Based on Zillow stats, OregonLive.com reports that between July and September, 2012, the percentage of homeowners who are underwater in their mortgages fell about 4%. I have reported on this before and I’m glad to see the numbers are in a sustained trend. 29.3% of Portland homeowners are underwater, or 123,000 homeowners, are collectively underwater by $8 billion dollars. The 4% drop is due to rising home prices of about 2.3% in the same period. This is good news for buyers as they see a trend that buying real estate is a little less scary and owners/sellers get to realize some of the lost value. Click the link below for the article.
http://www.oregonlive.com/front-porch/index.ssf/2012/11/fewer_metro-area_homeowners_un.html
Call an experienced professional, Jen Woodbury, to buy or sell Oregon homes at 808-936-8957 and 503-218-3936.
Please visit my sites at:
https://www.facebook.com/JenWoodburySellsHomes/
http://jenwoodburysellshomes.info/
http://jenwoodburysellshomes.com/
Comments(2)