
How does the current home buyer trends compare to 2013?
It’s been fascinating to watch. Last year was the year the first-time home buyer and investor. Low interest rates coupled with appreciating home prices made sense for existing home owners to stay put while it gave an opportunity for investors & first-time homebuyers to enter the marketplace.
This year, as prices have been appreciating, we’ve seen current homeowners selling their existing homes and moving up.
Will the “move up” market impact price?
Absolutely. With the influx of homes on the market, it has created more of a demand which we feel indicates that the prices will continue to increase.
Will this be beneficial for higher-end or lower-end homes?
It seems to be more beneficial for higher-end homes as homes over $500k are starting to sell.
Tune in to KXL‘s “Experts on the 19′s” every Monday morning at 6:49AM and 8:49AM and listen to real estate advice from Portland’s Real Estate Advisor, Rick Sadle.
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