US prices are really coming down. Here in Oregon new construction is way off and sales overall are down. Prices will follow down too.

US prices are really coming down. Here in Oregon new construction is way off and sales overall are down. Prices will follow down too.

Owner Asked on September 10, 2019 in Real Estate.
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I don’t know where you get your numbers. I recommended Portland as a great investment – low average prices, strong economy, etc. in 2013 – 2017 in my newsletter. I have no specific numbers at hand for 2019. I DO know this: Total U.S. Homeowner Equity hit a record $15.8 trillion in 2019.  Homeowners enjoy a $9.7 trillion gain in equity in the last 10 years, up from $6.1 trillion in Q1 of 2009. That is huge and against a backdrop of bad news from 2009 – 2012. In my view – now that the world is going into a zero-interest environment…all hard asset prices are bound to rise (continuing the relentless 55-year climb).

Guru Answered on September 10, 2019.
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