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."
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