Northwest Home Prices Lagging Behind Rest of Nation

Portland, OregonU.S. home prices rose slightly in October but the Pacific Northwest is trailing the rest of the nation.

Lender Processing Services Inc., a Jacksonville, Fla.-based real estate research firm, said its index of U.S. home values rose slightly in October, but both Oregon and Washington saw price declines steep enough to rank among the worst in the nation. Overall, the U.S. index rose 0.3 percent to $206,000.

Oregon tied for fourth-worst in the nation with a drop of 0.1 percent, to $234,000. Washington was second worst with an 0.3 percent drop, after Alaska and Wisconsin, which tied for first with an 0.4 percent drop.

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Authored By Wendy Culverwell – See the Full Story at BizJournals.com

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