By Mel Dorman, January 26, 2021
When the Covid 19 pandemic started, so many people were worried about the housing market. It only took a few weeks to quickly realize, the real estate market was going to boom through this pandemic. If you have been a home buyer, waiting for prices to fall, I’d suggest looking at the data. We see no such thing in the near future.
For those brave enough to take the plunge already, they benefited from the appreciation seen in the last 12 months. An indicator of this appreciation is the median home price rising by neighborhood. You can see many had 10% or more in increase. While the interest rates are at all time low, don’t miss out. Home prices are rising and you don’t want to be priced out of Portland!
Mel Dorman
Broker | OR & WA
She/They
Ten years ago, Melissa was living in a slum in Kolkata, India, helping over 200 women escape sex trafficking by providing alternative work at a social business.
It was there she discovered her passion for financial education as a means of empowering people to move out of poverty. After graduating from UCLA with a Masters, Melissa spent 5 years working as a Social Worker; assisting clients facing homelessness, in jail, or at a psychiatric facility.
As much as she loved the work, imagining saving for retirement on the meager salary of a social worker was becoming grim. That's when Melissa discovered "passive income." In no time, she fell in LOVE with real estate as a vehicle for wealth. Soon after, Melissa began locating off-market multi-family properties to purchase through creative financing strategies and win-win opportunities. Two years into investing, Melissa quit her day job as a Social Worker to become a full-time broker and investor. Initially, she was drawn to people in difficult circumstances, so she developed extensive experience assisting families facing foreclosure, short sales, and probate. Melissa is well versed in helping her clients overcome complex real estate challenges.
Currently, Melissa is teamed up with Super Broker, Yascha Noonberg at Living Room Realty. Together they assist clients to achieve their real estate dreams, including how to strategically buy and sell a personal residence to maximize profits. Far from the slums of Kolkata, her greatest passion now is empowering other working professionals to develop passive forms of income through buying multi-family properties in Portland.
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