Portland, Seattle Take 2016 with Highest Home Value, Rent Appreciation

Home values hit their stride in December, clocking in at the fastest annual pace of 2016 at 6.8 percent, according to the December Zillow Real Estate Market Reports. Portland, Ore., home values hung onto the top spot, appreciating 13.8 percent year-over-year.
“Home values ended 2016 growing at their fastest pace of the year, which could be an indication of what to expect in 2017,” says Zillow Chief Economist Dr. Svenja Gudell. “Lack of inventory will remain a major concern