Real Estate News


February RMLS Market Analysis

The market numbers for February were a bit of a mixed bag for the Portland Metro Area. The median home price increased by 3.9% compared to February of last year, which was a welcome relief after January saw the median price fall for the first time in nearly seven years. That said,…

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Reinvesting in Homeownership & Homelessness Prevention

Earlier this month, the Oregon House introduced the Homeownership and Housing Opportunity Bill (HB 3349). This bill strengthens homeownership opportunities for Oregonians by phasing out mortgage interest deductions for the top five percent and reinvesting those funds. It’s without debate that Oregon is facing a housing crisis. Many people and their families…

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Legislation Drafted to End Single-Family Zoning in Oregon

Oregon House speaker, Rep. Tina Kotek (D-Portland) is drafting legislation that would signal the end of single-family zoning across the state in cities with a population of 10,000 or more. This means that property owners would be allowed to build additional units or buildings on a property that is currently zoned for…

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City Club of Portland Report finds The City Needs More Commissioners

A new report from City Club of Portland argues that the city needs more commissioners Since 1913, Portland has operated under a commissioner model of government and is the only major US city that still uses this model. Under the commissioner model, voters elect city-wide commissioners rather than representatives for specific districts.…

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Updates on Senate Bill 608: State-Wide Rent Control

Historic tenant protections are getting closer in Oregon. On Tuesday, February 12, the Oregon Senate passed SB 608 in a 17-11 vote. Now it will move on to the Oregon House. According to OPB, “Senate Bill 608 is now expected to sail through the Oregon House of Representatives, the more left-leaning chamber,…

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Market Snapshot: 97219 SW Portland

This week we take a closer look at the zip code of 97219 in Southwest Portland. This area covers a large swath of SW which includes the neighborhoods of Multnomah, Markham, Arnold Creek, Collins View, Riverwood, among others. The area is largely residential and includes a number of large green spaces including…

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