Monday, February 6, 2012

GSE and FHA REO Oregon Snapshot, With Breakout by Portland Metro Cities.

HUD has a mapping and data portal for REO properties from Fannie, Freddie, and FHA HERE.

Included in the portal is the ability to download data for an entire state, so I recently downloaded Oregon data and did some analysis shown in the PDF table HERE

(Caution: The Oregon data download from this portal only included 28 FHA properties in Oregon, so it clearly appears to be incomplete; a direct FHA REO website shows 84 current Oregon FHA properties HERE).

Observations (Using portal information on the 3 agencies)
  1. There were 1,604 REO properties listed on the portal for Oregon; the 24 cities within the Metro jurisdiction accounted for 31% (502) of statewide REO. 
  2. Fannie and Freddie accounted for 98%+ of all REO listed for Oregon and 24 cities in the Portland Metro area.
  3. Within 24 cities in the jurisdiction of Metro, Portland (250) accounted for half of the REO and Beaverton (49) another 10%.
  4. Gresham (36), Lake Oswego (19) and Oregon City (18) completed the top 5 cities within Metro jurisdiction with largest numbers of REO. 

Originally created and posted on the Oregon Housing Blog.

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