Oregon Remains One of Top Moving Destinations in U.S.

Oregon Remains One of Top Moving Destinations in U.S.

Hard money lenders make Oregon real estate investment easy

Oregon continues to make headlines as one of the most favorable places to live in the U.S.

According to migration data studies made by Atlas Van Lines, the state ranked second in the nation for inbound moves from January 1 through December 15, 2016.

United Van Lines similarly lists Oregon as a top moving destination, placing the state third in the country for inbound moves in 2016 – a slight drop from the first place ranking it held the previous three years.

What makes Oregon so appealing?

Robust employment opportunities are noted as a major draw to those moving to the region. Oregon’s job growth rate of 3.3 percent was the second–largest in the country in 2016, just behind Washington State at 3.5 percent. According to Gail Krumenauer, senior economic analysist with the Oregon Employment Department, Oregon has consistently outpaced the national average job growth rate (just 1.6 percent last year) for the past four years.

Unemployment in the state dropped to 5 percent as of November 2016, down from 5.6 a year prior. And construction and professional and business services are among those job markets that experienced healthy growth.

Strong economy equals real estate investment opportunities

Oregon’s appeal as a move-to destination and the strength of it’s employment scene in turn indicate solid real estate investment opportunity. Thanks to the state’s population influx, the housing market remains hot and rental properties are highly sought after. As a hard money lender with over 30 years experience, we have the know how to provide our clients the loan service they need to move fast when investment opportunities arise. Give us a call to learn more. 1–888–477–0444.