Tax Benefits for Younger Homeowners

According to Realty Times, younger homeowners may benefit the most from homeownership tax incentives. For more info: http://ow.ly/3etnP

More Great News about Jobs in Portland Oregon

Vestas Wind Energy is adding 1,700 jobs in the United States. The company keeps its North American headquarters in Portland, where in August it announced it would move to a new 172,000-square-foot Pearl District building in 2012. Vestas has said it will add 100 jobs in Portland in the next year.  More info http://www.sustainablebusinessoregon.com/articles/2010/11/vestas-ready-to-hire-in-us.html?ana=sbo

Good News for Portland Real Estate Market

Here is another indicator that the Portland real estate market has turned the corner.  “Portland's downtown real estate scene is about to get a lot more interesting, as multiple developers are suddenly pushing new projects to deal with a shortage -- yes, a shortage -- of large blocks of downtown office space.”  You can read more about this topic in yesterday’s Oregonlive: http://ow.ly/34yqx. Combine this news with last week’s announcement that Intel is investing $8 billion in its Hillsboro plant (8,000 construction jobs) and the announcements two weeks ago about the Sellwood Bridge and South Light Rail projects (14,000 jobs), it’s time to get excited about the Portland Real Estate Market.  We need to make sure our clients are aware that now is a GREAT time to buy a home!

Major change at Zip Realty

Zip Realty has recruited agents as employees promising expense reimbursement and other benefits associated with being and empoyee.  Reacting to a $5.1 million third quarter loss, they are now converting all agents to independent contractors.  What other changes are in store for their agents?  More information is available at Inman: http://www.inman.com/news/2010/11/3/all-ziprealty-agents-will-work-independent-contractors