Category: Uncategorized
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Oregon Among States With High Housing Costs in 2025 | Your Real Estate Resource for Advice, Tips and Trends.
In 2025, housing affordability remains a major issue across the US, straining household budgets. New data shows that in several states, housing costs now exceed 50% of avg household income, well above the 30% affordability threshold. In Oregon, rising property values have pushed housing costs to 36.3% of avg household income. Both homeowners and renters…
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Buying vs. Renting in Portland: Income Gap Keeps Growing | Your Real Estate Resource for Advice, Tips and Trends.
A recent analysis shows US homebuyers now need to earn ~$116K, 82% more than renters, to afford a median-priced home. The affordability gap has quadrupled since 2021, driven by rising home prices and mortgage rates, while rents remain mostly flat. The income gap is especially stark in cities like Portland, where homebuyers must earn significantly…
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Portland residents need just over $2M to retire comfortably, new study says
A Northwestern Mutual study revealed Portland residents' views on the amount of money needed for a comfortable retirement. Wealth management advisor Clay Cooper discussed these findings on ARC PDX Morning, highlighting local retirement expectations and financial planning insights. Continue to full article
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2025 Midyear Forecast: Portland | Your Real Estate Resource for Advice, Tips and Trends.
Home values projected to ↑0.8% through Dec 2025. Existing home sales expected to ↑1.4% yearly.
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Fee Cut To Spur Home Construction
Portland City Council is considering eliminating System Development Charges on 5,000 new housing units to boost construction. These charges, which fund infrastructure for new developments, add $15,000 to $50,000 to home costs, increasing prices by up to 6%. The move aims to help meet housing demand, addressing delays in building more homes. Continue to full…
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Why the Housing Market Has Exploded in the Portland Area | Your Real Estate Resource for Advice, Tips and Trends.
Portland’s housing costs have surged specially in popular neighborhoods. Rent and home prices now exceed national averages. Rising utility bills, groceries, and state taxes are increasing the cost of living. The city’s appeal to new residents is straining already tight supply. Affordability is likely to worsen in 2025 without significant housing growth.
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What’s Driving Portland’s Soaring Costs? | Your Real Estate Resource for Advice, Tips and Trends.
Portland's living costs surpass national averages, with rent at $1,570 and homes priced at $500K. Housing prices outpace wages, fueling a crisis despite Portland being the West Coast's most affordable big city.
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2025 Design Trends: Speed up Your Sale | Your Real Estate Resource for Advice, Tips and Trends.
Japandi style tops buyer preferences with its minimal, nature-inspired, and calming aesthetic. Scandinavian design emphasizes simplicity, natural materials, and serene neutral tones.
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Mayor, Governor push to temporarily waive new housing development charges in Portland
Governor Tina Kotek and Portland Mayor Keith Wilson propose waiving System Development Charges (SDCs) temporarily to accelerate building 5,000 new housing units in Portland. This aims to reduce costs that stall projects, as SDCs can add $15,000-$50,000 per unit. The initiative supports affordable housing efforts, with over 6,000 units currently stalled due to financial challenges.…
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What Rent Will Cost You in Portland | Your Real Estate Resource for Advice, Tips and Trends.
In 2024, 1-bedroom units made up ~48% of all newly built apartments. The avg apartment size grew to 908 sq ft, despite a long-term trend of shrinking 2- and 3-bedroom units. Developers are adjusting unit sizes to meet rising housing demand, often resulting in smaller living spaces in certain cities. In Portland, Oregon, the avg…