The latest news of interest to multifamily housing investors in Oregon and Washington.
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Tuesday, December 20, 2016
Portland Sees Strong Job Creation and Rising Incomes, But There Is Still Room for Improvement
EconNW published its sixth "Check-up on the Portland Region's Economic Health" report last week, and found that 169,950 jobs have been created in Portland since the great recession, and earnings are growing at a faster rate than in comparable cities. The report does warn, however, that minorities are not seeing a proportional share of these economic benefits. Furthermore, affordability issues in the city of Portland make the cost of living higher than in the cities in its peer group. The report calls for an increase in the supply of housing, as well as a focus on creating more middle income jobs. Read more.