Underwater mortgage rates fall in Portland

| Print |  Email
Must Reads
Thursday, February 21, 2013

The negative mortgage equity rate fell in Portland, but 28% of all mortgage holders still owe more than their homes are worth, according to a report by Zillow.

The homeowners are collectively upside-down by about $7.76 billion, according to Thursday's report, which compares mortgage data from the credit reporting company TransUnion with Zillow's home-value estimates. Zillow uses sales of similar nearby homes to take a guess at a particular home's value, though accuracy on individual homes can vary.

If home prices continue to rise, more homeowners paying down their mortgage will break into positive equity, but Zillow and other forecasters expect home-price gains to slow. Still, Zillow says the "negative equity" rate will fall to at least 24.7 percent by the end of 2013.

Read more at OregonLive.com.

{biztweet}underwater mortgage{/biztweet}

 

More Articles

Live, Work, Play: Amen Teter

February 2015
Tuesday, January 27, 2015
BY JACOB PALMER

Catching up with Amen Teter, Portland-based global director of action sports for Octagon Olympics & Action sports talent agency.


Read more...

Will Medford Ever Be Cool?

February 2015
Friday, January 23, 2015
BY DAN COOK | PHOTOS BY JASON E. KAPLAN

A real-estate developer and a Lithia Motors executive aim to revamp the city's forlorn downtown.


Read more...

See How They Run

January-Powerbook 2015
Friday, December 12, 2014
BY LINDA BAKER

Studying ground-running birds, a group that ranks among nature's speediest and most agile bipedal runners, to build a faster robot.


Read more...

Justice for All

January-Powerbook 2015
Thursday, December 11, 2014
BY JESSICA RIDGWAY

Lawger upends the typical hourly based fee model by letting clients determine the cost.


Read more...

MBA Perspective

February 2015
Tuesday, January 27, 2015
BY KIM MOORE

Robin Anderson, dean of the Pamplin School of Business, University of Portland: "You need people who are comfortable leading in ambiguity."


Read more...

Behind the curtain: What students should know about accreditation and rankings

Contributed Blogs
Thursday, December 04, 2014
120414-edurating-thumbBY DEBRA RINGOLD | OP-ED CONTRIBUTOR

How important are institutional and/or program evaluations provided by third parties in selecting a college or university program?


Read more...

Editor's Letter: Tortoise and the Hare

February 2015
Monday, January 26, 2015

The day after this issue goes to press, the city of Medford will host its annual business conference. The event features Minoli Ratnatunga, co-author of the Milken Institute’s annual “Best-Performing Cities” report. Preliminary data suggests that Medford is likely to retain its No. 1 ranking among best-performing small cities for having a higher concentration of high-tech firms than the national average. 


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