The facts about Oregon real estate values in January 2020 Folks, Ive been a real estate broker for 40 years. I also had a mortgage company for 22 years, and for the last 7 years have valued homes for banks, credit unions, loan servicers and Fannie Mae. I know more than most brokers about values, trends and the future of real estate in this state. Here are some basics to start: 1. Supply and demand. Usually when there are more buyers than sellers, the value of anything goes up. Up to where though? Up forever? 2. In any area of the country, prices of anything from toothpicks to mansions will be determined by the yearly pay of Joe and Jane Worker. (To be politicly correct, any number of humans of any type or preference who either use just their own individual money or pool it to purchase. For ease, I will use Joe and Jane, no offense intended) Yes you have poor and rich but overall, its middle America wage earners that determine what...
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