Portland has once again led the nation in home price increases in the most recent Case-Shiller report, and I wanted to explain why you should take this news with a bit of caution. Selling your home? Get a free Home Value Report Buying a home? Search all homes for sale We’re back with another economic report. Home prices are up yet again in Portland, but let’s take that news with just a bit of caution. In the latest Case-Shiller S&P report, Portland is once again the fastest-growing city for home prices. Let’s go back and look at what happened to the fastest-growing cities in 2007 like Las Vegas and Bend, right here in Oregon. This report shows that home prices went up 1.2% between June and July and had risen around the same rates for months leading up to that point. In August, though, we saw a slowdown in the rate of increase. The rate was about 0.4%, which is normally healthy, except for the fact that it happened in the summer when we usually want to see slightly bigger gains. “ Home prices aren’t rising as quickly as they have been. ” How does all of this affect you? Simply put, home prices are not going up as quickly as they once were. If you’re thinking about selling, it would be worth meeting with us to discuss whether now is the right time. In fact, a report from the MLS recently showed that home prices from went down 2% from August to September. It’s important to keep an eye on this market in the coming months, and if you have any questions, give us a call. We’d be happy to answer any questions you have!