And since housing prices are at all time highs against, this only drives up rents since low interest rates on high mortgages balances result in high rental rates. …
Good assessment. Wondering whether the gap between California home prices and say those of the Portland Metro area (minus Vancouver, Wa) is closing at all.
Park doesn’t believe Portland is in a housing bubble, at least not yet. He says it’s important to understand how different a housing bubble burst would be today when compared with what happened in 2008. Back then, Park says, the demand for housing jumped due to loose lending standards.
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Housing woes persist even in countries such as China and the United States where land is abundant. In America alone, the housing bubble that triggered the …
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Home prices are rising quickly across the state and have surpassed their previous peak in many areas, although not all. Such prices — particularly in places like Bend and Portland — have many asking the question of whether or not we are in the midst of another housing bubble.
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