Homebuyers may have an edge as sales flatten
It appears a relatively good time to be a home-buyer in the Portland area.
Mortgage rates have fallen to near-record lows, and more houses are listed for sale. Bidding wars are mostly a thing of the past.
But buyers nonetheless are sitting on the sidelines, brokers say. Sales are in a slight slump as a result, and homes are spending more time on the market.
6 tips to sell your house before the end of the year
In recent years, sellers have called the shots in homebuying negotiations. They’ve had plenty of leverage, too, thanks to surges in buyer demand, tight inventory and soaring home prices in many top markets around the country.
But we all know that the housing market is a cyclical one. Pricing and demand that goes up eventually goes down, and the hot summer housing market often cools by the time winter rears its chilly head.
