The latest news of interest to multifamily housing investors in Oregon and Washington.
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Tuesday, July 30, 2013
Western States Lead the Nation's Recovery
Wells Fargo Economics Group report:
Western states expected to outperform the nation for the next two years.
Wells Fargo has reported that Real GDP has averaged 2.1 percent since the recession compared with 3.3 percent averaged during the 25 years before the recession. A heavy concentration of technology firms, energy resources and ties to international markets has helped the west. The western states are expected to outperform the nation during the next few years.