Housing
Southern Oregon’s Housing Crunch: A Growing Threat to Our Workforce and Local Economy
Southern Oregon’s Housing Crunch: A Growing Threat to Our Workforce and Local Economy In Southern Oregon, a healthy housing market is critical to sustaining our communities, supporting local businesses, and attracting a stable workforce. But as rental and homeownership costs soar across the state, Southern Oregon is not immune. The…
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Oregon needs to build 29,500 more homes each year, chief economist says
Oregon needs to build about 29,500 more homes each year, mostly in the Portland region and Willamette Valley, to emerge from a housing shortage years in the making, the state’s chief economist told lawmakers Monday. The state’s Office of Economic Analysis recently released its first annual housing needs analysis report, with homebuilding…
Read MoreCommonwealth Development Corporation And Wnc & Associates Announce Development Of Affordable Housing Community In Phoenix, Ore.
The new development will provide 72 units of affordable housing to area recovering from the 2020 Almeda Fire By Press Release – March 26, 2024 Commonwealth Development Corporation, one of the nation’s largest, majority woman-owned, affordable housing development companies, and WNC & Associates, a family-owned business known as both a…
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HB 2984 – Commercial to Residential Conversion
HB 2984 passed and is awaiting the signature of Governor Kotek – The bill requires local governments to allow conversion of a building from commercial to residential use without requiring a zone change or conditional use permit. Shifts in the retail industry toward online shopping, and the advancement of remote…
Read MoreTiny Homes Market to Reach USD 3.57 Billion Globally by 2026 at 4.45% CAGR | Technavio
The “Tiny Homes Market by Product (Mobile tiny homes and Stationary tiny homes) and Geography (North America, Europe, APAC, South America, and the Middle East and Africa) – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for…
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A Rapid and Dramatic Shift Toward Less Affordable Housing in Oregon
The COVID-19 pandemic shock resulted in significant impacts to the housing market across the nation. Early lockdowns, a push to more work-from-home, and the large millennial demographic reaching prime family-formation age dramatically increased the number of buyers on the market. The surge in demand led to a shortage of housing…
Read MorePaving the way to Talent’s Long-Term Recovery
Learn more about the CITY OF TALENT URBAN RENEWAL WORK PLAN From https://www.talenturbanrenewal.com/workplan Why is Talent considering an Urban Renewal plan? Talent lost 1/3 of our housing in the Almeda fire, including much of our more affordable housing. We lost 60% of our businesses. Firefighters were needed to respond to…
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Single-Family Home Size Continues to Trend Higher
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…
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People’s Bank of Commerce Foundation Grants $150,000 To Rogue Retreat
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…
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Rents Becoming More Unaffordable
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…
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Churchill Mortgage Continues Expansion in Pacific Northwest with Acquisition of Salem Based Team Canales
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…
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Central Oregon’s Housing Woes
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…
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