Oregon in step with national foreclosure data

Oregon is right in line with the national 0.8 percent year-over-year decline in foreclosure inventory, according to the latest  findings by real estate data provider CoreLogic.
Overall, Oregon’s foreclosure inventory is 1.7 percent, a little above the national 1.5 percent figure. However, the state’s 3.7 percent serious delinquency rate is lower than the national average of 4 percent.
CoreLogic reported more than 41,000 completed foreclosures nationally in November, down from 46,000 in November 2013, a year-over-year decline of 9.6 percent and off 64 percent from the peak of completed foreclosures in September 2010. The Irvine, Calif., company noted that on a month-over-month basis, completed foreclosures were down 12.6 percent from the 47,000 reported in October.
Completed foreclosures are an indication of the total number of homes actually lost to foreclosure.


U.S. import prices fell 2.5 percent in December, the largest one-month decline since a 4.6-percent drop in December 2008, the Bureau of Labor Statistics reported.
Import prices have not risen any month since an 0.3 percent bump in June and fell 7.3 percent during the second half of 2014. The price index for imports decreased 5.5 percent overall in 2014, the biggest calendar-year drop since falling 10.1 percent in 2008.


The U.S. Agriculture Department is expanding its Noninsured Crop Disaster Assistance Program for crops that historically have been ineligible for federal crop insurance.
Part of the 2014 Farm Bill, there are new coverage options when natural disasters affect specialty crops such as vegetables, fruits, mushrooms, floriculture, ornamental nursery, aquaculture, ginseng, honey, syrup, and energy crops.
Previously, the program offered coverage at 55 percent of the average market price for crop losses that exceed 50 percent of expected production. Producers can now choose higher levels of coverage, up to 65 percent of their expected production at 100 percent of the average market price.


The Green Transportation Summit and Expo, which bills itself as the Pacific Northwest’s largest alternative fuels
and transportation summit, is scheduled April 21-22 at the Portland Expo .
Private and public fleet operators, industry experts and government agencies will convene to explore and discuss bio fuels, hydrogen, compressed natural gas, liquified natural gas, renewable natural gas, propane and electric vehicles.

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