Apartment Boom is Beginning to Slow Rent Growth in City Core

Over the past two years it seems there have been cranes on every corner and they were all building new apartments.  As most of these apartments are coming to market renters in the city core are feeling a little relief in the search for a rental home.

The number of units that have been completed recently are creating a slight renters market.  These new apartments are offering move in specials and concessions.  Established rental buildings are being forced to follow suit to attract renters.  This is a much needed change from the explosive rent growth over the past few years in Portland.  A cooler rental market leads to more opportunity for first time home buyers to prepare for a home purchase through savings and credit strength.
Read the OregonLive Article

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