By Dr. Eric Fruits, EconInternational [5]
[6]
The S&P/Case-Shiller Home Price Indexes measure the residential housing market, tracking changes in the value of the residential real estate market in 20 metropolitan regions across the United States. The most recent data covers home sales through February 2009. In Portland, prices are down 14 percent from last year. Portland home values are down 19 percent from their peak in July 2007. Read more: “Portland and U.S. home prices continue their decline [7] “