Mindblown: a blog about philosophy.
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Mortgage Comparison Guide for First‑Time Homebuyers
When buying a home, choosing between fixed-rate and adjustable-rate mortgages depends on your financial situation and plans. Fixed-rate loans offer stable payments, while adjustable-rate loans have fluctuating rates after an initial period. Government-backed loans assist those with lower credit or special groups, often requiring lower down payments, whereas conventional loans offer more flexibility but may…
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What’s Next for Portland Metro Housing Market? | REAL ESTATE by REAL PEOPLE
Home sales projected to decline -2.5% in 2026. Median home prices expected to rise 0.2%. Market shows minimal growth. Buyers face nearly stable prices. Sellers see modest opportunities.
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Mortgage Rates Improve Again, Pointing to More Affordable 2026
Mortgage rates have improved for the second week, with the 30-year fixed rate averaging 6.19%, down from 6.23% last week and 6.69% a year ago. The 15-year fixed rate also decreased to 5.44%. A potential Federal Reserve rate cut could further lower mortgage rates, boosting buying power. In 2026, home prices may rise 2.2%, but…
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2026 Housing Outlook: Slow Shift Toward Balance | REAL ESTATE by REAL PEOPLE
Mortgage Rates: 30-year fixed mortgage rates are expected to end 2026 near 6.3%, bringing stability but limited affordability relief. Home Sales: Existing-home sales are forecast to rise 1.7% in 2026, still well below long-term historical averages. Home Prices: National home prices are projected to increase 2.2%, marking slower appreciation and a gradual return toward balance.…
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2026 Outlook: How Climate Migration Is Going Hyperlocal | REAL ESTATE by REAL PEOPLE
Residents in climate-vulnerable neighborhoods will move locally rather than across states. Moves will target safer areas within the same metro to retain jobs and lifestyle. High insurance costs and disaster risks discourage building or buying in at-risk zones. Hyperlocal climate migration may exacerbate inequality for those who cannot afford to move. Communities left behind may…
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Portland Homes More Affordable This November
In November, Portland's median home price dropped to $515,000, with price per square foot decreasing by 0.5%, less than the national 1.2% decline. Listings fell 11% from the previous month to 2,443, while new listings dropped 32.5%. Homes took an average of 75 days to sell, longer than both the prior month and national average…
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Is 2026 Multifamily About Demand—or Leftover Inventory? | REAL ESTATE by REAL PEOPLE
Slide 1 Rents just slipped again—November marks five straight months of flat or falling apartment prices. Slide 2 Average U.S. rent hit $1,706, the sharpest November drop in over 15 years. Slide 3 Annual rent growth cooled to 0.7%, down from 1.5% earlier this year. Slide 4 Seasonal slowdowns hit harder in 2025, but the…
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How to Obtain and Understanding Your Mortgage
Buying a home is a significant financial decision that can build equity and offer tax benefits. Key steps include ensuring a strong credit rating, shopping for lenders, and understanding mortgage insurance (PMI). A good credit score is essential for favorable loan terms, and it's advisable to compare lender fees and avoid unnecessary charges like points.…
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How Long It Takes to Buy a Home in Oregon | REAL ESTATE by REAL PEOPLE
Median household income: ~$85,220 Typical tax burden: ~$23,584 Essential expenditures: ~$34,308 Median home sale price: ~$507,800 Time to save for 10% down payment: ~19-yr
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Pitfalls for first-time homebuyers
Buying a home for the first time can be exciting yet overwhelming due to common mistakes. Key pitfalls include inadequate financial planning, such as not accounting for taxes and maintenance costs, and ignoring the impact of credit scores on mortgage approval. First-time buyers often skip pre-approval, overlook loan options, and fail to utilize down payment…
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