Tuesday, May 27, 2008

Case-Shiller Preview

From the Oregonian:

Portland-area prices for existing homes dipped further in March, registering a 4 percent year-over-year decline, according to the Case-Shiller index.
The report shows Portland's home prices continue to follow a declining trend that
started last summer. The Case-Shiller index falls in line with local figures on new and existing homes from the Regional Multiple Listing Service. The service reported a 3.5 percent year-over-year decline in April.
But the Portland area continues to have one of the country's most stable housing markets. Of the 20 biggest metro areas, Portland had the third best showing in March behind Charlotte and Dallas in the Case-Shiller index. Charlotte was the only region not to report a year-over-year decline. Seattle trailed Portland with a 4.4
percent decline.

I'll add my regular Case-Shiller post tonight...