It is simply amazing the quality of the housing available right now in the Portland metro area. There is something exciting walking through a 5000 square foot home and realizing that all the owner is looking for is $400,000. Even in today’s market it would cost more than 400k to build a luxury home of that size and quality. With today’s low interest rates people that have been dreaming of owning a well located home with a major amount of “Wow” factor can buy a home that not too long ago would have seemed decades away in their future.
Buyers have the ability to be choosy in this market and even though banks are harder to deal with than most adults have ever experienced in their life time. Banks know that if they are not lending money, they cannot make money. No one should fear the effort and time it takes to make their dreams come true in this market.