Salem-News.com Real Estate articles Page 6

Senate Bill Protects Renters When Landlords are in Foreclosure

SB 952 will help prevent unexpected eviction, loss of rental deposits.

(SALEM, Ore.) - With the foreclosure crisis continuing to hit Oregon hard, the Senate passed SB 952 this morning, protecting the rights of tenants when the property they rent or lease goes into foreclosure.

“As the number of foreclosed investment properties continues to increase, Oregon renters face uncertainty about the fate of their homes,” said Senator Suzanne Bonamici (D-Washington County/Portland), chair of Senate Consumer Protection Committee.

President Says Restoring Fairness to Tax Code Means Tax Relief to Working Americans

700 million dollars back in the pockets of Oregon working families as a result of Making Work Pay tax credit.

(WASHINGTON, D.C.) - Today, on Tax Day, President Obama will meet with several working families, just like the ones all across America, who are facing tough choices during this economic crisis.

President Obama underscored his commitment to a simpler tax code that rewards work and the pursuit of the American dream and supports a future of sustained economic growth that creates good jobs and rising incomes for all Americans

Double-Digit Year-over-Year Home Price Declines Continue According to Newly Released Data

Salem home prices continue to decrease.

(SALEM, Ore.) - National resale housing prices fell across the country by 11.6 percent in January 2009 compared to a year ago, according to First American CoreLogic and its LoanPerformance Home Price Index (HPI).

Residential Property Values Fell $2.4 Trillion During 2008 According to Newly Released Data

Salem home prices decrease.

(SALEM, Ore.) - Home prices across the country declined 11.1 percent in December 2008 compared to a year ago, and the total value of residential properties for December 2008 was $19.1 trillion, down $2.4 trillion from $21.5 trillion in December of 2007, according to First American CoreLogic and its LoanPerformance Home Price Index (HPI).

In Salem, home prices have decreased 8.98 percent in December compared to a year ago.

Wyden and Merkley Ask HUD Secretary To Help Preserve Affordable Housing

Senators Put Forward Innovative Financing Strategy to Help Residents Stay in Their Homes.

(WASHINGTON, D.C.) - In a letter to the new U.S. Secretary of Housing and Urban Development Shaun Donovan, U.S. Senators Ron Wyden (D-Ore.) and Jeff Merkley (D-Ore.) asked that he help Americans at this time of economic hardship by preserving affordable housing across the country through an innovative use of “Residual Receipts.”

A New Concept in Real Estate: Optimism

By embracing technology and investing in the local community, young professionals are creating a niche of optimism in Salem.

(SALEM, Ore.) - If necessity is the mother of invention, the real estate market should prepare for a new wheel. Across the country the national media mourns the real estate boom without offering hope for the future. While the older generation tends to have a 'wait-and-see' mentality when the market is struggling, the younger generation sees it differently. Matthew Lind is an example of the growing trend of young small business owners in Salem whose outlook is refreshing.

"The Mid-Willamette Valley is full of opportunity." Lind said. "With Salem’s Vision 2020 campaign starting to show progress and all that’s happening over in Independence, the time to act is now."

RE/MAX Equity Group is a World Champion

Ron Davis' journey towards a world championship came about somewhat unintended.

(BEND, Ore.) - Ron Davis is a real estate broker with RE/MAX equity group in Bend, Oregon specializing in horse and ranch properties. Davis can call on practical experience when speaking with his clients because in addition to being a rural property broker, he is also a National Cutting Horse Association World Champion.

A refined sport, cutting is an equestrian event in which the horse and rider are subjectively judged on their ability to separate a calf from its herd and keep it there for a period of time.

BigBrick.com Offers Oregon Home Sellers Money-Saving Solutions

The Web site provides a free listing, free legal paperwork and even a free sign for home owners selling their home without a real estate agent.

(BEND, Ore.) - When Shawn and Molly Kelly’s Bend, Oregon home failed to sell after six months on the market with a realtor, they decided to drop the price and sell it on their own. They enlisted help from the free service BigBrick.com that included listing their home for nothing on the company's Web site.

Two days later, a buyer saw their house on BigBrick.com and made an offer. The closing is next month.

Survey Shows Oregonians Paying Less for Homeowner Insurance

Figures don't include protection for earthquakes and floods.

(SALEM, Ore.) - Oregonians spend less for homeowner insurance than residents of almost any other state, according to a national survey.

The average premium for the most commonly purchased homeowner policy was $491 in 2005, ranking Oregon 48th lowest out of the 50 states and the District of Columbia. The nationwide average was $764 in the survey conducted by the National Association of Insurance Commissioners.

Citibank Executive Resigns Amid Mortgage Crisis

Robert E. Rubin to Serve as Chairman of the Board of Citi, Sir Win Bischoff to Serve as Acting Chief Executive Officer.

(New York ) - The Board of Directors of Citigroup Inc. today announced that Robert E. Rubin, Chairman of the Executive Committee of Citi and a member of the Board of Directors, will serve as Chairman of the Board.

In addition, Sir Win Bischoff, Chairman of Citi Europe and a member of Citi's Business Heads, Operating and Management Committees, will serve as acting Chief Executive Officer.