Tigard Homes for Sale; Metzger Neighborhood

Nathan: We are in different markets and how prices are different! Those were all the properties under $300,000 that were listed. Just 5! I remember seeing a 3 bedroom, 1 bath house on 1 acre in Tennessee for $70,000. Amazing! If you could find an acre with no house around here it would be at least $350,000. Just a postage stamp size lot here could easily be $130,000.

Sarah: I'm not exactly sure what income level it takes to qualify because much depends on how many other bills they have. I do know that a 23 year old single client of mine makes $72,000 a year and he barely qualified for a payment of $1900 a month. He has very little left over each month. He is fairly rare around here. It usually takes 2 incomes to qualify for that first house. Single teachers and nurses do not usually qualify. They need to bring a lot of money to the transaction. I'm afraid that in ten years first time home buyers will only be able to afford run down condos and townhouses around here. People need to buy now. It will never be any cheaper. We have the Urban Growth Boundary here that artificially restricts available land to build on. Land gets very expensive. Builders by a house with a large lot, tear down the house, and build 6 townhouses on it. However, the UGB has helped us avoid the severe real estate down turn the rest of the nation is experiencing.