I didn’t attend NAR’s chief economist, Laurence Yun’s, speech last week but here is KOIN’s news story on the event. He is confident that in five years that Portland prices will be up 30 percent. It’s a bold statement and I think I betting on Big Brown on Saturday to win the Triple Crown would have been a safer bet but we all saw how that worked out.
He does retierate the “real estate is local” theme and even brings it further to neighborhood specific. I think we’ve seen that.