Portland Home Values Close In On Prerecession Peaks

Dated: May 27 2014

Views: 374

U.S. home prices were 12.4 percent higher in March than they were a year ago — a significant slowdown from recent months, according to the influential S&P/Case-Shiller Home Price Indices, released Tuesday.

The Portland area did its part to drive the gains.

Local home prices were up nearly 12 percent in March compared to a year ago and are closing in on their pre-recession peak. As of March, local home prices are about 13 percent lower than they were in July 2007, a far smaller gap than the gap of more than 30 percent recorded in March 2012.

Las Vegas and San Francisco led the nation with gains of about 21 percent while Cleveland held up the rear at 3.9 percent. Read More Here...
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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 25+ years in the industry, Mark has gained experience in....

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