Home prices jump most in 7 years

Home prices jump most in 7 years

Oregon home prices jumped 15.5% from last year, placing it among the top five states nationally.

More people are looking to purchase homes. But the number of homes for sale is 14 percent lower than it was a year ago. The supply shortage has contributed to the price increases.

Rising home prices can help sustain the housing recovery. They encourage more homeowners to sell. And they spur would-be homeowners to buy before prices increase further.

Read more at The Register-Guard.

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