Rental Housing Journal Valley
January 2017
2. The How and Why of Becoming a Really Likable Property Manager
4. Dear Maintenance Men – Slab Leaks, Safety Bars and Shaky Ovens
3. U.S. Housing Worth Record-High $29.6 Trillion in 2016
5. How to Find and Choose the Best Mortgage Lender for You
EUGENE · SALEM ·ALBANY · CORVALLIS WWW.RENTALHOUSINGJOURNAL.COM • PROFESSIONAL PUBLISHING, INC
Two Property Managers Shot During Eviction At Portland Apartments
More than One in 10 Homeowners Underwater as Housing Market Nears Full Recovery
E
ven as home values approach the highest levels reached during the housing bubble, 11 percent of homeowners with a mortgage are underwater, according to the third quarter Zillow® Negative Equity Reporti The share of homeowners who owe more on their mortgages than their homes are worth has dropped by nearly two-thirds since the housing bubble burst four years ago. Nationally 5.3 million homeowners were in negative equity in the third quarter, meaning they owe more than their homes are worth. At the peak in Q1 2012, 15.7 million homeowners were underwater on their mortgages.
continued on page 7
T
wo property managers for Community Development Partners, working at the Cascadian Terrace Apartments in Portland, were shot and wounded by a tenant during an eviction “due to behavioral issues” in late December. Both managers, a 45-year-old man and 64-year-old woman, were treated for serious but not life-threatening injuries and are recovering, police said. The evicted tenant is being held on attempted murder charges. “Assault detectives booked 65-yearold Reynaldo Diaz Cabrera, the evicted tenant, into the Multnomah County Jail on two counts of attempted murder,” according to a release from Portland police. “On Monday December 19, 2016, at 12:36 p.m., North Precinct officers responded to the report of a shooting at the Cascadian Terrace Apartments, located at 5700 North Kerby Avenue. As officers were responding to the scene they learned
continued on page 6 Professional Publishing Inc., PO Box 6244 Beaverton, OR 97007
P
Portland Had Largest Housing Worth Growth in 2016
ortland had the largest housing worth growth among the largest housing markets in 2016, growing 13.4 percent for the year, according to a new study. The total value of the U.S. housing stock grew to a record-high $29.6 trillion in 2016, according to a new Zillow analysis. The housing market saw a strong year of appreciation, growing 5.7 percent in value, or $1.6 trillion. The U.S. housing market has regained all the value lost during the housing crisis. The cumulative value of all homes in the U.S. declined by $6.4 trillion between 2006 and 2012 as the housing market collapsed. continued on page 6 PRSRT STD US Postage PAID Portland, OR Permit #5460
Text REALESTATE-ROI to 44222 to receive a digital copy of this year's Real Estate Opportunities in Investing (ROI) Finding Investing Success in Today's Housing Market