05/04/2026
Portland Housing update, May 4, 2026. The federal mortgage interest rates have slightly risen to 6.3% for a 30 year fixed rate mortgage. 249 new listings went on to the market. This is less new homes than last year for the same week. 40% of homes listed the previous week went pending within the 1st week. The homes listed between $750k & $1M had nearly 58% go pending within the first week, still our hottest sale price market. 36 new homes went onto the market list at or below $350k.
Our Oregon primary election is on May 19. It includes a measure about how are property taxes will be spent. It asks if we should keep the current rate and allocation for funding to the Oregon Historical Society Library, Museum, educational programs. Don’t forget to vote.
The election is on my next birthday, May 19. Also, don’t forget my shout out. How could you forget, I share it with some greats like Malcolm X, Grace Jones, Lorraine Hansberry, Ho Chi Minh, Sam Smith, Kevin Garnett & Yo Gotti.