Archive for the ‘Case Shiller Index’ Category:

We spent last week in Washington DC at the Prudential Real Estate Summut Conference.  Most introductions start something like this.  “Hi, I’m Charles from Portland.”  “How’s the Portland Market?”  The Case Shiller housing market data for July 2010 was released this morning a the Portland real estate market remains largely flat, dropping four tenths of a point.  Flat is a good thing.  Stability is the first step to recovery (jobs is probably the largest hurdle).  The current level of 148.33 is the same as July 2005.  We can only use that as a baseline as even within neighborhoods, different areas have fared better or worse than others and the Case Shiller Index is based on the seven county MSA; a good comparison against the national market but not on a hyper-local examination. (more…)

In what seems like a sea of bad real estate and economic news, the Case Shiller Index reports for the third consecutive month slight increases in the Portland real estate market, mirroring the national indexes.  The report, which lags 60 days and uses the seven county Portland MSA to define “Portland,” shows that housing prices are at  June 2005 levels.  Pricing has been essentially flat since February 2009, never dropping below 146 or hitting 151.  The current 148.73  shows signs that pricing is holding its ground. (more…)

The Portland real estate market ranks sixth of the 20 cities tracked by Case Case  Shiller report that came out this morning for May.  It may be surprising to many but the 147.98 (up from 146.25 in April) lags behind only five cities since 2000 when the Index was set to 100 across all 20 cities.  A dollar invested in the Washington DC real estate market would be worth $1.82 or $.69 in Detroit according to the Index compared to Portland’s $1.47.  The current Portland index is close to June 2005 and May 2009 pricing. (more…)

Case Shiller for April 2010 came out this morning and Portland saw a bump up from March.  The current report puts Portland real estate prices at 146.25.  That’s up 46.25 points from when the index was reset to 100 in January of 2000 but down 40.26 from the July 2007 peak.  It also stops a two month slide.  The index is at May/June 2005 levels. (more…)

The Case Shiller Index for Portland remained flat in March 2010.  The Index for Portland is 143.61, down .08 from February.  Seasonally adjusted, the Index was up .16.  The Index is at the same level as April/May 2005.

Since March of 2009, the Portland Index has dropped from 147.68 to 143.61.  The National 20 Composite climbed from 140.60 to 143.35 during the same period .  The Composite 20 Index peaked at 206 in July 2006.  The  Portland Index peaked at 186 in July 2007.  According to this month’s Case Shiller report: (more…)

The January 2010 Case Shiller report came out this morning.  Nineteen of the 20 real estate markets tracked lost ground compared with the previous month.  San Diego was the only market in positive territory.  The Portland market dropped to 143.69, down from 147. 29 in December.  Case Shiller reports come out the last Tuesday of each month with a 90 day lag.  The August 30th report will report May which will be the first month without the Home Buyer Credit. (more…)

The Case Shiller Index for January 2010 in Portland is 147.29.  That’s a drop from December of 1.8% and a 12 month decline of 4.9%.  The current index is about the same as May/June 2005.  That’s in contrast to the 10 City Composite and 20 City Composite indices which have both returned to “autumn 2003 levels.”  Portland reported and index of 120.49 in September 2003. (more…)

When we talk about the Standard and Poor’s Case Shiller Index we are most often talking about the National index (there are 10 and 20 city composite indices) or the Portland index from the Home Price Value report (as I wrote yesterday).  Case Shiller also publishes a more targeted report which breaks each reported MSA into three tiers: (more…)

The monthly Case Shiller report (what is Case Shiller?)was released yesterday for December 2009.  Standard and Poor’s website was having server problems yesterday and the report was unavailable for some of the day.  Portland’s real estate market ended the year flat with a slight drop to 149.95 from November’s 150.38.  The questions we can’t quite answer are 1) are we looking at the bottom in April/May and 2) is Portland starting to trend with the national market?  It has oft been said, accurately, that Portland lags about a year behind the national market. (more…)

The Case Shiller real estate report was released this morning for November 2009. Overall, results were mixed with relatively small gains and losses nationally. Portland’s Case Shiller Index is now 150.38, up half a point from October’s 149.88. Only five of the twenty tracked markets saw gains. Four cities hit new lows in the last four years of reporting. Portland’s low was 146.85 in April. Portland’s current index puts prices at July 2005 levels. (more…)