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http://www.jambase.com/Articles/Story.aspx?StoryID=13546

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Portland was one of only three U.S. markets where home prices increased in the latest quarter, according to new data from Standard & Poor’s. Only Charlotte, N.C., Portland and Seattle showed year-over-year increases in prices. Charlotte’s growth was the biggest, at 2.3 percent, followed by Portland at 1.2 percent and Seattle at 0.5 percent

 http://www.bizjournals.com/portland/stories/2008/02/25/daily16.html