Portland is a popular spot for younger folks looking to strike out on their own; it’s snow-capped mountains, proximity to the ocean, and vibrant creative culture make it a destination of choice for burgeoning millennials. That Portland was—just a few short years ago an exceedingly affordable place to live—makes this uptick in real estate value a tad bittersweet.
Today’s Portland is replete with potential home buyers, often relocating from larger metro cities they themselves have been priced out of or else as an extension of their college experience—either way, this city is getting pretty crowded, and that makes for a particularly cut-throat real estate market.
New buyers can sidestep bidding wars with extensive planning before they move forward with a loan application. Having a particular neighborhood in mind, being flexible about architectural styles, and a general willingness to explore less trendy areas of the cities are all good ways of avoiding the discomfort of battling for desirable homes.
Portland has just entered its adolescence as a burgeoning metropolis, making it a fortuitous time to buy your first home; there will be plenty of home value increasing urban growth in the foreseeable future, so strike while the iron’s hot!
Stonebridge Mortgage Group can help you with your Reverse Mortgage, Real Estate Loan, and many other mortgage solutions. We serve the greater Portland area and are located in Gresham, Oregon. Call us today at 503.661.5580