

Posted On: July 4, 2006 - 3:41am by kautilya

I have been tracking housing inventory in the Protland metro area for the last month or so.I have plotted the data in a graph below.
The graph shows inventory increase since may 14th 2006. It is really eye opening that Beaverton inventory is up about 50%.

graph of housing inventory increase

Note: PDX metro numbers include Portland and some surrounding areas.

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