Correction: Harvard Housing Report Says Low Price Homes Declined More than High Price Homes, But Portland Best of Metro Areas Listed.

Correction: Cleaned up % decline shown in text bullets to match data in table
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WSJ has picked up HERE on one of the tables in the Harvard Joint Center State of the Nation's Housing Report for 2011. 

Table shows that from their peaks since 2000, low price homes have declined MORE in price than high price homes in 16 metro areas. (High price homes are those in top third of prices, low price homes are those in lowest third of prices).

I went back and calculated the ratio of low price vs high price decline and as table pasted below shows the ratio of low price home price decline vs high price home price decline was LOWEST in the Portland metro area amongst the 16 metro areas listed.  

1. Portland's low price home decline from the peak was 27.9% vs a decline of 25% for high priced homes; this means that low price homes declined only 12% more than high price homes.
2. I calculate the non weighted average ratio for these 16 metro areas at 72%; ratios for select metro areas: 

• In Seattle low price home sales prices declined 31% more than high price home sales prices.
• In Phoenix low price home sales prices declined 41% more than high price home sales prices.
• In Minneapolis low price home sales prices declined 67% more than high price home sales prices.
• In Denver low price home sales prices declined 91% more than high price home sales prices.

 Originally created and posted on the Oregon Housing Blog.