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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.
Tuesday, February 24, 2015
BY KIM MOORE | OB RESEARCH EDITOR
A partnership of a grassroots environmental organization and a youth group is striving to build community and business support for carbon price legislation.
Monday, January 26, 2015
BY JACOB PALMER
Fittingly, Light at Play — a business whose sole purpose is to create mesmerizing ambience — was conceived at Burning Man.
Friday, January 23, 2015
BY LINDA BAKER | OB EDITOR
The Northwest Environmental Business Council previews the 2015 legislative agenda as Hatch Oregon celebrates Oregon's new community crowdfunding rules.
Monday, February 23, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR
Power Lunch at Swagat in Hillsboro.
Friday, February 27, 2015
PHOTOS BY JASON E. KAPLAN
Images from the 2015 celebration of Oregon's great workplaces.
Friday, February 20, 2015
BY AMY MILSHTEIN | OB CONTRIBUTOR
Don’t just sit there. For a healthy workplace, move up and down — and all around.
Monday, January 26, 2015
BY AMY MILSHTEIN | PHOTOS BY JASON E. KAPLAN
The Jade International District, already Portland's center of Asian life, is poised for rejuvenation. Where does that leave the westside's historic Chinatown?
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Generations of students and graduates have been plagued by the question: What is my true calling in life? Four alumni from Corban University’s Hoff School of Business who graduated in different decades say the school helped them find the answer by giving them a practical, well-rounded education.
It’s happening whether anyone’s ready or not. Businesses here in Oregon and across the U.S. are already experiencing the effects of the largest generational shift in recent history, and these changing tides will impact every level of the workplace — from a company’s executive leadership to its cultural core.
Success stories spotlight meaningful career opportunities in Oregon's diverse and lucrative tourism industry.
Parkinson's Resources of Oregon (PRO) is pleased to announce, long standing Intel manager, Kelly Sweeney has joined the agency’s Board of Directors as a member at large.
Local businesses interested in offering retail items, food and beverage, or passenger services at Portland International Airport are invited to attend one of two meetings on March 17.
The Firm was recognized for the strength of its case matters during 2014, including precedents set or verdicts with notable high dollar amounts at stake.