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Steady Growth in Portland Real Estate | Add Comment

    • Charlotte Economy Supports Appreciating Home Price 1/18/2008
    I enjoyed this story of Portland's strong real estate market and was struck by the similarity to the Charlotte NC real estate market- according to Standard and Poor's Case-Shiller Report, the two leading housing markets in the nation. Like Portland, our home prices didn't inflate in a bubble way, just steady increases caused be a strong local economy, an economy that produced well paying jobs faster than the national average. We are also affordable, with median home prices below $250,000. Radar Logic of New York cited Charlotte as the only "Objectively affordable city" (http://www.charlottecommunitiesonline.com/2007/11/28/charlotte-nconly-objectively-affordable-city-on-list-says-radar-logic-2nd-fastest-appreciating-city-in-the-us-says-standard-and-poors ) on the short list of appreciating markets. As the Fed looks to lower interest rates again, and national leaders consider an economic stimulus package, which I'll charitably refer to as "band-aid" measures, (didn't lower rates help get us here?) national and local leaders would be wise to consider these two cities and their economies. The only long-term answer to the housing crisis, is to raise incomes by increasing the number of well paying jobs, in the city, the state and the country. Terry McDonald, Real Estate Broker, Blogger ( http://charlottecommunitiesonline.com ) and former builder.

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