The foreclosure scourge has moved its way into Oregon, causing some of the highest rates of loan defaults since the 1980s.
"Foreclosures have spread through California, Florida and other states for more than a year. But the national housing decline is just now moving to its next ugly phase in Oregon: A glut of unsold houses, falling prices and vacant foreclosed homes that drive down values for neighboring homes.
More than 2,800 homeowners defaulted on their mortgage in Clark, Clackamas, Multnomah and Washington counties in the third quarter of 2008, according to county records. That's more than 30 defaults a day. In the once fast-growing Deschutes County, 520 people defaulted, up from a low of 51 in the second quarter of 2006.
Across the five counties, defaults were up 107 percent from the same quarter in 2007.
The number of new defaults was still less than 1 percent of all housing units in the counties. But by comparison, Oregon's foreclosures in this downturn are likely to rise to the highest levels since the 1980s recession."
FULL STORY: Foreclosure scourge spreads into Oregon
Quantifying the Impact of Pandemic Housing Assistance
The massive federal injection of funding into housing programs has had major impacts on many Americans’ ability to stay housed and out of debt, but fears loom as the end of some funding sources nears.
New Jersey Bill Would Ease the Path to Homeownership for Low-Income Families
A bill passed by the New Jersey state legislature would discourage investors from buying and flipping homes while giving households that have experienced foreclosure first bidding rights on auction properties.
Map of Pandemic Real Estate Risk Focuses on New Jersey, Illinois, California
A new study evaluates county-level foreclosure risk, underwater home values, and more real estate market data after two years of the Covid-19 pandemic in the United States.
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Chicago to Turn High-Rise Offices into Housing
Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.
Google Maps Introduces New Transit, EV Features
It will now be easier to find electric car charging stations and transit options.
Ohio Lawmakers Propose Incentivizing Housing Production
A proposed bill would take a carrot approach to stimulating housing production through a grant program that would reward cities that implement pro-housing policies.
Chicago Awarded $2M Reconnecting Communities Grant
Community advocates say the city’s plan may not do enough to reverse the negative impacts of a major expressway.
City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
City of Universal City TX
ULI Northwest Arkansas
Town of Zionsville
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
