Home Prices Down, But U.S. Decline Slows

Portland and national home prices remain down, but the national pace of decline has slowed down. This is according to this morning's Case-Shiller report.

Portland home prices are down 14.4% for the period spanning February 2008 to February 2009. The previous report showed Portland home prices down 14 percent. Meanwhile, U.S. home prices are down 18.6 percent during this time period, a slight improvement from the previous record setting decline of 19 percent.

Here are the average price declines listed from best to worst:

Rate = City

-4.5% = Dallas
-5.7% = Denver
-7.2% = Boston
-8.5% = Cleveland
-9.4% = Charlotte
-10.2% = New York
-14.4% = Portland
-15.3% = Atlanta
-15.4% = Seattle
-17.6% = Chicago
-19.2% = Washington, D.C.
-20.3% = Minneapolis
-22.9% = San Diego
-23.0% = Tampa
-23.6% = Detroit
-24.1% = Los Angeles
-29.5% = Miami
-31.0% = San Francisco
-31.7% = Las Vegas
-35.2% = Phoenix