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PORTLAND Aubrey MacMillan and Jared Johnson say they were lucky to find a three-bedroom house they could afford in Portland’s scorching residential market. But the first-time buyers in their 20s had more than good fortune shine on them.
Out-of-staters are buying Oregon homes with cash and remodeling sight unseen, real estate agents say OregonLive.com 5/6/2021 Janet Eastman, oregonlive.com
Listen to some real estate agents this spring and you hear the song over and over: Out-of-state buyers have been driving up prices and demand in Oregon’s scarce housing market.
Digital workers, set loose to live anywhere during and likely after the coronavirus pandemic, have discovered they can get more for less here, especially compared to high-priced Seattle and the San Francisco Bay area. They are adding pressure to already tough buying conditions, agents add.
A historically low inventory of homes for sale, escalating prices and bidding wars are frustrating a backlog of local buyers, some of whom have had offers rejected for a quicker cash sale.
Out-of-staters are buying Oregon homes with cash and remodeling sight unseen, real estate agents say
Updated May 05, 2021;
Posted May 05, 2021
A single-level house on the 8th fairway in Bend s Awbrey Glen golf community received an offer three days after hitting the market and sold for $51,000 over asking price.Jordan Ries/Assist 2 Sell Buyers & Seller
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Listen to some real estate agents this spring and you hear the song over and over: Out-of-state buyers have been driving up prices and demand in Oregon’s scarce housing market.
Digital workers, set loose to live anywhere during and likely after the coronavirus pandemic, have discovered they can get more for less here, especially compared to high-priced Seattle and the San Francisco Bay area. They are adding pressure to already tough buying conditions, agents add.