Uncategorized January 13, 2018

Forbes Rates Portland OR Rates as the Best Place for Business and Careers

, I cover sports business with rare dips into b-schools, local economies

Despite a population of 2.4 million, the Portland, Ore., metro area is home to just one big publicly traded company with annual sales over $3 billion: Nike, based in Beaverton. But the limited big corporate presence has not stopped recent college grads from flocking to Portland for its outdoor recreational opportunities, as well as its progressive and environmentally friendly scene.

Ian Dagnall / Alamy Stock Photo

The influx of educated young adults has been a boon to the $157 billion economy, with household incomes up 4% annually since 2011 and unemployment falling below 4% from a peak of 11.3% in 2009. Portland now has the ninth-highest concentration of highly educated millennials based on data from Experian.

A strong economic outlook and the area’s talent surge has pushed Portland to the top spot in FORBES’ 19th annual ranking of the Best Places for Business and Careers. It rated fifth last year. The City of Roses ranked highly across the board, finishing in the top quartile for 12 of the 14 metrics we measured (business and living costs were the only exceptions).

Companies with a large local presence in the Portland metro like Nike, Intel, Daimler and Boeing benefit from the 36 universities and 150,000 college students within 50 miles of the city center. Well-paid STEM fields (science, technology, engineering and math) account for 7.2% of all jobs in the metro area, well above the national average of  5.8%.

Google opened its first office in Portland last year, joining other tech stalwarts like Hewlett-Packard, eBay and Salesforce. Startups are also popping up, giving rise to the nickname “Silicon Forest.” Companies and workers in Portland benefit from dramatically more affordable conditions than in the Bay Area.

Uncategorized February 4, 2015

Portland’s Hottest Neighborhoods

Portland's real estate market continues to heat up. Check out the hottest selling neighborhoods:

Uncategorized January 21, 2015

Oregon Tops the “Moving Destinations” List

The secret is out! Oregon is a great place to live. Oregon topped the 2014 moving destinations list compiled by United Van Lines. South Carolina and North Carolina were second and third (who knew?). Perhaps that is why housing prices are back to their 2008 pre-crash levels? Find out why so many people are falling in love with Oregon.  More…

Uncategorized January 16, 2015

Average time to sell a home plummets

According to the PBJ, the average time to sell a home plummetted at the end of 2014. The average time to sell is now just under 60 days. Read the full story.

Uncategorized January 16, 2015

PDX Realtors Post Record Sales in December!

Portland realtors sold more houses in December than in the last nine years according to the Regional Multiple Listing Service that provides real estate sales information in Oregon and Southwest Washington. Home sales were up 25.6 percent from the year before… read more. 

Uncategorized August 22, 2014

Oregon Real Estate Market Normalizes

The Oregon and Washington real estate markets are finally stabilizing and appear to be healthier than the nation as a whole. Read the full story…

Uncategorized May 15, 2014

Portland Real Estate Loses A Little Steam, But Prices Still Rising

According to this article by OPB, the Portland market has cooled a bit. Apparently we are no longer "going a 100 mph, but we are still doing 60-70 mph." The limited number of homes for sale, however, continues to push prices up… 

Uncategorized May 2, 2014

Portland’s Hottest Neighborhoods

Here's a great article on Portland's hottest neighborhoods for empty-nesters, first-time buyers, investors, young families and urbanites. Find out where to buy property now!  

Uncategorized May 1, 2014

Buying a Home in PDX? Better Act Fast!

The PDX housing market is really heating up. Portland is now the fourth hottest market with 14.5% of homes selling withing 3 days! Read the whole story…

Uncategorized March 11, 2014

Another Home Price Bump For Portland

As inventory tightens and more people continue to migrate to Oregon, Portland's residential market has experienced another surge in value