Since the beginning of the COVID 19 pandemic we have seen a huge increase in demand for housing and a shortage of inventory. For homeowners, fortunately inflation is a benefit.
Category: News
990 Broadway Improving Downtown
The newly constructed 990 Broadway building is an incredible addition to the downtown Salem community.
New Ward Boundaries Approved in Salem
Monday, November 22 Salem's City Council approved new ward boundaries. These boundaries are intended to account for future growth over the next 10 years.
Affordable HOME Act
Jeff Merkley, Oregon’s Senator, introduced the Affordable HOME (Housing Opportunities Made Equitable) Act earlier this year. In an email sent out by Merkley he says, “The Affordable HOME Act is designed to reduce the shortcomings of current housing policies and funding levels, by boldly addressing racial, gender, and economic disparities, along with systematic obstacles to…
Experts Hopeful COVID Forbearance Will Leave Minimal Impact as A Whole
Another housing market crash has been a looming fear ever since 2008. With homeowners being financially impacted by COVID19 these fears are even higher. As of July 23rd there were 1.75 million homes still in forbearance. However, experts are hopeful due to the many lending regulations that were put into place after 2008, these should…
Max Rent Increase Set for 2022
September 15, the State of Oregon's Office of Economic Analysis announced the rent increase rate for 2022 can be no higher than 9.9%. In 2021 the max increase was 9.2%
Eviction Moratorium Lifted
This past Thursday, the U.S. Supreme Court ended the CDC's eviction moratorium.
Rental addition to your property?
It's no secret that building costs are at an all time high and for multifamily builds the cost benefit isn't there. Due to the housing crisis in Portland they have adopted new residential infill policies to allow multifamily housing in single-family neighborhoods.
Expiring Eviction Ban
The Nationwide Eviction Moratorium is set to expire today, July 31st. Originally set to expire in September 2020, the Biden administration has extended it multiple times. On July 29th the Biden Administration said it would not attempt to extend the moratorium but President Biden is now asking Congress to intervene and extend the ban.
Tesla Moving into the Real Estate Market
The Legacy RE Group is constantly looking for new and inventive ways to improve our business and the homes and properties of the clients we serve. We hope to see more sustainable living practices as our community grows.