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  • Writer's picturePhil Evans

Are We In A Real Estate Bubble?

Updated: Sep 28, 2021

It feels like we get this question every other day, with house prices going crazy and people growing concerned about whether or not the market is going to drop. Could next year or a couple of years from now be a better time to buy a house?

For the most up-to-date information on the Portland Metro real estate market, join us for our FREE monthly Home Buying Class here.

In this video, I’ll go over some statistics covering three major points:

  • Home price growth: Will home prices surge? Will you lose buying power if you wait too much? Let’s look at the numbers, the forecasts, and see if it would be better for a buyer to get in the market right now or wait.

  • Income: Does the economy in the Portland Metro Area support people having a solid enough income month-to-month to be able to afford a home?

  • Supply and demand: Yes, there is a property shortage. In Portland, we’re seeing new housing developments and new townhouses being built, They just can’t be built fast enough for the existing demand. There are not enough houses in the market. Plus, the Millennial market is turning 30 and increasing the number of buyers in the market. So let's at other factors in the market.

Don't forget to signup for our FREE monthly buyer class! We give you the information you need to navigate the Portland real estate market and answer all your questions. You can sign up here!


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