According to Zillow, we are seeing a leveling out of home values in the Portland area. If the trend 
continues we will see an average home value comparable to 2006 values. As the government continues to pour funds into the Mortgage industry we are seeing those funds pay off in real terms such as home values and new home sales. We still do not yet have enough data to determine whether or not the bottom has hit in the Portland Metro area, yet there are strong indicators eluding to that being the case.
What this tells me is that now is the time to be looking to purchase your first home or an investment property. If you are looking to take advantage of historic low rates and near rock bottom home prices, then the first step is to have a discussion with a Mortgage broker to see how much home you can purchase. Mortgage brokers have a large array of loan options to assist you in finding the right mortgage for you. Click here for a free quote.
Scott Schneider
The Portland Mortgage Examiner
Would love to hear your comments.
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