Portland’s Home Values are Fastest Growing in United States

According to the Case-Shiller Home Prices Indices, Portland’s home values have appreciated by 12% from January 2015 to January 2016, making it the fastest-growing market in the entire United States. This 12% figure is over double the national average for real estate appreciation. This rise in prices is stemming primarily from high demand and low inventory; according to Zillow’s senior economist Aaron Terrazas, this low inventory is due to homeowner uncertainty over selling and the inability to afford a more expensive home.

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Posted on April 11, 2016 at 10:28 pm
Bill Grange | Category: Portland Oregon Real Estate Market

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