George Noorey

ON AIR NOW

George Noorey

12:00am - 2:00am

Contact
Local News


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.

 

 

Share
Traffic

 

 

  • Click on the link for the latest conditions on the mountain passes.
  • Roundabout at intersection of NW Shevlin Park Road and NW Mt. Washington Drive for roundabout reconstruction, road closure with detours, 5/13/19 - 6/27/19.
  • Empire at Purcell CLOSED for RAB contruction through August.
  • RDM:SW 15th St from SW Indian Ave to SW Kalama Ave – Closed for construction thru August 15, 2019
  • Brosterhous Road between American Lane and Jacklight Lane for sewer main installation, southbound lane closures with detours, until 7/15/19.
KBND ON FACEBOOK
 
 
FOLLOW US ON TWITTER