Oregon Tax News

Foreclosures Still Plague Oregon Housing Market Account for One in Three Home Sales
By Oregon Tax News

Foreclosures continue to flood Oregon’s housing market and accounted for one-third of all home sales this spring. At 33 percent, Oregon’s housing market is in the top 10 in terms of foreclosed homes as a percentage of all home sales. In Oregon, foreclosed homes sell for about 30 percent less on average than non-foreclosed homes. The number of foreclosed homes on the market, therefore, continues to contribute to declining home values in Oregon and elsewhere. Read more…