Recently many banks and other institutions such as Fannie Mae, have removed their foreclosure moratoriums which was bound to have the 
impact of increased foreclosures flooding the market. Well it has impacted the Oregon real estate market. In March we saw foreclosures rise more than 100% from the month of March, 2008! Up 107%, a total of 3,388 homes went into foreclosure. This works out to 1 in every 594 homes. Remember, those are numbers for one month alone. Oregon actually fared worse than the rest of the nation which saw a 46% increase for the same period. These numbers are compiled and reported by RealtyTrac, a company that tracks foreclosures across the country.
For the first quarter of 2009, Oregon owned the nations 10th position of the worst foreclosure rate. We were 12th in the nation in March alone. This certainly has to be a reflection of our unemployement numbers as we are number 2 there in the nation. The nations worst unemployement rate is in Michigan where the auto industry dominates.
Foreclosures by Oregon county breaks down as follows:
Multnomah (648)
Deschutes (471)
Washington (407)
Jackson (320)
Clackamas (295)
Marion ( 265)
Lane (200)
Linn (123)
Yamhil (97)
Josephine (93)
