PDX Grocer Sells, Loans Perform, Inflation Data
Local grocer New Seasons sold for an undisclosed amount to South Korean Company Emart (who purchased Good Food Holdings last year for $275M). In the last 20 years the chain has built 21 stores, 18 in the Portland Metro, and employes 3,800 workers. It also owned 5 California markets operating under the “New Leaf Community […]
Rates Improve, Fed Cuts Likely, Conforming Low Income Program Updates
Both Fannie & Freddie have announced updates to their low income/down payment programs that give discounts on note rate and mortgage insurance rates (these programs allow: 3% down, boarder income, ADU income, & low down payment on owner occupied 2-4 units). The updates make it more challenging to qualify. Instead of allowing 100% of Area […]
Hottest Markets, Rates Holding Steady, Portland Metro Update
Smaller metro regions across the US are seeing rapid growth. Below is a list of the top 20 according to Realtor.com. The hottest markets ranking is based on where homes sell the fastest and where there are the most listing views on realtor.com—both a sign of buyer demand. Metro markets often include surrounding smaller towns. Metro […]
Dollar Store Nation, Rates Flat, Portland Wage Growth
There are over 30,000 Dollar stores in the US more than Walmarts, Mickey D’s and CVS combined. This year 1 will open every 6 hrs. This story shows a battle between a determined city-councilor elected to bring a grocery store to her community of 20,000 that was throttled by 10 dollar stores. She felt it was the primary cause […]