Portland among worst places to buy a foreclosure

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Thursday, January 31, 2013

The Portland area is among the worst markets to buy a foreclosure, according to RealtyTrac.

In reality, that's probably good news for most of the cities on the list. It shows foreclosures -- which tend to sell for a discount compared with other homes, and can further drag down prices by flooding the market with excess inventory -- are having a reduced impact on broader home sales.

Portland scores low because of a small supply of homes -- nine months worth at the current sales rate -- and a decline in foreclosure activity in 2012.

Read more at OregonLive.com.

{biztweet}portland foreclosure{/biztweet}

 

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