Housing supply still low

Housing supply still low

Portland-area home listings dropped by 29% in the first two weeks of 2013 compared to 2012.

The 1,225 homes listed in the first 14 days of 2013 is just over half the number in the same period of 2010.

It has been a frustration for would-be buyers, who have found there are few houses to choose from. The competition has led to multiple offers and bidding wars, some of which escalate prices to a beyond the homes' appraised values.

Read more at OregonLive.com.

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0 #1 Bank owned property...Guest 2013-01-17 01:30:04
If the bank owned property would become freed up, there are plenty of properties that would be available property for first time homeowners. There is money available to renovate their property it would be their dream come true. There are over 1,000+ plus homes in the inventory of banks that need new home. Financial institutions can share a little kindness to those who want a opportunity of homeownership, if they would just let go and let it happen. Those as myself included want to have a piece of the pie and we would have it if we were able to: "own our own" that is our dream home!
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