The latest news of interest to multifamily housing investors in Oregon and Washington.
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Wednesday, January 18, 2017
Portland in Top 10 List of Cities Where Land Value Exceeds Property Value
Using data from the Lincoln Institute of Land Policy, Realtor.com compiled a list of the top 10 cities in the United States where the value of the land sitting under a property exceeds the value of the structure itself. Eight of the ten cities on the list are on the West Coast, with six of those in California (San Francisco, San Jose, Santa Ana, Oakland, Los Angeles, and San Diego are the top six cities on the list). Seattle is ranked #9 and Portland is #10, while Boston and Miami are the only East Coast cities represented. Read more.