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Lance Fisher
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Lance Fisher
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Local News


A national report is showing a dip in national housing prices, and it also shows that Portland is one of the hardest hit cities. The new report out Monday shows Portland home prices fell 7.6% in the past year.  The Standard and Poors Index ranked 20 top cities. Portland had the third-worst drop among surveyed cities.

But, going forward, the trend may be turning around in Central Oregon. The national story may sound bleak, but the President of the Central Oregon Association of Realtors says local agents are seeing more positive signs that should support better pricing in the near future. Lester Friedman explains: “We're seeing a lot of activity, a lot of buyers who've contacted realtors who are looking. Anecdotally, all the realtors that I speak with in our association say have told me they are busier than they have been, so that bodes well.” At the same time, Friedman says they are starting to see foreclosures come back on the market after the banks had withdrawn them as they sorted through legal questions over the mortgage electronic registration system or "MERS": "But inventories are still low, and as buyers look for houses, with fewer to choose from, it helps support pricing.” The drop put home prices in Portland at levels not seen since the fall of 2004. Seattle was one of only two cities on the list to show year-to-year growth in home prices.

 

 

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Traffic & Weather

 

 

 

King Solomon Lane closed between Ferguson Road and King David. (7/25)

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

Oregon State University off-site improvements for intersection reconstruction, July 11 – August 3,    7 a.m. – 4:30 p.m., at intersection of Chandler Avenue and Yates Drive.

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 

R.A.B. Construction:

 

Murphy Road and Parrell Road closed with detours. (9/30)

 

Powell Butte Highway at Neff and Alfalfa Market Roads (8/31)

 
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