Tom's Take: Impact of Higher Mortgage Rates [6.14.23]

It’s been about a year since higher mortgage rates began cooling the housing market. In general, Portland sales are down about 30%. But what impact has this had on prices? Is it the same across the whole metro area?

In today’s Tom’s Take, we will look at the major sub-markets across Portland to see which areas are thriving and which areas are lagging as we approach this one year milestone. The results may surprise you!

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