Portland Metro Region Foreclosure Rates Continue Decline

Dated: October 14 2015

Views: 525

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.


Portland's foreclosure rate was down in July compared to a year earlier, according to the latest data from CoreLogic.Enlarge

Portland's foreclosure rate was down in July compared to a year earlier, according to the… more



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.


Source

Blog author image

Mark Ross

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 30 years in the industry, Mark has gained experience in ....

Latest Blog Posts

10 Ways To Save On A Kitchen Remodel

A kitchen remodel is among the most popular renovation projects for homeowners, but it can quickly become the most expensive. According to HomeAdvisor, the average kitchen remodel costs $25,656, or

Read More

6 Mortgage Tips For Single Homebuyers With Children

If you’re a single parent, it’s arguably more challenging to buy a home than for those in a partnership with dual incomes. Yet it’s easy to see why so many single parents are eager to purchase

Read More

How To Deal With Unsolicited Offers

If you’re one of those lucky people who own a home in a “hot” area, it’s a pretty sweet feeling. You made a good real estate call. If you decide to sell, all signs point to it being an easy

Read More

Homebuying And Mortgage Guide For Singles

Many people might picture homeownership as an event that happens only after two people get married and start a financial partnership. Some mortgages are still structured to reflect that idea. But

Read More