Portland home prices rising faster than average

Portland home prices rising faster than average

Portland-area home prices rose 15.5% in July compared to a year ago, and 1.9% since a month ago.

The gains, reported Tuesday by the data firm CoreLogic, outpaced the nationwide average. U.S. home prices were up 12.4 percent year over year and 1.8 percent.

Home prices have made record gains this year in their rebound from housing-crash lows. They've been boosted by a small supply of homes for sale, pent-up demand from buyers who waited out the crash and low mortgage rates.

Read more at OregonLive.com.