Home Must Reads Portland homeowners $9.5B under water

Portland homeowners $9.5B under water

| Print |  Email
Must Reads
Thursday, May 24, 2012

Over one-third of Portland homeowners were underwater on their mortgage in the year's first quarter.

Zillow, a Seattle-based real estate listings website, will report Thursday that 34.3 percent of Portland-area homeowners owe more on their mortgage than their home is worth. In aggregate, the firm estimates, they are upside-down to the tune of $9.5 billion.

Underwater borrowers are at greater risk of foreclosure because when their finances suddenly change -- a lost job or medical emergency, say -- they can't simply sell their house to pay off the loan.

Read more at OregonLive.com.

{biztweet}portland mortgage{/biztweet}

 

More Articles

Constant Contact

October 2014
Thursday, September 25, 2014
BY AMY MILSHTEIN

To prevent burnout, companies are banning email and after-hours communications. But is the 24-hour workday here to stay?


Read more...

College Hacker

September 2014
Wednesday, August 27, 2014
BY KLINT FINLEY

Treehouse CEO Ryan Carson builds a 21st-century trade school.


Read more...

Powerlist: Law Firms

October 2014
Thursday, September 25, 2014
BY KIM MOORE

A conversation with leading partners at law firms in Portland and eastern Oregon, followed by October's powerlist.


Read more...

Knight Vision

October 2014
Thursday, September 25, 2014
BY VIVIAN MCINERNY

Travis Knight wants to release a movie a year. Can he pull it off?


Read more...

College Conundrum

October 2014
Thursday, September 25, 2014
BY KIM MOORE

University and college tuition fees have been rising for more than a decade, while state funds for higher education have steadily declined.


Read more...

Startup or Grow Up?

September 2014
Tuesday, August 26, 2014
BY JON BELL

Startup culture is all the rage. Is there a downside?


Read more...

Report Card

September 2014
Tuesday, August 26, 2014

Strong public schools shore up the economy, survey respondents say. But local schools demonstrate lackluster performance.


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