Tag Archives: #realestate

2021 REAL ESTATE FORECAST

The current Portland-Metro Real Estate market is sitting at 1 month of inventory. That is the lowest I have seen in my almost 24 year career in real estate. That means it is a strong sellers market. On the contrast, the interest rates are the lowest I’ve ever see also, in the 2%. The low inventory and the low interest rates balance each other out a bit. The market is dynamic and robust and is not expect to cool at all in 2021.

In 2021 we are expecting a 3%-7% increase in sales price. Entry level homes in the low-mid $300,000 will see fierce competition and multiple offers. While we saw some slowing in the luxury, higher end homes in 2020, I believe we will see more interest in that price point as the interest rates make it more attainable. Our mid priced homes, $400,000-$800,000, will be in high demand as people are looking to buy bigger and have more room for home offices, classrooms and multi-generational living. 2021 is expected to be the big migration.

Here are some predictions and reasons for a banner coming year in real estate:

  • NAR’s Chief Economist, Lawrence Yun, is predicting Home Sales will rise between 5%-10% in 2021
  • This will be due to continued job recovery combined with record low mortgage rates
  • Home prices are expected to increase 3%-5% nationally
  • Low rates are expected to stay around for the next few years, meaning there will continue to be an increase in demand for homes. It will stay a seller’s market!
  • The main factors impacting the market will be:
    • Decentralization: People moving out of the city and into the suburbs because they are able to continue working remotely or will only be going into the office part time.
    • Relocation: Remote workers are on the move. Right now stats show that nationally 14-23 million remote workers are looking to relocate and more than half of them want to move at least 2 hours away from their work location. Looking for places with better weather, areas that align with their ideologies, better high speed internet access, etc. This makes it important to build a referral network of agents in other areas.
    • Upsizing: More and more people are wanting bigger homes with more rooms to accommodate working from home and homeschooling.

The National Real Estate market isn’t expected to slow down anytime soon and neither is the Portland-Metro Real Estate Market. If you have been contemplating making a move I recommend you do it sooner than later. Now is the time to prepare for 2021. Call me for information on selling and buying in this fabulous Real Estate Market.

IT’S A GOOD LIFE!!

Five Star award Winner 2011- 2021 honoring the top 7% of real estate professionals in Oregon.

Rachel Sheller, Realtor, CRS, ABR, SRS, GRI, SRES, RENE, Diversity Specialist-HOWNW, Earth Advantage Broker, MASTERS CIRCLE-Diamond-Platinum, CSA-Certified Staging Agent, Oregon First-Principal Broker, Washington First-Managing Broker

Direct 503.380.9634, Email- rachel@rachelsheller.com

View ALL available Houses on the market on my website

Licensed in the State of Oregon and Washington

My business is referral based.
If you’ve enjoyed my service, please refer me!

LOCATION! LOCATION! LOCATION! Lower SE Home Asking $399,999

4920 SE Boise Street Portland, OR 97206~Asking $399,999~ RMLS #20263561

Location, Location, Location! This home has been lovingly cared for by one owner for over 50 years! You’ll love the charachter throughout & high ceilings on the main floor. Rare alley access.  Open & bright kitchen with eating area. Newer furnace. Low maintenance vinyl siding, Newer furnace, fenced back yard, Big master suite on the main floor with 2 big closets and Jacuzzi tub,

There’s a lot to love with this beauty. For more info and virtual tour go to my website.

IT’S A GOOD LIFE!!

Five Star award Winner 2011- 2020 honoring the top 7% of real estate professionals in Oregon.  

Rachel Sheller, Realtor, CRS, ABR, GRI, SRES, Diversity Specialist-HOWNW, Earth Advantage Broker, MASTERS CIRCLE, CSA-Certified Staging Agent, Oregon First- Principal Broker, Washington First-Managing Broker

Direct 503.380.9634, Email- rachel@rachelsheller.com

View ALL available Houses on the market on my website 

Licensed in the State of Oregon and Washington

My business is referral based.
If you’ve enjoyed my service, please refer me!

FABULOUS Gresham home In Barlow Schools Dist. $339,999

2486 SE Wendy Drive Gresham, OR~ RMLS #20019448~ Asking $339,999

Welcome Home! Rare 1 level home tucked away in one of Gresham’s finest neighborhoods ready for you to call home! 3 good sized bedrooms, 2 full baths, jumbo Livingroom room, cozy family room with fireplace, plus an updated kitchen with unique concrete counters, pantry & laminate floors. Large deck with hot tub, fire-pit area and big fenced back yard. The master suite is spacious and ready for you to enjoy as your secret oasis! RV parking, Air conditioning, low maintenance vinyl siding and so much more!

For more information call, email, or text. You can view the virtual tour on my website.

IT’S A GOOD LIFE!!

Five Star award Winner 2011- 2020 honoring the top 7% of real estate professionals in Oregon.

Rachel Sheller-Realtor, CRS, ABR, GRI, SRES, Diversity Specialist-HOWNW, Earth Advantage Broker, MASTERS CIRCLE-Diamond-Platinum, CSA-Certified Staging Agent, Oregon First-Principal Broker, Washington First-Managing Broker

Direct 503.380.9634, Email- rachel@rachelsheller.com

View ALL available Houses on the market on my website

Licensed in the State of Oregon and Washington

My business is referral based.
If you’ve enjoyed my service, please refer me!

Brass Is Back-How to Use Brass: 5 Key Tips

1. Use sparingly. Brass works best when used in small doses. Too much can create a “too matchy-matchy” look, according to Smithe. Overuse can make it start to look cheap, says Segal. “Moderation is key,” he says.

coffee table with brass accents

© Ethan Allen

2. Mix finishes. Brass appears more timeless rather than trendy when it’s matte, brushed, or aged, which helps soften its sheen, Segal says. But be careful, Smithe says, when mixing brasses in a single space from different manufacturers. “There is a huge range in color and brightness. Some take on a bright yellow color while others can be more of an aged gold,” she says.

3. Combine warm metal colors. Brass, gold, and bronze can work well together since they share similar warm values versus shiny nickel, which leans toward the colder side, says Sprouse.  

mixed metals used in kitchen

© Walter E.Smithe Furniture + Design

4. Mix metals. Some designers also think brass, satin, brushed nickel, stainless steel, and oil-rubbed bronze can be used together. But Imhoff still offers some caution. “Go with similar warm, muted undertones for some consistency,” she says. Chicago designer Summer Thornton likes mixing metals, particularly in kitchens and bathrooms where she might use brass, nickel, and steel combinations.

5. Consider longevity. How long brass will stay fashionable is unknown. When it becomes too ubiquitous in retail stores, shelter magazines, and on design websites, it may be time to move on. The good news is that brass touches are easy to add in and switch out.

IT’S A GOOD LIFE!!

Five Star award Winner 2011- 2020 honoring the top 7% of real estate professionals in Oregon.

Rachel Sheller-Realtor, CRS, ABR, GRI, SRES, Diversity Specialist-HOWNW, Earth Advantage Broker, MASTERS CIRCLE-Diamond-Platinum, CSA-Certified Staging Agent, Oregon First-Principal Broker

Direct 503.380.9634, Email- rachel@rachelsheller.com

View ALL available Houses on the market on my web site.

My business is referral based.
If you’ve enjoyed my service, please refer me!