A kitchen remodel is among the most popular renovation projects for homeowners, but it can quickly become the most expensive. According to HomeAdvisor, the average kitchen remodel costs $25,656, or
Portland Lands Among The Top 5 US Housing Markets
Dated: October 20 2015
Views: 578
A mix of solid economic fundamentals and strong housing components have landed Portland among the top five housing markets in the entire country.
That's according to a new report from online real estate marketplace Auction.com, Portland has the fifth best market in the nation for single-family homes.
Enlarge The right mix of economic fundamentals, home prices and population growth landed Portland… more
SIRI STAFFORD
The report, called the "Top Single Family Housing Markets Report for Fall 2015," ranked Portland fifth, behind only Fort Lauderdale, Orlando, Palm Beach County and, at the top of the list, Seattle.
According to the report, the top five markets had the best mix of rising home prices, "favorable" affordability and strong housing demand. They all also had churning economies and positive demographic trends on their side.
The company attributed Portland's strong showing to a tech sector boost that's helped push employment and payrolls 4 percent and 6.5 percent above their all-time highs, respectively.
In addition, the report cited pickups in Portland's professional service and information and noted that the city's population grew 1.5 percent last year alone.
Home prices have risen every quarter for the past three years and prices have climbed nearly 10 percent in the past year. According to the latest RMLS numbers, the average sale price in September was up nearly 6 percent over last year to $352,000.
Auction.com based Seattle's top ranking on similar factors: a booming tech sector, rising home prices and home sales that have climbed nearly 13 percent in the past year.
In making its listing, the report took into account pricing, sales, permit activity and economic growth, along with population changes.
Mark Ross
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 30 years in the industry, Mark has gained experience in ....
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All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by RMLSTM.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLSTM of Portland, Oregon. Real estate listings held by brokerage firms other than RE/MAX equity group are marked with the RMLSTM logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2022 RMLSTM, Portland, Oregon.
This content last updated on January 24, 2022 1:16 PM UTC at 4 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
