Portland Market Update Q4 2007

by | Dec 4, 2007 | How to Guides, Uncategorized

Hello Portland shoppers, here is your update on all things real estate from right now!

Inventory in the Metro area is 8.4 months with 15,500 active listings. December is historically a slow month but lots of investors are making moves right now and there is healthy showing activity on my listings. Rents continue to climb narrowing the gap between renting and buying. And the really good news is from the lending world…

From James Adair at pdxhomeloan.com: Rates for a 30 year fixed rate mortgage dropped below the 6% barrier and are right about 5.75%!! The FHA mortgage remains a great option for those with lower credit, but a lot of wholesale banks are increasing their credit score minimums from 585 to 600.

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