Oregon Market Still Appreciating

In a city where all you see are trees and college students. Eugene has erupted in growth more in the last few years then in the previous twenty. The community has attracted new business and jobs. But like the rest of Oregon the market has slowed. The current median price of a home in Eugene is about $206,000, up more then 50% within the past couple of years. Eugene is hypothesized to finish 2007 with an average of 5.2% in appreciation. According to RMLS of Oregon, Portland is among the top ten appreciating US markets. Oregon was once one of the weakest economic state in the west coast but the economic status has increased drastically due to the new business and new employers. Many of the new residents have been drawn to the lower cost of living, lower priced homes, and high employment rate. But now the price of homes are also changing.