The New York Times’ Floyd Norris here groups our city in the “No Disaster Yet” category. He cites the S.&P. Case-Shiller house price index from November (data just out), which places us here in declining home values:Portland, -13 percentCleveland, -13 percentNew York, -13 percentSeattle, -14 percentAtlanta, -15 percentBoston, -15 percentChicago, -16 percentIn best shape, Norris reports, is Dallas (down only 6 percent). The worst? Phoenix, down 43 percent. And these numbers are about two months old. Things could be even worse, for all of us, as you read this. But for local homeowners, of course, what galls is that Portland is still beating us by that one percentage point. Maybe it’s because they still have an NBA team.
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