The Hot Portland Market

[Jamaine L.]

Will the Hot Portland market create a housing bubble in the future ?

[Steve Moody]

I don't think so, because supply is still low and demand isn't going down much. What event(s) would cause the demand to go down and or the supply to go up? There may be a tipping point where the market normalizes as supply and demand get closer together, but if there's going to be a bubble bust it'll be in the entire country not just Portland, and it'll be cause by a big event. 

Oregon was the #3 state in percentage of inbound moves for 2016 (or #2 depending on the survey). There's no sign that will slow significantly any time soon. We all know that the supply is growing very slowly in Portland metro.