U.S. homeowners with mortgages witnessed a 6.6% year-over-year increase in their equity in the second quarter of 2020 – representing a cumulative gain of $620 billion for the nation and an$
Portland Home Prices Rise At A More Measured Pace
According to RealtyTrac's September and Q3 2014 Residential & Foreclosure Sales Report, Portland's median home price is up a little more than 7 percent over last September. According to RealtyTrac, the Rose City is one of several markets that has eased up a little on appreciation and settled into a sustained pattern of single-digit increase for the last five months.
The Regional Multiple Listing Service reported that the median price for homes in Portland in September was $285,000, up from $265,000 in September 2013.Data released this week by S&P Dow Jones Indicies for its S&P/Case-Shiller Home Price Indicies, also showed a deceleration in home price gains across the country. Despite the slower gains in appreciation, however, S&P/Case Shiller reported that September figures for housing starts, permits and sales of existing homes were all up.
In Portland, the 2,378 closed sales in September was a 10 percent improvement over the same month last year.
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 25+ years in the industry, Mark has gained experience in....
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