The number of closed home sales in the Portland metro area jumped 14% in December, the highest monthly increase since June.
The number of closed home sales in the Portland metro area jumped 14% in December, the highest monthly increase since June.
The Regional Multiple Listing Service reported 1,462 sales.
Jim Homolka, president of RE/MAX Equity Group in Portland, believes interest rate swings may have convinced uncertain buyers to move. After hovering for weeks near historic lows, rates jumped for a short period in December back above 5 percent, only to subside again.
The temporary increase may have been a wakeup call to buyers that the outrageously low rates won’t be around forever, Homolka said.
Read more at OregonLive.com.
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