The new Case-Shiller data for March 2011 PR is out HERE. From the national release:
...19 of the 20 MSAs covered by S&P/Case-Shiller Home Price Indices and both monthly composites were down compared to March 2010. Twelve of the 20 MSAs and the 20-City Composite also posted new index lows in March. With an index value of 138.16, the 20-City Composite fell below its earlier reported April 2009 low of 139.26. Minneapolis posted a double-digit 10.0% annual decline, the first market to be back in this territory since March 2010 when Las Vegas was down 12.0%..
I have pasted below the Portland data for the last 13 months.
Also pasted below is a comparison of Portland Case-Shiller index with the change in the Dow Jones Industrial Average for the last 10 years and since October of 2004, when the Portland Case-Shiller index was about where it is as of March 2011.
- The Portland Case-Shiller index actually out performed the DJIA over a 10 year period.
- However, the Portland Case-Shiller index substantially under performs the DJIA comparing October 2004 to March 2011.
- Timing is everything:)
Originally created and posted on the Oregon Housing Blog.