Asked by Larry David, Portland, OR • Mon Feb 23, 2009
The NW 97229 area seems to be more resilient to market declines than other areas around Portland. This is my target purchasing area, and I've been watching it quite closely for the past 3 months. I don't really want to buy into a falling market unless a good deal is to be had that offsets the risk. So, what's going on in this area that keeps house prices inflated above where they seemingly should be based on macro-economic conditions? Is the area primed for a much larger fall? It seems like another 15% correction is not out of the question.
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