National Pending Sales at 7 Year Low January 6, 2009
Posted by straffas in Uncategorized.trackback
The key word in there is “national”. Remember that Real Estate is local, and although we are not flying high by any means, many markets would gladly trade their statistics with the Portland market.
It is all about jobs and consumer confidence. Rates and inventory make for affordable housing, and some great investment opportunities. If you have a job, and you are fairly confident you will keep your job, 2009 might be the year for you to buy a home.
One idea to consider:
Do you have a home with a montly payment that is less than or close to the amount a renter would pay for it? Converting your home to a rental could enable you to take advantage of this buyer’s market. This has its advantages and hazards, and this is not for everyone. If you would like to explore your options, and live in the greater Portland area, contact me for an appointment.
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