If it fees like there's a little more home sales activity of late, it's because there is.  Right this moment, Orenco Station has two homes sold and one under contract.  And I don't know what happened over the weekend.

'Sup? First, the $8k tax credit is working.  I keep getting calls from people, and other agents are getting more than I on the subject.  Second, and maybe more important, is that the limit on FHA loans is up--$418k for Washington County. That opened up the market to a lot more people.

Prices may be bottoming.  Anecdotally, a few sales I know of involve homes that sold well off their prices of a year ad a half ago.  And I mean 'way off.  One was an Orenco Gardens REO.  Another was an Orenco Station townhome short sale.  While you can't necesarily price a home usings REOs for comps, the existence of bank-owned and short-sale properties pulls down prices.

Let's see how it goes, but keep your fingers crossed.