In case you didn’t catch it on Oregonlive.com the Oregonian’s real estate reporter Elliot Njus wrote a good piece on the outlook for buying a home in Portland in 2014. I also happened to be quoted on the topic of the upcoming qualified mortgage regulations. You can read the piece HERE.
Here is a summary:
- Homebuying will remain competitive especially in the first half of the year.
- Mortgage rates will rise.
- Difficulty in obtaining a mortgage will likely be unchanged.
- Price appreciation will moderate.
I happen to agree with each of these forecasts. Happy New Year!