The median home value in Oregon is $239,000. Oregon home values have gone up 8.4% over the past year and Zillow predicts they will rise 4.1% within the next year. The median list price per square foot in Oregon is $161. The median price of homes currently listed in Oregon is $269,000 while the median price of homes that sold is $250,000. The median rent price in Oregon is $1,195.
The median home value in Washington is $259,900. Washington home values have gone up 7.6% over the past year and Zillow predicts they will rise 5.5% within the next year. The median list price per square foot in Washington is $158. The median price of homes currently listed in Washington is $279,000 while the median price of homes that sold is $281,492. The median rent price in Washington is $1,445.
Andy Harris Interviewed in Article Featuring Millennials
If you have been following the news headlines over the past few months, it would have been difficult to ignore the quantity of coverage devoted to the impact that Millennials may or may not have on the housing market—as well as the contradictory nature of this coverage. MORE
New Update to Our Website!
We’re proud to announce that we’ve updated our site yet again recently. We have even more consumer educational content, programs, and real-time pricing. Check it out!
Andy Harris Interviewed in Article About Non-QM
Many don’t know what a “QM” or Qualified Mortgage is vs. a “Non-QM” or Non-Qualified Mortgage under Dodd-Frank Financial Reform now controlled by the Consumer Financial Protection Bureau (CFPB). If you or anyone you know will require non-traditional financing (asset-based, low new income self-employed, unique, etc.) for any reason, the Non-QM or private investor/portfolio market is something to keep an eye on. MORE
VMG Mortgage Rate Tracker
Mortgage rates recently hit one of their lowest levels of 2014 (an interesting market to say the least). It is wise to keep your eye on the bond market if you have an adjustable rate coming due in the next few years or if you believe there is potential for improvement.
If you know of anyone buying a home now or in the near future, certainly have them compare against Vantage. We are very confident in our combined elite experience and market-leading pricing in the Northwest to compare against any existing or considered mortgage provider if not VMG. *We have a new consumer pricing engine also that one can use for informal comparison (math is math) – just ask me for the link if interested.
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To keep an eye on our market-leading mortgage rates or pass on to a friend or family member in the market to buy or refinance, visit our blog: https://vantagemortgagegroup.com/blog/
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If you have any questions, please feel free to contact me anytime.
