Category Archives: Real Estate

Home Buying a Strong Boost to Overall Economy

In their first year of ownership, new home buyers spend about $10,601  By Jeff Sorg, OnlineEd Blog (July 14, 2017) A new consumer spending analysis from the National Association of Home Builders (NAHB) highlights another reason why home building helps drive a healthy economy: In their first year of ownership, new home buyers spend about $10,601 […]

Environmental Series: Underground Storage Tanks for Heating Oil

An Underground Oil Tank Could be an Economic Liability for the Property Owner at the Time it is Discovered By Jeff Sorg, OnlineEd Blog (July 13, 2017) There are many problems associated with underground storage tanks (USTs) for heating fuel. In the past, heating oil tanks (HOTs) were installed underground, outside and above ground or above […]

Environmental Series: Lead-Based Paint Hazards Disclosure Rules

Sellers and Lessors must disclose known information about lead-based paint By Jeff Sorg, OnlineEd Blog (July 6, 2017) In 1994, the United States Environmental Protection Agency (EPA) and HUD drafted federal regulations on the disclosure of lead-based paint hazards in residential properties built before 1978 to comply with the Residential Lead-based Paint Hazard Act of […]

Redfin Study: Middle-Class African-Americans and Hispanics Priced Out of Hot West Coast Markets

Fewer than five percent of homes for sale in Portland, Los Angeles, and Denver were affordable on median African-American and Hispanic incomes in 2016 By Jeff Sorg, OnlineEd Blog (June 30, 2017) In 2016, just 18 percent of homes for sale in the 30 largest U.S. metros were affordable for middle-class Hispanic families and 14 […]

Environmental Series: Oregon Drug Houses

Methamphetamine drug manufacturing houses do exist in Oregon and require special attention By Jeff Sorg, OnlineEd Blog (June 27, 2017) The process required to manufacture meth is easy, with the raw materials necessary for its production readily available to the public. Recipes and information for the manufacture of the drug are found on the Internet. […]

Categories: Real Estate

For-Sale Homes Hitting the Market is Dropping at its Fastest Pace in Almost Four Years

The number of single-family home rentals has increased by 6.2 million since 2005, one of the reasons why inventory remains low By Jeff Sorg, OnlineEd Blog (June 26, 2017) Zillow® is reporting that the number of for-sale homes coming onto the market is dropping at its fastest pace in almost four years, according to their May […]

Who Does NOT Need an Oregon Property Manager

Oregon has some exceptions to its property manager licensing requirement By Jeff Sorg, OnlineEd Blog (June 23, 2017) There are a number of exceptions to the requirement for a license in order to conduct property management. Some of these exceptions are: When a person is an employee of a property manager or principal broker. An […]

Environmental Series: Molds and Fungi

Adverse health effects from fungi usually depend on the dose and duration of exposure to the mold source By Jeff Sorg, OnlineEd Blog (June 21, 2017) Fungi are medically known to cause allergies, hypersensitivity pneumonitis (HP), humidifier fever, infections, mushroom poisoning, mycotoxicoses, and mucous membrane irritation. Some of the Penicillium, Aspergillus, Stachybotrys, Paecilomyces, and Fusarium […]

Redfin: May Housing Market Sets Records for Speed and Competition

More than a quarter of homes sold for more than their asking price By Jeff Sorg, OnlineEd Blog (June 15, 2017) SEATTLE–(BUSINESS WIRE)– U.S. home prices rose 6.8 percent to a median sale price of $288,000 in May, according to Redfin (www.redfin.com), the next-generation real estate brokerage. Home sales increased 7.5 percent over last year, […]

First-Ever Report to Track the Entire First-Time Homebuyer Market

Home sales to first-time homebuyers up 11% during First Quarter 2017 By Jeff Sorg, OnlineEd Blog (June 12, 2017) RICHMOND, VA., June 8, 2017 – Over the past 10 years, three million first-time homebuyers have been kept out of the home purchase market, according to Genworth Mortgage Insurance, an operating segment of Genworth Financial, Inc. […]