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County's foreclosure growth rate tops state's.

Publication: The Register-Guard (Eugene, OR)
Publication Date: 31-JAN-08
Format: Online
Delivery: Immediate Online Access
Full Article Title: County's foreclosure growth rate tops state's.(Financial)(In 2007, the number of homes in default rose 83 percent in Lane County)

Article Excerpt
Byline: Joe Mosley The Register-Guard

Foreclosures against Lane County homeowners increased in 2007 at a rate almost seven times higher than those statewide, according to year-end figures released this week by RealtyTrac, which maintains an online database.

While the overall rate of foreclosures in the Eugene-Springfield area doesn't come close to those in some of the nation's hot spots - Nevada, California, Florida, Michigan and Ohio top the list - the dramatic local increase in 2007 has drawn the attention of observers.

"I'm not surprised, given what's been going on in the national housing market," said Tim Duy, an assistant professor of economics at the University of...

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