The May Case-Shiller numbers are out and the news is good for Portland. Portland saw a month over month and a year over year increase in home values. This picture above, of the seasonally adjusted C-S numbers shows the plunge and subsequent bumping along the bottom.
Here is another graph of the month-to-month percentage change in seasonally adjusted C-S numbers.
Way too early to say we are starting to see sustained appreciation but things are starting to look like we might start to see housing make a modest comeback this year.