Portland real estate broker recognizes proximity to homeless camps hammers home prices

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As Portland residents have started speaking out against far-left politicians over the homeless crisis and crime surge fueling an exodus from the city, a local real estate broker is describing the difficulty of offloading these for-sale properties.

“A lot of these spaces now are occupied by camps, and a lot of the homeowners now have changing circumstances,” Dwell Realty broker George Patterson said on a “Mornings with Maria” panel Wednesday.

According to the housing market expert, homeowners and potential buyers are “full of concerns” about the growth of homeless camps within residential neighborhoods, and it’s also causing a pricing shift.

“They’re looking at their lives and wondering, ‘How long do I continue to live here?’” Patterson noted. “And they’re saying, ‘Should I live here? Should I find a home somewhere else?’ And they’re picking somewhere else.”

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