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👁🗨 Sesemi STR Hot Sheet | 📲 STR Mortgages
Dear Sesemi STReet Subscriber,
This week I came across an eye-opening stat: Oregon home prices rose nearly 700% in the past 40 years - second in the nation only to Washington. It is no secret that Oregon Coast property is in high demand but we were surprised to discover that (even amongst all the negative economic headlines) - nearly 20% of ALL single family and multi-family properties on the Oregon Coast are currently Pending. It’s been a slightly softer and later start to Spring Shopping Season, but activity will rise further with higher temperatures and lower borrowing rates. Check out the chart below…
Hosted by OR & CA RE Broker and NMLS Mortgage Broker Anthony AJ Wong.
Active Single Family & Multi Family Listings
Region | TOTAL SFR Listings | Pending | TOTAL Multi-Family Listings | Pending |
|---|---|---|---|---|
Total OR Coast | 1456 | 291 | 73 | 15 |
Eugene | 495 | 177 | 27 | 9 |
📝 Real Estate Investment & STR News:
Portland and Oregon propose suspending development fees to encourage construction and relieve housing shortage.
We’re continuing to keep an eye on the proposed tax cuts that could extend the STR Tax Loop Hole!