While the market is picking up for sales of homes, the good news does not spread to those that already own, and maybe loosing their homes in the near future. Foreclosures are on the rise around the great Portland Metro Area. In Multnomah new foreclosure filings are on the rise again after leveling off in the second quarter. The same thing is happening Clackamas and Washington counties. Clackamas has had an 8.5% increase in just one quarter. Washington County saw 5.1% increase in one quarter. More homes will be on the market as short sales, and bank owned once they have been foreclosed on. The market may once again have too much supply, and not enough demand, as one time home owners are turned into renters for at least a few years.
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