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Last year I reported on a
According to the Oregonian’s December 3rd article (“Home Prices Have a Bit More to Fall”), Mr. Johnson is back with a revised prediction. He now predicts that the median home price will continue to fall and hit bottom at about $230,000. That’s about 6% below October’s median of $245,000. Johnson thinks that the amount that we have left to fall will “wash through the market quickly” in 2010.
He said that he had to correct his prediction because of
Click here for the online version of the article: “Portland Area Housing Prices Still Looking for a Bottom”