Portland Home Values Close In On Prerecession Peaks

Dated: May 27 2014

Views: 348

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...
cb
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 25+ years in the industry, Mark has gained experience in....

Latest Blog Posts

Will We Have A Buyers Housing Market In 2021

If you’re looking to buy a home, you’ll stand the best chance in a buyer’s housing market, where listings are flush, demand is low and buyers have the upper hand — not to mention most of the

Read More

What To Budget For Closing Costs When Buying A House

Are you considering purchasing a home for the first time? Then you’re probably already saving money for your down payment. But what about all the other costs needed to complete the transaction?

Read More

Organize Your Home In A Month In Less Than An Hour A Day

A super-easy plan for getting organized without adding to your home-is-school, home-is-work, home-is-everything time burden.Did you ever notice that your self-improvement pacts with yourself are

Read More

5 Tasks Every Homeowner Should Do In January

Start looking for that contractor NOW if you want your project done by summer’s end.Whew. The holidays are done. The new year has rung in.That's when smart homeowners know it's time to do these

Read More