#498 - Housing market hits ’fever pitch,’ prices likely to increase more

More than a year into the pandemic, real estate experts say the housing market is hotter than ever, and buyers are left with many challenges to navigate.

Jennie Huynh grew up in Portland and bought her first home in November. She and her partner had to make offers on six houses before an offer was accepted in Hillsboro.

"Honestly really brutal," Huynh said of the months spent house hunting. "We were definitely having to throw some elbows to end up with the house."

Shannon Janssen, a realtor with Coldwell-Banker BAIN in Portland, said the market has not eased since it picked up last year.

"If anything, it has hit a fever pitch," Janssen said. "Homes are selling in one weekend...They're getting multiple offers."

Join your host Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he takes a look at this developing topic.

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