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Lake Oswego Oregon
Lake Oswego is a city in Clackamas County, Oregon. Lake Oswego is notable for its reputation as one of the most affluent suburbs of Portland. Oswego Lake is a private artificial lake managed by the Lake Oswego Corporation. The city has some of the highest valued real estate in the state, particularly the homes overlooking the lake.
Lake Oswego Real Estate
The Lake Oswego real estate market is growing rapidly. New homes are being built in Lake Oswego at a staggering
pace. Much of this Lake Oswego real estate is built with foreign buyers in mind.
Currency exchange rates have made buying real estate in Lake Oswego and the US
in general much more favorable in the last few years.
Over the last several month real estate prices in Lake Oswego 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 Lake Oswego 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 Lake Oswego's real estate market remain sound
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