Is NOW a Good Time To Buy A House in Portland, OR?

If you're thinking of buying a house in Portland, OR, you may be wondering if now is a good time to do so. Interest rates are currently in the 6s and 7s, which is about on par with the 50-year average of 7%. However, it's important to keep in mind that interest rates are subject to change and can fluctuate over time.

Jennifer Schurter, a real estate agent in Portland, OR, says that interest rates are just one factor to consider when making the decision to buy a home. "It's important to consult with a trusted mortgage advisor to get an idea of what you can afford and what your monthly payments would be," she says. "You should also take into account your long-term goals and whether you see yourself living in the same house for many years or if you plan on moving soon."

Ultimately, the decision of whether or not to buy a house is a personal one and depends on your unique circumstances.