PORTLAND HOME PRICES: JERRY CHIMES IN

Here's a front-page story in the Oregonian today. Portland's real estate market continues to be making price gains that are more than likely unsustainable. I wouldn't want to be an owner in some of the nuttier areas of Portland.

Jerry chimes in with just enough skepticism that the jouro writing the article didn't catch on. Nicely done.

I would add that although the market as a whole shows sustained price gains and low inventory, I think the region is being pushed by a smaller and smaller inventory of neighborhoods/areas. I am personally noticing more and more homes that are sitting with a for sale sign and no two-day "Sale Pending" turnaround.

It remains to be seen...