Spring has sprung, maybe the rain will stop. Portland remains one of the hottest markets in the country. Over the past 12 months, the average sales price has increased 11.3%. Demand is clearly outpacing supply and I don’t see that changing anytime soon.
Fears of a bubble and a burst are valid but there has been a massive change in financing, which was the primary cause of the last crash. That coupled with the supply/demand issues cited above and the region ranking consistently as one of the top places people a moving to a crash seems unlikely at this point. A slowdown is more likely and might even be welcomed to keep prices somewhat in check. Interests rates will rise and that will cause the market to cool.