What’s Ahead for Home Prices in 2023
Experts' Projections for Home Prices in Oregon and Washington in 2023 Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a…
Here’s Why the Housing Market Isn’t Going To Crash [INFOGRAPHIC]
Some Highlights Today’s housing market is different than it was in 2008. Lending standards have tightened, foreclosures have declined, home inventory is much lower, and homeowners have far more equity. If you’re concerned about a crash, meet with a local real estate professional to discuss why this isn’t like last time.
Expert Clarity in Today’s Housing Market
The housing market has been going through shifts lately. That’s why it’s so important to work with a mortgage broker who can be your guide throughout the process. A mortgage broker uses their knowledge of what’s really happening with mortgage rates, supply,…
The Two Big Issues the Portland Housing Market is Facing Right Now
The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of…
Are Lower Mortgage Rates Bringing Buyers Back to the Portland Metro Area Market?
As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling. Now, however,…
Discover the Three Key Factors Shaping Home Affordability in 2023
If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy…
Pre-Approval in 2023: What You Need to Know
Pre-Approval in 2023: What You Need To Know One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains: “In a…
Will We See 3% Mortgage Rates Again?
Think Twice... Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to…
The Truth About Negative Home Equity Headlines
Home equity has been a hot topic in real estate news lately. And if you’ve been following along, you may have heard there’s a growing number of homeowners with negative equity. But don’t let those headlines scare you. In truth, the headlines don’t give…
Mortgage Rates Will Come Down, It’s Just a Matter of Time
This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that…
