Oregon has the lowest foreclosure rate in the Nation according to Dr. Lawrence Yun, economist for the National Association of Realtors. That’s great news for homeowners because foreclosure directly affect home values in the area.
Other bright spots include:
Portland is the most affordable city on the West Coast.
Portland’s job market is strong.
Portland’s housing values should increase 30% within the next five years.
Portland’s population is expected to increase 8% within the next five years.
All of this should increase your confidence in the Real Estate market, and your decision to own in the Portland Metro Area.
1 response so far ↓
1 First Time Buyer // Aug 25, 2008 at 4:38 pm
That is great news! I currently live in Beaverton and am constantly monitoring the market since my first house purchase last May. Thanks for the tip!
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