The increase in the federal interest rate is the topic du jour. But what does this mean in real terms for the average home buyer and the home market in general?
The US Federal Reserve or ‘the Fed’ is the central bank which loans money to banks and sets ...View More
The dream of many young adults, and even older adults, is to one day own a home. This right-of-passage has become increasingly more out-of-reach as wage growth hasn’t kept up with inflation, let alone home prices. But the market is controlled by factors largely outside of the average American ...View More
During the pandemic US home prices grew 40-50% in most major markets as people moved to suburbs and rural areas. One assessment found that a US household would have to spend 31% of its monthly income to make a mortgage payment for an average-priced home, the highest mortgage payment to ...View More
A new report from the Oregon Department of Economic Analysis released a report indicating that only 1 in 5 people can afford a home in the Portland metro area, a similar rate to other cities in Oregon. This has an impact on demand, fewer people are able to buy homes ...View More
Home prices in Oregon have doubled over the last decade, with a steady rise in prices that increased sharply during the pandemic as more people wanted work-from-home spaces. Home affordability has hit a 35 year low.
Oregon’s housing prices are higher than the US average driven largely by ...View More
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