Portland Metro Real Estate and Southwestern Oregon Real Estate Up or Down?
According to a new article posted on MSNBC, the economic recovery is predicted to start in five states:
Colorado, Idaho, Oregon, Texas and Washington
To read the full story: http://www.msnbc.msn.com/id/30991972/ns/us_news-the_elkhart_project/
This is good news for us as we live in 2 of the top five states that should take off in the last quarter of the year. Real estate prices are keeping their value and the $8,000 tax credit is spurring first time buyers to enter the market.
Portland is a city that is experiencing an influx of young professionals who are moving here for the livestyle and for the opportunites. The lastest statistics I have heard is 40,000 new residents this year. This is propping up the rental market. With prices on investment properties lower than they have been in 5 years, this may be a good time to invest.