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Old 04-18-2009, 10:49 PM
 
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If unemployment is around 11% in Oregon why haven't home prices fallen in the Eugene, Cottage Grove area?
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Old 04-19-2009, 11:39 AM
 
Location: Sisters, Oregon
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Home prices have fallen in Eugene
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Old 04-21-2009, 05:33 PM
 
Location: Oregon Coast
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There has not been a big fall in prices because employment alone does not control the price of homes. There is supply and demand. Mostly people are not moving out, and others are moving in. Construction is slow so there not an over supply of home like some places.
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Old 05-09-2009, 01:32 AM
 
Location: Eugene, OR
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Prices have fallen in Eugene about 6-10% over the last year, and that's probably as far as they will go.

Like Waterlilly mentioned, there is not an oversupply of homes in Eugene (as opposed to other areas that are really getting blasted). In fact, there are very few new homes at all.

Prices in Eugene are still a steal compared to just about anywhere in California and northwest cities like Seattle. Portland is significantly higher than Eugene when you compare apples to apples (in terms of location, surrounding greenery, views, etc.)
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