Has the Current Market Got you Puzzled?
By Tamie Brown
As you are probably aware, the real estate market has changed. However, it's nothing to be puzzled about. It's a basic lesson in Economics, the demand is low with fewer buyers looking for homes, and the supply is high with an influx in inventory. The approaching spring time is going to speed up the market; and interest rates have remained reasonably low. Historically, buyers tend to purchase more in the spring and summer time, than any other time. This should ultimately create a shift in the bell curve of supply and demand create a faster market. Portland area home values are still appreciating, which is wonderful in comparison to other the real estate markets nationwide. Here is a quick run down of appreciation in the various Portland metro areas: Lake Oswego/ West Linn If you ar...