The latest Case/Shiller home price index just came out this morning and home price appreciation in the NW is slowing down. Even with the market cooling prices are still going up faster than inflation.
In Portland prices rose 0.7% in March 2019 and are up 2.6% over last March.
Home loan interest rates dropped considerably and are currently right at 4% for a 30 year fixed rate. These low rates contribute to continued appreciation.
Nick Krautter is the author of The Golden Handoff: How to Buy and Sell a Real Estate Agent’s Business which debuted number one on Amazon for mergers and acquisitions. His goal is to teach real estate agents how to grow their business and to help them later retire and benefit from their years of hard work. For the last decade Nick has been a Realtor in Portland, Oregon, where he leads a team and frequently serves as a real estate expert for the media.