Tuesday, January 11, 2011

Core Logic: Oregon Home Price Depreciation Now Flirting With 10% When Measured Year Over Year

Just the facts and a few quotes via the latest HPI from Core Logic:

"Including distressed sales, the five states with the greatest depreciation were: Idaho (-13.56 percent), Alabama (-11.18 percent), Arizona (-10.38 percent), Oregon (-9.26 percent) and Mississippi (-8.37 percent)."

"“We’re continuing to see the influence of seasonal declines that typically depress home prices during the latter part of the year, but the fact that the rate of decline increased for November is indicative of the uphill battle we’re facing with the housing recovery,” said Mark Fleming, chief economist for CoreLogic."

It seems college football isn't the only category in which Oregon manages to make the nation's top five list of important things to watch...