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%
Category: News
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.
Senate Bill 278 and CDC Moratorium Extension
With laws constantly changing, housing providers are strongly encouraged to seek legal advice prior to serving any notice of termination for nonpayment.
Say Goodbye to Love Letters
Buyer letters, or "Love Letters", have become a common element in the residential housing industry, especially as we see multiple offers increase. However, it puts the seller at risk in violating fair housing laws.
The Importance of 1031 Exchanges
The American Families Plan's proposed cap on like-kind exchanges at $500,000, which would greatly impact larger investors who are repurposing and renovating commercial real estate in a post-pandemic economy.
Eviction Ban Is Unlawful
The Nation Wide eviction ban is unlawful according to a ruling Wednesday, May 5th by U.S. District Court Judge Dabney L. Friedrich of the District of Columbia. Last year the Trump administration put the eviction ban into place and was recently extended through the end of June 2021 by President Biden. In Friedrich's ruling she…
Combatting the Eviction Crisis
Oregon has found itself in quite a hole of unpaid debt in the rental housing market since the start of the Coronavirus pandemic. As of February 2021, an estimated $378 million remains outstanding in rental dues across the state. In 2020, Oregon put into place a Statewide Eviction Moratorium, banning nonpayment-related evictions, and gathered resources…