Portland and home pricing pressure

Thursday, March 9th, 2017

The Seattle Times recently ran an interestingcost of living comparison between Seattle and Portland, I was surprised by the $20k difference in median family incomes.

Portland versus Seattle

And in the last few days, multiple reports have come out showing the continued strength of the housing market. As noted in the Sam Debord’s article below, this news is becoming repetitive. While the speed with which rents increase can be a windfall for landlords, longer term, more density is required to help support the influx of people moving to our region. Without additional density, displacement is inevitable and that reverberates down the freeway as additional traffic, etc.

200 additional people a day = pricing pressure on housing