Check out Forbes Magazine; America’s Best Long-Term Real Estate Bets! We’re number 9! Forbes.comevaluated the country’s 40 largest Census-defined metro areas using the last 25 years of NAHB data. They examined new construction and vacancy rates to calculate historical
- Portland Oregon Along the Willamette River
fluctuations in supply and demand against national averages. Moody’s Economy.com provided job-growth forecasts through 2017. Job-growth projections 2008-2017: 1%
In the housing realm, Portland’s conservative building patterns and vacancy fluctuation, which rank 17th and 19th, respectively, help make for a steady market. It won’t likely ever be the sort of market where flippers can make huge profits, but this kind of stability is a bonus on down times. Frankly its the market that is easy to flip in that can be a volatile environment to live in. There was a time when you could buy and flip in the Portland area and make a nice profit. Try and do it now and risk loosing it all.
Yes, we have pockets of problems in our real estate market, what city doesn’t? But if your desire is to live in a beautiful area of the country, the Pacific Northwest is tough to beat.
There’s a very good program based on the marketing products and services on craigslist. It’s pretty detailed because it’s in video form. I bought it about a month ago and I have made pretty good money so far.
Email me if you want more information on these guys.
Mark,
Mark,
I’d be interested to learn a bit more of what you are talking about. Up front, I’m not a big supporter of Craig’s List. I advertise listings there because it does get searched and clients like seeing thier home advertised there. I’ve had numerous bad experiences (non-real estate related) there myself. It seems that when I advertise certain things, I’ll get at least a few responses where someone is trying to fleese me for cash. Won’t go into detail, I think most people have seen this kind of activity. Had interesting experiences trying to rent properties there also. While I get some decent activity, I also get strange inquirys where a third party is trying to make money on a property I’m trying to lease. Anyway, yes, I would be interested to see more of what you are talking about.
It’s interesting how some people will take national trends and focus that lens on a local level. Our client wrote a great post about
Hood River Real Estateentitled, “Hood River is Not a Suburb in Nevada” about that very issue. All areas are being impacted, but some more than others. It’s great to see some national support for the theory that Oregon is better positioned for rebounding than most. Thanks for the great post.
Thanks Lisa,
I agree, the general public are not always aware the a real estate market is local and that general trends don’t always reflect reality. For example the general market in Portland Oregon is poor, but there are still areas in Portland where a home will get multiple offers soon after it comes on the market. Thanks for visiting my blog!!