Hope Forbes doesn’t mind that I borrowed the slide from their totally hawt slideshow, that ranks Portland #4 as an area “Where Home Prices are Most Likely to Rise”.  See the slideshow here, and read the full article here.  They are saying by the year 2010.  I’m crossing my fingers but not holding my breath.  Only because I’d pass out if I held my breath until 2010.

But seriously, it’s good press from a credible source, that has seemingly done their homework thoroughly and not with the rose-colored glasses that are often donned by agent interest groups (like NAR).  Even with all the tulmult of the mortgage and banking industries, life goes on.  People still have to move.  Hopefully, that will start to get a tad easier, with homes starting to gain equity again.  

And for all ya’ll that like to complain about our Urban Growth Boundary, this is when it comes in handy.  It keeps the urban sprawl under control, which in turn keeps the demand for land high, thus the prices more stable, and our recovery time quicker.  See, it’s a good thing.  Just think if all that farm land just outside the UGB was chock-full of lick & stick houses on postage stamp lots.  Empty and unsold.  Diluting our market and pushing prices even lower.

Sit tight sellers, your day will come again.  It always does! 

Buyers, get out there and buy something.  Now, before prices and interest rates are on the up-tick again!

As always, I’m here to help!  Let me know if I can assist you in making the best choices for your particular circumstances.

Opinions expressed in this article are the opinions of author, and not to necessarily the opinions of Meadows Group Inc.
All rights reserved on all original content, non-original content is given credit | Michelle Berry | 2009