Portland Has Biggest Home Price Increase In 2016

January 3, 2017

The value of houses in Portland, Ore., rose 13 percent last year, the best price appreciation rate in the nation according to MarketWatch.

Portland topped Seattle (12.7 percent price increase) and Dallas (11 percent).

The total U.S. housing stock grew 6 percent to $29.6 trillion. Los Angeles was the most valuable metro, as homes there are worth $2.5 trillion.

These findings come from a report from Zillow.

“As buying a home gets more expensive, affordability remains a concern for many,” says Zillow chief economist Svenja Gudell. Even the single-digit increase in house prices during 2016 will likely mean some American families are priced out of homeownership, she said.

Read more

Comments

PB-New Home Sales,PB-Economics,PB-Industry Data + Research,PB-Single Family Homes
expand_less