Be verwy quiet.... We're hunting howses.
Home prices are still falling in Portland, inventory is still increasing, and home owner's are still delusional about the value of their home.
For example... 349,900
Things are looking our way though. It's almost spring and that is one of the classic times when everyone buys and sells. This will at least create more inventory and more options for us.
Another thing that will be going in our favor for the next couple of years, is that all these people who got into a house with an 5 year ARM (Adjustable Rate Mortgage) are having them reset at the end of 5 years. This equals a higher interest rate and a house that they cannot afford and a bargain for us!!
I know that is a shrewd way to look at it.
Here is a house that is more in our price range, but still not exactly what we are looking for. Location is such a sticky point.
We'll let you know when things fall into place and we're going to buy. Keep your fingers crossed for a nice house in a nice location!
No comments:
Post a Comment