Over the last five years, Portland and Vancouver saw home values increase up to 40% since the Great Recession making them one of the hottest housing markets in the nation. I believe the reason for this is affordability and location. Relative to other cities Seattle and the San Francisco Bay area, values are two to five times that of Portland, Oregon. Let’s face the facts; everything is within driving distance from here, big city-feel, amazing hikes, wine country, beaches, and access to rivers. There just isn’t anything else in this price range compared to other west coast cities. Elliot Njus of Oregonlive.com also reports the increase in values from the pre-recession days and gives you Zillow’s perspective.
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