Comments on: Recession News Yields Conflicting Conclusions

By: Uncle_Git

Uncle_Git — Tue, 11 Mar 2008 18:02:14 +0000

I really wouldn’t the thing with the higher limit loans is people still have to qualify as far as income and downpayment goes.

That’s not going to happen - the only thing that would help is a return to 0 down, no doc loans for any amount.

Not going to happen -= Portland is going to slide into price falls this year - we are just as exposed as California - just behind them in the cycle.

By: Ron Ares

Ron Ares — Tue, 11 Mar 2008 04:21:55 +0000

CA’s influence on our housing market is undeniable (see Medford and Bend). Some are hoping that higher-limit conventional loan products will provide some liquidity for the California real estate market, and therefore, allow some to make a northward pilgrimage.

But I’m not betting the farm on it.

By: skeptictank

skeptictank — Mon, 10 Mar 2008 20:31:38 +0000

I think the fact that they still have Bend in expansion shows that the USA Today numbers are perhaps a bit old.

It seems I recall that Oregon’s unemployment was up a bit last month. We were late coming out of the last recession and we’re late going into the next one. Certainly the timber industry is now in recession with lots of mill closings. Sure timber is a lot smaller part of the OR economy than it was in the 80’s, but it’s still pretty important.

It looks like CA is leading the way. With the kind of nasty cold CA is getting now, how can OR escape?