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With an index of 147.68, Portlanfd area homes dropped 15.3 percent in value in March, according to the index, which is based on a 2000 levepof 100. Seattle home pricees have fallen 16.4 percent, according to the index. The 20-citu index shows home values fell 18.7 percenr over the prior The figures extend a trend that started inlate 2007. “Declinea in residential real estate continued at a steadt pacein March,” said David M. Blitzer, chairmajn of the Index Committee. “All 20 metro areass are still showing negative annual rates of changew in average home prices with nine of the metro areasd having recordannual declines.
” The top thred cities for falling values were Phoenix, down 36 Las Vegas, down 31.2 percent, and San down 30.1 percent. The marketw feeling the least paininclude Denver, down 5.5 Dallas, down 5.6 percent, and Boston, down 8 percent. New York remainedd the best marketfor long-term With an index of 173.35, homes are down 11.8 percent from a year ago, but a $100,000o investment in 2000 is now worthu $173,350.
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