Category Archives: Contractor

Changes to Contractor License Bond Claims Process in Oregon

As of January 1, the process of filing a claim against a residential contractor license bond now also includes a mediation process By Vic Lance, Lance Surety Bond Associates (April 8, 2017) As of January 1, 2017, new rules regarding the contractor license bond claim process in Oregon have been put in place. These rules […]

How to get Oregon CCB Contractors License Pre-License Education

It only takes 16 clock-hours of  CCB approved education to be eligible for your Oregon contractor license By Jeff Sorg, OnlineEd Blog (April 19, 2017) – The required training for an Oregon contractor license is not too complicated! License applicants must be at least 18 years old and complete a minimum of 16 hours of […]

Prospect Mortgage to Pay $3.5 Million Fine for Illegal Kickback Scheme

The CFPB’s investigation found that ReMax Gold Coast and Keller Williams Mid-Willamette accepted illegal payment for referrals By Jeff Sorg, OnlineEd Blog (February 1, 2017) –  The Consumer Financial Protection Bureau (CFPB) on Tuesday took action against Prospect Mortgage, LLC, a major mortgage lender, for paying illegal kickbacks for mortgage business referrals. The CFPB also took […]

Home Values Appreciated at Their Fastest Annual Pace Since August 2006

Portland home values rose 14 percent to a median value of $351,800 By Jeff Sorg, OnlineEd Blog (December 23, 2016) –  In November, national home values rose at their fastest annual pace since 2006, near the peak of the housing bubble. The Zillow® Home Value Index (ZHVI) is $192,500, 2 percent shy of the records set in […]

Appraisals Continue to Fall Below Homeowner Value Perceptions

The trend of owners overestimating their home’s value when refinancing continued in August By Jeff Sorg, OnlineEd Blog (September 20, 2016) –  According to a recent report by Quicken Loans, appraisals across the country were an average of 1.56 percent lower than what refinancing homeowners expected in August, based on the company’s national Home Price Perception […]

Homeowners Confident About Current Market but Renters Worry

A majority of homeowners believe now is a good time to sell By Jeff Sorg, OnlineEd Blog (September 2, 2016) – According to the latest Zillow® Housing Confidence Index, homeowners are feeling more confident that now is a good time to sell, but renters are feeling uncertain they’ll be able to afford to buy. Just 38 […]

Average Fixer-Upper Saves Buyers Just 8% For Renovations

The median fixer-upper would save buyers only $11,000 By Jeff Sorg, OnlineEd Blog (September 1, 2016) – Fixer uppers are appealing to some who think they can make a sizeable savings or profit with a flip, but according to a recent report by Zillow Digs® the average 8% discount these buyers save on price might not […]

July 2016 Housing Starts Climb 5.6% Over July 2015

New residential construction report for July 2016 By Jeff Sorg, OnlineEd Blog (August 18, 2016) – The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for July 2016: BUILDING PERMITS Privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate […]

Listings with Warm, Neutral Colors Sell for More Money

Wheat-Colored Yellow kitchens bring more money than white kitchens By Jeff Sorg, OnlineEd Blog (June 23, 2016) –  A home’s paint colors can have a notable impact on its final sale price. According to a new analysis from Zillow Digs, for-sale listings with rooms painted in sage green or wheat yellow can sell for as much […]