Portland-area home values up 7.7 percent

Portland-area home values increased 7.7% in 2012, according to real estate website Zillow.

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Portland-area home values increased 7.7% in 2012, according to real estate website Zillow.

Zillow warned that people shouldn’t expect the gains to continue at the pace seen in 2012.

“Buying a home should be a long-term decision, and these swings between a deep housing recession and higher-than-normal appreciation rates can give consumers whiplash and cause some to lose sight of that,” said Stan Humphries, Zillow’s chief economist.

Read more at OregonLive.com.

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