Portland Metro Region Foreclosure Rates Continue Decline

Dated: October 14 2015

Views: 495

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 25+ years in the industry, Mark has gained experience in....

Latest Blog Posts

6 Home Upgrades Buyers Want In The COVID19 Era

If you imagined 2020 was the year you would finally list your house for sale, you may have hit the brakes on those plans when the coronavirus pandemic arrived.But now, we’re more than six months

Read More

Builder Confidence Breaks Previous 35 Year Record High

The National Association of Home Builders and Wells Fargo Housing Market Index rose two points to 85 in October – the highest score the series has ever recorded since its inception 35 years ago

Read More

7 Simple Renovations To Coronavirus Proof Your Home

As much as we all wish we could go back to a time when social distancing was a foreign concept and masks were just something you wore with a Halloween costume, it’s clear by now that COVID-19’

Read More

The Forbearance Crash Bros Spoke Too Soon

The health and economic crisis has made 2020 a horrific year for many Americans. Added to all that misery we had terrible fires in the West and hurricanes in the East.  From my perspective,

Read More