The S&P/Case-Schiller Home Price Indices were released this morning, and surprise! Portland has another "number one" designation to add to our growing list—but this time it's for most rapidly inflating housing prices. From S&P/Case-Schiller:
Portland, Seattle, and Denver reported the highest year-over-year gains among the 20 cities with another month of annual price increases. Portland led the way with an 11.9% year-over-year price increase, followed by Seattle with 11.0%, and Denver with a 9.7% increase. Seven cities reported greater price increases in the year ending February 2016 versus the year ending January 2016.
Here's a chart from Zero Hedge which illustrates the mountain on which we currently reside:
Got a house? Better keep that house.
Read more...
A Summer of Evictions: Portland Renters Are in a State of Emergency.
Ever-Changing Portland: The Mercury's Coverage of Housing, Rent Control, Gentrification and More.
