Double dip? Portland still #8 best city to own according to Case/Shiller

by | May 31, 2011 | How to Guides, Market Reports, Media Center

News came out today that the housing market might be entering into a double dip. I can say that right now my team is busy helping people buy and sell homes and last month was one of the busiest in Portland. Even though prices have pulled back from the 2007 peak we’re still up 32% from 2000. The Case/ Shiller index is now close to Fall of 2004 levels. Does that mean you’ve lost value on your home? Not necessarrily as the index tracks resales of the same homes it has a high representation of distressed properties. Other news is that rental vacancy is at an all time low and rents will increase 5-10% in the next 12 months. This is creating an amazing opportunity for investors. Also good news is that mortgage interest rates are still at 4.75% for most buyers.

Click to see the Case/Shiller Report and City Rank

1 Comment

  1. renting tips for kosovo

    I simply wanted to thank you yet again for the amazing web page you have created here. Its full of ideas for those who are definitely interested in this subject, in particular this very post. Your all really sweet along with thoughtful of others plus reading your website posts is a fantastic delight in my experience. And what a generous surprise! Jeff and I usually have fun making use of your ideas in what we need to do in a few weeks. Our record is a mile long which means that your tips are going to be put to beneficial use.

Learning Center:

Advice, Opinions, and Market Reports about the Oregon and Washington Real Estate Market

Portland Luxury Condo Market Analysis

  2020 was a rough year with the pandemic, social unrest, and the closure of many restaurants and retail businesses. Nowhere was the impact more acute than in downtown urban areas across the country. Read the full  luxury condo report here to view the pre and post...

How To Buy & Sell at the Same Time

  How to buy a home when you already own a home: Have you been dreaming of your next home, but you’re not sure what to do with your current home? You’ve heard that it’s a sellers market, but what does that mean if you also need to buy?  There are three options to...

How To Retire for Real Estate Agents

Our CEO and Best Selling Author of The Golden Handoff, Nick Krautter, talks with Justin Stoddart on the Think Bigger Real Estate Show to review his revolutionary model that helps real estate agents grow their business while simultaneously helping other agents rapidly...

Start Your Search Today

For a Confidential Meeting contact:

Nick Krautter, CCIM

Principal Broker in Oregon/President

Managing Broker in Washington