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Real estate: Good news for buyers

9:19 AM Tue, Jul 17, 2007 |
Aaron Weiss
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Salvador at the Portland Real Estate Blog says housing inventory has reached 5 months. Looking at the overall trend, that's good news for buyers, bad for sellers:

For comparison purposes, inventory at this time in 2006 was only 2.6 months. And in 2005, during Portland’s record breaking year, inventory was at an all time low of 1.5 months. In other words, the number of homes for sale in Portland and the suburbs has doubled and tripled in the last couple of years. (Link)
Salvador's bottom line: "Sellers need to be realistic."



1 Comments

tammy said:

good to buy right now ,,yeah right only if your rich and you dont really have a care about the world.sellers are hurting because people like are friends neibors,family even are doing it.to the unfortunate that halft to sell to survive america really is greedy,exspecially the mortgage loan places like citi financial well citi bank all the same.a greedy industryi wish there was a person or something somewhere that protect people with brain injurys from being sucked into getting more then they needed,and sare about to lose it all ande it was a house boufght in with the money she got from her daughter that died in a car wreck with her.citi bank ,,citi financial should be hung i think for that..


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