The Housing Recovery may be taking hold as buyers and investors alike take advantage of excellent terms and low interest rates.
Portland Housing Market recovery
As mortgage lenders and banks begin to relax financing standards more people are able to purchase area at excellent values. As to whether the Portland Housing Market Recovery is in full swing or whether prices will settle a bit more is anyone’s guess. However, for many successful investors now is the time to buy. With short sales becoming much more mainstream and more easily attainable for struggling Oregon home owners along with some banks becoming more streamline in how they deal with bank owned foreclosures (REO) now is a great time to buy.
The important thing to remember when considering future home values, price settling etc is that even if prices do settle down a bit more today’s extremely low interest rates may still make it more affordable for some people to buy now rather than wait. For this reason Agents are seeing many more buyers and Investors coming back into the market.
No one can tell exactly what the future will hold but what we can say is that right now prices are much more affordable than in the past and that low interest rates and attractive financing options mean many more people believe in the Housing Recovery. 503-473-8001.