Today’s don’t-miss housing and development news from around the web:
Foreclosures: Filings rose across the state, but fell in the Portland area compared with a year ago because of a major decline in Washington state’s Clark County. Nationwide, foreclosures jumped in May but remain lower than a year earlier.
Mortgage rates: Up this week to 3.71 percent on a 30-year fixed loan from 3.67 percent last week, and the first increase after several weeks of setting record lows. The low rates are holding together a modest housing recovery, and news that’s not unrelated, the Mortgage Bankers Association reports mortgage applications have reached a three-year high.
Homeowner associations: Jeff Manning reports a management firm executive appears to have walked off with as much as $2 million in monthly homeowner dues. Most of the affected HOAs, clients of Northwest Empire Community Management, are in Portland, Gresham and Salem.
Residential development: The Daily Journal of Commerce reports developers are betting on smaller, urban households based on demographic data.
New projects of note