The luxury home market in the Portland area has been hit pretty hard. In fact, there are some properties that can be purchased for less than HALF of what they would have been "worth" just a few years ago. That, coupled with historically low interest rates, makes buying a luxury home very appealing. It gets better...as Paul Gowan with Willamette Falls Financial writes in his recent article, "the spread between conforming and jumbo rates has narrowed." Bottom line: many luxury homes have been severely discounted, interest rates are extremely low and jumbo loans are cheaper than they have been in years.
You can read the rest of Mr. Gowan's very informative article by clicking here.
For more information about the Portland real estate market, turn to the experts at Soldera Properties. Call 503-334-1515 or email firstname.lastname@example.org.