Mark Levin

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Mark Levin

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The troubled housing market is ground zero for our struggling economy. An Oregon company that tracks foreclosures in the state, says we may have hit bottom. Since 2007, more than five million Americans have lost their homes to foreclosures or short sales. Some economists estimate another five million may lose their homes before the crisis is over. John Helmick with Gorilla Capital, that tracks foreclosures in Oregon says its important many of these foreclosures go through. “So while government is trying to help people avoid foreclosure, their actions are only extending the foreclosure crisis by keeping home prices down, more people are entering foreclosure.” Helmick believes we are at the bottom when it comes to foreclosures in Oregon. He says for the last fifty years, when median home prices are around three times the median household income, that's when the housing market stabilizes.

 

 

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Help Puerto Rico

Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

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  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.