Portland Population Growth
Oregon continues to lead the nation as the most popular state to move to. If you thought it was getting crowded in Portland already you won’t want to look at this projection from the Oregon State economists:The black vertical line is this last year and you’ll notice that they are expecting increases in population of 2.5-3% per year for the next SEVEN years. That’s great news if you own real estate or operate a service business but it will continue to tax our infrastructure in terms of road traffic and housing affordability. Even with the growth and solid economy we’re still not building enough homes and apartments to keep up with the demand.
Nick Krautter is the author of The Golden Handoff: How to Buy and Sell a Real Estate Agent’s Business which debuted number one on Amazon for mergers and acquisitions. His goal is to teach real estate agents how to grow their business and to help them later retire and benefit from their years of hard work. For the last decade Nick has been a Realtor in Portland, Oregon, where he leads a team and frequently serves as a real estate expert for the media.