Thursday 26 September 2013

The Portland metro area is experiencing uncharacteristically high foreclosures

The Portland metro area is experiencing uncharacteristically high foreclosures due to state laws that affected the foreclosure process, and this will begin to make a change as the recently foreclosed homes start to hit the market," said Brian Allen, president/owner Windermere Cronin & Caplan Realty Group, Inc. "The Portland market is experiencing a slight increase in inventory, a slight decrease in sales activity as a result of increased mortgage rates, and overall it is still a very strong market compared to years past."

www.realtytrac.com

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