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Jen Woodbury's Blog

By Jen Woodbury | Broker in Lake Oswego, OR

Home Prices Finally Show a Rise?!

Home Prices Finally Show a Rise?!

Article from Money/CNN posted by Jen Woodbury MBA and PB, your Portland, West Linn and Lake Oswego real estate agent. Call 808-936-8957 or 503-218-3936 for more Oregon, Lake Oswego, Portland, West Linn and Tigard real estate information.

I found this article and thought it was interesting. So many buyers have been waiting on the market but this confirms my question of how much lower can we go? Clearly, nobody has an answer but the market is shifting and we are seeing multiple offers, declining inventory and some price stabilization. This is good news for sellers who have been waiting out the market! The news for buyers is simply timely as it’s a great time to buy with interest rates and prices so if you’re ready, it may be time to stop waiting and start buying. We could have hit the “perfect storm” of real estate and soon to be that “tipping point.”

http://money.cnn.com/2012/07/24/real_estate/home-values/index.htm?source=linkedin

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