U.S,. Conference of Mayors Mortgage Crisis Impact: 6 Metro Oregon Areas Lose $736 Million in Gross Metro Product.

This national impact report, dated Nov. 26, 2007, is available from Conference website, HERE.

Nationally. report projects that there will be 524,000 fewer jobs created and Gross Domestic Product will be $166 Billion lower because of mortgage crisis impacts. Report also projects a loss of property values of $1.2 TRILLION in 2008 and that foreclosures will increase by 1.4 million.

Local data. Within report are projections of economic impact by metro area. Six Oregon metro areas are included : Bend, Corvallis, Eugene, Salem, Medford, and Portland.

From data in report I compiled a table HERE of 6 Oregon metro area impacts on Gross Metropolitan Product ; combined projected losses to Gross Metropolitan Product (GMP) for these 6 Oregon metro areas is $736 million.