Foreclosures go up but there is good news

Foreclosures may be up a bit but late payments are down. With the ease in oil prices lately, it should help those who felt squeezed for now. Many still are guessing where the market will go but unfortunately it will only be guesses. In 2005, 40% of US homes sales were secondary homes. These "investors" will direct the market. If they end up getting tight, they will have to sell the homes and we had 19% July 2005 to July 2006 appreciation in Portland. These investors may have the most impact on the market.