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Has the housing bubble in Beaverton Oregon burst?

Well, I would love to say yes, but I don’t really think so! I know, I know, the Beaverton, Oregon real estate market is in the crapper, but it hasn’t burst, at least as far as I’m concerned. There are a lot of things to consider in the statement, “the bubble has burst”. When I think of a bubble bursting, I think of the market being completely gone and its time to grab another balloon and start pumping away.

But here we are, with price sstill falling. This means to me that we have a very, very slow leak in our bubble. Until the balloon is flat and we can start pumping up what everyone wants to call a bubble, then the bubble hasn’t burst, it just has deflated and I just wish I had the patch to fix it.

Respect Realty LLC (Expect More)

 

At Respect Realty, LLC our agents believe in 100% dedication to client satisfaction.  We specialize in property and land acquisition around the Portland Metro and Vancouver, WA area. We delight in working with first time home buyers and sellers to guide them from start to finish. Our doors are always open and we are always happy to assist you with your real estate questions.

 

Reach out today, we look forward to talking with you!

 

Todd Clark and Seraina Aguayo (Owners of Respect Realty)

Respect Realty LLC (Expect More)

(503)564-3130

info@RespectRealtyNW.com

www.RespectRealtyNW.com

 

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Comment balloon 11 commentsRespect Realty LLC • May 27 2009 03:03AM

Comments

Todd, I can't say that the bubble in our area has burst, but then we were not as inflated as some areas of the country that were driven by greed. Although the market is down, it is still doing okay...

Posted by TeamCHI - Complete Home Inspections, Inc., Home Inspectons - Nashville, TN area - 615.661.029 (Complete Home Inspections, Inc.) over 9 years ago

I think it's similar here even though we were not as inflated as other parts of the country either. We have lost so much industry (steel, car manufacturing) so it's the unemployment rate that's making it so difficult.

Posted by Barb Szabo, CRS, E-pro Realtor, Cleveland Ohio Homes (RE/MAX Trinity Brecksville Ohio) over 9 years ago

Bubble or no bubble. . .people are still buying homes

Posted by Fernando Herboso - Broker for Maxus Realty Group, 301-246-0001 Serving Maryland, DC and Northern VA (Maxus Realty Group - Broker 301-246-0001) over 9 years ago

It is tough because there are so many factors out there. Our market never really had a bubble but we were impacted by markets that feed us that had a bubble so it goes.

Posted by Charlie Ragonesi, Homes - Big Canoe, Jasper, North Georgia Pros (AllMountainRealty.com) over 9 years ago

Todd, I try to explain to my buyers that with a slow leak we'll come to a soft landing whereas a burst would be dangerous to the whole economy...

Posted by Paul S. Henderson, REALTOR®, CRS, Tacoma Washington Agent/Broker & Market Authority! (RE/MAX Northwest.) over 9 years ago

Todd, it's like a basketball that isn't bouncing real well.  But I do think about a big pink double bubble bubble all over my face!

Posted by Patricia Kennedy, Home in the Capital (RLAH Real Estate) over 9 years ago

Hi Todd... a percentage of people need a home to live in and a percentage need to sell. I'm sure everyone will look back in the near future and say we should have bought when we had all the great choices and low interest rates....Hang in there Todd, and Quitter Never Wins and a Winner Never Quits :O)

Posted by Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant (RE/MAX Camosun Victoria BC Real Estate) over 9 years ago

Todd --- our market place has very inflated values and therefore is seeing quite a lot of foreclosures  & short sales --- we do however, see an improvement and I am very positive about our market.

Mama Liz

Posted by Liz Loadholt, Realtor--Broker-in-charge - Trainer--Relocation Director Covering SC (Liz Loadholt- AgentOwned Realty- Covering SC) over 9 years ago

Todd, if this was a boat there would be too many people bailing, and just getting in the way, sometimes less is more. It's easier to start with a new Bubble than trying to patch a leak-er.

Posted by Steve Loynd, 800-926-5653, White Mountains NH ( Alpine Lakes Real Estate Inc., ) over 9 years ago

I think our area is in for another wave of foreclosures from what I have looked at on the Sheriff's Sales that were cancelled for January thru April of this year.

Posted by Heather Fitzgerald, REALTOR Greenwood Indiana Real Estate (REALTY WORLD-Harbert Company, Inc.) over 9 years ago

With most of you I agree, people are still buying and people are still selling it just isn't as easy to buy or sell as it was in 2006. You have to fight for every home, but if you have the patience, it can be a great opportunity.

Posted by Respect Realty LLC, Brokers - Oregon / SW Washington Real Estate (Respect Realty LLC) over 9 years ago

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