What to expect from the housing market this year
With the chaos in the current economy, you may be surprised to learn that the housing market is still holding strong.
In part, record-low mortgage rates and low inventory have kept demand strong among buyers. And as homeowners reevaluate their needs during the ongoing pandemic, many are looking to move into larger spaces with better amenities.
Although the growth of home prices slowed some in April, the rates have risen again to a pre-COVID pace. If you're looking to sell, this could mean a nice profit on your home. But to get the best price, you'll still want to make sure your home is competitive with others on the market. An experienced real estate agent can help you make your home appeal to buyers and make sure it's priced competitively.
For buyers, a strong market may require competing against multiple other offers. But, with some patience and the help of an expert, you can find a home that meets your needs and budget.
At Harnish Properties, our years of expertise in the local real estate market make us the perfect choice to help you navigate all the challenges of the real estate process. Whether you're ready to buy or sell, we can help strategize a plan to meet your needs. Give us a call.
201 B Avenue, Suite 101
Downtown Lake Oswego