Category: Uncategorized
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Housing production strategy passes in Portland, Oregon
Portland, Oregon's city council has approved its first housing production strategy to address rising rents and home prices. The strategy includes 35 initiatives to promote housing development, such as rezoning for affordable housing and increasing accessibility for older adults and those with disabilities. Challenges like high development costs and labor shortages are acknowledged. The plan…
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US Affordability Crisis Won’t Improve Until 2026 | Your Real Estate Resource for Advice, Tips and Trends.
High property prices and supply shortages, exacerbated by high mortgage rates, keep affordability low.New single-family home sales dropped by 11.3%, and new residential construction decreased by 5.5%.
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2025 Home Upgrades: Forecasted $466B Increase in Spending | Your Real Estate Resource for Advice, Tips and Trends.
Homeowner spending on upgrades is set to rise through early 2025. Annual spending on home maintenance and improvements will exceed $466B through Q2 2025.
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No Rate Cuts Until December: BofA’s Forecast | Your Real Estate Resource for Advice, Tips and Trends.
Bank of America predicts interest rate cuts will start in December, despite investor expectations for September.Fed Chair Jerome Powell's decisions will depend on both inflation rates and economic conditions.
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Portland Advances Affordable Housing Project | Your Real Estate Resource for Advice, Tips and Trends.
Project Launch: Construction starts next month on a 224-unit development in Hollywood, Portland. Funding Details: Secured $33 million from local bonds and federal funds.
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Portland: More Than 120K Housing Units by 2045 | Your Real Estate Resource for Advice, Tips and Trends.
Portland City Council adopted its first housing production strategy to expand housing options. The plan aims to add 120,546 housing units by 2045, with 35 action categories.
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Portland’s Multifamily Market Sees Resurgence in Demand, Boosting Investment Prospects
Recent data indicates positive trends in Portland's multifamily leasing market, driven by a rebound in absorption and declining new supply, particularly in suburban areas. Strong leasing performance has led to increased investment sales opportunities, reflecting positive investor sentiment. Suburban demand accounts for over 65% of net occupied units, with more than 3,100 units absorbed in…
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How Fall & Winter Housing Markets Benefit Oregon Buyers | Your Real Estate Resource for Advice, Tips and Trends.
Autumn: Sellers are motivated to negotiate, often accepting lower prices to relocate before winter. Winter: Housing prices drop, with reduced competition allowing for better negotiation opportunities.
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Homeowners Face $15B Insurance Loss | Your Real Estate Resource for Advice, Tips and Trends.
The U.S. homeowners insurance segment faced significant challenges with a $15.2B underwriting loss. The 2024 loss represents a dramatic increase compared to previous years.
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Portland considers ways to boost housing production
Portland is preparing a housing production strategy to address a demand for 120,546 housing units by 2045, aiming to add about 6,000 units annually. The plan includes initiatives like office-to-residential conversions and potential zoning changes in single-family neighborhoods on the inner Eastside. Public testimony will be accepted as the City Council considers these changes. The…