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%
Nestled among beautiful custom homes are two parcels with a total of 9.1 acres of land for sale. In blue, address 1177 Twin Hills Rd SE is 5.930 acres and has potential to be divided into two parcels. In yellow is 1199 Twin Hills Rd SE which is is 3.170 acres.
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.
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.
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.
With laws constantly changing, housing providers are strongly encouraged to seek legal advice prior to serving any notice of termination for nonpayment.
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.
Did you know many of our agents are also members of the Regional Multiple Listing Service (RMLS). The RMLS Services several counties throughout Oregon and SW Washington. Within the RMLS Database here are the following stats for 2020. All residential properties listed for sale: 71,940All residential properties sold: 61,350Median sold price of homes listed: $397,000Total…
While 2020 was a year like we've never experienced before, the real estate market saw an increase in most areas. The Willamette Valley Multiple Listing Service (WVMLS) gathered and shared some impressive statistics. The Median Sold Price was $329,9000, which is up 10.4% from 2019. Another impressive number are the units sold at 7,310, which…