Priicing Your Mt. Hood Property
Friday, June 26, 2020
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Mt. Hood Short Term Vacation Rentals
Wednesday, May 20, 2020
Here is the latest communication from Clackamas County concerning unincorporated short term vacation rentals:
Yesterday the Board of County Commissioners agreed to delay for six months (until Nov. 17, 2020) any further action on possible regulations for short-term rentals in unincorporated Clackamas County. The action was taken because of the changed circumstances brought about by the COVID-19 pandemic, including:
- Almost total loss of revenue for the county’s Tourism Department, which was going to help fund start-up costs for a possible short-term rental registration program
- Dramatic drop in demand for short-term rentals
The status of short-term rentals in the county will continue to be as it has been, with no registration program or specific regulations except for the requirement to pay Transient Lodging Tax to the county's Finance Department (see details here: https://www.clackamas.us/finance/transient.html) . On November 17, the Board of Commissioners will again discuss the issue of possibly regulating short-term rentals based on the situation at that time.
Regulations as currently drafted will remain on the website at www.clackamas.us/planning/str. We will notify you when this issue is brought before the Board again or if there are other changes. For more information, contact Senior Planner Martha Fritzie at [email protected].
Thank you for your interest. Take care.
Ellen Rogalin, Community Relations Specialist
Clackamas County Public & Government Affairs
Transportation & Development | Business & Community Services
503-742-4274 | 150 Beavercreek Road, Oregon City, OR 97045
Office hours: 9 am – 6 pm, Monday-Friday
Unemployment Stats and Projections
Thursday, May 7, 2020
Unemployment: Hope on the Horizon
Tomorrow, the unemployment rate for April 2020 will be released by the U.S. Bureau of Labor Statistics. It will hit a peak this country has never seen before, with data representing real families and lives affected by this economic slowdown. The numbers will alarm us. There will be headlines and doomsday scenarios in the media. There is hope, though, that as businesses reopen, most people will become employed again soon.
Last month’s report indicated we initially lost over 700,000 jobs in this country, and the unemployment rate quickly rose to 4.4%. With the release of the new data, that number will climb even higher. Experts forecast this report will show somewhere between a 15% - 20% national unemployment rate, and some anticipate that number to be even greater (see graph below):
What’s happened over the last several weeks?
Here’s a breakdown of this spring’s weekly unemployment filings:
The good news shown here indicates the number of additional unemployment claims has decreased week over week since the beginning of April. Carlos Rodriguez, CEO of Automatic Data Processing (ADP) says based on what he’s seeing:
“It’s possible that companies are already anticipating some kind of normalization, opening in certain states and starting to post jobs.”
He goes on to say that this doesn’t mean all companies are hiring, but it could mean they are at the point where they’re not cutting jobs anymore. Let’s hope this trend continues.
What will the future bring?
Most experts predict that while unemployment is high right now, it won’t be that way for long. The length of unemployment during this crisis is projected to be significantly shorter than the duration seen in the Great Recession and the Great Depression.
While forecasts may be high, the numbers are trending down and the length of time isn’t expected to last forever.
Bottom Line
Don’t let the headlines rattle you. There’s hope coming as we start to safely reopen businesses throughout the country. Unemployment affects our families, our businesses, and our country. Our job is to rally around those impacted and do our part to support them through this time.
Mt. Hood Water Supply
Wednesday, May 6, 2020
The Mt. Hood area appears to be in a moderate drought level for this coming summer. The National Weather Service has issued a drought report for the state of Oregon and in general it looks fairly serious for the state. Based on snowpack as of May 6, 2020 we are at 68% of normal levels based upon the OregonLive report from the Mt. Hood Snowtel test site. This info shows 40 years of Mt. Hood snowpack.
Download the full report of the Oregon Drought Report for 2020.
Mt. Hood History App from Mt. Hood Territory
Friday, April 10, 2020
Mt. Hood Territory recently promoted a new app for you to explore some Mt. Hood history. You can learn much on each of these Heritage Trail Sites either by visiting the Mt. Hood Territory website or download the app to your phone as you drive along and visit these historic places.
We celebrated the 175th anniversary of the Oregon Trail in 2018. This Oregon Trail section has just been added to the app including Summit Meadows, Tollgate, and Laurel Hill near Government Camp.
Apps can be found here:
What about the Mt. Hood Real Estate Market Today
Thursday, April 2, 2020
Looking to the Future: What the Experts Are Saying
As our lives, our businesses, and the world we live in change day by day, we’re all left wondering how long this will last. How long will we feel the effects of the coronavirus? How deep will the impact go? The human toll may forever change families, but the economic impact will rebound with a cycle of downturn followed by economic expansion like we’ve seen play out in the U.S. economy many times over.
Here’s a look at what leading experts and current research indicate about the economic impact we’ll likely see as a result of the coronavirus. It starts with a forecast of U.S. Gross Domestic Product (GDP).
According to Investopedia:
“Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of the country’s economic health.”
When looking at GDP (the measure of our country’s economic health), a survey of three leading financial institutions shows a projected sharp decline followed by a steep rebound in the second half of this year:
A recent study from John Burns Consulting also notes that past pandemics have also created V-Shaped Economic Recoveries like the ones noted above, and they had minimal impact on housing prices. This certainly gives hope and optimism for what is to come as the crisis passes.
With this historical analysis in mind, many business owners are also optimistic for a bright economic return. A recent PricewaterhouseCoopers survey shows this confidence, noting 66% of surveyed business owners feel their companies will return to normal business rhythms within a month of the pandemic passing, and 90% feel they should be back to normal operation 1 to 3 months after:
From expert financial institutions to business leaders across the country, we can clearly see that the anticipation of a quick return to normal once the current crisis subsides is not too far away. In essence, this won’t last forever, and we will get back to growth-mode. We’ve got this.
The Mt. Hood real estate market has seen a major slow down with few showings and sales. Only the most serious buyers will venture out and look for property. With the lockdown, most future sellers are taking this time to prepare their homes for sale once things are opening up again. I've had three sales fail with the probable underlying reason being the uncertainty of things right now. The second quarter will take a heavy toll but by June, as the experts are predicting, things will take off like a rocket, hopefully!
Bottom Line
Lives and businesses are being impacted by the coronavirus, but experts do see a light at the end of the tunnel. As the economy slows down due to the health crisis, we can take guidance and advice from experts that this too will pass.
Clackamas County Vacation Rental Update
Saturday, February 15, 2020
Good morning,
The Board of Commissioners continued the first public hearing on draft short-term rental regulations at its business meeting on Feb. 13. After testimony was completed, commissioners had a number of questions and comments, and voted to table the topic rather than go ahead with a second public hearing, as previously planned. You can see the video of the meeting hereand read the most recent proposed regulations and background information here, beginning on page 5.
We will share information about any additional proposed changes to the regulations and upcoming meetings as they are set. Thank you.
Comments/questions? Check out www.clackamas.us/planning/str or contact Senior Planner Martha Fritzie at [email protected] or 503-742-4529.
Ellen Rogalin, Community Relations Specialist
Clackamas County Public & Government Affairs
Transportation & Development | Business & Community Services
503-742-4274 | 150 Beavercreek Road, Oregon City, OR 97045
Office hours: 9 am – 6 pm, Monday-Friday
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Displaying blog entries 91-100 of 366
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