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Portland's Housing Market
Top 5 places to not buy a huose right now... Interesting.
4) Portland, Ore.
In the Northwest, median home prices are down but they remain above the national average. Portland?s prices fell 2.1% in March. Home prices in Seattle were down 2.0% for the month.
?Portland?s still going down,? says Dave McCarthy, president and chief executive of Integrated Asset Services, a real estate valuation and asset disposition and management company that collects data on the housing market.
The city ?has remained pretty strong but they?re starting to feel some of the effects,? he adds.
The local labor market may be playing a role, Moody says. Portland?s unemployment rate was 11.6% in April, according to the Department of Labor. That?s well above the national average for the month (8.9%).
The Pacific Northwest bubble was among the last to burst, which could mean the market will be among the last to recover.
Re: Portland's Housing Market
Visit my blog about my family's experiments in eco-living
Welcome Daisy!
Good to have you as an official Oregonian
Visit my blog about my family's experiments in eco-living
I saw this a few days after we put on townhouse in Portland on the market. Hum
Maybe we will have 2 mortgage's for longer than I'd like to think...come on real estate market get better!!