Case Shiller released their most current index numbers today. We like this index because it reflects the value change of actual homes. CS compares a home's recent sales price to the it's previous purchase price. Based on this information, the Portland area logged an annual decline of 10% over the past one year period and a 8.4 % decline over a two year period.
This is the tenth month in a row that the index value for Portland has gone down. Real Estate values in Portland are now equivalent to February 2006 levels.
As tough as these numbers sound, nationally the one year decline was a whopping 19%.
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