HOME PRICES ARE RISING BUT STABALIZING ACCORDING TO THE S&P/CASE-SHILLER INDEX

Home prices rose in April but the annual gains are slowing down according to the latest S&P Case-Shiller report. Portland was no different as our index level rose 1.56% to 165.16. That's an 11.1 percent year-over-year increase which is less of an increase from year prior.

The 20 city Composite rose 1.1% in April with a year-over-year increase of 10.8%,

The S&P/Case-Shiller Index measures the average change in value of residential real estate given a constant level of quality within a 10 and 20 city composite. The report is a review of activity that occurred 2 months prior.