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McMinnville Oregon
McMinnville is the county seat and largest city of Yamhill County, Oregon. It was named by its founder, William T. Newby, an early immigrant on the Oregon Trail, for his hometown of McMinnville, Tennessee. The city holds the title of the capital of Oregon's wine industry. McMinnville has a varied landscape, including low-dropping "mini" valleys and forest-like patches of evergreens and other trees surrounding the downtown park area and scattered throughout the city.
McMinnville Real Estate
The McMinnville real estate market is growing rapidly. New homes are being built in McMinnville at a staggering
pace. Much of this McMinnville real estate is built with foreign buyers in mind.
Currency exchange rates have made buying real estate in McMinnville and the US
in general much more favorable in the last few years.
Over the last several month real estate prices in McMinnville 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 McMinnville 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 McMinnville's real estate market remain sound
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