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Gresham Oregon
Gresham is the fourth largest city in Oregon. The city was named for the American Civil War general Walter Quinton Gresham.
Gresham Real Estate
The Gresham real estate market is growing rapidly. New homes are being built in Gresham at a staggering
pace. Much of this Gresham real estate is built with foreign buyers in mind.
Currency exchange rates have made buying real estate in Gresham and the US
in general much more favorable in the last few years.
Over the last several month real estate prices in Gresham has begun to soften
a bit. The softening market has prompted some sellers to increase incentives
to sales agents and buyers, ranging from increasing sales commissions to
reducing pricing. Many believe this presents an opportunity to scoop up
hot Gresham homes at reduced prices.
The reasons for the cooling market include mortgage rates than are beginning to move higher, a temporary oversupply of homes, and the property tax consequences of moving to a new home. Many experts and market watchers say the fundamentals underlying Gresham's real estate market remain sound
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