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U.S. housing market cools, but prices in Oregon rise 19.5 percent.
Byline: Dylan Rivera
Sep. 6--New data on Tuesday affirmed that the nation's housing market has cooled after a several-year boom.
The same report affirmed that Northwest home prices outperformed the rest of the nation in second quarter of the year, as once-dominant California and East Coast markets receded from their previous feverish appreciation rates.
Oregon home prices increased 19.5 percent in the second quarter compared with the same quarter last year -- the fourth-highest appreciation rate of any state. Washington state had the sixth-highest rate, with 17.4 percent. Both beat the national appreciation rate of 10 percent.
The Bend-Redmond area showed 36.7 percent appreciation over a year ago, the highest appreciation rate of the 275 areas ranked in the report.
Even with such hot spots, the figures released by the Office of Federal Housing Enterprise Oversight, the agency that oversees the big…
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Source: HighBeam Research, U.S. housing market cools, but prices in Oregon rise 19.5 percent.
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