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Rising prices buoy Portland homeowners

Double-digit gains in home prices are rescuing local homeowners from the dreaded state of “negative equity. “Zillow, a Seattle-based residential real estate firm, reports that 22.3 percent of Portland area homes were underwater in the second quarter of 2013, down from 25.5 percent in the first quarter. The rate fell below 30 percent for the first time in late 2012, it said. Read More…

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