Brookings MetroMonitor Shows Portland Economy Under Performing Relative to 100 Metro Area Average.

Brookings MetroMonitor compares metropolitan performance for 100 largest metro areas on a quarterly basis in areas like employment/unemployment, changes in domestic product, housing prices, and REO.

Portland metro profile is HERE and table pasted below, you will see that Portland is under performing the average for metro areas in ALL metrics, except for the metric "REOs per 1,000 mortgageable properties".

Employment	Portland	Rank*	100-metro average	U.S. average
Change in employment from peak (2008Q1)	-5.9 %	70	-4.3 %	-4.6 %
One-quarter change in employment	-0.9 %	81	-0.5 %	-0.5 %
Unemployment
Unemployment rate	10.7 %	73	9.6 %	9.5 %
One-year percentage point change in unemployment rate	5.0 points	90	3.6 points	3.5 points
Gross metropolitan product (GMP)
Change in GMP from peak (2008Q2)	-5.5 %	84	-2.4%	-2.5%
One-quarter change in GMP	-0.1 %	93	0.8%	0.8 %
Housing prices
One-year change in housing prices	-6.0 %	79	-3.0 %	-1.3 %
Real estate owned properties (REOs)
REOs per 1,000 mortgageable properties	2.89	58	4.32	3.51
One-quarter change in REOs per 1,000 mortgageable properties	0.57	91	0.17	0.20

Originally created and posted on the Oregon Housing Blog.