"Pollock's move is the first clear public signal that a Portland-area homebuilder is feeling serious pain from the housing slowdown -- and doing something drastic about it.
Portland's housing market remains relatively stable compared to the busted markets in Florida, Ohio and California. But home builders here also sit on a growing backlog of finished but unsold homes. In September, the region had 8.6 months' worth of homes to sell, nearly double the figure from a year earlier."
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Monday, November 19
Buying opportunity? Housing downturn finally hitting Portland?
