Is Portland Reaching a Rental Peak?

The number of people renting homes is as high as its ever been in Portland, but the improving economy might mean a shift in buying over renting.

Over the past decade many people have decided to rent rather than own their home.

The reasons are many: The great recession saw a big jump in home foreclosures and a reluctance among banks to make mortgage loans. A bad economy meant many young people couldn’t find money for a down payment. Finally, there was a shift in tastes, where people wanted to live downtown in multifamily units, rather than in the suburbs.

Read more about this articlehere

via Oregon Office of Economic Analysis

This entry was posted in Markert, Moving to Portland and tagged , , , , , , . Bookmark the permalink. Both comments and trackbacks are currently closed.