Friday, February 1, 2008

Portland Housing Prices: Update

Here are the latest Case-Shiller Data for Portland (first column) and for all 20 metro areas they track (second column). You can see the housing market tanking heavily across all 20 markets, and still going down in Portland but not nearly to the degree it is on average across the 20. So the good news is that we are not loosing value very fast at all (in relative terms), and what loss there is could all be seasonal, but bad news is that depreciation seems to be accelerating and it could portend rocky times ahead. But, with the fed acting strongly, and a fiscal stimulus package on the way, there hope that we may bottom out soon and thus Portland may well miss the brunt of the effects of the popping housing bubble.

1 comment:

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