Tuesday, September 28, 2010

Portland Home Values Continue to Suffer From Unemployment Drag

The latest Case-Shiller numbers (for July) are out and Portland's home values lost a little ground from June and overall are down more than a percentage point from this time last year.  Not dramatic (and about what I had expected - I had anticipated a 2010 where we ended up essentially the same place we started) and also not surprising given our continuing difficulties with unemployment.

Anyway, once again I punt the ball to the Wall Street Journal (who actually get paid for reporting this stuff):


Home Prices, by Metro Area

Metro Area   July 2010   Change from June   Year-over-year change   
Atlanta109.920.2%-0.2%
Boston158.830.6%2.8%
Charlotte117.03-0.2%-3.5%
Chicago126.171.0%-1.7%
Cleveland107.310.0%-0.6%
Dallas120.75-0.3%-0.4%
Denver128.72-0.4%-0.1%
Detroit71.171.6%1.3%
Las Vegas100.91-0.8%-4.9%
Los Angeles176.270.3%7.5%
Miami147.880.7%0.4%
Minneapolis127.010.8%6.4%
New York174.91.3%0.6%
Phoenix110.3-0.6%3.4%
Portland148.33-0.3%-1.2%
San Diego165.020.7%9.3%
San Francisco143.230.5%11.2%
Seattle147.040.1%-1.6%
Tampa138.24-0.2%-3.2%
Washington187.981.1%6.5%
Source: Standard & Poor’s and FiservData

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