After the 2024 NAR settlement changed how buyer’s agents are paid, HousingWire asked realtors how sellers were adjusting. Neighbors Realty broker-owner Brad Twiss said the firm had been “coaching our agents on how to have those conversations with their sellers,” and that sellers hadn’t been fazed so far.
Read MoreWhen a national settlement changed how buyer’s agents get paid, Marketplace asked Neighbors Realty owner Brad Twiss what it would mean for Portland buyers and sellers.
Read MoreHeading into 2024, Axios Portland asked local experts what to expect from the housing market. Neighbors Realty broker Jimi Hendrix predicted lower mortgage rates would make the market more active but not frenzied, with buyers staying cautious given the economy.
Read MoreHeat pumps are gaining traction across the Pacific Northwest. The Oregonian reported in 2023 that installations in the region now match gas furnaces, driven by energy efficiency, climate goals and new incentives.
Read MoreNeighbors Realty owner Brad Twiss saw the shift firsthand in Portland. “We did 33 transactions last year, and I don’t think we wrote a single offer in October,” he said. That changed in January, when a house on a busy street drew several offers right away. “Then, every weekend since has basically been multiple offers.”
Read MoreIn spring 2021, as vaccines rolled out and pandemic restrictions eased, homebuying season came back in force. Marketplace reported that new listings were up 30%, inventory was starting to stabilize, and buyers, mostly first-time millennials with mortgage rates at or below 3.5%, were snapping up homes.
Read MoreIn the first weeks of the COVID-19 pandemic, Congress passed the CARES Act, which required lenders to let homeowners hit by the crisis pause their mortgage payments. NPR found that many struggling borrowers weren’t getting the relief they’d been promised.
Read MoreAs COVID-19 restrictions took hold in spring 2020, buying a home suddenly got complicated. Marketplace looked at how the market was adapting: virtual tours nearly doubled on Zillow, some buyers made offers on homes they’d never seen in person, appraisers drove by instead of walking through, and notaries passed closing papers through car windows. Mortgage rates were low, but growing job losses meant fewer buyers ahead.
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