Salem is considered one of the most happening cities to live in Oregon. Therefore the demand for property in this place will always upsurge and not decline. On an average, the median home value in Salem is $303,100 and witnessed a further rise of 3.0% from the past couple of years. Many have proposed that the foreclosures are likely to impact the home values within the next few years. In Salem Oregon real estate, the prevailing mortgage delinquency incidents are also affecting the genuine buyers to a large extent. The percentage of such cases has been recorded to be on an average 6.3%. Ever since, the recession period had a grip over US from 2007 2011, a lot of homeowners are facing the heat of mortgage. They finally found they owe more than what their home price stood out to be.
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