For Multifamily Executive, Hamilton Zanze CEO Kurt Houtkooper details the reasons for optimism about the multifamily market and his company’s plans for 2024.Read
Oregon Is 6th in U.S. for Home Price Increases
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