When Is A Good Time To Buy A Home In Gresham And Portland?

When Is A Good Time To Buy A Home In Gresham And Portland?

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Get Help With Buying A Home In Portland and Gresham

Portland and Gresham locals looking to buy a home can rely on Stonebridge Mortgage Group for expert advice and assistance with all your mortgage needs. Portland and Gresham first time home buyers are often especially in need of professional mortgage advice when looking for their first home. Buying a home can seem overwhelming, but Stonebridge Mortgage Group is here to help. Stonebridge Mortgage Group offers professional assistance to Portland and Gresham first time home buyers and homeowners. Whether you’re looking for loan officer services, mortgage broker services, help with reverse mortgages, or if you’re in need of a real estate loan, Stonebridge Mortgage Group can help you.

When Is The Best Time To Buy A Home In Gresham And Portland?

Portland and Gresham locals looking to buy homes are in for good news! Now is a great time to purchase a home in Portland or Gresham.

Last time we talked to you about the low rates on the Gresham mortgage market. While Gresham benefited from a dip in mortgage costs in September, it seems rates are on the rise again. However, now is still the best time to purchase a home in Gresham! Gresham home buyers should take advantage of current low rates in Gresham, as predictions seem to indicate that rates will rise through the tail end of the year. With the current low rates, the median home value in Gresham is $343,600. Gresham home values have gone up 3.0% over the past year. However, while Gresham mortgage rates are still on the rise, those looking to buy a home in Gresham will be pleased to know that prices are lower in Gresham than in the Portland metro areas. The median list price per square foot in Gresham is $205, which is lower than the Portland-Vancouver-Hillsboro Metro average of $232. The median price of homes currently listed in Gresham is $359,900 while the median price of homes that sold is $339,800.

 

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Looking to buy a home in Portland? Now is a better time than ever. Portland is currently experiencing low rates in the housing market. Current, the Portland market is a buyer’s market! A buyer’s market is always the best time for Portland home buyers to be looking for a home. Take advantage of these Portland low rates while they last! The median home value in Portland is $416,400. Portland home values have declined -2.0% over the past year. That is an amazing change in the housing market in favor of homebuyers, leading to the current buyer’s market low rates on homes in Portland. The median list price per square foot in Portland is $290. The median price of homes currently listed in Portland is $459,900 while the median price of homes that sold is $424,300.

Don’t Miss Out On Low Rates In Gresham And Portland!

Portland and Gresham home buyers should always remember that the housing market, and thus mortgage rates, can be fickle. Low rates are never guaranteed to stay, so taking advantage of low rates and a buyer’s market when you can is highly advisable. If you’re currently in the process of buying a home with low rates, consider locking in your rate with your lender to protect yourself against an unsuspected sudden rise in mortgage rates. Remember, when you need help with mortgage matters in Portland or Gresham you can always rely on Stonebridge Mortgage Group! At Stonebridge Mortgage Group, we are proud to help Gresham and Portland locals. With our expert services and advice, we can help you get the best deals possible on your home. Take advantage of low rates now! Call Stonebridge Mortgage Group today!

Stonebridge Mortgage Group Offers Guidance On All Mortgage Matters

Stonebridge Mortgage Group offers experienced loan officer and mortgage broker services in Gresham. You can rely on Stonebridge Mortgage Group to help guide you through every step of the home buying process. We help get you pre-approved for a mortgage, assist with real estate loans, and provide mortgage solutions — both residential and commercial. Stonebridge Mortgage Group serves the greater Portland area and is located in Gresham, Oregon. If you’re ready to buy your first home, we’re ready to help you get there.

Call us today at 503.661.5580

 

 

Interpreting The Portland Housing Market

Interpreting The Portland Housing Market

Stone_Bridge_Mortgage_Identifying and Capitalizing On Housing Market Trends

For novice home buyers and experienced real estate gurus alike, the housing market can be a tricky market to predict. There are numerous things that influence the cost of real estate and they are ever changing. Variables can be easily forecasted or they can come from seemingly nowhere, but by employing a few tricks, the novice home owner can learn to anticipate market trends, opportunities, and perks.

Know your neighborhood — Examining the projections for the area you’re considering buying into will set you on the path to anticipate market trends. Consider how the area has grown or diminished over the past few decades and see if your projections line up. Areas like St Johns, Portsmouth and Kenton have seen remarkable growth, but still, afford areas of lower income. Examining the growth pattern of these areas can inform many of your real estate buying decisions.

Do your homework — Portland has experienced a great deal of growth in a very short amount of time. Study other metropolitan markets that also had quick, remarkable growth. How did they sustain growth and how did that growth impact real estate? Compare these findings to the growth rate in Portland proper. Do they line up? You may find it easier to predict growth trends when you see them play out in other parts of the country.

Ask questions — Finding a trusted agent and mortgage professional will greatly increase your chances of successfully predicting and buying into the Portland housing market. At Stonebridge, we welcome the chance to advise anyone on their path to home ownership.

Stonebridge Mortgage Group Offers Guidance On All Mortgage Matters

For professional assistance with mortgages and related services, look no further than Stonebridge Mortgage Group. You can rely on Stonebridge Mortgage Group to help guide you through the home buying process. We help get you pre-approved for a mortgage and help with your real estate loans and other mortgage solutions, both residential and commercial. Stonebridge Mortgage Group serves the greater Portland area and is located in Gresham, Oregon. Don’t wait to get quality assistance with buying your home! Call us today!

Call Stonebridge Mortgage Group Today at 503-661-5580

 

Identifying and Capitalizing On Housing Market Trends

Interpreting The Portland Housing Market

Stone_Bridge_Mortgage_Identifying and Capitalizing On Housing Market Trends

Where to Look for Current Housing Market Trends

Finding and utilizing current trends in real estate while preparing to buy a home puts you ahead of the pack. While older generations may place their faith in agents and services, younger generations are uniquely adept at research and data collection. With the world and so much of our history at our fingertips, it seems obvious that a rigorous round of internet sleuthing will turn up precisely the type of information you’ll need to make the most informed decision about the housing market you intend to enter.

Examine the market’s history for the last 30 years. If you can identify repeating trends of growth you can extrapolate where the current market is headed, and you may find that putting of ownership for a year or two is a better decision. Conversely, you may discover the time to buy is immediately and you ought to get a move on.

Deduce from your city’s past and current plans for urban growth; where the city intends to build out affluent, affordable, and low-income areas, and where those areas are in relation to your desired living area. Predicting where urban growth will be successful and where housing values will remain at a median is integral to your success as a home buyer.

Use social media to reach out to friends and acquaintances who are recent homeowners. How was their experience? What would they do different, and how would they change their process were they to buy again in the near future? These connections may prove to be priceless; folks tend to not hold back when it comes to dishing on social media.

Finally, contact our office to see how your own predictions measure up against current market projections. Chances are, you’ll be right on the money, which, as a hopeful home buyer, is a pretty great place to be

At Stonebridge Mortgage we are dedicated to making sure you end up in the home of your dreams. If you need assistance with mortgage or loan services for your home or office, we are here to help. Check out all Stonebridge Mortgage’s services.

Stonebridge Mortgage Group Offers Guidance On All Mortgage Matters

For professional mortgage services, look no further than Stonebridge Mortgage Group. You can rely on Stonebridge Mortgage Group to help guide you through the entire home buying process. We help you with the pre-approval process and assist with real estate loans and other mortgage solutions, both residential and commercial. Stonebridge Mortgage Group serves the greater Portland area and is located in Gresham, Oregon. Why wait to buy your new home?

Contact Us Now to Start Your Financing Journey or Give Us a Call at 503.661.5580

 

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