Portland Home Prices Soar in May, Defying Steep Rise in Mortgage RatesPortland Home Prices Soar in May, Defying Steep Rise in Mortgage Rates

Home prices in Portland jumped 11.7% to a median of $575,000 in May, up from $515,000 a year ago, according to RMLS, as tight supply offset rising interest rates, which tend to cool real estate markets by making monthly payments higher.

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