It is obvious to see that from a one year stand point, the Portland real estate market, housing interest rates and real estate in general is back. With a rise in interest rates of over 1%, as well as an increase in overall prices, the difference in payment is dismal to the average 2013 Portland home buyer. To say that $216 a month is a small increase is a vast understatement.
As projected, interest rates are set to sky rocket again in the next few months. Now is the best time to buy as interest rates will continually rise leaving certain home buyers looking at lower priced homes as monthly payments will drastically increase. Don’t get left in the dusk looking at what you could have had the month prior. Find your Portland Real Estate now and be glad that you did!