The Case Shiller Index for Portland continued to decline in April of 2009. The decline was not universal across the index, San Francisco, Seattle and Denver were among a few of the cities that posted increases. Las Vegas decline from the previous month was 4 points.
Portland’s index of 146.85 returns Portland housing values to June 2005 levels. The index was reset to 100 in January of 2000.
The decline can either be good or bad. Good for those who want to start an investment.