Forest Heights Housing market report
https://www.rockethomes.com/real-estate-trends/or/forest-heights Is Forest Heights, OR a buyer’s or seller’s market? Housing Market Conditions NeutralMarket Seller'sMarket Buyer'sMarket Difference Since Last Month Last month, Forest Heights was a Buyer's Market. Key Takeaway Forest Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster. Housing Prices in Forest Heights, OR How much do homes in Forest Heights, OR cost? Median Sold Price $1,541,500 $260/sqft Based on all homes sold in April 2024. Difference Since Last Month +$176,723(+12.9%) Key Takeaway Homes in Forest Heights have sold for 12.9% more than they did a month ago. Summary: The median home sold price in Forest Heights was $1,541,500 in April 2024, up 12.9% from last month, and the median price per square foot was $260. Median Sold Price By Bedroom Count # BEDS# BEDROOMS MAR 2024 APR 2024 CHANGE 1 Bedroom - - N/A 2 Bedrooms - - N/A 3 Bedrooms - - N/A 4 Bedrooms - - N/A 5+ Bedrooms $1.3M $1.5M +12.9% Summary: Forest Heights housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 12.9%. Median Sold Price Compared To Nearby Neighborhoods NEIGHBORHOOD MAR 2024 APR 2024 CHANGE Forest Summit $895K $1.1M +32.4% Forest Heights $1.3M $1.5M +12.9% How does Forest Heights, OR compare with other places? Median Sold Price All Homes Any Beds FOREST HEIGHTS, OR $1.5M +23% YoYAPR 2024 6M1Y2Y 20232024$0$350K$700K$1.0M$1.4M$1.7M Share Embed Data and numbers shown are subject to change and may vary based on different timeframes. Housing Supply in Forest Heights, OR How many homes are available in Forest Heights, OR? Number of Homes For Sale MAR 2024 APR 2024 CHANGE 10 11 +10.0% Summary: The Forest Heights real estate market had 11 homes for sale in April 2024, a 10.0% increase compared to March 2024. Homes For Sale By Bedroom Count # BEDS# BEDROOMS MAR 2024 APR 2024 CHANGE 1 Bedroom 0 0 0.0% 2 Bedrooms 0 0 0.0% 3 Bedrooms 1 1 0.0% 4 Bedrooms 3 4 +33.3% 5+ Bedrooms 6 6 0.0% Summary: The Forest Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same. Number of Homes Sold MAR 2024 APR 2024 CHANGE 1 2 +100.0% Asking Price vs. Sold Price 2 Homes Were SoldUnder Asking 0 Homes Were SoldAt Asking 0 Homes Were SoldOver Asking 100% Key Takeaway If you're buying a home in Forest Heights, you may be able to get a good deal. 100% of homes here sold below asking price last month. Summary: A total of 2 homes were sold or pending in Forest Heights in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking. Days on Market for Forest Heights, OR How long does it take to sell a home in Forest Heights, OR? Average Sale Time MAR 2024 APR 2024 CHANGE 248 Days 47 Days -81.0% Summary: Homes in Forest Heights had an average of 47 days on market in Apr 2024, down by 81% compared to last month. Breakdown of Home Sale Times 1 Home Was SoldUnder 30 Days 0 Homes Were SoldIn 30 - 90 Days 1 Home Was SoldOver 90 Days 50%50% Key Takeaway Many homes in Forest Heights are selling fast, if you're buying plan to act quickly. Summary: During April 2024, 2 homes were sold in Forest Heights; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
US News and world report ranks forest park elementary
Forest Park Elementary School 9935 Nw Durrett St, Portland, OR 97229(503) 916-5400|Website|Award Winning #8 in Oregon Elementary Schools Overall Score 98.88/100 QUICK STATS Type Public Grades K-5 Total Enrollment 402 Map Test Scores School Data District Students/Teachers Overview Overview of Forest Park Elementary School Forest Park Elementary School is a public school located in Portland, OR, which is in a large city setting. The student population of Forest Park Elementary School is 402 and the school serves K-5. At Forest Park Elementary School, 78% of students scored at or above the proficient level for math, and 86% scored at or above that level for reading.The school’s minority student enrollment is 44%. The student-teacher ratio is 18:1, which is worse than that of the district.The student population is made up of 48% female students and 51% male students. There are 19 equivalent full-time teachers and 1 full-time school counselor. At a Glance Student/Teacher Ratio18:1 Math Proficiency78% Reading Proficiency86% Forest Park Elementary School 2024 Rankings Forest Park Elementary School is ranked #8 in Oregon Elementary Schools. Schools are ranked on their performance on state-required tests, graduation, and how well they prepare their students for high school. Read more about how we rank the Best Elementary Schools. All Rankings #8 in Oregon Elementary Schools #1 in Portland Public Schools Elementary Schools Ranking Factors How Forest Park Elementary School placed statewide out of 627 schools ranked in Oregon. Reading Proficiency Rank #7 Math Proficiency Rank #11 (tie) Reading Performance Well Above Expectations Math Performance Well Above Expectations Students/Teachers at Forest Park Elementary School These counts and percentages of students and teachers are from data reported by state education agencies to the federal government School information is provided by the government. Enrollment by Grade 70 52 34 16 0 70 52 34 16 0 Kindergarten 1st Grade 2nd Grade 3rd Grade 4th Grade 5th Grade Enrollment by Gender Female48% Male51% Student Diversity 43.5% Minority Enrollment 43.5% Minority Enrollment 56.5% White 24.0% Asian or Asian/Pacific Islander 10.8% Two or more races 7.5% Hispanic/Latino 1.2% Black or African American Native Hawaiian or Other Pacific Islander and American Indian or Alaska Native are not included in this breakdown due to an enrollment of 0%. Full-time teachers 19 Percentage of full-time teachers who are certified 100% Student-teacher ratio 18:1 Percentage of teachers with 3 or more years experience 100.0% Number of full-time school counselors 1 Test Scores at Forest Park Elementary School At Forest Park Elementary School, 78% of students scored at or above the proficient level for math, and 86% scored at or above that level for reading.Compared with the district, the school did better in math and better in reading, according to this metric. In Portland Public Schools, 56% of students tested at or above the proficient level for reading, and 45% tested at or above that level for math.Forest Park Elementary School did better in math and better in reading in this metric compared with students across the state. In Oregon, 52% of students tested at or above the proficient level for reading, and 40% tested at or above that level for math. School information is provided by the government. Subject Proficiency 100% 75% 50% 25% 0% 100% 75% 50% 25% 0% 78% 45% 40% 86% 56% 52% Math Reading School District State School Data School profile information is based on government data. School information is provided by the government. Setting Large City Charter School No Magnet School No District This information relates to schools run by this school's state operating agency. Many districts contain only one school. School information is provided by the government. Total Schools (all grades) 86 Total Ranked Elementary Schools 61 Total Ranked Middle Schools 31 Total Students (all grades) 45,171 Elementary Schoolers Proficient in Reading (district average) 55% Elementary Schoolers Proficient in Math (district average) 45%
What is going on with Mortgage Rates?
What Is Going on with Mortgage Rates? You may have heard mortgage rates are going to stay a bit higher for longer than originally expected. And if you’re wondering why, the answer lies in the latest economic data. Here’s a quick overview of what’s happening with mortgage rates and what experts say is ahead. Economic Factors That Impact Mortgage Rates When it comes to mortgage rates, things like the job market, the pace of inflation, consumer spending, geopolitical uncertainty, and more all have an impact. Another factor at play is the Federal Reserve (the Fed) and its decisions on monetary policy. And that’s what you may be hearing a lot about right now. Here’s why. The Fed decided to start raising the Federal Funds Rate to try to slow down the economy (and inflation) in early 2022. That rate impacts how much it costs banks to borrow money from each other. It doesn't determine mortgage rates, but mortgage rates do respond when this happens. And that’s when mortgage rates started to really climb. And while there’s been a ton of headway seeing inflation come down since then, it still isn’t back to where the Fed wants it to be (2%). The graph below shows inflation since the spike in early 2022, and where we are now compared to their target rate: As the graph shows, we’re much closer to their goal of 2% inflation than we were in 2022 – but we’re not there yet. It's even inched up a hair over the last 3 months – and that’s having an impact on the Fed’s plans. As Sam Khater, Chief Economist at Freddie Mac, explains: “Strong incoming economic and inflation data has caused the market to re-evaluate the path of monetary policy, leading to higher mortgage rates.” Basically, long story short, inflation and its impact on the broader economy are going to be key moving forward. As Greg McBride, Chief Financial Analyst at Bankrate, says: “It’s the longer-term outlook for economic growth and inflation that have the greatest bearing on the level and direction of mortgage rates. Inflation, inflation, inflation — that’s really the hub on the wheel.” When Will Mortgage Rates Come Down? Based on current market data, experts think inflation will be more under control and we still may see the Fed lower the Federal Funds Rate this year. It’ll just be later than originally expected. As Mike Fratantoni, Chief Economist at the Mortgage Bankers Association (MBA), said in response to the Federal Open Market Committee (FOMC) decision yesterday: “The FOMC did not change the federal funds target at its May meeting, as incoming data regarding the strength of the economy and stubbornly high inflation have resulted in a shift in the timing of a first rate cut. We expect mortgage rates to drop later this year, but not as far or as fast as we previously had predicted.” In the simplest sense, what this says is that mortgage rates should still come down later this year. But timing can shift as new employment and economic data come in, geopolitical uncertainty remains, and more. This is one of the reasons it’s usually not a good strategy to try to time the market. An article in Bankrate gives buyers this advice: “ . . . trying to time the market is generally a bad idea. If buying a house is the right move for you now, don’t stress about trends or economic outlooks.” Bottom Line If you have questions about what’s happening in the housing market and what that means for you, let’s connect.
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