Ex-NFL star sentenced to five years in prison for mortgage fraud

Ex-NFL star sentenced to five years in prison for mortgage fraud

Irving Fryar and his mother convicted of conspiring to steal $1.2M

Experian hacked: 15 million people’s credit data stolen in breach

Credit reporting agency becomes latest victim of data breach

Here's what today's job creation implosion means for housing and mortgage finance

Jobs crater, labor participation rate near 40-year low and zero wage growth

Portland home sales and prices slide as foreclosures drag market down

Home sales in metro Portland slid 19.8% in April from a year ago as distressed housing continues to dominate the market, DataQuick said. Of the homes sold in the area's resale market, 40% were classified as distressed, the firm said. DataQuick said 2,274 new and resale homes and condos sold in April in the Portland-Vancouver-Beaverton metro area, down 1.6% from March, but approaching a 20% decline from a year ago. Year-over-year, home sales have fallen for the past 10 months in Portland, DataQuick said, adding that the median price paid on all homes sold hit $212,000 in April, up 2.4% from March, but down 9.4% from last year. Condo prices in the area are increasingly volatile with the median resale condo price dropping 28.2% below year-ago levels. Last month's drop in median condo prices represented the fourth consecutive monthly double-digit drop, the report added. "The steeper drop in condo prices helps explain why sales of existing condos rose more than 10% last month from both March and a year earlier, while sales of all other homes fell," DataQuick said. Write to Kerri Panchuk.

Recent Articles by Kerri Panchuk

Comments powered by Disqus