Let's all take a short trip back in time to February 17th, 2009 when Clint posted the RMLS report for January 2009. At that point, home prices had fallen 17.2% from their peak in August 2007.
Year over year from January 2008-2009, home prices fell 10.7% in the Portland area.
Here we are in February 2010, and before too long, Clint will be posting the January 2009-2010 price change. One can find a dozen examples in the main stream media of so called "experts" extrapolating as to why this is the bottom and now is the time to buy, or many others espousing that this is just the eye of the storm, and we in Oregon have much further to fall until reality is reached.
What is your best guess for the January 2009 - January 2010 price change in the RMLS data?
What say ye Portland?
Monday, February 8, 2010
Posted by MontyB503 at 7:42 PM