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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.
Friday, June 13, 2014
BY CLIFF HOCKLEY | OB GUEST BLOGGER
This article summarizes the key considerations a building owner must keep in mind when thinking about leasing to a medical marijuana dispensary.
Thursday, June 12, 2014
BY ANDREA DURBIN | OB GUEST BLOGGER
Last week, the Obama administration took an important and welcomed step in the effort to protect the health and well-being of all Oregonians by limiting carbon pollution from existing power plants.
Friday, May 30, 2014
Watch the 2014 100 Best Green Companies keynote speech by Eric Friedenwald-Fishman.
Thursday, June 19, 2014
BY MONICA ENAND | GUEST CONTRIBUTOR
Nine tips for building habits among employees to respond when needed.
Friday, July 18, 2014
BY JASON NORRIS | OB GUEST CONTRIBUTOR
Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
Monday, July 14, 2014
BY TERRY "STARBUCKER" ST. MARIE
I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
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