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November 2018

 

Next Marketing Meeting

December 7, 2018
COAR Classroom 
Doors open at 7am and the meeting will begin at 7:30am. 

If you would like to submit a PDF flyer for the Bend Marketing Meeting please email a PDF flyer to cid@coar.com. All PDF flyers must be submitted the day prior to the meeting by NOON. Flyers must not be more than 3 pages to be added to the marketing meeting. If you submit a property to the marketing meeting you must attend the meeting. 

There is no CE for this meeting.  
Register here

 

City of Redmond Seeks Residents to Serve on Committees and Commissions – Now Accepting Applications for 34 Openings

Redmond is actively recruiting residents interested in serving critical roles on city committees and commissions. There are a range of volunteer opportunities to support the economic and community development functions of the City, and to shape the future of the community.

Of interest to commercial members:

Airport Committee 
Residency: Urban Growth Boundary (UGB)
3 positions w/term expiring 2022
Youth ex-officio position w/term expiring 2019

Downtown Urban Renewal Advisory Committee 
Residency: NONE 
4 positions w/terms expiring 2021 & 2022
Youth ex-officio position w/term expiring 2019

Urban Area Planning Commission 
Residency: Urban Growth Boundary (UGB)
3 positions w/term expiring 2022
Youth ex-officio position w/term expiring 2019

Committee and commission applications are available online at www.ci.redmond.or.us/government.commissions-committees, via email on request, or may also be obtained at Redmond City Hall at 411 SW 9th Street. Applications will be accepted until positions are fille

For more information, please contact Kelly Morse, City Recorder 541-923-7751.

 

Affordability, Disruption & Rising Interest Rates Lead Top Ten Issues Facing Real Estate
Housing affordability, disruptive technology and rising interest rates were just some of the issues the Counselors of Real Estate named most likely to affect the real estate industry during a session titled "Update: The Top Ten Impacts on Real Estate 2018-2019" at NAR's 2018 REALTORS® Conference & Expo.

For more information, click here

 
NAR Research 2018 Q2 Commercial Real Estate Market Survey
In Q2 2018, investment sales slowed, sales volume rose by only 0.5 percent on a yearly basis, and cap rates moved sideways. Low inventory remained the principal concern for REALTORS®, as a wide pricing gap between buyers and sellers affected over 20 percent of respondents. Prices grew 5.1 percent year-over-year. Leasing activity picked up, as vacancies experienced upward pressures.
 
 
Economists predict steady growth in 2019, a slowdown in 2020
At the Bend Chamber’s recent Economic Forecast Breakfast, three economists shared their perspectives and predictions on the economy locally, statewide and nationally. In general, the consensus among the speakers seemed to be that another year of steady growth is likely for 2019, with a possible slowdown or recession looming in 2020. The presentations are available for download at the link below.
 

 
Traffic counts added to RPR commercial reports
Commercial REALTORS® can use traffic count data to evaluate locations suited for retail, restaurants, cell phone towers, billboards and more.
 
 
Bend Property Tax 101
When property taxes go out, taxpayers often ask how the money from property tax revenues and City fees is spent. The City of Bend has created a video explaining what residents’ tax dollars support, as well as a “budget in brief” document.
 

Have an idea for a commercial class or event next year? Contact cid@coar.com to get your idea in front of the COAR Commercial committee.