Urban Studies and Planning Commons^™

Foreclosure Activity In The Portland-Vancouver Msa, Webb Sprague, Emily Picha, Nicole Iroz-Elardo, Tom Heinicke

Institute of Portland Metropolitan Studies Publications

Foreclosure activity is an important indicator of community and neighborhood health and the economic viability of households. In the Portland region, foreclosure activity is comparable to many areas of the United States, with significant segments of the population struggling to make their mortgage payments.

The foreclosure crisis continues to unfold in the United States. In 2009, RealtyTrac reported 3.9 million foreclosure filings on 2.8 million properties in the U.S., up 21 percent from the previous year. Foreclosure filings include default notices, scheduled foreclosure auctions and bank reversions. About two percent of all U.S. housing units received at least one foreclosure …