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Betty Jung's Blog

ALL ABOUT.....Portland.Oregon.Real Estate

By Betty Jung | Broker in Lake Oswego, OR

The Good 'Ol Days In Portland Real Estate

Good Grief. Are These The Good Old Days?

When I first started selling Portland real estate in 1975, homeowners lived in their houses on average 7-10 years before selling. Later that changed to families staying in their homes approximately 3-5 years. Then, during our housing peak, some people didn't stay in their homes at all and at recording/closing, people would instantly resell.

Economists are saying in this economy you should think about how long you are planning to stay in your home before you purchase and it's better to think long-term like people did years ago. Unfortunately there are times when life doesn't come in a neat little package and people need to move sooner.

However, with all that's been going on with the most recent foreclosure mess, not to mention the financial crisis and the recession, the "good 'ol days" sound pretty good to me right about now.

How long do you plan on living in your current home or future home? This time, think long term.

CHECK OUT MY BLOG AT ALL ABOUT.....Portland.Oregon.Real Estate for any posts missing from this site.  I blog everyday so if there are any missing here go to my primary site.

ALL ABOUT.....Portland.Oregon.Real Estate. © Copyright 2008-2010 Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of federal copyright laws. Based on a Blog at WordPress. (For more local and national real estate information, go to my website).


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