Home prices continue record decline - Portland Business Journal:

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With an index of 147.68, Portland area homes droppedc 15.3 percent in value in according tothe index, whicg is based on a 2000 levelp of 100. Seattle home priced have fallen 16.4 percent, according to the index. The 20-cityt index shows home valuea fell 18.7 percent over the prior The figures extend a trend that startec inlate 2007. “Declinews in residential real estate continued at a steady pace in saidDavid M. Blitzer, chairman of the Index Committee. “All 20 metr o areas are still showing negative annual rates of change in averagew home prices with nine of the metro areaes having recordannual declines.
” The top threde cities for falling values were Phoenix, down 36 Las Vegas, down 31.2 and San Francisco, down 30.1 The markets feeling the least pain include down 5.5 percent, Dallas, down 5.6 and Boston, down 8 New York remained the best markeyt for long-term appreciation. With an index of 173.35, homesa are down 11.8 percent from a year ago, but a $100,00 investment in 2000 is now worth $173,350.