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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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  • Powers Road between SW Elkhorn Street and Porcupine Drive for paving, road closure with local access only, 9/16/19 - 9/17/19.
  • Rockbluff Lane between SW Elkhorn Street and SW Cliffrose Drive for paving, road closure with local access only, 9/16/19 - 9/17/19.
  • Cooley Road between Highway 97 and Hunters Circle for railroad crossing repairs, road closure with detour, 9/16/19 - 9/17/19.
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  • NE Revere Avenue between Division Street and NE Lytle Street for railroad crossing repairs, road closure with detours, 9/18/19 - 9/20/19.

 

 

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