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Year-end home sales rose

The number of closed home sales in the Portland metro area jumped 14% in December, the highest monthly increase since June.

The number of closed home sales in the Portland metro area jumped 14% in December, the highest monthly increase since June.

The Regional Multiple Listing Service reported 1,462 sales.

Jim Homolka, president of RE/MAX Equity Group in Portland, believes interest rate swings may have convinced uncertain buyers to move. After hovering for weeks near historic lows, rates jumped for a short period in December back above 5 percent, only to subside again.

The temporary increase may have been a wakeup call to buyers that the outrageously low rates won't be around forever, Homolka said.

Read more at OregonLive.com.

{biztweet}portland home sales{/biztweet}

Last modified onMonday, 19 October 2015 11:39
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