Well, I would love to say yes, but I don’t really think so! I know, I know, the Beaverton, Oregon real estate market is in the crapper, but it hasn’t burst, at least as far as I’m concerned. There are a lot of things to consider in the statement, “the bubble has burst”. When I think of a bubble bursting, I think of the market being completely gone and its time to grab another balloon and start pumping away.
But, here we are, with prices still falling. This means to me that we have a very, very slow leak in our bubble. Until the balloon is flat and we can start pumping up what everyone wants to call a bubble, then the bubble hasn’t burst, it just has deflated and I just wish I had the patch to fix it.
Todd Clark - Broker / Sales Coach
Palazzo Realty Group
Phone: (503)524-9494
Fax: (503)622-8739
©2009 Todd Clark - Has the housing bubble in Beaverton Oregon burst?
Todd Clark and the Friendly Home Team
Knipe Realty
Todd@IFoundYourNewHome.com
Phone: (503)524-9494
Fax: (503)746-9573
I am a licensed Realtor who specializes in Washington County, Oregon and also work in both Clackamas and Multnomah Counties including the cities of Aloha, Beaverton, Canby, Clackamas, Gladstone, Gresham, Happy Valley, Hillsboro, Milwaukie, Oregon City, Sherwood and Tigard. All information contained in these posts are copyrighted and cannot be used without prior written approval authorization from the author me Todd Clark. If you are looking for an outstanding agent please give me a call I would love to help you with all your real estate needs.
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Todd, I can't say that the bubble in our area has burst, but then we were not as inflated as some areas of the country that were driven by greed. Although the market is down, it is still doing okay...
I think it's similar here even though we were not as inflated as other parts of the country either. We have lost so much industry (steel, car manufacturing) so it's the unemployment rate that's making it so difficult.
Bubble or no bubble. . .people are still buying homes
It is tough because there are so many factors out there. Our market never really had a bubble but we were impacted by markets that feed us that had a bubble so it goes.
Todd, I try to explain to my buyers that with a slow leak we'll come to a soft landing whereas a burst would be dangerous to the whole economy...
Todd, it's like a basketball that isn't bouncing real well. But I do think about a big pink double bubble bubble all over my face!
Hi Todd... a percentage of people need a home to live in and a percentage need to sell. I'm sure everyone will look back in the near future and say we should have bought when we had all the great choices and low interest rates....Hang in there Todd, and Quitter Never Wins and a Winner Never Quits :O)
Todd --- our market place has very inflated values and therefore is seeing quite a lot of foreclosures & short sales --- we do however, see an improvement and I am very positive about our market.
Mama Liz
Todd, if this was a boat there would be too many people bailing, and just getting in the way, sometimes less is more. It's easier to start with a new Bubble than trying to patch a leak-er.
I think our area is in for another wave of foreclosures from what I have looked at on the Sheriff's Sales that were cancelled for January thru April of this year.
With most of you I agree, people are still buying and people are still selling it just isn't as easy to buy or sell as it was in 2006. You have to fight for every home, but if you have the patience, it can be a great opportunity.