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Local Real Estate Market Report: Explanation of the Infographic & it’s Trends

Written by Brittney Zijlstra on Mar. 26th, 2024

By: Statistics presented by WVMLS (Willamette Valley Multiple Listing Service) in collaboration with Domus Analytics

This month’s infographic from WVMLS compares February 2024 data to the same period in 2023. The focus is on residential listings with lots sizes under half an acre in the Salem/Keizer area. A noteworthy shift up 4.2% in new listings compa…

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Two Tips for Rebuilding Credit

Written by Oregon State Credit Union on Mar. 26th, 2024

Rebuilding credit can seem impossible, but with time (at least 6 months) and consistency, it’s very straight-forward. Here are the two tips for rebuilding your score: 1. Set up auto-pay so you never miss a minimum payment. On-time payment history is the largest part of a credit score (35%). 2. Focus on reducing your debt load. Pay down debt and keep in

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City of Salem’s “Block 50 Project”

Written by Wyatt Jones on Mar. 20th, 2024

The City of Salem has taken a significant step forward in its downtown revitalization efforts with the selection of Edlen & Co. and deChase Miksis as development partners for the ambitious Block 50 project. This initiative aims to transform one of downtown Salem's largest undeveloped properties into a vibrant, mixed-use community hub, thereby marking

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Salinas Talks Immigration, Farm Bill, and More at Salem Forum

Written by George Plaven on Mar. 19th, 2024

In a closely divided Congress with razor-thin majorities in both chambers, U.S. Rep. Andrea Salinas (D-Ore.) emphasized the need for bipartisanship to deliver results on the country’s most pressing issues - including immigration, border security, and passing a new Farm Bill that provides a greater safety net for agricultural producers reeling from nat

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Enhancing Transparency and Consumer Protection in Real Estate: Analyzing House Bill 4058

Written by Chris Christiansen on Mar. 14th, 2024

In a significant move towards transparency and consumer protection in the real estate sector, the House Committee on Housing and Homelessness voted in favor (4-0, 1 Excused) of House Bill 4058 on Thursday, February 22nd. This bill, which originated from the REALTORS® association, aims to address key concerns within the industry, merging elements from the

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SVN Economic Forum 2024: Navigating the Future of Salem’s Economy with Record Attendance

Written by Luis Ramirez on Mar. 13th, 2024

The annual Economic Forum hosted by SVN Commercial Advisors, held on February 23 at the Salem Convention Center, achieved unprecedented attendance this year, with over 330 industry professionals gathering in person to share insights and strategies for navigating current and future market landscapes.

“We could have a lot more if we wanted to, but we plac…

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Capital for a Capitol Host City Gains Momentum

Written by Rick Metsger on Mar. 7th, 2024

The economic and social impacts of having a state capitol located in your city has long been a discussion topic of elected officials and local municipalities. Faced with a significant budget shortfall in the years ahead, the City of Salem is exploring all options to fill a funding gap estimated to be at least $14 million in the next fiscal year, and escal

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Mid-Willamette Valley Homeless Alliance Seeks Business Input

Written by Luis Ramirez on Jan. 9th, 2024

The Mid-Willamette Valley Homeless Alliance has been operating in Salem for just four years, but its impact on the community has been immense.

The organization was founded to help pool resources and use maximum efficiency with governmental dollars to help address people who are experiencing homelessness. They pool together both federal and state money and…

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Salem City Council budget deficit strategies: Will these be new or more of the same in 2024?

Written by Naomi Yanike on Dec. 14th, 2023

The Salem City Council has returned to the drawing board with a two-fold strategy to gain revenue and to protect the budget, hoping to solve Salem's projected $19.4 million deficit after the employee payroll tax failed on the November 2023 ballot. 

But there continues to be much debate over how much of the deficit should be made up by more proposed t…

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Hispanic Real Estate Organization Makes Its Way to Western Oregon

Written by Luis Ramirez on Nov. 12th, 2023

The National Association of Hispanic Real Estate Professionals officially made its debut in Oregon this month after jumping through some hoops to become a full-fledged chapter.

The organization is a national one, but several Real Estate members in the community wanted to spearhead a chapter in Oregon to focus on real issues and information that goes on in…

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