Its Not Just Portland

Dated: 06/07/2013

Views: 12660

Investors nationally are backing away from Real Estate, as this market continues to stay hot!!  This awesome HousingWire article shows us that everything we thought we knew about our market... may be changing.  

"The REO discount per living space actually went positive in the first quarter of this year, meaning buyers are paying more for REOs than normal priced homes. "
It's starting to look like overpriced distressed homes, short sales, and REO's are becoming a trend.  
"Now that the market is healthy again, will traditional consumers take the place of buyers? With inventory as strapped as it is, will fewer investors pouncing on properties actually be a relief for potential buyers? Only time will tell what the lull in real estate investors will do to the housing market."

See the full HousingWire article here: http://www.housingwire.com/news/2013/06/06/shifting-market-turns-investors-shy-housing
And remember to call or email me at 503.789.7888 - melissa@frontdoornw.com if you would like to discuss how the market will affect your upcoming home purchase! 

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