Portland Less Vulnerable Thanks to Lower Foreclosure and Mortgage Delinquency Rates.

by CD on October 23, 2009 · 0 comments

concriskmapthumb1The Wall Street Journal published it’s quarterly survery of housing market data in 28 major markets yesterday. The report includes data that suggests Portland homeowners are relatively better off than homeowners in a lot of other places. Experts expect mortgage-lenders to soon get more serious about liquidating foreclosed and delinquent properties, bad news for all homeowners in a market. Supply goes up; price goes down. That liquidation process shouldn’t produce a significant negative impact round here, however; because Portland’s foreclosure and delinquency rates are relatively low. You can read the Journal quarterly housing data report here.

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