Affordability is the best it's been in almost FIVE years!

Although it may not seem like it with many people facing financial hardships right now, real estate affordability is the best it's been in almost FIVE years!  There are many people able to take advantage of this current affordability and are currently in the process of purchasing a home.  The current low interest rates make the biggest impact on this affordability index, but other factors like median income and median home price are also part of the equation.  Home prices have not been rising as fast as they were four to eight years ago and median income continues to rise.  This is great news for many Portland area families that have been waiting for the right time to buy!  Interest rates have recently reached 30 year lows and here's a snapshot of rates from May 13th, 2020.  If you already own a home, now is also a great time to refinance to lower your monthly payment.  Contact us today for a great lender recommendation.