Portland home prices up 9.4 percent. Will that continue?

Troubled Assets

?????????????????????????????????????????????????????????????????????????????????????????????Portland home prices were 9.4% higher this February than they were last February, according to the Case-Shiller Price Index. This is certainly great news to homeowners in the Portland metro area, but will it continue? Based off of what I see of buyers in the market place (both my buyers and other buyers), I am fairly confident we will see this trend continue over the next 12-18 months, and possibly over the next few years, but we have to be careful not to expect this trend to continue indefinitely. I caution my investors to buy based off of fundamentals first and appreciation second.

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