The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
Build Your Legacy with HFO.
Tuesday, January 31, 2012
Home Prices Fall Again in Portland
Mirroring widespread weakness in the housing market, the S&P Case-Shiller index reported home prices in Portland fell by 1.6 percent in November, 4.8 percent lower than November 2010.
A turning point is not seen as close at hand according to a Case-Shiller spokesman.
Meanwhile, another barometer of housing market health, the local Regional Multiple Listing Service reported that the Portland area median home price in November fell 3.4 percent year-over-year and December prices showed a year-over-year drop of 6.2 percent.