CoreLogic Mortgage Trends Report Includes Some Oregon and Portland Metro Data.

CoreLogic report is HERE, contains lots of interesting data and charts. Starting on PDF page 7 national, state, and top 25 Metro  market data as of November 2010 is summarized. I extracted Oregon, Portland, and select national data in the table pasted below.

Observations:

1. 28.8% of Portland metro's sales were distressed sales, slightly lower than 29.8% national average. Oregon's 31.5% distressed sales share was higher than the national average
2. Short sales in November 2010 in Portland metro were down 25% from prior year, and down 21.9% statewide.
3. Portland metro had about half of the state distressed sales (517 of 1,018)
4. Portland metro's 90+ delinquency rate was lower than the national average ( 5.6% vs. 7.9%); so to was Oregon's statewide 90+delinquency rate of 5.5%
5. Portland metro's house price index annual decline was higher than national average. (7.8% vs 5.1%); Oregon's 9.3% decline was even worse.
6. Portland metro's supply of distressed homes was significantly LESS than national average (12.4 months vs 16.1 months); statewide the average of 10.8 months was even better. 

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Originally created and posted on the Oregon Housing Blog.