Tuesday, May 13, 2008

Forbes article ignores Portland, gasp!


In the last few years it seems that every real estate article Forbes Magazine wrote mentioned Portland.

Lately, however, Portland hasn't cracked the top 10 lists Forbes likes to publish. One recent list featured the top 10 most challenged markets; good that Portland didn't make that list. Another recent list featured the top 10 home markets for sellers; bad that Portland didn't make the list.

Here's another list without Portland: 10 Recession Proof Cities

Here are the 10 cities that Forbes sees as practically recession-proof, along with the percentage of growth for median-priced homes (per Forbes) in the past year.

City & Appreciation

Oklahoma City, Okla. +8.2 percent
San Antonio, Texas +7.9 percent
Austin, Texas +6.4 percent
San Jose, Calif. +11.2 percent
Raleigh, N.C. +4 percent
Salt Lake City +2.5 percent
Houston +1.1 percent
Seattle +1.2 percent
Charlotte, N.C. +3.3 percent
Dallas-Fort Worth +.5 percent

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