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|Articles - June 2011|
|Wednesday, May 18, 2011|
The population in this quaint mountain town more than doubled from 959 people in 2000 to 2,038 in 2010. Homes multiplied even faster. Sisters upgraded its sewer system just prior to the real estate boom, enabling more property owners to subdivide and build for an influx of retirees and speculators, many of whom were willing to pay California prices. By the time the construction dust had settled, Sisters was topping the charts among Oregon cities in the less appealing category of home vacancies. According to the latest U.S. Census data, nearly a quarter of the homes in Sisters (23.6%) are vacant, as compared to 12% in Bend.
Charting home prices in Sisters over the past 10 years doesn’t show a bubble, it shows a steep mountain: up to a pinnacle and back down quickly to base camp. One home listed for $1.6 million in January 2009 sold in March 2011 for $439,000. Another property listed for $370,000 went back to the bank and sold for $140,000.
Asked who got hurt the worst by the market collapse, Jeff Dobson of Sisters Hometown Realty cites builders who went out of business and people who lost their homes, and then adds, “It might be harder to find people who didn’t get hurt.”
Dobson says the market is recovering, but there may still be some price adjustments to come. “Right now we have a dearth of inventory in the $100,000-$200,000 range,” he says. That’s quite a change for an area that saw median home prices peak at $460,000 in 2006.
Thursday, August 06, 2015
Car and ride sharing services have taken urban areas by storm. Low-income and suburban communities are left at the curb.
Thursday, August 20, 2015
BY DAN COOK
The state’s angel investing fund gets hammered in Salem.
Monday, July 13, 2015
BY KIM MOORE
Revenues in Oregon's private, for profit sector maintained solid growth as the economy continued to rebound.
Friday, July 10, 2015
BY JOE CORTRIGHT
The false promise of economic impact statements.
Monday, July 13, 2015
BY CAMILLE GRIGSBY-ROCCA
Can the brave new world of neurotechnology help an OHSU surgeon find a cure for obesity?
Thursday, July 30, 2015
BY JASON E. KAPLAN | STAFF PHOTOGRAPHER
Greenpeace activists suspended themselves from the St. John's Bridge in an attempt to prevent a ship from heading to the Arctic.
Monday, July 06, 2015
Picking a business partner is not much different than choosing a spouse or life partner, and the business break-up can be as heart-wrenching and costly as divorce.
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Transforming the culture of Oregon’s educational leadership.
The Board dismissed a petition related to efforts to unionize the Northwestern University football team.
Every once in a while we receive a letter in the (fictional) mailbag that is tough to describe and quite compelling. This week, Isabel, the new HR manager at LabCo (and someone who is new to HR), wants to know whether she may fire the owner’s son for having an Oregon medical marijuana card. In passing, Isabel also makes a number of alarming admissions about her motivation. Here is Isabel’s nerve-racking question and our response to it.
Oregon Sick Leave is here, and changes to the federal white-collar worker regulations are on the way. This workshop will prepare you for both. We invite you to participate in an interactive discussion on how to start planning now for the future impact on your operations and finances.
Presented by OEN + CENTRL + YESpdx.
This Roundtable will cover numerous issues under the employer "shared responsibility" rules of the Affordable Care Act, including how to track the "full-time" status of variable-hour employees, temporary or seasonal employees, and employees who experience a change in status or a break in service. Additionally, we will provide a brief overview of Code sections 6055 and 6056, which require most mid-sized and large employers to submit their first information reports to the IRS in early 2016 regarding the health insurance coverage being offered to employees. We invite you to participate in an interactive discussion on how to prepare for the future impact of the shared responsibility rules on your operations and finances.