Portland

A picture of the Portland skyline with the letters PDX

blue

Axios Portland Partners

Portland Alerts

Alert

Get smarter, faster on what matters in Portland with Kale Williams and Meira Gebel.

Axios Portland

Standard

A daily look at the most significant and interesting stories affecting Portland.

Axios Portland Thought Bubble

Thought Bubble

Portland Members

Membership

Portland Dining Month delivers big restaurant deals

Score three- or five-course meals at top spots for a fraction of the usual cost.

Food and Drink

That <a class="gtmContentClick" data-vars-link-text="new restaurant" data-vars-click-url="https://www.axios.com/local/portland/food-and-drink" data-vars-content-id="29962f4d-b39a-4b22-985d-b9149be0d3c3" data-vars-headline="Portland Dining Month delivers big restaurant deals" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/portland/food-and-drink" target="_self">new restaurant</a> you&#x27;ve been meaning to try? March may be the time to finally book a reservation.The big picture: More than 100 of the city&#x27;s top dining establishments are participating in <a class="gtmContentClick" data-vars-link-text="Portland Dining Month" data-vars-click-url="https://www.pdxdiningmonth.com/" data-vars-content-id="29962f4d-b39a-4b22-985d-b9149be0d3c3" data-vars-headline="Portland Dining Month delivers big restaurant deals" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.pdxdiningmonth.com/" target="_blank">Portland Dining Month</a>, where exclusive, limited-time prix-fixe meals — with either three or five courses — will be a fraction of the cost.

Oregon paid an estimated $670M in Trump's rejected tariffs

If or when that money is ever returned remains an open question.

News

Roughly $670 million is now potentially up for grabs in Oregon after the Supreme Court <a class="gtmContentClick" data-vars-link-text="struck down" data-vars-click-url="https://www.axios.com/2026/02/20/trump-tariffs-supreme-court-illegal" data-vars-content-id="d4e96304-57e9-4bc4-820c-1d871c38c9a6" data-vars-headline="Oregon paid an estimated $670M in Trump&#x27;s rejected tariffs" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2026/02/20/trump-tariffs-supreme-court-illegal" target="_self">struck down</a> a swath of President Trump&#x27;s tariffs on Friday, according to the Trade Partnership Worldwide economic research firm.Why it matters: Those tariffs, reversed in <a class="gtmContentClick" data-vars-link-text="a case led by" data-vars-click-url="https://www.doj.state.or.us/oregon-department-of-justice/federal-oversight/federal-litigation-tracker/tariffs-oregon-v-trump-u-s-court-of-international-trade-125-cv-00077/&#x27;" data-vars-content-id="d4e96304-57e9-4bc4-820c-1d871c38c9a6" data-vars-headline="Oregon paid an estimated $670M in Trump&#x27;s rejected tariffs" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.doj.state.or.us/oregon-department-of-justice/federal-oversight/federal-litigation-tracker/tariffs-oregon-v-trump-u-s-court-of-international-trade-125-cv-00077/&#x27;" target="_blank">a case led by</a> Oregon Attorney General Dan Rayfield, likely made <a class="gtmContentClick" data-vars-link-text="all kinds of stuff more expensive" data-vars-click-url="https://www.axios.com/2025/02/03/trump-tariffs-mexico-canada-china-cost" data-vars-content-id="d4e96304-57e9-4bc4-820c-1d871c38c9a6" data-vars-headline="Oregon paid an estimated $670M in Trump&#x27;s rejected tariffs" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/02/03/trump-tariffs-mexico-canada-china-cost" target="_self">all kinds of stuff more expensive</a> as businesses passed higher costs onto everyday Americans.

Portland homebuyers are scoring deals — but prices remain high

59% of homebuyers last year paid less than the original asking price, per Redfin.

Real Estate

The average discount for Portland <a class="gtmContentClick" data-vars-link-text="homes" data-vars-click-url="https://www.axios.com/local/portland/2025/12/08/portland-home-values-drop" data-vars-content-id="1c354fad-c3b0-4b7e-9579-5c8cf7eb838a" data-vars-headline="Portland homebuyers are scoring deals — but prices remain high" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/portland/2025/12/08/portland-home-values-drop" target="_self">homes</a> that sold below their original asking price last year was 6.6% — the largest such gap since 2012, according to a Redfin <a class="gtmContentClick" data-vars-link-text="report" data-vars-click-url="https://www.redfin.com/news/homebuyer-discounts-below-list-price-2025/" data-vars-content-id="1c354fad-c3b0-4b7e-9579-5c8cf7eb838a" data-vars-headline="Portland homebuyers are scoring deals — but prices remain high" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.redfin.com/news/homebuyer-discounts-below-list-price-2025/" target="_blank">report</a>.Why it matters: Still-high mortgage rates and home prices have <a class="gtmContentClick" data-vars-link-text="sidelined" data-vars-click-url="https://www.axios.com/2026/01/01/mortgage-rates-home-prices-predictions-2026" data-vars-content-id="1c354fad-c3b0-4b7e-9579-5c8cf7eb838a" data-vars-headline="Portland homebuyers are scoring deals — but prices remain high" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2026/01/01/mortgage-rates-home-prices-predictions-2026" target="_self">sidelined</a> many shoppers. But those who remain in the market are scoring the biggest deals in years.

How Dawson Park's origins contrast with its legacy

The Albina park became a cornerstone of Black Portland and civil rights activism.

Dawson Park has long been considered <a class="gtmContentClick" data-vars-link-text="a cultural landmark" data-vars-click-url="https://www.axios.com/local/portland/2025/02/27/historical-black-landmarks-portland" data-vars-content-id="5083da48-740d-4e64-8e0d-b7ba287e52f8" data-vars-headline="How Dawson Park&#x27;s origins contrast with its legacy" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/portland/2025/02/27/historical-black-landmarks-portland" target="_self">a cultural landmark</a> for Black Portland — where civil rights rallies originated and prominent historical figures visited — but it was originally developed in the early 20th century to keep children segregated.The big picture: The park&#x27;s evolution reflects the Albina neighborhood&#x27;s transformation: Shaped by racial tension and molded by redlining and displacement, it became a symbolic home base for Black life in the city.

Portland homeowners are staying put the longest since 2000

Low mortgage rates and high prices are keeping Portland homeowners in place longer than ever.

Portland homeowners are staying in their houses for the longest time in at least 25 years, largely thanks to their low <a class="gtmContentClick" data-vars-link-text="mortgage rates" data-vars-click-url="https://www.axios.com/2026/01/14/us-housing-market-mortgage-rates" data-vars-content-id="88f5c3be-d60e-4efe-be5d-5eba4543ac17" data-vars-headline="Portland homeowners are staying put the longest since 2000" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2026/01/14/us-housing-market-mortgage-rates" target="_self">mortgage rates</a>, according to a <a class="gtmContentClick" data-vars-link-text="report" data-vars-click-url="https://www.attomdata.com/news/market-trends/home-sales-prices/2025-year-end-home-sales-report/" data-vars-content-id="88f5c3be-d60e-4efe-be5d-5eba4543ac17" data-vars-headline="Portland homeowners are staying put the longest since 2000" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.attomdata.com/news/market-trends/home-sales-prices/2025-year-end-home-sales-report/" target="_blank">report</a> from ATTOM, an industry data provider.Why it matters: That — along with still-high home prices and tight inventory — is keeping the <a class="gtmContentClick" data-vars-link-text="housing market" data-vars-click-url="https://www.axios.com/2026/01/01/mortgage-rates-home-prices-predictions-2026" data-vars-content-id="88f5c3be-d60e-4efe-be5d-5eba4543ac17" data-vars-headline="Portland homeowners are staying put the longest since 2000" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2026/01/01/mortgage-rates-home-prices-predictions-2026" target="_self">housing market</a> on ice.

Portland office tower sales prompt worries over tax revenue

Recent sales show downtown office buildings selling for a fraction of their former values.

Deeply discounted office tower sales — including some landmarks of the Portland skyline — show how far the city&#x27;s commercial real estate market has fallen.Why it matters: The fallout is now hitting property tax revenues, pressuring city and county budgets to do more with less money.

Renting is far cheaper than owning in Portland right now

Mortgage holders in Portland pay hundreds more each month than renters, new data shows.

Many <a class="gtmContentClick" data-vars-link-text="prospective homebuyers" data-vars-click-url="https://www.axios.com/local/portland/2026/01/28/portland-housing-unaffordable-middle-income" data-vars-content-id="5c679ac9-a319-4bbc-8641-86586119e4e0" data-vars-headline="Renting is far cheaper than owning in Portland right now" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/portland/2026/01/28/portland-housing-unaffordable-middle-income" target="_self">prospective homebuyers</a> in the Portland metro area know: It&#x27;s a lot <a class="gtmContentClick" data-vars-link-text="cheaper to rent" data-vars-click-url="https://www.axios.com/local/portland/2025/05/13/portland-homebuyers-renters-income-gap" data-vars-content-id="5c679ac9-a319-4bbc-8641-86586119e4e0" data-vars-headline="Renting is far cheaper than owning in Portland right now" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/portland/2025/05/13/portland-homebuyers-renters-income-gap" target="_self">cheaper to rent</a> than own right now. <ul><li>Approximately $725 cheaper per month in fact, according to a new LendingTree <a class="gtmContentClick" data-vars-link-text="analysis" data-vars-click-url="https://www.lendingtree.com/home/mortgage/comparing-rent-vs-owning-a-home-in-nations-largest-metros/" data-vars-content-id="5c679ac9-a319-4bbc-8641-86586119e4e0" data-vars-headline="Renting is far cheaper than owning in Portland right now" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.lendingtree.com/home/mortgage/comparing-rent-vs-owning-a-home-in-nations-largest-metros/" target="_blank">analysis</a>.</li></ul>Why it matters: Housing costs have soared nationwide, with stubbornly <a class="gtmContentClick" data-vars-link-text="high home prices" data-vars-click-url="https://www.axios.com/local/portland/2024/11/21/million-dollar-real-estate-market-2033" data-vars-content-id="5c679ac9-a319-4bbc-8641-86586119e4e0" data-vars-headline="Renting is far cheaper than owning in Portland right now" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/portland/2024/11/21/million-dollar-real-estate-market-2033" target="_self">high home prices</a> and mortgage rates weighing on <a class="gtmContentClick" data-vars-link-text="would-be buyers" data-vars-click-url="https://www.axios.com/2026/01/01/mortgage-rates-home-prices-predictions-2026" data-vars-content-id="5c679ac9-a319-4bbc-8641-86586119e4e0" data-vars-headline="Renting is far cheaper than owning in Portland right now" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2026/01/01/mortgage-rates-home-prices-predictions-2026" target="_self">would-be buyers</a>.

Portland's housing crisis squeezes middle-income buyers

Only 1 in 10 Portland homes is affordable for median-income buyers.

Nearly 90% of Portland metro homes on the <a class="gtmContentClick" data-vars-link-text="market" data-vars-click-url="https://www.axios.com/2026/01/01/mortgage-rates-home-prices-predictions-2026" data-vars-content-id="db4caa13-7118-4c2f-9248-b0da57d772ef" data-vars-headline="Portland&#x27;s housing crisis squeezes middle-income buyers" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2026/01/01/mortgage-rates-home-prices-predictions-2026" target="_self">market</a> are unaffordable to the typical household, according to a Bankrate <a class="gtmContentClick" data-vars-link-text="analysis" data-vars-click-url="https://www.bankrate.com/mortgages/american-dream-of-homeownership-turning-into-luxury/" data-vars-content-id="db4caa13-7118-4c2f-9248-b0da57d772ef" data-vars-headline="Portland&#x27;s housing crisis squeezes middle-income buyers" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.bankrate.com/mortgages/american-dream-of-homeownership-turning-into-luxury/" target="_blank">analysis</a>.Why it matters: That&#x27;s higher than the national rate of 75%, reflecting the reality of a region where housing affordability remains one of voters&#x27; top concerns, per <a class="gtmContentClick" data-vars-link-text="a survey" data-vars-click-url="https://portlandmetrochamber.com/resources/2026-voter-poll/" data-vars-content-id="db4caa13-7118-4c2f-9248-b0da57d772ef" data-vars-headline="Portland&#x27;s housing crisis squeezes middle-income buyers" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://portlandmetrochamber.com/resources/2026-voter-poll/" target="_blank">a survey</a> released by the Portland Metro Chamber earlier this month.

Why more people left Oregon than moved here in 2025

A new report shows more people left Oregon than moved in last year.

Oregon saw more departures than arrivals in 2025 according to an analysis of interstate moves by Atlas Van Lines.Why it matters: High housing costs are keeping many people in place. But some are still moving, often for <a class="gtmContentClick" data-vars-link-text="lower home prices" data-vars-click-url="https://www.axios.com/2025/08/01/real-estate-home-prices-nyc-florida" data-vars-content-id="c6c42b96-6410-4f8c-a489-ddd2359d6f2b" data-vars-headline="Why more people left Oregon than moved here in 2025" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/08/01/real-estate-home-prices-nyc-florida" target="_self">lower home prices</a>, <a class="gtmContentClick" data-vars-link-text="jobs" data-vars-click-url="https://www.axios.com/2025/11/18/young-adults-likely-leave-city" data-vars-content-id="c6c42b96-6410-4f8c-a489-ddd2359d6f2b" data-vars-headline="Why more people left Oregon than moved here in 2025" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/11/18/young-adults-likely-leave-city" target="_self">jobs</a>, <a class="gtmContentClick" data-vars-link-text="climate resilience" data-vars-click-url="https://www.axios.com/2025/02/03/climate-change-insurance-costs-real-estate" data-vars-content-id="c6c42b96-6410-4f8c-a489-ddd2359d6f2b" data-vars-headline="Why more people left Oregon than moved here in 2025" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/02/03/climate-change-insurance-costs-real-estate" target="_self">climate resilience</a> or to be closer to <a class="gtmContentClick" data-vars-link-text="family" data-vars-click-url="https://www.wsj.com/us-news/grandparents-moving-southern-states-baby-chaser-74236c4d?gaa_at=eafs&amp;gaa_n=AWEtsqcrhqM8hq4P5gyEgWWkv7SvJ7lWdHW9HIXsrRcybR-m-Lm-oUUlzCW0xh4Opp0%3D&amp;gaa_ts=69320970&amp;gaa_sig=WWIwhO9qtMX6XjU6vwSbCoQz2zVANmJEO6kbR6DXeW1a5LOA3BzsZxiWoRrRY40exs09amV6iu7zaoTFrbRnrw%3D%3D" data-vars-content-id="c6c42b96-6410-4f8c-a489-ddd2359d6f2b" data-vars-headline="Why more people left Oregon than moved here in 2025" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.wsj.com/us-news/grandparents-moving-southern-states-baby-chaser-74236c4d?gaa_at=eafs&amp;gaa_n=AWEtsqcrhqM8hq4P5gyEgWWkv7SvJ7lWdHW9HIXsrRcybR-m-Lm-oUUlzCW0xh4Opp0%3D&amp;gaa_ts=69320970&amp;gaa_sig=WWIwhO9qtMX6XjU6vwSbCoQz2zVANmJEO6kbR6DXeW1a5LOA3BzsZxiWoRrRY40exs09amV6iu7zaoTFrbRnrw%3D%3D" target="_blank">family</a>.

Most Portland homes lost value this year

A new Zillow report found roughly 80% of homes in the Portland metro area lost value in 2025.

The majority of <a class="gtmContentClick" data-vars-link-text="homes" data-vars-click-url="https://www.axios.com/local/portland/2025/10/20/portland-home-price-cuts-august-2025" data-vars-content-id="747d1360-5563-451a-b7b3-7525a2eefae9" data-vars-headline="Most Portland homes lost value this year" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/portland/2025/10/20/portland-home-price-cuts-august-2025" target="_self">homes</a> in the Portland metro area lost value in the past year, according to Zillow.Why it matters: That&#x27;s the most since 2012 — but the vast majority of <a class="gtmContentClick" data-vars-link-text="homeowners" data-vars-click-url="https://www.axios.com/2025/11/04/homebuyer-age-first-time" data-vars-content-id="747d1360-5563-451a-b7b3-7525a2eefae9" data-vars-headline="Most Portland homes lost value this year" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/11/04/homebuyer-age-first-time" target="_self">homeowners</a> still &quot;have plenty to feel good about,&quot; the real estate site <a class="gtmContentClick" data-vars-link-text="reports" data-vars-click-url="https://zillow.mediaroom.com/2025-11-17-53-of-U-S-homes-lost-value-in-the-past-year,-the-most-since-2012" data-vars-content-id="747d1360-5563-451a-b7b3-7525a2eefae9" data-vars-headline="Most Portland homes lost value this year" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://zillow.mediaroom.com/2025-11-17-53-of-U-S-homes-lost-value-in-the-past-year,-the-most-since-2012" target="_blank">reports</a>.

$70M investment to reshape historic Albina

The 1803 Fund aims to restore economic opportunity in Portland's Black neighborhoods.

The 1803 Fund, which works to restore opportunity in Portland&#x27;s historically Black neighborhoods, announced $70 million in new real estate investments Thursday, including the former grain silos along the east bank of the Willamette River.Why it matters: The purchases mark the fund&#x27;s most significant efforts yet to restore Portland&#x27;s lower Albina neighborhood, which was once <a class="gtmContentClick" data-vars-link-text="the heart" data-vars-click-url="https://www.axios.com/local/portland/2025/02/27/historical-black-landmarks-portland" data-vars-content-id="773c84ee-404a-4b4d-9741-fad7a733ad30" data-vars-headline="$70M investment to reshape historic Albina" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/portland/2025/02/27/historical-black-landmarks-portland" target="_self">the heart</a> of the city&#x27;s Black community and commerce, after <a class="gtmContentClick" data-vars-link-text="generations of displacement" data-vars-click-url="https://www.axios.com/local/portland/2025/02/25/north-portland-historic-black-community-revitalization" data-vars-content-id="773c84ee-404a-4b4d-9741-fad7a733ad30" data-vars-headline="$70M investment to reshape historic Albina" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/portland/2025/02/25/north-portland-historic-black-community-revitalization" target="_self">generations of displacement</a>.

How many people live mortgage-free in Oregon

The state ranks among the lowest in the U.S. for homes owned outright.

Oregon ranks among the lowest in the U.S. for <a class="gtmContentClick" data-vars-link-text="homes owned outright" data-vars-click-url="https://link.axios.com/click/42583109.34/aHR0cHM6Ly93d3cuYXhpb3MuY29tLzIwMjUvMTEvMTYvbW9ydGdhZ2UtZnJlZS1ob21lcy1tYXA_dXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPXNlbmR0b19sb2NhbG5ld3NsZXR0ZXJ0ZXN0JnN0cmVhbT10b3A/621cf7632d0d7c1ea2551892Bbd090865" data-vars-content-id="a50dab65-2c56-45b0-a9d7-f6c30ebb1839" data-vars-headline="How many people live mortgage-free in Oregon" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://link.axios.com/click/42583109.34/aHR0cHM6Ly93d3cuYXhpb3MuY29tLzIwMjUvMTEvMTYvbW9ydGdhZ2UtZnJlZS1ob21lcy1tYXA_dXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPXNlbmR0b19sb2NhbG5ld3NsZXR0ZXJ0ZXN0JnN0cmVhbT10b3A/621cf7632d0d7c1ea2551892Bbd090865" target="_self">homes owned outright</a>, according to new Census Bureau data.The big picture: The numbers underscore how <a class="gtmContentClick" data-vars-link-text="rising housing costs" data-vars-click-url="https://www.axios.com/local/portland/2025/05/13/portland-homebuyers-renters-income-gap" data-vars-content-id="a50dab65-2c56-45b0-a9d7-f6c30ebb1839" data-vars-headline="How many people live mortgage-free in Oregon" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/portland/2025/05/13/portland-homebuyers-renters-income-gap" target="_self">rising housing costs</a> are keeping many Oregonians — <a class="gtmContentClick" data-vars-link-text="especially younger homeowners" data-vars-click-url="https://www.axios.com/local/portland/2025/11/04/millennials-portland-homebuying-decline" data-vars-content-id="a50dab65-2c56-45b0-a9d7-f6c30ebb1839" data-vars-headline="How many people live mortgage-free in Oregon" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/portland/2025/11/04/millennials-portland-homebuying-decline" target="_self">especially younger homeowners</a> — from fully owning their homes, contributing to higher debt loads and financial strain.

Why more Portland homebuyers are backing out

Nearly 16% of pending Portland home sales fell through in September.

More Portland <a class="gtmContentClick" data-vars-link-text="homebuying" data-vars-click-url="https://www.axios.com/local/portland/2025/11/04/millennials-portland-homebuying-decline" data-vars-content-id="dc1c60b2-2369-4016-9ccd-3d2e682c4507" data-vars-headline="Why more Portland homebuyers are backing out" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/local/portland/2025/11/04/millennials-portland-homebuying-decline" target="_self">homebuying</a> contracts are being canceled, according to a recent Redfin <a class="gtmContentClick" data-vars-link-text="report" data-vars-click-url="https://www.redfin.com/news/contract-cancellations-september-2025/" data-vars-content-id="dc1c60b2-2369-4016-9ccd-3d2e682c4507" data-vars-headline="Why more Portland homebuyers are backing out" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.redfin.com/news/contract-cancellations-september-2025/" target="_blank">report</a>.The big picture: Homebuyers are backing out of deals at &quot;a fairly high rate&quot; as their <a class="gtmContentClick" data-vars-link-text="negotiating power grows" data-vars-click-url="https://www.axios.com/2025/06/03/homes-buyers-sellers-redfin" data-vars-content-id="dc1c60b2-2369-4016-9ccd-3d2e682c4507" data-vars-headline="Why more Portland homebuyers are backing out" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2025/06/03/homes-buyers-sellers-redfin" target="_self">negotiating power grows</a> and economic uncertainty mounts, among other reasons.

Real Estate 🏠

Portland homebuyers are scoring deals — but prices remain high

Portland homeowners are staying put the longest since 2000

Portland office tower sales prompt worries over tax revenue

Renting is far cheaper than owning in Portland right now

Portland's housing crisis squeezes middle-income buyers