Home Builders Uncertain in August

Oregon Foreclosures, Portland Real Estate Market
Home Builders Sentiment Remains Low Distressed Properties including short sales and foreclosures cut into new construction's bottom line According to the National Association of Home Builders, little has changed in the housing market over the last two years. Home Builder sentiment on "the condition of the housing market" was at an index level of 15, with any number below 50 considered negative. In the past two years Home Builder sentiment has not gone above an index level of 20. The year of 2010 marked the lowest level of home purchases in nearly 50 years with sales for the current year looking little if any better. Mortgage Foreclosures, Distressed Properties Compete With New Construction New Construction of Residential single family homes has faced new competition in the form of REO (meaning…
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