According to CoreLogic, a Santa Ana, Calif., data firm, the Portland-Vancouver-Hillsboro foreclosure rate fell to 2.5 percent in April from 2.52 percent in the same month a year earlier. The rate measures the percentage of mortgaged homes in any stage of the foreclosure process.
The Portland-area rate is influenced by lower foreclosure rates in Clark County. Foreclosure rates were higher in east Portland and Gresham, western Washington County and Clackamas County.
Read more in today's Oregonian.