Gentrification & Portland Real Estate
Changing Lifestyles & How This is Affecting Portland Real Estate Values In a nutshell, close-in neighborhoods with increased opportunities for human interaction and cultural experiences are becoming more popular. Whereas, outlying suburbs that are heavily dependent on transportation by car with less close-by amenities like local shops and entertainment are experiencing a decline in popularity. Real estate located in close-in neighborhoods with easy/fast commutes into downtown Portland have seen more dramatic real estate and rental cost increases when compared to outlying suburbs. Although the reasons for this shift toward more urban living may be self-evident to many, a more in-depth look at the factors that set the stage for this change is very interesting (at least, it's interesting to Realtors in Portland). Looking to buy? If you need to sell…