The widely watched Case-Shiller home price index published monthly by Standard & Poor’s was released today for the month ending May 2011.  There is always a two-month lag time for the data in this report.  The index for the Portland Oregon metro area was measured to be 134.5 at the end of May, which means that the average price for a home in this area is up 34.5% from the...Read the rest of this entry »