Existing home sales came in at a whopping 6,850,000, beating estimates with the highest print since 2006. Days on market fell from 36 days to 21 days on a year-over-year basis. Cash buyers remain at
How Portlanders Want To Live Planners Survey Finds Complex Picture Of Housing Preferences
Dated: September 9 2014
That's according to a new study sponsored by Metro, the regional government tasked with land-use planning, along with other local governments and metro homebuilders. It paints an ambivalent picture of resident's housing wants and needs, and the trade-offs they're willing to make.
"The takeaway I keep coming back to is that people are complex animals," said Metro senior regional planner Ted Reid. "We want it all."Now regional planners need to figure out how to reconcile those findings with their plans for accommodating growth over the next 20 years, which lean heavily on building high-density apartments and condominiums within the city of Portland."
I think the region really needs to take a look and say, is that going to work?" said Dave Nielsen, chief executive of the Home Builders Association of Metropolitan Portland.
The study, conducted by Portland-based DHM Research, asked nearly 6,600 residents about their housing preferences, including 813 in a statistically representative panel and 5,783 who responded to solicitations from the government agencies and business groups. They were asked about their housing preferences without regard to tradeoffs, then when faced with choices between things like higher costs and longer commutes.
Without considering differences in cost, 80 percent of respondents preferred to live in a single-family house, though only 65 percent of respondents currently live in one. And despite predictions from housing analysts that a younger generation might prefer renting apartments in an urban environment, respondents age 18 to 34 showed an even stronger preference — 88 percent — for single-family detached houses.
But more people currently live in a suburban setting (56 percent) than prefer to (34 percent). Slightly more people would choose to live in the urban core or in a compact neighborhood with some urban amenities. Twenty-six percent say they'd prefer to live in a rural setting, but only 8 percent currently do.
Read the entire study at oregonmetro.gov/residential-preference-study.
-- Elliot Njus
For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....
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