Portland Home Appreciation Due To Demand

Dated: 06/09/2013

Views: 9806

Here in Portland, it's old news that homes are flying off the market.  Sellers are selling and buyers are... struggling.  But here is an awesome article from the Portland Business Journal that breaks out the number game for us, and tells us exactly where home appreciation rates our.  This local business journal states that Oregon ranks 5th in the nation for home price appreciation, coming in at 15.5% in the prior year - the national average hangs out at at around 12%.  The article quotes Anand Nallathambi, as summing up the reason for booming appreciation, saying “Increasing demand for new and existing homes, coupled with low inventory, has created a virtuous cycle for price gains, most clearly seen in the Western states with year-over-year gains of 20 percent or more,”.  

You can read the rest of this article here: http://www.bizjournals.com/portland/blog/real-estate-daily/2013/06/oregon-fifth-in-nation-for-rising...

Want to Advertise on this Site?

Latest Blog Posts

6 Bad Habits That Stand Between You And Homeownership

When buying a home, avoid these six lousy habits.Looking to buy a home? Search all homes.Looking to sell a home? Get a FREE home value report.If you plan on buying a home in 2018, there

Read More

9 Cleaning Tips Before Selling Your Home

Moving out or moving in? Cleaning is an important part of that process! From ceiling fans to baseboards there is so much to clean when you’re moving out. We want to help make the process as

Read More

3 Ways To Save 100K On Your Next Home

Saving $100K on your next home sounds crazy, right? Savings like this are life changing and could allow you to do so much more with your future plans. Believe it or not, with a few changes in your

Read More

Buying A Home For The First Time Consider These 8 Tips

Looking to buy a home? Search all homes.Looking to sell a home? Get a FREE home value report.As a first-time homebuyer, there are eight ways you can set yourself ahead during your home

Read More