Real Estate News


HottestNeighborhoodsof2016_Redfin

Portland’s Hottest Neighborhoods in 2016?

Every year Redfin puts out its list of the hottest neighborhoods in the country based on users’ “favorites” and page views. According to Refin, the top features buyers are looking for in a neighborhood are affordability, character, and livability (proximity to employment, restaurants, etc.). While none of Portland’s neighborhoods made the top…

Read More
RMLS-Market-Action-Report

January Housing Numbers

2016 started off better than 2015 ended in the Portland Metro real estate market. New listings jumped up over 60% from December, but were still almost 9% less than January of last year, indicating that inventory is still well below demand. Both average and median home prices dipped slightly compared to December…

Read More
goodman-development-proposal

11 New Buildings Coming to Downtown

Downtown Portland is about to look a lot different. Local developer Downtown Development Group LLC owns 11 different surface parking lots in downtown and has announced ambitious plans to develop them into large office and mixed-use buildings. Calling the project the “Ankeny Blocks,” the firm (owned by the local Goodman family) plans to…

Read More
forsale

Portland Home Prices: Largest Increase in the Country

Standard & Poor’s/Case-Shiller most recent (November 2015) 20-city home price index was released yesterday. Across those 20 cities, home prices rose 5.8% over last year, but Portland prices rose 11.1%; the highest out of the 20 major metropolitan areas included in the study, and just edging out San Francisco. Top 5 Cities: Year over…

Read More
apt-renters-want-banner

What Renters Want

Despite rising costs, almost 40% of Portland households rent.* What do those renters want out of their residences? The National Multifamily Housing Council has released their 2015 Apartment Resident Preferences Survey and the results are not too surprising. Some highlights: 47% of renters are pet owners (compared to 33% nationwide) The top 5 community…

Read More
lents

Lents Development Projects Unveiled

The corner of SE 92nd and Foster in the Lents neighborhood has some major changes coming. Last week developers and the city unveiled preliminary plans for what will become the centerpiece in a redevelopment initiative aimed at the SE Portland Neighborhood. Plans include four projects lead by the Portland Development Commission: The…

Read More