Portland home prices are still on the rise according to the latest S&P Case Shiller Index which was released today. The report shows prices in the Rose City increased 1.2 percent in May and 10 percent over the past year.
While prices continue to increase the acceleration of those increases are slowing down. Many experts say the slowdown in rising prices was inevitable and necessary for a healthy housing market.
As the economy and employment numbers improve, expect interest rates to rise as well. If you’ve been thinking about buying or selling a home, now is the time to do it before interest rates play a factor in the housing market and your purchasing and selling power.
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