Foreclosures jump statewide

Foreclosures jump statewide

The foreclosure rate in the Portland area and across the country fell slightly in April compared with a year earlier, but jumped in Oregon as a whole.

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.


+1 #1 SpartaGuest 2012-06-26 20:16:31
I thought just last week we saw on here how PDX had so many foreclosures we couldn't keep up. It would be great to get some actual news and not this dramatic headliner junk with no substance!
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