Housing Prices Continue to Fall

Forbes just released the 10 markets where prices are still falling... the Portland/Vancouver Metro area ranks 3rd; also Eugene falls behind at number 8 on the list. With the end of the tax credit it is easy to see that a smaller buyer pool and ever increasing inventory of bargain priced bank-owned (or REO) homes, prices will continue to drop in the next several months--especially in lower price ranges where a majority of first time home buyers were purchasing. For more the complete article visit realtor.org.