Distressed property sales in the Portland metro area dipped in the second quarter of 2014 as the spring buying season heated up. Short sales dipped from being 6.1% of total sales to being 4.1% of total sales for the first
As real estate brokers we are not attorneys and as such, this publication should not be construed as legal counsel or advice. In the course of our duties as agents some of our clients choose to retain legal or financial
As a short sale specialist and Realtor in Portland, Oregon it is my opinion that our current housing rise will hit a bewitching hour when homes simply outstrip buyers’ ability to afford them. Stagnant wages mean that prices will have to level out or settle at some point down the road. How quickly we arrive at that critical mass of affordability will likely depend on whether home prices plateau or continue to rise.