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Multi family housing makes it more affordable? All of Oregon’s Cities over 100k make the list for their size in new construction.
New housing construction in the U.S. is slowing down, which isn’t good for families already struggling to afford their first home. Even though multi-family dwellings have accounted for the lion’s share of new home construction growth since the recession, the shift away from single-family homes has failed to lower prices. Data from the Department of Housi…
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Residential Real Estate Update
The residential real estate market is still active with buyers and sellers. While the market has cooled in comparison to the last two years, we remain in a market of low inventory. In order to have a balanced market we need to have six months of inventory and currently, we are only at 2.6 months of inventory in Marion and Polk counties. This shows t…
App Invests in Willamette Valley Farming
Farmland is pretty much the opposite of NFTs. There’s an actual finite supply of the stuff, it has true physical utility, and human beings quite literally need it to live.
Still, that doesn’t mean every farm is a good investment. Far from it! You should check for red flags when investing in collectibles or NFTs, and farmland is no different.
But how do…
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Mortgage bonds cool down.
Homebuyers were gifted an opportunity in early Aug. as we saw the national mortgage interest average for a 30-year fixed conventional loan decline to 5.05% down from 5.90% almost a month earlier. The Federal Reserve raised the federal funds rate by 75 basis points signaling a strong posture to combat inflation in the economy. In anticipation of the news mort…
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Top 5 Tips for Realtors on Mortgage Lending
Unless your customers are cash buyers, the home mortgage loan plays an integral role in most real estate transactions. The relationship between buyers, lenders, and realtors is important to a successful, prompt closing. And a complementary relationship between the Realtor and mortgage loan officer is essential.
Many factors play into a successful …
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Save or Spend? A Real Estate Story
Save or Spend? A Real Estate Story
In my first years as a real estate broker, I learned a lot. I became a part of many families’ life stories. I was helping first-time buyers, sellers, and those wanting Real Estate as an investment. In 2008 though, I along with many others were caught in the middle of the Great Recession. We all …
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Central Area Neighborhood Development Organization
Central Area Neighborhood Development Organization- You’re already a member!
A neighborhood is a group of residents, businesses, property owners, schools, agencies, and congregations within a designed geographical area. If you live, work, or own property in Salem, you are automatically a member of at least one NA (don’t worry, there aren’t any dues!).…
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Salem Residential Housing Market March 2022
If the last couple of years have proven anything, it is that life is full of uncertainties. But one factor remains the same: housing prices are on the rise. This non-stop trend has proven to cause significant stress for the home-buyer and has generated a windfall for homeowners. Despite this disparity, real estate activity has remained high and steady. …
This month’s Emerging Leader Spotlight is Kelsey Oran of Hancock Commercial Real Estate.
This month’s Emerging Leader Spotlight is Kelsey Oran of Hancock Commercial Real Estate.
Name: Kelsey Oran
Title: Principal Broker & Partner at Hancock Commercial Real Estate
How do you define leadership?
I believe leadership is using one’s gifting’s to influence and elevate those around them. Leaders a…
Keep ReadingResidential Real Estate Market: 2nd Quarter Report, 2021
This has been a big year for real estate so far in 2021 with a seller’s market, home prices rising at increasing rates, lowest interest rates we have ever seen, and also the lowest inventory we have seen in many years... 2021 has proven to be an interesting year in residential real estate. If you’re in the Real Estate industry, Construction, Development,…
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