Home Prices Plunging, But is Portland Still Going Strong?

According to The Oregonian, Standard and Poor’s index is showing that there has been an 11 month straight decline in housing prices for 10 metropolitan areas in the US. November had the biggest drop, coming in at a 7.7 percent fall. But good news for us Portlanders, we were one of the two cities in the US still coming out positive, along with Charlotte North Carolina. Now we shouldn’t get all crazy just yet. According to David Blitzer, S&P’s managing director, feels that we too will feel the hit and take a dive in the next few months. I disagree. I am hopeful, that the great weather will arrive with some reasonable prices, and we will still have a flourishing market. Check out this article to see for yourself.

[image by misternaxal, flickr]