Average wages are now growing at about the same level of inflation. And as the economy continues to expand, we expect this trend to continue to improve. |
But in terms of whether it caught the public's attention, yes, I would say it definitely did. |
But we don't believe it's a bubble that's going to burst and everything disappears. The correction is going to take time, and we don't think it's going to be huge. |
There's no indication that there's a recession or turning point in the Oregon economy. |
We believe it's a very promising way to leverage the research and development facilities that are located in Oregon and that can work on these projects. |
We finally turned the corner on business expectations. They felt on much more solid footing and more comfortable about the future. Previous to that they were holding back. |
We thought housing would be falling away as business activity picked up. But what you have now is the two overlapping. |