Home prices set new low

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Tuesday, May 29, 2012

Portland home prices fell only half a percent in March, but the decline set a new post-crisis low.

The Standard & Poor's Case-Shiller home price index released Tuesday showed prices virtually unchanged in March, but still 2.6 percent lower than a year earlier in the 20 major cities surveyed.

In the Portland area, prices fell half a percent to a level 2.8 percent lower than the same month a year ago. Portland is among five cities that set a new post-crisis low in March.

Read more at OregonLive.com.

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