By Mel Dorman, February 9, 2021
We’ve all heard the horror stories about the madness that await buyers in markets such as; LA, New York and San Fran. What if I told you the Portland housing market is quickly changing and emulating some of these larger markets? When the pandemic began, so many feared we would be back in at 2008 scenario. 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.
Buyers who are able to remain dedicated and understand the unique challenges this market brings, benefited from the fast appreciation seen in the last 12 months. Across Portland the average home price has increased by 10% or more. Interest rates remain the lowest we’ve seen in years. helping to absorb some of the immediate sock of the increase price tag. This is not the time to wait around and see what happens with the market. 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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- T: 503-567-4697
- melissa@livingroomre.com
