Oregon Prices Increase.
Many Oregon Home buyers are out looking for their dream homes every year. Home prices are up 12.2 percent from a year ago, according to the latest February reading from Core Logic. Investors, laden with cash, are buying fewer homes this spring, buyers are frustrated with higher prices and waiting…for what? I guess they are waiting for more homes to be listed. But the problem with that is prices and rates going up for another year. If at all possible, DO NOT WAIT as you will end up paying more. I said this last year as well, if you want to capture the increase as your equity-apply now. We are seeing continued increases in housing demand and populations in major Oregon cities such as Eugene, Salem, Bend, and Portland. If you have ORVET or Federal VA eligibility it’s a great time to buy.