Wednesday, February 27, 2008

Oregon foreclosures almost double

Realytrac just released their monthly report on foreclosures, and the numbers for Oregon are getting worse.

Foreclosure filings are up over 28% from December 2007, and are up 96% year over year in January.

Unfortunately they don't break out Portland numbers, but my gut says that Portland is doing better than some less expensive areas.


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6 comments:

Perplexed said...

This is one of the more interesting websites on foreclosures and pre-forclosures: http://www.foreclosure.com/search/OR_051.html

They provide data by county. It provides a graphic map, most problem mortgages seem to be in low income neighborhoods or areas recently developed.

I accidentally found the back door to a website that provides information about the % equity a delinquent homeowner has in the house. Obviously not intended for the consumer, but it may be available to Realtors. What a negotiating bonanza! Won't link to it because they might slam the door.

PDXOutsider said...
This comment has been removed by the author.
Anonymous said...

Wow, that map illustrates the worst use of data I've ever seen. California and Florida are probably darkest at the best of times, due to population.

PDXOutsider said...

you're right, i hadn't noticed that. they have the data that shows foreclosures as a % of population, i'm not sure why they didn't show it.

bearlee said...

Iowa ranks number 9 in the country in foreclosures. Talk about cheap housing. It's all relative;O)

PS I can get a house in my old hood for 30K, cosmetic fixer!

Perplexed said...

I think foreclosures.com is interested in selling info on foreclosures for people who want to buy them, not predicting or evaluating the real estate market.

What was interesting to me was the distribution of foreclosures and notices of deficiency in the community. Ignore the tax section as it captures older home owners taking advantage of property tax deferrals.