It was announced yesterday that Silver Falls Bank failed. The FDIC closed the bank and Citizens Bank out of Corvallis is purchasing the bank. Those branches will reopen on Monday as usual except they will be Citizens Banks. We here in Oregon had spent 2007 and 2008 somewhat insulated from the d
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02/21/2009
RealtyTrac comes out with national foreclosure data every month, and according to their latest report, Oregon ranked #5 for foreclosure rate with a 1 in every 357 homes being served with a foreclosure notice. What does this mean for Salem Oregon home buyers and sellers? Foreclosures are defin
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02/13/2009
It is not uncommon to hear many agents spew the vileness of online home estimates, the most common being the Zillow Zestimate. There have been oodles and oodles of posts written about how horrible these are for the consumer, and some about how they are good for the consumer. Most people focus on
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02/10/2009
So are we starting off the year here in Salem Oregon with a bang or a bust? One of the biggest stats that we run in real estate is inventories. I mean less inventory means sellers can price higher due to less competition, and lots of inventory means super competitive pricing to get a home sold. 3
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02/09/2009
Tom Vanderwell (@tvanderwell) shared this video via twitter, and I thought it was funny and worth sharing with you all. This video has sexual overtones, so if you are uncomfortable with that, then don't click through. Make sure that as you watch you listen to the words. It is a satire of a drug
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02/08/2009
CLICK TO VIEW LISTING WEBSITE Description and Features Located on a quiet street in an established neighborhood, this Hill Villa home has 3 bed/2.5 bath in 2367 sq feet. Three decks off the family room, living room, and master bedroom make it easy to enjoy the Cascade mountain views and bring li
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02/05/2009
I received a call last week from a lender to do some BPO's for him for some properties. He named the subdivision and I know it. It was about 10 minutes from where I live. I've been there many times and in fact just ran some market stats for a client on it in December. As he started to talk abo
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02/04/2009