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First-Annual Oregon Housing Economic Summit Draws 400 Industry Stakeholders and Public Officials to Salem
January 17, 2020
Corporate Activity Goes Into Effect January 1, 2020
December 12, 2019
Some REALTORS® and brokerages have recently received a letter from the Oregon Department of Revenue reminding them that Oregon’s new Corporate Activity Tax goes into effect January 1, 2020. Here is what you need to know about the tax:Only applies to sales/revenue generated in Oregon Applies to all business types (including independent contractors and ...
SB 608 Updated Summary
November 25, 2019
We have updated the Senate Bill 608 Summary to help answer additional questions associated with the passing of statewide rent control. Senate Bill 608 ends no-cause evictions and limits annual rent increases to 7% + CPI after the first year of occupancy. It was signed by the Governor and took effect on February ...
HB 2001 and HB 2003: Helpful Resources and Update on Rule-making
November 12, 2019
In the 2019 legislative session, OAR supported two pieces of legislation aimed at increasing housing supply across Oregon: HB 2001 and HB 2003. HB 2001 requires cities with more than 25,000 people to allow for townhomes, duplexes, triplexes, quadplexes and cottage clusters on land zone for single-family use beginning in 2022, and requires cities with 10,000-25,000 people ...
Industry Leaders Partner for First-Annual Oregon Housing Economic Summit
November 5, 2019
Salem, Ore., November 5, 2019 – Associations representing Oregon’shome builders, bankers and REALTORS®are partnering for the first-ever Oregon Housing Economic Summit (“Summit”), taking place January 16, 2020 in Salem. The event brings leading housing industry experts, economists, and Oregon legislators together to discuss the state’s housing and economic environment and barriers facing the industry....
Opportunity Zone Forum
November 4, 2019
Opportunity Zones were created by the Tax Cuts and Jobs Act of 2017. Investments in Opportunity Zones offer substantial tax advantages for investors while helping to transform low-income communities. Over 300 million dollars have already been invested in Oregon’s Opportunity Zones. Are you and your clients ready to learn how to take advantage of this new opportunity?...
National Flood Insurance Program is set to expire on September 30, 2019
September 10, 2019
Without Congressional action, the National Flood Insurance Program is set to expire on September 30, 2019. NAR is working with Congressional leaders and the White House to secure a long-term reauthorization of NFIP before then. In the meantime, NAR has prepared this FAQ sheet to help answer any client questions about what this means ...
2019 Oregon Legislative Session Report
September 6, 2019
The 2019 Legislative session was one of the most consequential sessions in decades with major legislation effecting business taxation, private property rights and housing supply, among other issues.
In the 2019 Legislative Session Report we review the bills passed—and those that failed—with an impact on REALTORS® and Oregon’s Real Estate Industry. The report also discusses ways ...
REALTOR® Vikki Breese Iverson Represents House District 55
August 28, 2019
Congratulations to REALTOR® Vikki Breese Iverson for being unanimously appointed to represent House District 55. She was sworn into office on August 15, 2019 surrounded by family and friends. We are so excited to have her representing the real estate industry at the Capitol.
To learn more, Rep. Breese-Iverson Sworn-in Today Aug 13 ...
HUD to Announce Long-Awaited FHA Condo Rules
August 14, 2019
The U.S. Department of Housing and Urban Development is expected to release updated guidance tomorrow on FHA-insured condominium financing. The new rules should benefit your real estate clients and customers by allowing more buyers to obtain low down-payment mortgages on affordable housing options. Specifically, the new rules will:Extend FHA certifications on condo developments from ...