Housing costs skyrocketing in Portland

As more and more people move to Portland, and with home and multifamily construction failing to keep up, the cost of single-family homes and rental units continues to rise. 

In a story headlined “Renters Feel the Strain as Housing Costs Skyrocket,” the Oregonian focuses on the strain put on renters in the Portland metro area as a result. Local appraiser Patrick Barry is quoted as saying that the sticker shock of rent increases may slow in the coming months but it might be another 18-24 months before rents stabilize. 

Read the story.