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
Moving Vans Flood Into Tualatin Making It 2nd Growth City
Dated: January 24 2017
Moving vans continue to roll into Oregon, and many are stopping in Tualatin, according to a report released Wednesday by U-Haul, which ranked it second most growth city among U.S. cities with a population of 10,000 to 50,000.
The do-it-yourself moving and self-storage company's annual migration reportcompares arriving U-Haul one-way trucks to departing ones for the calendar year based on data collected from more than 21,000 U-Haul locations.
Each January, moving companies reveal the percentage of inbound and outbound moves in each state to define trends in nationwide migration.
Based on its rentals in 2016, Atlas Van Lines found that Oregon continues to be a top relocation spot, ranking it second in inbound moves, percentage-wise.
United Van Lines' 40th Annual National Movers Study, which also tracks customers' state-to-state migration patterns over the past year, found South Dakota narrowly overtook Oregon in 2016, which held the top spot for the previous three years as the nation's Top Moving Destination. Vermont holds the second position, with Oregon rounding out the top three.
U-Haul will unveil its Top 10 Growth States in countdown format through Feb. 3, when the No. 1 state will be revealed. So far, the company has listed Maine in sixth place, Idaho in seventh place, Louisiana in eight place, Vermont in ninth place and Arkansas tenth.
For cities with populations of more than 50,000, U-Haul's top three are: Madison, Wisconsin; Austin, Texas; and Boise, Idaho. Olympia, Washington, was in eight place, and Tacoma, Washington, was 13th.
For cities with populations fewer than 10,000, Tilton, New Hampshire topped U-Haul's list. No Oregon cities made the cut.
U-Haul's report on cities with a population of 10,000 to 50,000 placed Granbury, Texas first, followed by Tualatin and then Longview, Washington.
U-Haul locations in Tualatin saw 55.8 percent of one-way truck rental customers coming into the city as opposed to leaving in 2016, according to the report.
Tualatin had a 68 percent increase in one-way truck arrivals year-over-year, while departures rose 48 percent over the same span.
The migration reports are no surprise to the people already living here. After topping 4 million people for the first time in 2015, new residents have been arriving at a rate not seen since the 1990s.
In December, the Census Bureau reported that Oregon had grown by 1.71 percent in the past year, making it the sixth-fastest-growing state by percentage. Its 69,000 new residents also make it the ninth-fastest-growing state in absolute numbers.
Most of the state's population growth came from migration, which tends to follow the health of the economy. Oregon's job market has been growing faster than the nation overall.
The influx of new residents has been one factor in rising home values and low vacancy rates among rentals. Prices in the Portland metro area grew 10.3 percentyear over year, according to the S&P CoreLogic Case-Shiller home price index.
The city saw the second-largest increase among the 20 metro areas included in the index, following Seattle's 10.9 percent jump.
-- By Janet Eastman at Oregonlive.com
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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