Core Logic Portland Area Home Prices Up 12 Point 4 Percent In March From A Year Ago

Dated: May 6 2014

Views: 369

Home prices rose in the Portland area and across the U.S. in March even as home sales failed to meet expectations.

The data firm CoreLogic said U.S. home prices were up 11.1 percent in March from a year earlier, and 1.4 percent compared to February.

Prices rose faster in the Portland metro, which saw a 12.4 percent increase year over year and a 1.3 percent increase in March.
The home-price hikes came in a month when sales of both new and existing homes were weaker than expected. Mark Fleming, CoreLogic's chief economist, said sellers are staying at the sidelines while willing buyers can't find homes that meet their needs. Read More Here...
Blog author image

Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 30 years in the industry, Mark has gained experience in ....

Latest Blog Posts

Fannie Mae Cuts Origination Forecast For 2022

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022

Read More

How Long Does A Home Seller Have To Respond To An Offer

When you make an offer on a house, you might be wondering: How long does it take a home seller to respond to your offer?There’s nothing worse than sitting around waiting—especially when you’re

Read More

Forbearance Numbers Fall As Borrower Exits Remain High

Servicers’ forbearance portfolio volume fell once again last week, as exits remained elevated compared to requests or re-entries. The total number of loans in forbearance dropped by eight basis

Read More

How Much Does It Cost To Build A House And Is It Cheaper To Buy Or Build

How much does it cost to build a house? The median price of constructing a single-family home is $296,652. That’s for an average-sized house of 2,594 square feet, which boils down to $115 per

Read More