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Interest rates have always fluctuated, but on average have hovered in the 5-10% range for the past three decades. And industry experts believe rates will potentially fall to the low 6 percent range by the end of 2024. I hope this helps bring some perspective if you’re contemplating buying or selling your home.  Oh, by the way®... if you know of someone who would appreciate the level of service we provide, please call us with their name and contact information.
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With the new year under way, this is a great time for a quick update on our local real estate market. A lot of people talk about what is going on in real estate on the national stage, but it really is best to know and understand what is happening in your own backyard. Check out Rick’s video update below to hear how things are going in the Portland Metro area. If there is anything that we can do, please don’t hesitate to give us a call. We’re never too busy to help you or your friends and family! And thank you for trusting The McDowell Team as your preferred real estate team!
Below are the latest Real Estate market statistics for Portland and the Surrounding Areas for the full month of December 2023. Click HERE to see the full detailed report.
*Home inventory refers to the length of time that it would take to run out of houses to sell if we continue selling at the current rate without listing any additional homes for sale.
As we start a new year, the real estate market is once again shifting. Many experts project that rates will finally start to decline. When that happens, it’s anticipated that there will be an influx of buyers and sellers ready to enter the market. This month we're sharing information on the state of the housing market, historical interest rates and some well-researched stats on why the typical homeowner moves. We're here to answer any questions you may have about real estate and help you through every step of your future home sale or purchase. Please feel free to reach out any time!
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Portland Metro NewsCome here to get updates on local real estate market information, community events, and helpful tips for homeownership in the Portland, OR region. Categories
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