Housing
An expected impact of the virus crisis is a need for more residential space, as people use homes for more purposes including work. Recent data confirms this impact on the market continues to occur. According to third quarter 2021 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, median single-family square…
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The People’s Bank of Commerce Foundation has awarded a grant in the amount of $150,000 to Rogue Retreat for the renovation of five rooms at the Redwood Inn. The five newly renovated studio apartments will be used with the first and primary goal of helping people displaced by the Almeda and other wildfires in Southern…
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By Brad from Stessawww.stessa.com Supreme Court eviction ruling In a 6-3 decision last week, the Supreme Court ruled that the U.S. Centers for Disease Control and Prevention (CDC) didn’t have the authority to impose an eviction moratorium. According to Greg Stohr of Bloomberg, President Biden acknowledged the moratorium, which originated under the previous administration, was on shaky legal ground, however noted it was…
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Mortgage lender approaches 150 teammates in the rapidly growing PNW region just two years after launch Churchill Mortgage, an industry leader providing conventional, FHA, VA and USDA residential mortgages across 48 states, announced today the next chapter of its Pacific Northwest expansion with the acquisition of Team Canales, a team led by three women with…
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By Damon Runberg Regional Economist Crook, Deschutes, Jefferson, Klamath, and Lake counties damon.m.runberg@oregon.gov It has been well documented that in Central Oregon, particularly Bend, housing is in short supply. According to data from the Multiple Listing Service analyzed by the Beacon Appraisal Group we see that available inventory of residential real estate has remained below…
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by Damon Runberg Regional Economist Crook, Deschutes, Jefferson, Klamath, and Lake counties damon.m.runberg@oregon.gov (541) 706-0779 Several years ago I produced some analysis that calculated who can afford housing in Bend. The relatively high cost of living even back in 2016 was leading many within the community to worry that meaningful contributors to our local workforce were…
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Bob Kendrick, an Ashland developer is moving forward with his “Grand Terrace” project that he has been working on for 7 years. The 17 acre site on the north end of Ashland will have 12 buildings when complete. He plans on building 4 at a time. Each building will contain 21 One bedroom units of…
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By Jim Teece Publisher – Southern Oregon Business Journal It has been nearly seven months since the wildfires of 2020 devastated Oregon with over 2,500 homes lost just in Southern Oregon. I noticed that the FEMA trailers that were parked at the Jackson County Expo, that have been there for months waiting for spots to…
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I sat down with Steve Erb, Chief Strategy Officer of People’s Bank to talk about the new mixed-use bank building he just oversaw the construction of in Klamath Falls. It’s the first mixed-use building the bank has built and might become a blueprint for future branches. The bank occupies the entire first floor of the…
Read MoreBy Josh Lehner Oregon Office of Economic Analysis oregoneconomicanalysis.com One of the darker, underlying currents to the housing discussion is something along the lines that it’s the builders and developers who benefit the most, often described as exploiting or eroding our livability and quality of life. Usually this is couched in, shall we say, more…
Read MoreHunter to provide up to 1 Gbps symmetrical fiber broadband internet Hunter Communications (Hunter), the premier fiber-optic communications services provider in southern Oregon and northern California, has been awarded $19.2 million through the Federal Communication Commission’s Rural Digital Opportunity Fund (RDOF) Phase I auction. Hunter will deploy 100% fiber-optic broadband networks to offer up to 1 gigabit symmetrical internet services to…
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Did you know that on any given night in Coos and Curry Counties, over 700 people are homeless? While often viewed as an “urban” problem, homelessness and housing insecurity are also experienced in rural communities. While the causes that result in homelessness are complex, the solution is well known – more affordable housing where people…
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