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All the latest events, awards, or other news from your local Realtor® Association! Media inquiries may be directed to PMAR Chief Executive Officer Kathy Querin at 503-459-2161.


Tuesday, September 9, 2008
Portland in Top Ten Cities Where Home Prices Likely to Rise

To determine where home prices are expected to rise most in the next couple of years, Forbes.com looked at projections for housing starts from the National Association of Home Builders and job-growth projections from Moodys Economy.com.

Forbes identified cities that are likely to be vibrant markets because jobs are increasing and the housing market wasnt overbuilt during the boom.

"The logic is pretty straightforward," says Mark Zandi, chief economist at Moody's Economy.com. "People will spend as much on housing as their income will allow them. House prices are very closely tied to household income over the long run when you look at business cycles."

According to Forbes, these are the 10 cities where home prices are most likely to rise:

-Atlanta 
-Minneapolis 
-Colorado Springs, Colo. 
-Salt Lake City, Utah 
-Austin, Texas 
-Portland, Ore. 
-San Antonio, Texas 
-Charlotte, N.C. 
-Albuquerque, N.M. 
        
-Oklahoma City