Hearing the news today that real estate values have receded in all major metro markets month to month is not a shock.  The economy is obviously finding it's way through turbulent times right now.  The silver lining of this data is amazing opportunity to turn back the clock on Portland real estate, and purchase a new home at a major discount!  There is no good reason to wait.  FHA loan rates are awesome, so jump on this opportunity while it lasts!