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SEDCOR Economic Business Forum Lunch
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6/14/2017
When: Wed. June 14, 2017
12:00 - 1:30 pm
Where: Broadway Commons
1300 Broadway Street - 2nd Flor
Salem, Oregon  97301
United States
Contact: Tami Lundy
503-588-6225


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The lunch is kindly sponsored by: 

 

The story of Oregon's housing market is a classic case of supply and demand.

There is clearly a demand from buyers with homes spending fewer and fewer days on the market. The demand causes home prices to increase, making it difficult for many first-time or low to middle income buyers to purchase a home.
So what does this mean for your business? 
Laura Dorn is a broker with Berkshire Hathaway Real Estate Professionals. She will share how the lack of inventory is a challenge for both the buyer and the seller. She also explain how the shortage of housing impacts the cost of housing and the cost of development and new construction. 
An economist with the state of Oregon's Office of Economic Analysis, Josh Lehner will explain how buyer demand and low inventory impact businesses that need a supply of affordable housing to attract employees.
With many out-of-state buyers flocking to Portland, they are discovering the lack of available and affordable homes for sale and looking to purchase in nearby cities, including Salem.
Add to that the problem of home prices and rental costs increasing faster than income or wages for the average household.
Lehner will share how the hurdles in the housing market have an impact on your business and predict what will happen with the housing market in the next few years. The SEDCOR lunch forum is a valuable opportunity to learn about the housing market from two perspectives, an economist and a broker. 

 

 

 

 

 


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