Tuesday, June 30, 2009

Portland Home Values Down Again

The April Case-Shiller numbers are out and Portland's home values dropped 0.6% since March and 16% since last year at this time. The Wall Street Journal has a nice summary. I think the employment situation is really starting to hit the housing market which counters the low mortgage prices and the incentive programs. However, anecdotally, I haven't seen a huge difference in close-in neighborhoods in terms of homes for sale or length of days on market, so my impression is that this is still largely a suburban phenomenon.

1 comment:

victor said...

thanks for giving this information ,,


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victor
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