I have previously posted (HERE) about failure to look at details of RealtyTrac foreclosure data.
Most recent news stories have reported standard comparisons of the total number of foreclosure actions, including Eugene Register Guard story HERE. Portland Tribune story HERE reports decline in Multnomah County, but uses only the total foreclosure filings, not the filings by foreclosure phase.
I went back and dug out the details for first 6 months of the year; see chart I prepared HERE.
If there was one surprise, it was that the reported count of trustee notices is trending down for the year, while REO has clearly gone up.
While the trustee notice count is still quite high, IF the economy begins to turn around and unemployment drops, a continuing decline in trustee notices would eventually translate into fewer REO actions. (Key words being "IF", and "eventually").
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