Portland Housing- Low Rates Mean High Affordability!

It’s an exciting time in the Portland real estate market – amazingly low rates and affordability! This is not just exclusive to Portland; the housing market nationwide is on the uptick after nearly a decade of decline. This is indicated by increased home sales and home prices, along with falling mortgage rates. Due to these historically low mortgage rates, real estate in Portland is friendly to both buyers and sellers in the market, making this an excellent time to both purchase and sell a home.

Real estate in Portland, and nationwide, continues to be a wise investment for you and your family. In the past, the average mortgage rate was nearly 9%, but we are currently experiencing record lows, with most rates sitting at around 3.49% nationally. Potential home buyers in Portland are benefitting. Now is the best time in recent memory to seriously consider purchasing a home.

We continue to see the signs of a steadily improving marke nationwide: home sales increased by 7.8% last month, with a seasonal adjusted rate of 4.82 million units, a 9.3% increase over last year.

Contact us at the Craig Reger Group in Portland, Oregon and let’s talk about what you’re looking for. We will find you the home you need at an affordable rate. Whether you’re looking for a new residence, an investment property or a vacation home, there simply has never been a better time to purchase. We are proud to work with the very best lenders in Portland, so we can help you get your financing lined up and then begin our search to find you the home of your dreams.

Call Craig Reger direct at 503-893-2022 or email him at craig@craigreger.com.

Ready to start your search now? Check out these hot new listings in NE Portland:  Click Here!