We know homes are sitting longer. But for buyers who are watching interest rates climb, does that matter? It does. There are lots of interesting tools that lenders - and realtors - have at their disposal to potentially make home buying possible despite rising rates, even for first-time home buyers. Julee Felsman with Guaranteed Rate Mortgage talks about some of them in the video above, from house-hacking to negotiating seller-paid closing credits - check it out!
Opportunity: Homes on the Market for 30-60 days
Homes are sitting for longer these days. In mid-June, the average days on market for homes in the Portland metro area was 42, and as of this week it's 67. Whereas a few months ago, anything that lasted a week or longer might have looked suspect (why is it still on the market - what's wrong with it?) that's no longer the case. There are potential deals to be had. Check out this selection of current homes that have been on the market for 30-60 days.
