Agent Profile
I am a top ranked agent serving the Portland area for over 20 years specializing in residential real estate sales and investments. I created this site as a real estate resource for buyers and sellers who want to be well informed about current inventory and pricing. If you are interested in actively tracking the market, please sign up to receive my daily listing email. We map every new listing each day then update the neighborhood maps. The map is emailed to you...simply click a neighborhood to see the listed properties for sale, complete with pictures, price and address. Agency Info
RE/MAX Equity Group
5800 Meadows Road, Suite 100
Lake Oswego, OR 97035
Foreclosures are Down, Late Payments are Up
Realtors’ Magazine published an article that cites a decrease in foreclosures in the second quarter of 2010, according to the Mortgage Bankers Association’s National Deliquency Survey.
Since 2006, the number of homes throughout the foreclosure process fell for the first time. Additionally, there has been the biggest decrease since 2005.
On the other end, however, late payments have seen an increase since the end of 2009. Like many other economists, the Mortgage Bankers Association’s cheif economist Jay Brinkmann said “Only when we see a consistent increase in employment will we see an increase in sales and starts, and a sustained improvement in the delinquency numbers.”
To read the full article: http://www.realtor.org/RMODaily.nsf/pages/News2010082701?OpenDocument
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