The Portland area is among the worst markets to buy a foreclosure, according to RealtyTrac.
The Portland area is among the worst markets to buy a foreclosure, according to RealtyTrac.
In reality, that’s probably good news for most of the cities on the list. It shows foreclosures — which tend to sell for a discount compared with other homes, and can further drag down prices by flooding the market with excess inventory — are having a reduced impact on broader home sales.
Portland scores low because of a small supply of homes — nine months worth at the current sales rate — and a decline in foreclosure activity in 2012.
Read more at OregonLive.com.
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