Funny how all these realtors say the market is ok. I'm moving to Portland early next year, and have been watching prices on trulia, craigslist, etc., for over one year. Many houses AND condos are not moving for many months, with hefty price reductions. One condo conversion project in Irvington keeps running an ad that says, "Hurry! Only 3 left!" There have been 3 left for at least 6 months. There are also more and more ads saying "very motivated seller" and "huge price reduction" that make it clear that homes are not moving like they were. Take your time, and start watching the market. As an ex-realtor, I warn you not to be too swayed by anything they tell you. The Wall Street Journal recently ran an article about the national housing market that stated that inventory was up over 40% in the "hot" markets of Portland and Seattle. Soon that growing inventory will really start to affect prices, just like it in other places. - Thu Jan 17 2008, 19:30
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.