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Home-price growth in the Portland area is slowing but still climbed by 1% in March, according to the S&P CoreLogic Case-Shiller home price index. Prices are up 9.2% from a year ago. Nationally, prices rose 5.8% in March. Homebuyers face a slim supply of homes for sale. The median sale price in the Portland was $370,000 in March, it rose to $385,000 in April.


Pendleton Woolen Mills President Mort Bishop III will retire effective June 30th. He has served in the role since 1999 and worked for the family-owned company for 40 years. He will continue to serve on the board. (PBJ)

Amazon plans to hire 1,000 workers for its distribution center in Troutdale. Amazon plans to invest $178.4 million in a robotics fulfillment center. (PBJ)

The CNBC/SurveyMonkey Small Business Survey index posted 60 in the second quarter, on a scale of 0–100. Male small-business owners were found to be more optimistic than females, with a confidence level of 62, versus female small-business owners, with a confidence level of 56. Owners with less than four employees have a confidence level of 58. Those with 50 or more employees scored 67.

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.
 

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Help Puerto Rico

Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

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  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.