Portland Housing Market Driven by Water, Millennials

portland

Portland, Oregon, has recently become one of the hottest spots for millennials on the West Coast. But according to real estate experts, it has nothing to do with jobs and everything to do with water.

“We’re on the West Coast, and we have water,” said Brian Ramsay, a real estate agent with Hasson Company Realtors. “They’re moving here in preparation for lack of water.”

And, unlike California and Seattle, home prices still remain relatively low – which means the market in Portland is currently red hot.

“You’re lucky if you can be one of the first 15 offers in 24 hours,” Ramsay added. “That’s how hard it is for buyers to get a house now.”

Image via flickr/Michael Silberstein

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