Portland home prices rise for six months straight

Portland home prices rise for six months straight

Home prices rose in the Portland area in September, marking six months of gains.

Portland metro home prices rose 0.21 percent for the month, according to the Standard & Poor’s/Case Shiller home price index released Tuesday. Compared with a year earlier, area home were up 3.7 percent.

“With six months of consistently rising home prices, it is safe to say that we are now in the midst of a recovery in the housing market,” said David Blitzer, chairman of S&P’s index committee.

Read more at OregonLive.com.

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