Follow on Google News News By Tag * Portland Real Estate * Portland homes for sale * Lake Oswego Real Estate * Hillsboro real estate * More Tags... Industry News News By Location Country(s) Industry News
Follow on Google News | Historically Low Interest Rates Means Portland Real Estate is More Affordable For First Time BuyersContinued easing from the Federal Reserve is driving historically low interest rates for Portland OR real estate buyers says local REALTOR® David Somerville
By: David Somerville According to Somerville, the Fed's attempts to revitalize the economy with low interest rates should be seen as a gift for anyone wanting to buy a home right now, because low interest rates significantly lower the cost and risk of buying a home. "I know from experience that some buyers won't decide to purchase Portland real estate (http://www.maxwellsinclair.com/) He says that means buyers who wait too long may get neither the lowest rates nor the lowest prices. "I've never seen the national average for interest rates this low at only 3.85%. Someone who buys a $200,000 home can have a mortgage payment of less than $1000. You can buy a lot for $200,000!" Somerville sees more first time homebuyers and investors entering the market for Portland homes for sale as a result of lower interest rates. "This is a great time to get into a new home, in my opinion. No matter what the Fed does in the future, I think we'll look back on this period as a great opportunity for buyers." About David Somerville David Somerville is a full time REALTOR® with an extensive knowledge of the entire Portland Oregon metro area. His knowledge of local neighborhoods proves valuable to Portland real estate buyers and sellers alike, whether they are in the Downtown area, or suburbs such as Lake Oswego real estate (http://www.maxwellsinclair.com/ David Somerville 5 Centerpointe Dr. Suite 150 Lake Oswego, OR 97035 503-789-7633 http://www.maxwellsinclair.com dave@maxwellsinclair.com # # # Experienced real estate SEO and press release copy writing, with articles successfully pitched to Wall Street Journal, Los Angeles Business Journal, LA Times, OC Business Journal, Building Design & Construction, and much more. End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|