According to an economic analysis by Realtor.com, without significant increases in Portland's housing supply, the median home price could soar from $501,245 to $1,051,000 over the next decade. This alarming trend highlights not only a current housing shortage but also a potential crisis looming as demand continues to outpace supply.
The report indicates that Portland's home prices are on track to increase faster than any major U.S. city, trailing only Boise and Salt Lake City. The assessment projects nearly a 45% growth in prices based on historical data from 2014 to 2019, suggestively signaling urgent needs for new housing developments.
#portland-housing-market #real-estate-analysis #home-prices #economic-projections #housing-supply-crisis
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