The Roseburg Oregon real estate market has been all over the place the last few years! In this video, we break down the last few years of market activity, where the housing market is today in 2024, and where we think the Roseburg housing market is going in 2024 and beyond.
The housing market is difficult to predict. The best thing we can do is look back at past data to see trends and gauge where real estate values are going. This is influenced by the number of homes for sale, how fast buyers are buying up real estate inventory, and outside influences like interest rates, government policy, and employment opportunities.
The long and short of it is that while values have stabilized (good for buyers), interest rates have gone up substantially (bad for buyers). Overall affordability for everything including Roseburg Oregon real estate has become more difficult.
Because values have stabilized, sellers who own Roseburg real estate are in a good position and many hold a good amount of equity. The catch is that if you sell, you’re losing your sub 3% interest rate and replacing it with a 7%+ interest rate. That’s hard for anyone to stomach!
My advice is to make your real estate investing decisions carefully and think long term before making any home purchase so you aren’t taking on unnecessary risk.
