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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, January 08, 2015
BY CAMBIA HEALTH SOLUTIONS & OREGON BUSINESS COUNCIL | OP-ED
Businesses have a significant stake in the health of Oregonians. In fact, we cannot succeed without it. By committing to using our companies as levers for good health, we invest in our people, our business, our quality of life and our economy.
Thursday, December 04, 2014
BY DEBRA RINGOLD | OP-ED CONTRIBUTOR
How important are institutional and/or program evaluations provided by third parties in selecting a college or university program?
Thursday, January 15, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR
Consumers love the savings they get from low oil prices, but how has business been affected?
Saturday, December 13, 2014
The president of LaPorte & Associates lets us in on his day-to-day life.
Friday, January 23, 2015
BY DAN COOK | PHOTOS BY JASON E. KAPLAN
A real-estate developer and a Lithia Motors executive aim to revamp the city's forlorn downtown.
Tuesday, December 09, 2014
BY LINDA BAKER
On the eve of the Portland Ad Federation's Rosey Awards, Matt Anderson, CEO of Struck, talks about the transition from creative director to CEO, the Portland talent pool and whether data is the new black in the creative services sector.
Thursday, December 18, 2014
2014 was a year of wild contradictions, fast-paced growth and unexpected revelations.
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Is your business ready to join us in the call for action? This opening panel includes Oregon businesses who will discuss why they signed the Oregon Climate Declaration, the investments they are making to reduce carbon emissions, and how their actions are affecting their companies.
Get ready for two days of special events produced with the EPA, Portland Timbers and ISOS before and after the GoGreen Conference on October 16.
How sports tourism is driving economic growth and making cities across Oregon a better place to live.
Port of Morrow's business-ready attitude has a surprising global impact.
Through its support of the arts, the Cultural Trust is strengthening the business community.
The official launch will be Jan. 14.
In a switch on the traditional trade show, representatives from UO departments and local and state agencies will host tables to connect with businesses and vendors. The fourth Reverse Vendor Fair will take place Wednesday, Feb. 25, in Eugene.
Featuring Oregon Department of Agriculture Director Katy Coba along with high-profile Oregon Ag attorney Tim Bernasek whose recent matters include representing the Oregon wheat farmer who discovered unreleased “Roundup Ready” resistant GMO wheat growing in his fields.