Real Estate News


Big Change to ADU Taxation Rules

Last week the Oregon Department of Revenue issued a new draft rule clarifying existing tax rules for newly constructed Auxiliary Dwelling Units (ADUs) in Oregon. Starting in 2015, Multnomah County arbitrarily (and without warning) altered the way it interpreted existing tax law surrounding ADUs. Originally, when a homeowner built an ADU it…

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March Housing Numbers

Despite some seasonal increases, the Portland Metro area saw fewer homes come on the market, and fewer pending sales than this time last year. The decrease in new listings fueled higher prices – 15.5% higher median price and 14.2% higher average price over last year. Inventory also dropped again, down to 1.3…

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Portland Neighborhoods

Portland Monthly has put together the definitive collection of neighborhood statistics for all of Portland and the suburbs. In addition to the regularly reported statistics — median home price, population density, etc. — there are some truly unique gems to be found. Did you know that Hayden Island has the highest median age in…

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Oregon Legislature Lifts 17-Year-Old Ban on Inclusionary Zoning

Last week the Oregon Legislature approved a number of housing bills aimed at addressing the lack of affordable housing throughout the state. The most significant for Portland is Senate Bill 1533 which lifts a 17-year-old ban on inclusionary zoning. Inclusionary zoning is the practice of cities and counties requiring developers to include…

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West-Coast Mayors Ask for $450m for Affordable Housing

The “West Coast Alliance of Mayors” – a group of mayors (including Portland’s Charlie Hales) from Eugene, Seattle, San Francisco, Los Angeles, San Diego, San Jose, Sacramento, Oakland and Honolulu – has officially asked the federal government for an additional $450 million in funding for affordable housing. The request includes funds for: Rental assistance…

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Tiny House Movement

There has been a lot of talk lately about the Tiny House Movement. Tiny houses are popping up all over Portland, so why are they so popular? Green Living Ideas put together some tips for understanding tiny houses and whether a tiny house is for you! Green Living Ideas: Strategies For Thinking About A…

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