By Melissa Dorman, August 5, 2021
August and That Means It’s HOT!
(And we’re not just talking about the weather)
Portland home sales are peaking.
According to the RMLS, June recorded the highest number of closings in the
last three years, and inventory hit a historic low in May.
Sellers benefit as pent-up demand, low inventory of homes for sale and low mortgage rates have
escalated the sale price of Portland area homes in the last year.
The average time Portland metro residential properties were for sale last month before receiving an
acceptable offer dropped to 21 days with many properties going pending within a day or two.
Broker | OR & WA
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.
Broker | OR & WA