Central Oregon is seeing a “more balanced real estate market.” Learn more here.
Central Oregon sellers may find that they’re not getting multiple offers within days of listing their homes for sale, but that doesn’t mean the market is turning in favor of buyers.
It does indicate, however, that a transition is building from a seller’s market to a more balanced real estate market for Central Oregon, said Donnie Montagner, owner of Beacon Appraisal Group in Redmond. Real estate professionals say that more homes are up for sale and taking longer to sell. When those two home-sales components change, it creates a more balanced market for buyers and sellers, Montagner said.
Prior to the pandemic, in 2020, a single-family home…
Landlords in Oregon may legally increase rents by up to 14.6% at the start of the new year. Learn more here.
In a state with one of the most challenging housing crunches in the country, Oregon renters could face the highest possible maximum increase since the Legislature enacted limits on rent hikes three years ago.
Starting Jan. 1, 2023, landlords in Oregon may legally increase rents by up to 14.6%. This year, the cap is 9.9% – marking a 4.7 percentage point jump from one year to the next.
According to apartment rental company Zumper, the average rent as of Tuesday for a 1-bedroom residence in…
Seven acres along Simpson Avenue will become a 110-home affordable housing project. Learn more here.
BEND, Ore. (KTVZ) — Deschutes County commissioners voted unanimously Wednesday to sell about seven acres along Simpson Avenue, near the OSU-Cascades campus, for $1.3 million to a partnership of Kôr Community Land Trust and Housing Works for a 110-home affordable housing project.
The county issued a request and received several proposals for the county-owned land in the 19700 block of Simpson Avenue, north of the OSU-Cascades expansion area. It requested plans for a mix of affordable housing, defined as for those earning 60% of the area’s median income for renters and 80% of AMI for home buyers.
The results of the request for proposals…