There are still options available to buy a house in Portland with zero down, but you must act fast to take advantage!

FHA loans require approximately 3% down for home purchase loans. Currently, borrowers are able to obtain this 3% from the sellers via Down-Payment-Assistance programs (DPA) such as Ameridream or Neihamiah. This effectively allows the buyer to obtain a 100% financing loan.

However, beginning October 1st, 2008, the new law will prohibit Down-Payment-Assistance programs. All mortgages involving DPA’s will have to be underwritten and approved by September 30th!

Great South Burlingame location blocks from a major bus-line that’s close to downtown, OHSU, Lewis and Clark, Lake Oswego, and I-5. Fabulous lot with a great back yard has been well-designed and maintained (irrigation system) is a gardeners’ delight.

Check out our market report with charts and graphs of the following data for the Tigard, Tualatin, Sherwood, and Wilsonville:

* median pricing
* sold activity (21% lower than last July)
* under-contract activity-pending sales (174 in July v. 191 in July of ‘07)
* listing activity (17% more listings this July than last)
* inventory of houses on the market (months of supply is 9.6 months up from around 7 last year)
* and days on market (75 days up from 51 last year)

Some of the absolute best values in our market can be found on Bull Mountain. Today almost 70 Realtors have cooperated to create a tour of approximately 90 active listings. The tour is from 1-5 this afternoon. It’s a great way to see many homes in a short amount of time. [...]

Closed sales volume in Southeast Portland this June is 44% below June 2007, and 8% below May 2008.
Pending Sales have been essentially flat for each month from February through June 2008, while days on market have decreased slightly from 73 in February 2008 to 61 days in June 2008.
New properties listed in June 2008 [...]

The median sold price for West Portland is up 15% since last June.
Sales volume for West Portland is 38% below last June, but essentially even compared to May.
June 2008 Market Report for Portland West Real Estate

The median sales price for real estate in Northeast Portland has remained relatively unchanged compared to June 2007.
Sales volume for Northeast Portland is down 28% since last June, but up 10% from May 2008.
The average number of days on the market for Northeast Portland has increased 44% from May 2008.
Pending sales for Northeast Portland [...]

Classic charm & open living spaces bathed in sunlight. Windows abound. Lovingly updated and restored. Large, open kitchen with granite counters and new gas range. Authentic bathroom update. Open upper-level BR with three closets and a sleeping nook. Private, fenced back-yard a haven for small children. Professionally landscaped. [...]