Oregon Public Broadcasting

Oregon's home foreclosure numbers continued to drop last month.  That's according to Eugene-based Gorilla Capital. 

In the 15 counties Gorilla surveys, notices of default declined by 4 percent compared to September. 

Ally Leavitt is communications manager with Gorilla Capital.  She says the data suggest the housing market is continuing to show signs of slow recovery.

"They're starting to look like the numbers we saw in 2008.  We're seeing hundreds rather than the thousands we saw in 2009 and 2010," Leavitt said.

Not all counties saw a decline last month.  Tillamook and Lincoln counties saw increases of about 50 percent. 

Leavitt says when compared to October of 2010, all 15 counties showed improvement.  Year to date, notices of default are down nearly 30 percent.

This story originally appeared on Oregon Public Broadcasting.

Recommended for you

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.