Fall 2017: Portland Real Estate Market

Summer is over and Fall is here with plenty of cold, rainy wind… and of course, the ubiquitous comparatively sluggish real estate market. I say “comparatively sluggish” because housing in our city is still selling quickly and inventory remains very low by the measures of conventional wisdom.

Wall Street Speculation Driving Up Home Prices

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.

Beaverton Housing Report

This weeks existing home sale report brings good news tempered somewhat by mixed signals. Let’s look at the good news first. It is a sellers market believed to be inspired by low inventory. Limited supply has given Beaverton home sellers

Current Portland Housing Trends

Recently released pending home sales figures suggest a bright future for not only the Portland housing market, but also the national level. The national pending transactions index released by the National Association of Realtors has risen for a second month