Oregon Economic Forecast: Housing Price Indices for US and Oregon Have Different Short Term and Longer Term Results.

Yesterday, Oregon released it's latest economic forecast; related materials can be found HERE.  From the quarterly other indicators Excel workbook, I extracted values for 4th quarter home price indices for Oregon and the US.

Trajectory of Projected Home Price Indices are DIFFERENT for Oregon than for US. 

The graph below shows DIFFERENT results for Oregon vs the US: 

• For Oregon the index price from 4th quarter CY 2010 to 2011 is expected to increase, but the US price index is expected to decrease. 
• Longer term, for Oregon the 4th quarter 2015 price index is projected to be still 6.4% BELOW the 4th quarter CY 2007 level, but for US the price index is expected to rebound to .5% HIGHER than the CY 2007 4th quarter level.

Click to Enlarge

Originally created and posted on the Oregon Housing Blog.