Portland Housing Forecasts

Every year Stephen FitzMaurice, top 1% agent in the U.S. writes dedicated Portland real estate market forecasts to help buyers and sellers make long term decisions on home ownership. He also writes annual articles on the best time of the year to sell a home and the best time of year to buy a home, as well as a wide variety of news articles on the Portland real estate market itself.

2021 Portland Real Estate Market Forecast

August 25, 2020

The 2021 Portland real estate market is full of uncertainty, but we’ve experienced enough of the post COVID19 housing market to have some confidence in creating a solid forecast. We will follow up with a second housing market projection in Jan. 2021, but this should be a good guide to any home buyer or seller in the Portland real estate market today. First we will start with a collection of real estate industry predictions: 2021 National Real Estate Market Predictions -1.5% Housing Price Drop, Zillow -6.6% Housing Price Drop, CoreLogic 2021 Portland Real Estate Market Forecasts -2% Housing Price Drop, Zillow +1% Housing Price Increase – My Prediction Will my Home Increase or Decrease in Value in 2021? Honestly that...

2020 Portland Real Estate Forecast (final)

January 31, 2020

This is our final Portland housing forecast for 2020, updated from our first prediction written in August. In this article we are going to address the financial market indicators that bolster a relatively stable real estate market prediction. We are going to address interest rates, housing affordability, foreclosure rates, construction rates, and crime statistics. See the initial 2020 forecast for a break down on your home’s value forecast based on specific criteria, such as its price range and the type of home you own. Of course for an exact home value estimate or forecast of your property, if you’re considering selling in the next year or two, call us direct and have us out to meet with you. Portland Real...

2020 Portland Real Estate Market Forecast

August 30, 2019

Here is our first 2020 Portland real estate market forecast. We will follow up with a final forecast in January. Below are early housing market forecasts from other sources about the entire country’s real estate market in 2020 and Portland Oregon’s housing market specifically. There are not a lot of early predictions, which is why we will follow up with a final forecast in early Jan. for 2020. National Real Estate Market 2020 Predictions Zillow Housing Forecast = +2.2% CoreLogic Housing Forecast = +5% Portland Real Estate Market 2020 Predictions Zillow Portland Forecast = -2.1% My prediction = -3% Will my Portland Home Value Increase or Decrease in 2020? First we have to determine what type of Portland home you...

2019 Portland Real Estate Market Forecast (final)

January 4, 2019

Here is our final Portland housing market forecast for 2019. Below are the real estate industry market forecasts for national and Portland housing prices in 2019. 5 National Real Estate Market 2019 Predictions: Zillow – 6.4% Increase Realtor.com – 2.2% Increase Veroforecast – 4.3% Increase Corelogic – 4.8% Increase Freddic Mac – 4.3% Increase 3 Portland Real Estate Market 2019 Predictions: Zillow – 2% Increase Realtor.com – 5% Increase My final prediction – 3% Increase Portland homes expected to decrease in value in 2019: Whatever dropped in 2018 will continue to drop in 2019. Throughout the Portland metro condos priced over 300K fell in value. Homes priced over 600K fell in value. As a general rule in the Portland metro in...

2019 Portland Real Estate Market Forecast (1st)

August 6, 2018

Here is our early 2019 Portland real estate market forecast. We will follow up with our final 2019 housing market forecast this coming January. Below are early real estate industry housing forecasts for the country and for the Portland market. National Real Estate Market 2019 Predictions: Zillow 6.6% Housing Price Increase CoreLogic 5.1% Housing Price Increase Realtor.com 5% Housing Price Increase Portland Real Estate Market 2019 Predictions: Zillow 2.1% Housing Price Increase My prediction 1.5% Housing Price Increase Will my Home Gain or Lose Value in Portland in 2019? If you own a luxury home or a condo in the Portland metro area, chances are decent your property has already started losing value in 2018 and will continue to lose...

2018 Portland Real Estate Market Forecast (final)

January 8, 2018

Here is our final Portland real estate market forecast. Below are the real estate industry forecasts for housing price increases in 2018. 6 National Real Estate Market 2018 Predictions: 3.2% housing price increase – Realtor.com 3.2% housing price increase – Zillow 4.0% housing price increase – VeroForecast 4.6% housing price increase – Federal Housing Finance Agency 4.7% housing price increase – CoreLogic 4.9% housing price increase – FreddieMac 4 Portland Real Estate Market 2018 Predictions: 3.7% housing price increase – Zillow.com 4.98% housing price increase – Realtor.com 5.5% housing price increase – My prediction 8.3% housing price increase – VeroForecast 5 reasons why Portland housing prices will increase in 2018: Portland’s population growth will continue to slow but is higher...

2018 Portland Real Estate Market Forecast (1st)

August 21, 2017

Here is our early 2018 Portland real estate market forecast. We will follow up with our final forecast for the 2018 housing market this coming January. Below are early industry forecasts for housing price increases in 2018. National Real Estate Market 2018 Prediction: Corelogic – 5.1% Housing Price Increase Zillow – 3.2% Housing Price Increase Portland Real Estate Market 2018 Prediction: Zillow – 4.4% My prediction – 5.5% Five reasons why home prices will increase in Portland in 2018 (but not as much): At the time of writing this article Portland is experiencing a yearly price increase of around 8.9%. This is down from the previous year (2016) where the price increase was well over 10%. Most analysts predicted a Portland...

2017 Portland Real Estate Market Forecast

January 4, 2017

Portland 2017 Home Price Prediction: Zillow – 5.7% increase VeroForecast – 11.1% increase National Home Price 2017 Prediction: Zillow – 3.2% increase NAR (National Association of Realtors) – 4% increase Corelogic – 5% increase Freddic Mac – 4.7% increase Four reasons why home prices will increase nationally in 2017: Basic supply verses demand. New home construction will stay conservative (while slowly rising) and is still historically low after the bubble crashed in 2008. You can tell from the below chart from the U.S. Census Bureau that new construction homes were built at a rate around 1,500,000 a year and in 2017, Forisk Research predicts new construction will hit or get close to that average mark. Forisk Research predicts that home...

Portland Housing Market Forecast for 2016

November 20, 2015

National Real Estate Housing Forecast for 2016: Zillow Research – 2.4% increase Kiplinger – 3% Corelogic – 4.7% Freddie Mac – 5.1% Portland, Oregon Housing Market Forecast for 2016: Zillow Research – 5.8%   Four reasons why home prices will increase nationally in 2016: 1. Consumer confidence rates continue to increase without signs of slowing down. 2. Mortgage rates remain low and are not expected to rise quickly. 3. The threat of rising prices (and interest rates) will accelerate buying growth. 4. There are more jobs to go around, the unemployment rate fell in 2015 to around 5% nationally and is expected to continue to fall in 2016. Four reasons why home prices in Portland will increase more than the national...