Rental Housing Detached Units Declined 30 Percent in Portland

Not unexpected by those in the Rental Industry, Rent Control hurts those it intends to help. The Oregon Association of Realtors and Multi Family NW retained ECONorthwest to conduct an independent study. The study determined that rental housing declined 30 percent in the City of Portland from 2015 through 2020. Summary The number of single…

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Setting Market Rent in Oregon and What You Need to Know

The most common question among investment property owners is “how much can I rent my house for”? You cannot set your rent arbitrarily. Too high and you run the risk of longer vacancies. Too low and you’re losing potential income. Especially when your setting market rent in Oregon. There are many things that must be…

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Portland Median Rents Continue Decline While Salem Sees Gains

Portland rents have declined sharply by 1.6 percent over the past month, and have decreased by 6.5 percent year-over-year, according to the latest report from Apartment List. This is the eighth straight month the city has seen rent decreases. Median rents in Portland are now $1,126 for a one-bedroom apartment and $1,313 for a two-bedroom. While…

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Real Estate Market Conditions Portland Area for May 2020

May Residential Highlights  New real estate listings (3,419) decreased 30.3% from the 4,902 listed in May 2019, and increased 20.1% from the 2,847 listed in April 2020. Pending sales (3,112) decreased 5.5% from the 3,292 offers accepted in May 2019, and increased 52.5% from the 2,041 offers accepted in April 2020. Closed sales (1,963) decreased…

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How the Housing Market Benefits with Uncertainty in the World

It’s hard to listen to today’s news without hearing about the uncertainty surrounding global markets, the spread of the coronavirus, and tensions in the Middle East, just to name a few. These concerns have caused some to question their investment plans going forward. As an example, in Vanguard’s Global Outlook for 2020, the fund explains,…

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Planning for Opportunity Zones Investments in Oregon

You’ll find detailed information in this video about Federal and State Opportunity Zone investing. On May 17, 2019, at the REALTORS Legislative Meetings & Trade Expo, NAR hosted a discussion on planning for opportunity zone (OZs) investments. The focus of the discussion centered around the question of how the REALTOR® community can engage in efforts…

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Portland and Salem Rent Trends Might Suprise You

Where do you think area rent trends are headed? The Portland and Salem Trends Might Suprise You. With all the media talk about the rising cost of housing in our local Northwest area, you would be likely to believe rents are out of control. That rents are rising and there is no end in sight.…

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This 365-Day Mortgage Rate Forecast Will Impact Leverage and Cash Flow

This 365-Day Mortgage Rate Forecast Will Impact Leverage and Cash Flow Do your plans include buying an investment property this year? It may not make sense to wait! Mortgage interest rates and investment property prices are both projected to increase significantly throughout 2019 in the Oregon and Portland Metro Market. This will effect Leverage and…

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