Today I stumbled on a great article about the recession, and what the “experts” expect to see. Many of us in Oregon will be pleased to see that the expectation is for Oregon to recover sooner than most others.
What does this mean? It can mean a lot of things, but I think in Central Oregon we will see;
- More technology jobs than before
- Home prices stabilizing –
- Less bank owned home and short sales
- Interest rates to rise slightly
Now none of us have a crystal ball and I am not stating that any of this WILL happen or WHEN it will happen, but it is great to see others putting it in print to the public that the end of these times are near.
As a buyer – now may be the beginning of the end of the market we have been in. It is time to get off that fence before prices raise, interest rates raise and you pay a higher dollar.
As a seller – things may be back to “normal” sooner rather than later.
The Article I read was – Which States Will Be Early Risers? – click on the title to read the article for yourself – it has come great maps, and information about every state.
Melina Tomson says
Thesa thanks for sharing this article! I’m seeing signs of stabilization in some of the Salem markets so it jives with what I see.
My hubby is in the manufacturing sector (works with quite a bit of tech) and he said that he has been busy for the first time in a couple of years. It’s a 1-2 year cycle from design to production so being busy now is a good thing 🙂
Thesa Chambers, Broker, ABR says
I read it and re-read it and thought was I seeing things – Oregon kind of surprised me… there was a lot of great information about all states – thanks for visiting