Life & Real Estate in Eugene, Springfield & Lane County, Oregon

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Did your state make the BOTTOM TEN list for foreclosures? Mine barely missed.

Oregon barely missed being ranked in the Bottom Ten states for foreclosures during first quarter, 2010.

A national report recently released by RealtyTrac shows that at

33.6 %

Oregon ranks 11th worst
 of the fifty states in foreclosure sales as a percentage of all home sales.



Here is the list of that Bottom Eleven:


Nevada                     63.5%
California                     50.8%
Arizona                      
50.3%
Massachusetts              42.2%
Rhode Island                 41.6%
Florida       38.7%
Michigan    36.6%
Georgia  35.4%
Illinois                             33.9%
Idaho                              33.9%
Oregon 33.6%



Oregon had 2651 foreclosure sales during the first quarter.  That was down a substantial 17.7% from the the 4th quarter of 2009. It was up just 1.4% from the first quarter of 2009.

The national average was 31.0%.


Other western states lined up as follows:

Utah                24.9%
Washington  18.9%
Alaska                                  13.7%
Hawaii                                  12.3%
Montana                                10.7%
New Mexico                             9.3%

Wyoming did not appear on the report.   


The list of worst states for foreclosures is an interesting combination of those that experienced high population growth in the last decade mixed with those that experienced just the opposite during the same period.  Maybe luke warm really is better than hot or cold.

 

Of course, the incidence of foreclosures varies greatly among Oregon counties, just as it does among states. 

 

 ***********************

 

Jim Hale

Principal Broker / Owner

Graduate, REALTOR Institute             e-PRO

Member, Million Dollar Club of Lane County

Member, Real Estate Brokers Million Dollar Club


actionagents.net
1715 Linnea Avenue
Eugene, OR 97401-1962

Office:  541-484-0219
Direct:  541-543-9991
Fax:      541-485-8068

www.actionagents.net                jim@actionagents.net

Company Logo - ACTIONAGENTS.NET - Eugene, OR - Jim Hale, Principal                                       Broker


© 2010  All Rights Reserved

 

 ***********************

 

Jim Hale

Principal Broker / Owner

Graduate, REALTOR Institute             e-PRO

2015 Member, Million Dollar Club of Lane County

actionagents.net
1715 Linnea Avenue
Eugene, OR 97401-1962

Office:  541-484-0219
Direct:  541-543-9991

Eugene Oregon Homes / Real Estate               jim@actionagents.net

Company Logo - ACTIONAGENTS.NET - Eugene, OR - Jim Hale, Principal                      Broker

All statistical market data is based on information from the RMLS of Oregon for the dates indicated.
© 2014  All Rights Reserved  /  Licensed in the State of OREGON

Comment balloon 12 commentsJim Hale • July 28 2010 03:20PM
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