Tuesday, May 26, 2009

Case Shiller: Portland Annual Decline Tops 15%, Increasing Monthly Decline Drops Ranking by 3 Spots.

National release is HERE.

In the updated monthly comparison for Portland I prepared HERE, the year to year decline continues to set records, reaching 15.3%.

The monthly decline also picked up from 1.9% in February to 2.1% in March; the Portland index is now down 20.8.% from it's record high of July 2007).

Portland's metro ranking for year to year change remained at 7th (best). However, Portland's accelerating rate of monthly decline dropped Portland's monthly change ranking from 8th to 11th

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