(6/27/08) The foreclosure rate in the Rogue Valley has increased by fifty percent, putting it now at one percent, a rate, which the Rogue Valley Association of Realtors says is normal.
Local real estate agents say nationwide, Oregon's foreclosure rate is low, putting the state in the bottom 6 across the country.
Although the foreclosure rate in southern Oregon has gone up, they say the current one percent rate is not alarming. Colleen Malone
"So we're back to about that one percent level, but that actually is a normal level."
But other parts of the country like southern California, parts of Nevada, particularly Las Vegas, and some parts of the east coast and Florida have much higher rates of foreclosure."
Local experts say signs that the real estate market is strengthening are decreasing demands for homes that cost between two and three hundred thousand dollars and the number of homes in that price range also going down.
