Portland-area home prices jumped again in January, pushed higher by a shortage of homes for sale.
Metro home prices rose four-tenths of a percent in January, according to the according to the S&P CoreLogic Case-Shiller home price index, reaching a level 7.1 percent higher than a year earlier.
Seattle led the 20-city index with a 12.9 percent year-over-year increase, followed by Las Vegas with an 11.1 percent increase. Seven of the cities in the index saw prices rising at a faster rate than Portland over the past year.
The national index rose 6.2 percent.
Portland's home prices continue to set new records. Prices are now 21 percent higher than the previous high-water mark, set in August 2007.
See Your Roof Like Never Before.
Enjoy Before, During and After Video of
Your Home Improvement!
Roofing Shingles Have a Limited Lifetime Warranty. The Amount You Spend on A New Roof, Consider it an Investment. If Your Home Appreciates in Value, so does the Roof. When you Sell, the Roofing Shingle Warranty Transfers to the New Owner!
Although a New Roof Isn't as Exciting as a Kitchen or Bathroom Remodel, it is the Most Effective Way to Protect your Biggest and Most Important Investment. Today's Roofing Products Install with Limited Lifetime Warranties that Transfer to the New Owner When You Sell! As an Investment, a New Roof is a Dollar for Dollar Return When You Sell.