Category: Uncategorized
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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…
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Honoring Our Nation’s Heroes on Memorial Day. | Your Real Estate Resource for Advice, Tips and Trends.
This day honors the brave men and women who have sacrificed their lives to defend America's freedom.It became an official federal holiday in 1971. Americans observe Memorial Day by visiting cemeteries and memorials.
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10 Cities Where Home Sellers Are Offering Amazing Perks
Home sellers are increasingly offering concessions like repairs and closing cost coverage as the market shifts in favor of buyers, especially in the Western U.S. About 44.4% of sellers gave concessions in early 2025, near the highest since 2019. Seattle and Portland lead with over 60% of sellers offering concessions due to high mortgage rates…
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Portland, or Forecast for Rest of 2025 | Your Real Estate Resource for Advice, Tips and Trends.
Home prices are projected to rise by 2–3%, due to limited inventory and strong demand in suburban areas. New construction may alleviate some supply constraints, providing more options for buyers.
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Portland has some of the smallest new apartments in the country
Newly built apartments in Portland average 668 sq ft, making them among the smallest in the U.S., even smaller than in New York City. Apartment sizes have shrunk 11% over the past decade, while average rent is about $1,700. New construction is at its lowest since 2013 due to high costs and zoning rules. A…