Portland has returned to the National Association of Home Builders list of improving markets, joining 75 other metro areas added to the list this month after Freddie Mac released new pricing data.
The index includes cities that have shown six month of improving employment, new home construction and home prices. It now includes 201 metros.
Portland has had an on-again, off-again relationship with the improving markets index thanks to shaky home prices reported by the government-sponsored mortgage buyer Freddie Mac. The index now shows home prices reached their low point in January, and have since rebounded 9.6 percent.
Portland and Corvallis are the only two Oregon markets to appear on the list this month, though Bend has appeared previously.
The group uses employment data from the U.S. Bureau of Labor Statistics, permit data from the U.S. Census Bureau and a home price index published by Freddie Mac. That pricing index is reported on a quarterly delay, so the most recent pricing information is from September.
Elliot Njus, The Oregonian December 06, 2012