Okay, so I try to take a week off and something always happens, in this case the Case-Shiller September numbers. So here are two snapshots. The first is the raw data showing an ever so slight increase in the 20 city composite and in Seattle, but a every so slight drop in Portland (12% unemployment anyone?).
![](http://1.bp.blogspot.com/_M1nrFzOhiWo/SwxWUs_oQTI/AAAAAAAAC3A/AOZOAUrzFoo/s280/cssept.jpg)
The second is the year-over-year change in the monthly numbers, and here we see the trend is still improving but weakening...
![](http://3.bp.blogspot.com/_M1nrFzOhiWo/SwxWRBNIUfI/AAAAAAAAC24/nm4yffGDi-M/s280/csseptpercent.jpg)
This is consistent with what I expect from the unemployment situation and
what I talked about on OPB.
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