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Portland Metro Region Foreclosure Rates Continue Decline
Dated: October 14 2015
Continuing an ongoing trend in the metro region, foreclosure rates in the Portland area decreased in July compared to the same period last year.
According to the real estate information firm CoreLogic, the rate of Portland-Vancouver-Hillsboro area foreclosures among outstanding mortgage loans was 1.09 percent for July 2015, a drop of about half a percentage point compared with the same month last year. In July 2014, the rate was 1.62 percent.
Overall foreclosure activity in region was also lower than the national foreclosure rate, which was 1.26 percent for July 2015, according to CoreLogic.
In addition to the foreclosure data, CoreLogic also reported that the mortgage delinquency rate decreased in the region as well. Data for July 2015 showed that just over 2.5 percent of mortgage loans were 90 days or more delinquent compared with about 3.5 percent for the same period last year, representing a decrease of 0.90 percentage points.
For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....
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