According to rentBits, a rental search engine for apartments and rental homes, the average rental rates for Portland have seen a slight decrease October over September. Collectively, across all bedrooms, the average rental rates has risen from $1003 in October to $1996 in November.
“Demand for rentals in Portland has not caught up with supply.” says Dan Daugherty, CEO of rentBits. “This is putting downward pressure on the rental rates in this area.”
In most other cities across the US, rental rates for apartments are seeing a slight decrease for the year. Much of this is due to a decrease in demand. Many renters for apartments are either moving into a single family home rental, moving back in with Family or sharing rooms with friends. This transitional period has put downward pressure on most apartment rental rates
Source: http://rentbits.com/rb/t/rental-rates/portland-oregon
About Francesca
Francesca is a native Oregonian, born and raised in Portland and living in Lake Oswego for the past 28 years. Attending both public and private schools, she graduated from Portland State University with a Bachelors Degree in Business.
Twenty-five years of experience in Technology as a Regional Senior Sales Executive. During those sales years, Francesca continued to receive multiple awards for helping customers by providing solutions and caring about the end result. Francesca brings years of negotiating skills and the persistence to get the job done. She is both supportive and active in the community on a variety of levels, which prepare her to offer accurate and helpful information and advice to potential home buyers.
Francesca specializies in First Time Buyers and Short Sales but works with all phases of the real estate market on regular basis. Serving the geographic areas of Lake Oswego, Tualatin, Tigard, Sherwood, Beaverton , Wilsonville and West Linn areas.
Licensed in the State of Oregon.
• Member of the National Association of Realtors
• Member of the Portland Metropolitan Assoc. of REALTORS
• Accredited Buyers Representative (ABR)
• Volunteer and Supporter of CAT Adoption Team
• Volunteer and Supporter of Feral Cat Coalition of Portland
• Supporter of the Oregon Humane Society
• Member of the Waluga Neighborhood Association
Navigating the Real Estate Maze 