Commercial Business Furniture is Salem’s Longest Running Business
The oldest and continuously run official business has changed ownership and model over the years but has remained committed to providing business for the local community.
The current iteration is called Commercial Business Furniture (CBF), run by the Mizer family. Katy is the Principal Owner, Dale is the Business Manager and their son Sawyer is the Sales …
Salem Real Estate Market Sizzles as Summer Heats Up
As we enter the peak of the real estate season in Salem, Oregon, the latest statistics from WVMLS (Willamette Valley Multiple Listing Service) reveal encouraging trends for both sellers and buyers alike. According to the May 2024 data, the market is experiencing notable increases in listing inventory and sales, indicating robust activity and confidence am
Transparency, Trust and Real Estate
The National Association of REALTORS® (NAR) and various brokerages across the nation have reached a landmark resolution, settling antitrust lawsuits that will bring significant changes to real estate transactions. This settlement aims to promote fairness and transparency within the industry, introducing two pivotal shifts that will impact the way consume
A New Chapter in Real Estate: NAR’s Milestone Agreement
In a significant development for the real estate industry, the National Association of Realtors (NAR) recently announced a groundbreaking agreement that promises to reshape the landscape of broker commissions and professional standards. On March 15, 2024, NAR unveiled a comprehensive settlement designed to resolve litigation surrounding claims related to
Local Real Estate Market Report: Explanation of the Infographic & it’s Trends
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…
STATE TO REOPEN OREGON HOMEOWNER ASSISTANCE FUND PROGRAM PORTAL TO NEW APPLICATIONS
SALEM, ORE. - Oregon Housing and Community Services (OHCS) will resume accepting new applications for the Oregon Homeowner Assistance Fund (HAF) Program on March 8, 2023. The agency estimates there are enough funds to support about 700 additional eligible homeowners. The program offers federal temporary COVID-19 emergency mortgage relief intended to suppor…
CITY OF SALEM AND 2023 GO BONDS RETAIN AA2 RATING FROM MOODY’S
Salem, Ore. - Moody’s Investor Service has assigned an Aa2 rating to the City of Salem and the City’s 2023 General Obligation Bonds.
By approving the $300 million community improvement bond measure in November 2022, residents in Salem have allowed the City to fund a 10-year plan to increase funding for street upgrades, sidewalk construct…
Where Salem Ranks Among Best Cities for DIYers, and why it matters.
Industrial Asset Stats by Salem Zip Code
Industrial Asset Stats by Salem Zip Code: 97301 Central Salem has a total of 6.6 million square feet of industrial buildings, and zero square feet currently under construction. The vacancy rate is tight at 1.9%, with rents averaging $9.15 annually – up 7.1% year over year. Sales are transacting at $88 per square foot, which is up 8.3% year over year. Investment transactions are taking place at an…