Year in Review. Top 10 Real Estate News Stories in 2022
January 27, 2023
As we move further from the unforeseen ways the world was reshaped in 2020, notably the real estate market, there have been lasting impacts, such as in the way we list and sell homes, and other ripple effects as the market adjusts. 2022 was yet another historic year in the real estate market, with record breaking highs and record breaking drops. We will recap the top 10 news stories. 1. Mortgage Rates are at a (Recent) All-Time High The biggest story affecting the real estate market in Portland last year was the sharp increase in interest rates due to federal hikes, which likely won’t be lowering anytime soon. As inflation continued to impact the cost of groceries, gas, airfare and...