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Business Industry News Blog

The down payment is too damned high

By admin

Wednesday, April 19th, 2017

In a lot of places, renters would be better off as buyers: Making a mortgage payment in almost all of the 35 largest metro areas in the U.S. is cheaper than paying the monthly rent. But renters are having trouble getting over one specific road block to homeownership. That hump is the down payment. Almost […]


More than 55 affordable homes coming to Bend by 2019

By admin

Wednesday, April 19th, 2017

Developers have responded to Bend residents’ cries for more affordable housing with plans to finish dozens of new units by the end of 2019. Within the next two years, Bend’s poorest residents could be able to buy or rent more than 55 new homes and apartments, according to city documents. The units — which range […]


Metro Council mulls changes to urban boundary process

By admin

Wednesday, April 19th, 2017

With the region facing a severe housing shortage, the Metro Council is changing when and how it decides whether to expand the urban growth boundary where new development can occur. But don’t expect the elected regional government to soon approve a series of new subdivisions, despite the low number of single-family homes for sale. Changes […]


Last chance to claim many residential energy tax credits

By admin

Wednesday, April 19th, 2017

Tax Day is right around the corner but it’s not too late to remind your customers about the residential energy tax credits available to both new-home buyers and those who made efficiency improvements to existing homes in 2016. Since most of the tax credits expired at the end of last year, April 18 is the […]


If corporate tax plan fails, lawmakers could raise personal income taxes

By admin

Wednesday, April 19th, 2017

Lawmakers could ask high-earning Oregonians to pay more in personal income taxes, if a plan to tax corporations’ sales rather than their profits fails. Though legislators are discussing ways, in small, closed-door meetings, to address the state’s $1.6 billion budget shortfall for the upcoming biennium, a few rough-hewn bills are making their way to committees […]


Housing shortage nuanced across state, county setting records

By admin

Wednesday, April 19th, 2017

While housing affordability in Oregon has not improved, economists say it has at least stopped getting worse. At the local level, developer Tim Drechsel said the county lacks affordable housing for first-time buyers. “In Douglas County, there’s a lot on the market, but it’s all on the higher end,” he said. “Anything under $300,000 disappears […]


Homebuilders could be losers in early test of Trump trade policy

By admin

Wednesday, April 19th, 2017

A long-simmering trade dispute between the U.S. and Canada over lumber is heating up, increasing the cost of building houses and causing American businesses to hunt for supplies in other countries. A detente between the normally friendly neighbors expired in October, and a new agreement isn’t on the horizon. That’s contributed to a more than […]


Elder tech: The next level in age-friendly housing

By admin

Wednesday, April 19th, 2017

Builders have come a long way from the days when putting in a ramp, some grab bars and maybe a wheel-chair accessible bathroom was regarded as design for aging. As the nation’s older population has expanded, builders have adopted accessibility and visitability standards and universal design principles into their properties. Now, the future has come […]


Bill exempting slow-growing Oregon counties from land use goals survives

By admin

Wednesday, April 19th, 2017

An bill exempting slow-growing counties from Oregon’s land use goals is staying alive this legislative session, though it’s probably headed for revisions. Local governments would be exempt from statewide goals intended to preserve farmland and contain growth under Senate Bill 432, as long as they have 50,000 or fewer residents and haven’t expanded since the […]


Bend’s affordable home builders look to city as federal assistance wavers

By admin

Wednesday, April 19th, 2017

When trying to make financial sense out of building homes to sell or rent for below market prices, developers often depend on federal money for help. But Pacific Crest Affordable Housing, a Bend-based housing developer, has figured out a way to build affordable homes without relying on such uncertain funding. Pacific Crest is planning to […]


Winter months take a toll on La Grande housing market

By admin

Wednesday, April 12th, 2017

One might say La Grande’s housing market is a seller’s paradise. Angela D’Antonio thinks so. She’s been looking for a year to find a place for her parents, who are moving from Harney County to La Grande. And she hasn’t had much luck. “The rental and house market (in La Grande) is really tight,” D’Antonio […]


Tips for managing crews over several jobs

By admin

Wednesday, April 12th, 2017

Business is booming, and your company is taking on more projects. That’s good news, but without proper management and scheduling, you could find yourself quickly losing control. Here are some tips to keep everything in place. Plan for a glut of work before the influx begins. First, take stock of your employees, tools, equipment, go-to […]


Oregon’s economy soars yet state budget gap grows: Here’s why

By admin

Wednesday, April 12th, 2017

Oregon has never seen times quite like these. Unemployment is the lowest on record. Wages are rising at a 4 percent annual clip. The state is enjoying an unprecedented housing boom, and even lagging rural areas are adding jobs at a steady pace. For Oregon’s budget, though, it’s still not enough. Not nearly enough. The […]


Millennial homeownership is a struggle — except in China

By admin

Wednesday, April 12th, 2017

Homeownership rates for millennials in the U.S. have been steadily declining over the last decade, and nearly a third of them still live with mom and dad. But do you know where the so-called “American Dream” of homeownership is alive and well? China. A study from HSBC found that some 70 percent of Chinese millennials […]


Large development planned for Northwest Corvallis

By admin

Wednesday, April 12th, 2017

Work could begin this summer on perhaps as many as 275 single-family homes and duplexes in northwest Corvallis. The Ponderosa Ridge development, phases three and four of the previous Suncrest project, will go before the Planning Commission at a date still to be determined. Neighbors who were briefed about the development at a Nov. 15, […]