Ok so you might find the next few links interesting. These are from around the web, just random snippets that I’ve picked up in my reading, but I found some very cool information in them. You might too. Here goes…
Free Moving Boxes Portland Oregon
interstate Movers, Oregon Moving Companies In , Or – Moving … we Offer Information About Moving Companies In Or, Or Real Estate, Or Insurance, Or … C & D Moving – Po Box 86595, Portland, Or 97286. A Action Movers – 2700 West Floodway, … …
Portland – Real Estate – Market Statistics – April 2010
Hi my name is Fred Marlow – Principal Broker and Owner of Portland Metro Realtors and RealPro Northwest. My companies Licence over 80 real estate brokers in Oregon and Washington. When we started offering Flat Fee Listings in the …
Portland Real Estate For Sale | Short Sale Portland Oregon …
Portland Short Sale News. Short Sales In Portland Continue To Help Homeowners Like You Avoid Foreclosure. Stop Wasting Time & Avoid Foreclosure. Portland Real Estate Help Is Here…
Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.
Have a great day!
Hey Readers! I’ve been comin across some crazy stuff the past few days from a few different blogs around the web which I just had to share with you. Check em out below…
Shadow inventory baffles brokers
After listing a modest Portland home for $175000 in a neighborhood with no other homes for sale, Keller Williams principal broker Nick Krautter thought he … Read More…
Existing Home Sales Rise, but So Does Inventory
The 4.04 million homes for sale across the country, and 11.5 percent jump from March, equal an 8.4-month supply, given the current pace of sales. … Read More…
Goldman: Seattle Home Prices to Fall 22% More by 2012
Despite recent improvements, both the homeowner vacancy rate and the months' supply of single-family homes for sale remain well above historical levels. … Read More…
That’s all the news for today guys, so until next time, thanks for stopping by.
The index of U.S. leading economic indicators rose by 1.2% in May, after 1.1% in April [the best back-to-back showing since Nov-Dec of 2001] and a regional factory assessment increased more than was projected in June, sparking implications America’s worst recession in 50 years could soon end.
But many Oregonians don’t feel the optimism. Conditions for Portland homeowners are among the very worst in the country, with Oregon taking second place for unemployment at 12.4% in May, lead only by Michigan at 14.1%. Oregon’s rate for filing foreclosures is the 12th highest nationwide.
As #2 in the U.S. for unemployment, and #12 for highest foreclosure-filing rate, according to RealtyTrac, the very real danger of foreclosure is heightened for Oregonians, and that includes Portlanders. RealtyTrac reported one in every 525 Oregon homes received a foreclosure filing in May, with close to 20% of Portland homes sales are in either bankruptcy, or foreclosure.
Practically 18% of active listings in Portland are distressed sales, with excess of 2,600 Portland homes in delinquency. Local statistics showed the hardest-hit areas are Beaverton, Gresham, and Happy Valley where 1 out of 4 homes is either foreclosed or near to it. Experts accredit the high foreclosure filings to excessive job loss, defaulted mortgages by investors and homebuyers who bought more than they could afford.
A look at some national statistics helps to put the Oregon and Portland numbers into perspective:
o U.S. unemployment rate hit 26-year high of 9.4% in May, up from 8.9% in April.
o 48 states plus the District of Columbia showed jobless rate increases in May [Nebraska dipped by 0.1% point to 4.4%; Vermont held at 7.3%.]
o 30-year FRM’s dropped to 5.38%, from the average of 5.59%.
o 15-year FRM’s averaged 4.89% compared to the previous week’s average of 5.06%.
Freddie Mac V.P., Frank Nothaft, said, “It’s still too early to tell whether the decline in housing market activity has hit bottom yet.”
If you have become delinquent on your mortgage payments, you’re likely to be facing foreclosure very soon. But if your reasons for having fallen behind on your payments are due to hard times brought on by job loss, death of a spouse, major illness or some other unavoidable calamity, you might very well qualify for a short sale-the device of choice to stop or avoid foreclosure.
Real foreclosure help for Portlanders to avoid or stop foreclosure can be found with a local, qualified short sale service firm. A short sale will allow you to sell your home for less than your remaining mortgage balance. Only a short sale specialist should be consulted for the complex negotiations involved with the short sale.
Information provided as a service by http://www.SellHomeOwner.com
Written By: Charles Pruett
Article Source:
http://EzineArticles.com/?expert=Charles_Pruett
