Definitely seems like a sellers market where I am (Portland). We were looking into taking advantage of the really low rates to get into our first house, but prices have exploded in the last year. We're talking $400k US for a 902 sq ft 2 bd/1 ba house. Can't fathom spending that on a place only 150 sq ft larger than what we are in. Looks like we'll be staying in our small apartment for another year, since even rentals are getting absurd. (minimum $1600/mth for anything larger than what we're in). The one small positive of the pandemic is my state halted all rent increases for current tenants, so at least our current rent has stayed flat for a couple of years.
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