Market News

I expect that the market will continue to recover, relative to price, but I also expect to see price growth start to moderate, especially if interest rates continue trending upward.

We have been looking for balance within the real estate market for several years now. During the crash, there were clearly far more sellers than buyers, but when we found the bottom of the market and prices started to rise, the tables were turned with considerably more buyers than sellers. In as much as we are still far from truly finding the market equilibrium that we have all been waiting for...

On an annualized basis, the Oregon counties covered in this report increased employment by 0.92 percent, or approximately 15,590 jobs, a further—albeit modest—improvement from the 0.8 percent annual growth that was discussed in our last report. On a year-over-year basis, 19 counties saw their employment base expand and five saw employment contract.

Generally speaking, I see steady improvement in the regional economy, which is pleasing. Employment growth is evident in a vast majority of the counties analyzed in this report, and unemployment rates continue to improve.