Archive for May, 2010

Born and raised in Southern California, Roxann has spent most of the last decade in Portland.   A long-time resident of both the Forest Heights neighborhood and Lake Oswego, Roxann is intimately familiar with the west side of Portland, from North to South.

After graduating from Whittier College in Los Angeles, she spent much of her career in corporate America.   Working for an arbitration and mediation firm in the bay area allowed her to develop the critical negotiation skills necessary to assist people in finding common ground and achieving win/win solutions for both parties.  Roxann’s next opportunity as a sales representative for pharmaceutical giant, Abbott Laboratories provided the experience for aggressive top level prospecting and sales.

She has always had a passion for Real Estate. She bought, remodeled and sold several homes of her own in San Francisco, Portland, the Oregon coast and Boston, MA.  She is committed to service, and her strengths include professionalism, accountability, reliability, timeliness and enthusiasm.

Click on the image below to see the full RMLS report in PDF format:

Market Action Report

With the strong growth of Lee Davies Real Estate, it was only a matter of time before the company would look to add some specialized expertise in the terms of a managing broker.  In order to fill that role, a broker must complete additional schooling and years in the industry to obtain a principal broker’s license.  The principal broker’s primary role will be reviewing contracts for industry compliance and risk management. 

It is with great pleasure that Lee was reunited with Andrew Misk who Lee coached as an 8th grader some 18 years ago.  Andrew comes to us after eight years in the industry with both ReMax and Keller Williams Real Estate and is the perfect complement to LDRE.  Growing up in the Cedar Hills area then living downtown, and on the eastside, he knows Portland exceedingly well.  Andrew graduated from Sunset High School and went on to receive a degree at Texas Christian University (TCU).  He has extensive experience in foreclosures, short sales, as well as traditional real estate transactions.  We are thrilled to have a resource like Andrew to rely on for technical contract compliance as well as guidance for distressed sales situations, and look forward to seeing his real estate career grow further.

U.S. home prices rose in February for the first time since late 2006, but Portland was one of the few exceptions, with prices dipping 4.8 percent in the past year, according to the latest Standard & Poor’s Case-Shiller index.

Home prices were up 1.4 percent nationally in the index’s 10-city composite and up 0.6 percent in its 20-city composite. It was the first time both indices showed positive growth since December 2006.  For the month, home prices fell in 18 of the 20 cities in the index, including Portland, where prices fell 2.4 percent, the biggest month-to-month decline in the index.

• Portland, Charlotte, Las Vegas, New York, Seattle and Tampa posted new lows for home prices.
• Portland home prices have dropped 23 percent since the market peaked in July 2007.
• Nationally, home prices have returned to mid-2003 levels after peaking in mid-2006.

David Blitzer, chairman of the index committee, cautioned against using the overall improvement as a measure of improvement in the market.  “This simply confirms that the pace of decline is less severe than a year ago,” he said in a news release.  He attributed improvement in home sales, inventory levels and housing starts to the federal home buyer tax credit, worth up to $8,000 for first-time buyers who have homes under contract by April 30. The expiration of the credit and rising foreclosure activity mean the worst is not yet over.  “As these homes are put up for sales, we may see some further dampening in home prices,” Blitzer said in the news release.

The Case-Shiller home price index measures single family home prices. It has a base value of 100 based on home prices in January 2000.
Portland’s February home price index was 143.69 in February, meaning a $100,000 investment in 2000 now is worth $143,690. The Portland market peaked at 186.51 in July 2007.  Portland narrowly edged out Seattle’s index of 143.54. Seattle peaked at 192.3 in July 2007. Detroit remains the only city in the index with prices below 2000 levels. Its index is 70.50. It last exceeded the 100 level in January 2008.  Washington D.C., is the best market for long-term home appreciation with a February index of 176.49. Los Angeles was second with 171.82.
Read more: Home prices fall 4.8 percent – Portland Business Journal