The numbers in the Portland, Oregon, housing point to a seller's market. Inventories are low and sales are still rising. The only problem is prices, which are gaining at a faster rate than both wage growth and historical norms. The big jump in home prices nationally last year put a chill on sales in the first half of this year. Those jumps have been moderating, but not to normal levels yet.
"The market here in Portland has a very positive attitude and outlook," said Brian Ramsay, a real estate agent with Hasson Company Realtors in Portland. "People are rebuilding again with confidence."