As home sales are improving, the highest prices are still being paid for homes in the suburbs of Portland, including Washington County, Lake Oswego and West Linn.
As home sales are improving, the highest prices are still being paid for homes in the suburbs of Portland, including Washington County, Lake Oswego and West Linn.
The fact that people are paying a premium to live outside of Portland is contrary to claims repeatedly made by urban planners since the Great Recession started to wane. They argue that people no longer want to live in the suburbs but are moving to cities, where transportation costs are less. The goal, they say, is to live in so-called 20-minute neighborhoods where jobs, shopping and recreational opportunities are just a short walk away.
“What we’re finding is, people still want to be able to choose where they live, including in the suburbs,” says Dave Nielsen, chief executive officer of the Home Builders Association of Metro Portland.
Read more at The Portland Tribune.
