Many Oregon mortgages underwater

| Print |  Email
Must Reads
Friday, March 02, 2012

Almost one in five Oregon homeowners owe more on the loan than their home is worth.

Falling home values after the housing bubble left more than 11 million American homeowners "underwater" on their loans. Most bought their home near the height of the bubble only to see its value plummet.
In the Portland area, 19.6 percent of homes were underwater in the fourth quarter of 2011, representing an increase of 10,000 homes from the previous three months. In all, the firm says, more than 93,000 Portland-area homeowners posted
negative equity in their home for the quarter, and another 29,000 -- 6 percent -- were near negative equity.
Statewide, 131,000 homeowners are underwater, representing 18.7 percent of all mortgages. Another 6.3 were close to slipping underwater.

Read more at OregonLive.com.

{biztweet}oregon mortgage{/biztweet}

 

More Articles

100 Best Green Workplaces in Oregon

June 2015
Friday, May 22, 2015
BY KIM MOORE

As momentum grows at the state level to introduce far-reaching environmental regulations, such as carbon pricing and the Clean Fuels Program, Oregon employers continue to go the extra mile to create green workplaces for their employees.


Read more...

It's a Man's Man's Man's World

May 2015
Friday, April 24, 2015
BY AMY MILSHTEIN

Male tech workers speak out on the industry's gender troubles.


Read more...

An uncertain future

Guest Blog
Thursday, May 21, 2015
norristhumbBY JASON NORRIS | GUEST BLOGGER

Uncertainty is a part of doing business, whether in through the lens of investment opportunities and risks or the business of running an enterprise.


Read more...

Hall of Flame

June 2015
Friday, May 22, 2015
BY JACOB PALMER

A Power Lunch at Oswego Grill.


Read more...

The Green Paradox

June 2015
Friday, May 22, 2015
BY EMILY LIEDEL

Inside the topsy-turvy world of corporate sustainability rankings.


Read more...

5 questions for Flywheel CEO Rakesh Mathur

The Latest
Wednesday, April 29, 2015
FW splashBY JACOB PALMER | DIGITAL NEWS EDITOR

Portland is awash in rideshare options. We ask the head of Flywheel what sets his app apart.


Read more...

Biker dreams

The Latest
Friday, May 15, 2015
bike at ater wynn-thumbBY KIM MOORE | RESEARCH EDITOR

The Portland Bureau of Transportation is seeking input from businesses on a $5.5 million initiative to create a network of biking, transit and pedestrian trails within Portland’s central city.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS