The latest Case/Shiller home price index just came out this morning and home price appreciation in the NW is slowing down. Even with the market cooling prices are still going up faster than inflation.
In Portland prices rose 0.7% in March 2019 and are up 2.6% over last March.
Home loan interest rates dropped considerably and are currently right at 4% for a 30 year fixed rate. These low rates contribute to continued appreciation.