Residential

Portland to Pay $500K for Site to Build Affordable Housing
The city government in one of the nation’s most expensive housing markets is planning to spend $500,000 to purchase a 19,000-square-foot site for the construction of a 50-unit affordable housing development
The city government in one of the nation’s most expensive housing markets is planning to spend $500,000 to purchase a 19,000-square-foot site for the construction of a 50-unit affordable housing development.   According to a Willamette Week report, the Portland Housing Bureau selected the site in... Keep Reading....
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Vacasa, a Portland-based vacation rental management company, has debuted Vacasa Real Estate, an online network connecting real estate agents with buyers and sellers of vacation properties
 Vacasa, a Portland-based vacation rental management company, has debuted Vacasa Real Estate, an online network connecting real estate agents with buyers and sellers of vacation properties.   Vacasa, which manages more than 9,000 homes and accommodates more than one million guests annually, created... more
Sales on homes worth $1 million and higher were up 25 percent from one year ago, according to Realtor.com’s June 2018 Luxury Home Index
 Sales on homes worth $1 million and higher were up 25 percent from one year ago, according to Realtor.com’s June 2018 Luxury Home Index. This represents the greatest year-over-year spike since January 2014.   In the 91 luxury markets analyzed for the index, the entry-level price for luxury housing... more
The increased use of alternatives to traditional residential property appraisals has the potential to dilute the credit quality of new residential mortgage-backed securities (RMBS) unless certain risks are mitigated
 The Columbia Institute (TCI), an Irvine, Calif.-based training provider for the valuation industry, has created an appraiser trainee program designed to increase the number of qualified appraisers. CoreLogic has commissioned and underwritten the new Appraiser Trainee program through TCI and will... more
An Iowa state agency is trying to promote a plan to use inmates to construct at least 100 homes for low-income households across the state
 An Iowa state agency is trying to promote a plan to use inmates to construct at least 100 homes for low-income households across the state.   According to an Associated Press report, the Iowa Department of Corrections believed the program could solve three problems at once: alleviating the shortage... more

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