Portland is in the top two markets across the nation as reported by Elliot Njus of OregonLive.com. The data reinforces what most of us know in the Pacific Northwest. There are indications of a slight slowdown but not enough to make a significant dent in the demand for housing. Seattle continues to lead Portland and the nation in home price changes over the last year.
Portland-area home prices climbed 8.9 percent during the year ending in May, according to the S&P CoreLogic Case-Shiller index, an increase second only to Seattle’s 13 percent. One of the two cities has led the index for the past 19 months. Read more…
Image credit CoreLogic Case-Shiller Index