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.
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.
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.
There's no indication that there's a recession or turning point in the Oregon economy.
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.