- Associated Press - Thursday, November 26, 2015

BEND, Ore. (AP) - Federal data show the Bend and Portland areas saw some of the nation’s steepest increases in home prices over the past 12 months.

In the third quarter of 2015, Bend had the eighth-highest level of house-price appreciation compared with the same quarter last year. The Portland area ranked 14th.

On a statewide basis, Oregon ranked fourth in the nation with a 10 percent increase in home prices.

That’s according to Federal Housing Finance Agency data released on Wednesday.

House prices in the Bend-Redmond area rose more than 13 percent. Prices grew nearly 12 percent in the five-county Portland-Vancouver-Hillsboro metro area.

The Bend Bulletin reports (https://bit.ly/1NeDLQj ) that the Bend area typically ranks higher nationally in the third quarter, which includes the summer months.

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Information from: The Bulletin, https://www.bendbulletin.com

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