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Oregon Is 6th in U.S. for Home Price Increases

hamilton-zanze August 07, 2013
Company News

CoreLogic reports that Oregon single-family home prices rose 14.2% year-over-year in June, the sixth-highest statewide increase in the country. Oregon trails only Nevada, California, Wyoming, Arizona, and Georgia in year-over-year home price increases. Portland home prices appreciated 14.6% year-over-year.

Nationally, the home price index rose 11.9%, making June the 16th consecutive month with a year-over-year increase. CoreLogic’s chief economist Mark Fleming explains: “This trend in home price gains is moving at the fastest pace since 1977.” As single-family home prices continue to increase, potential homeowners could be priced out of buying.

Read the full article at Portland Business Journal

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