Portland State’s State of the State’s Real Estate

March 6th, 2007

Are you a tea-leaf reader? Crystal-ball gazer? Want to get in touch with your inner economist? Ok, perhaps you are just looking for substantive facts documenting the state of the Portland-area real estate market.

Did you know that we have our own Center for Real Estate Studies department at Portland State University? Turns out they’ve begun a Quarterly Real Estate Report with some interesting facts and figures, plus some editorial content by one of Oregon’s heavyweight analysts.

The Portland State University Center for Real Estate report comments on the local economy and national housing trends, as well as the industrial, office, and commercial markets. An excerpt from the report, talking about the local residential market segment:

In summary, we expect demand to decline substantially in the next year. This will be reflected in overall market activity as well as net new demand. The development community is expected to reduce the rate of new construction, but not rapidly enough to prevent a significant rise in standing inventories and a loss of pricing power. Pricing will see modest appreciation on average over the next years, with effective drops in pricing for some market products and geographic areas. The market is entering a more volatile period, in which general market inflation can no longer be counted upon to rescue poorly-conceived projects.

Here is Volume 1, Issue 1 released in January. It’s a good overview, but I am curious to see if the quarterly frequency will be too short of an interval for any substantive trend reporting.

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Entry Filed under: Forecasts, Market Activity