Oregon Mortgage Rates
Oregon ranks third in the country in terms of growth. Driven by a thriving local economy, real estate appreciation has been a constant in this state's diverse market. Experts forecast strong appreciation rates for Portland, Salem, Eugene, Corvallis, Medford, Grants Pass, and Bend. In the last ten years, Portland's residential property prices have more than doubled, due partly to a prosperous job market. Housing in the Salem area is holding its own and progressing at a steady pace. The city of Eugene continues to attract new industries and jobs. Prospective buyers seeking affordable housing should consider Redmond, Corvallis and Medford. An important second home market and popular ski destination is Bend, a booming town with many new condos and homes. An emerging second-home market is Sisters, Oregon, which is also predicted to appreciate. Sunriver ranks among the 10 best second-home investment markets in the nation. Compared to eight years ago, the price of some of its real estate has nearly doubled.