Category: Uncategorized
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Seller’s Market Cooling Down: Good News for Buyers | Your Real Estate Resource for Advice, Tips and Trends.
Home prices continued to rise post-pandemic due to low mortgage rates and limited housing inventory. Housing competition has slowed, increasing inventory and giving buyers more leverage in negotiations.
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Portland City Council considers foreclosure of more blighted properties
On Oct. 9, the Portland City Council reviewed a list of abandoned and blighted properties slated for foreclosure due to neglect and unpaid liens. Deputy Administrator Jonas Biery noted that property owners had multiple opportunities to address the issues. Mayor Ted Wheeler highlighted the challenges of seizing private property, stating that many properties have become…
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Oregon Home Sale Costs | Your Real Estate Resource for Advice, Tips and Trends.
Typical cost to sell in Oregon is 9.70% of the sale price. Realtor fees are 5.00%, closing costs are 2.42%, and staging costs average $2,802.
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Clackamas County Surpasses Goals in Housing Services Program
Clackamas County's Supportive Housing Services program has made significant progress in combating chronic homelessness, surpassing its third-year goals. The program aided 1,228 households in avoiding homelessness, exceeding the target of 625, and achieved a 65% reduction in homelessness. Funding tripled to over $54 million. Key initiatives include the award-winning Coordinated Housing Access program and partnerships…
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Oregon Rent Increase Limit for 2025 Set at 10% | Your Real Estate Resource for Advice, Tips and Trends.
Oregon’s rent increase limit for 2025 is set at 10%, covering residential units aged 15 years and older. Senate Bill 611, passed in 2023, caps allowable rent hikes at 10%, even amid inflation.
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75 New Units Are Coming to Portland | Your Real Estate Resource for Advice, Tips and Trends.
Construction of a new affordable housing development is underway in North Portland. The project will feature 75 units, including one-, two-, and three-bedroom apartments for local families.
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Oregon’s 2025 Rent Increase Cap Set at 10% | Your Real Estate Resource for Advice, Tips and Trends.
Oregon's rent increase cap for 2025 remains at 10%, as per the state's 2019 rent control law. The cap is determined by adding 7% to the annual CPI change or limiting it to 10%, whichever is lower.
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Key Steps to Selling a Home in Oregon | Your Real Estate Resource for Advice, Tips and Trends.
Use agent-matching services to find a local agent. Negotiate lower rates. Request CMAs and consider an appraisal ($250–$400).
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Buying a Home in Retirement? Look for These Must-Haves! | Your Real Estate Resource for Advice, Tips and Trends.
Single-Level Layout: Avoid stairs for better mobility. Accessible Kitchen: Features lower countertops and reachable storage.
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Portland: Major Infrastructure and Development Projects | Your Real Estate Resource for Advice, Tips and Trends.
The Columbia Boulevard Wastewater Treatment Plant is undergoing a ~$739K upgrade to improve monitoring and control systems.A $1.5M project will convert a parking lot into a temporary shelter with sleeping pods.