Existing Home Sales Show Modest Gain

I hope to see these good news begin to make big headlines!  What I have found over the last 6 months here in Portland is that majority of the homes hitting pending status are those priced right for the first time buyer at around $230,000 and under…… but even more recently I’m finding the price point of pendings moving up to just under $300,000.  There has been a lot of inventory so these homes are sitting on the market longer, yes, but it’s picking up…. and buyers in this price point that have become used to taking their time to find just the right home (and in many cases are overwhelmed by the options) will soon find they’ll need to move quicker.