News Headlines for Portland, Oregon : 2016 Quarter 1
3/30/2016
Low Inventory of Homes may be Due to the Urban Growth Boundary
Portland is a place where people move to causing the population to grow about 10% each year. Space is limited in which to build within the Urban Growth Boundaries. While building up condo style offers more homes within the boundary, there is also a push to enlarge the boundaries to accommodate more inventory.
picture courtesy of chatterbox.typepad.com
3/28/2016
What Does an Apartment in the Tallest Residential Structure in the Western Hemisphere Cost?
The average selling price for an apartment at 432 Park Avenue in NYC is $21 million which is about 10 times higher than the average Manhattan apartment. Since only 70% of the apartments have sold and sales have seemed to plateau, developers are dividing some of the full-floor apartments into smaller units to try and boost sales.
picture courtesy of parkavenue.com
2/23/2016
Rising Home Prices
Surprisingly Detroit which has suffered high unemployment is officially the hottest housing market. Portland housing prices are shooting up as well.
picture courtesy of consumeraffairs.com
2/5/2016
Portland’s Soaring Home Prices
Portland was the most popular state to move to last year and as people flock to Oregon, the prices of homes goes up.
picture courtesy of australiannationalreview.com
1/12/2016
Over-the-Top Estates in Oregon
Check out these luxury homes. They may just having you going out and purchasing a power ball ticket.
picture courtesy of origonianlive.com
1/6/2016
Predictions in the Portland Rental Market for 2016
The rental market in Portland was huge in 2015 and as we look into 2016 the demand is still there so the market will continue to increase.
picture courtesy of rentportlandhome.com
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