Isn’t there always a silver lining?
May 20, 2009
Although we’ve seen a little pick-up in real estate activity in the past month, prices continue to be depressed. This is bad news for those that purchased their house in the last couple of years utilizing low-downpayment financing. They are forced to either ride out this storm and hope their varaible interested rate doesn’t start to adjust upward, or put their home up for sale and start negotiating with the bank(Something I’ve helped many do recently, ask me if you have questions…).
But what is disaster for some is opportunity for others. The falling home prices mean that for those that do not yet own a home, the options are looking great. The glitzy finance packages aren’t as easy to come by anymore, but there is good financing out there if you know where to look. Locally, it feels like, although we might not be at the very bottom, our toes are starting to touch. And for many of us, that’s a really good feeling.
Kerry O'Neal has been a licensed broker for over 12 years. He has worked with residential, commercial, and industrial properties in the Central Oregon area for over 5 years. 
Josh grew up in a Portland real estate family. He was buying and selling rental homes and income properties, and managing large multi-family complexes, when most of his contemporaries were just beginning their careers. 
