Portland Short Sale Market Report – Back in 2021?
November 16, 2020
Short sales were almost non-existent in the Portland real estate market in 2020, representing a fraction of 1% of real estate transactions in the city. However, many expect short sales to rise in 2021 due to the impact of COVID-19 on the economy, and the end of mortgage relief programs that were passed in early 2020. Homeowners who are underwater on their mortgage should choose a short sale over a foreclosure in most cases, protecting themselves by enlisting the help of a Short Sale Certified real estate agent. Before we get into the differences between short sales and foreclosures, we’ll go over some short sale basics and look at the current market for short sales. For more information on our...