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market news Will Low Mortgage Rates Continue through 2021? With mortgage interest rates hitting record lows so many times recently, some are wondering if we’ll see low rates continue throughout 2021, or if they’ll start to rise. Recently, Freddie Mac released their quarterly forecast, noting: “The average 30-year fixed-rate mortgage hit a record low over a dozen times in 2020 and the low interest rate environment is projected to continue […]
market news Owning a Home Is Still More Affordable Than Renting One If spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices continue to rise. According to the experts, in many cases, it’s still more affordable […]
market news Why It Makes Sense to Sell Your House This Holiday Season If you’re one of the many homeowners thinking about taking your house off the market for the holidays, hang on. You definitely don’t want to miss the great selling opportunity you have right now. Here’s why this month is the optimal time to make sure your house is available for holiday buyers. The latest Existing Home […]
market news September 2020 Real Estate Statistics   If you are a numbers person, this post is for you.  The following link provides an in depth look at the real estate data in Portland, Oregon for September 2020.  The report includes available inventory, average list price, average days on market, sold vs. list price, and months of inventory broken down by areas […]
market news What Are Experts Saying about Home Prices? Last week, a very well-respected real estate analytics firm surprised many with their home price projection for the next twelve months. CoreLogic, in their latest Home Price Index said: “The economic downturn that started in March 2020 is predicted to cause a 6.6% drop in the HPI by May 2021, which would be the first decrease in annual […]
market news What Are Experts Saying About the Rest of 2020? One of the biggest questions on everyone’s minds these days is: What’s going to happen to the housing market in the second half of the year?  My clients in Portland, Oregon want to know if they should still buy or sell.  Based on recent data on the economy, unemployment, real estate, and more, many economists […]
market news Why Home Equity Is a Bright Spark in the Housing Market Here in Portland, Oregon many of us don’t even know anyone who contracted Covid-19.  But all of us know someone who has lost a job, whether temporary or permanent.  Many people are scared about what this means for the future of the economy and to the housing market. Given how we have seen more unemployment […]
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