Oregon Public Broadcasting

A small rebound in Oregon's house prices appears to be fading. That's according to a study released Tuesday from the Case Schiller Housing Index. The last time there was a boom and bust in Oregon real estate was in the early 1990's. Prices dropped, rebounded a little - in what's known as a dead-cat bounce - and then stagnated for about three years.David Blitzer of Standard & Poor's says that appears to be what's happening now, except that the boom and the bust were a lot larger this time - and the stagnant period may be, too."We've got too many houses for sale and not enough people out looking for them, not only in Portland but most of the country," he said.

House prices in Portland have fallen about 4 percent over the last year.

Considering recent figures, that's relatively stable - especially when compared with cities like Las Vegas. Prices there dropped 17 percent.