Portland Low Tier 4-Month Performance

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Portland Home Prices Outpace Nation

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Case Shiller is a few months behind.  So when they release their data, we never learn too much about pricing in our area.  However, it is interesting to compare prices in Portland MSA (includes Vancouver) with the rest of the nation. The above chart indicates that Portland price increases are out-pacing the rest of the Nation.  They were rising together until about the end of 2013.  Then Portland prices accelerated while National prices decelerated. Home prices in Portland have exceed 2007 peak levels.  Nationwide, home prices remain below the peak achieved in 2006. The next chart breaks the Portland market down to look at the low and high price tiers. Prices of lower prices homes in Portland are increasing much rapidly more than higher priced homes.  However, all are increasing rather rapidly.  And all price levels have exceed 2007 peak levels.
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OFM April 1, 2016 Population Report

The OFM just released their April 1, 2016 population and housing stock estimate.  They do this once a year.  Given the apparent shortage of housing in Clark County, I was particularly interested in the ratios between the population and numbers of different types of houses in Vancouver and Clark County. As most people in the industry would have guessed, there are far fewer homes-per-person in Clark County and Vancouver than there have been in many years.  Once again, the builders did not build enough homes of any kind to keep up with the demand driven by population growth. Below is a summary of some of the information I pulled from the report: Clark County: Population Up 2.0% Population in 2016:   461,010 Increase of 9,190 people Housing Units Up 1.58% Housing Units in 2016: 177,495 Increase of 2,755 housing units   Clark County Housing Shortage Fewest housing units per person since at least 1990 Fewest single-family unit...
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OFM April 1, 2017 Population Report

The OFM just released their April 1, 2017 population and housing stock estimate.  They do this once a year.  Given the apparent shortage of housing in Clark County, I was particularly interested in the ratios between the population and numbers of different types of houses in Vancouver and Clark County. As most people in the industry would have guessed, there are far fewer homes-per-person in Clark County and Vancouver than there have been in many years.  Once again, the builders did not build enough homes of any kind to keep up with the demand driven by population growth. Below is a summary of some of the information I pulled from the report: Clark County: Population Up 2.17% ·                      Population in 2017:  471,000 ·                    ...
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