Home Buying in Lake Oswego>Question Details

Vijay, Home Buyer in Portland, OR

What is the prediction of the market in the next 12 months? What is the growth expected in these areas for next 12 months? .

Asked by Vijay, Portland, OR Tue Aug 27, 2013

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My prediction is the market is going to stabilize. What I mean is we will be moving out of a "Seller's" market with an increase of inventory. Prices will not sky rocket like last year's 12% gain instead will gain a more normal 5 to 6% value year over year. Homes in Lake Oswego in particular will keep there value as it is one of Portland Metro's most popular areas. I also believe interest rates will continue to rise slowly but banks will loosen lending standards to compete. Hopefully we will see an increase in consumer confidence so the days-on-market decrease especially in Lake Oswego where they can be numerous.
0 votes Thank Flag Link Mon Oct 28, 2013
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