10-27-2020  11:33 am   •   PDX and SEA Weather
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NORTHWEST NEWS

Paris Train Attack Hero Makes Bid for Congress From Oregon

Over 60% of Alek Skarlatos' campaign funding comes from out of state, Democratic incumbent Peter DeFazio said during their debate. Some came from Sen. Ted Cruz, R-Texas.

President of Portland NAACP Resigns Ahead of November Election

Rev. Mondainé denies allegations of abuse

Candidate Iannarone Welcomes Ruling on Complaint Against Mayor Wheeler

Mayoral challenger Sarah Iannarone has welcomed the Multnomah County Circuit court ruling requiring City Auditor Mary Hull Caballero to look into a complaint against Portland Mayor Ted Wheeler for loaning his own re-election campaign 0,000

Some Hospitals in Crisis as US nears high for COVID-19 cases

The global surge in coronavirus infections is hitting the United States hard and overwhelming hospitals across the nation

NEWS BRIEFS

Confederate Flag Not Welcome in Oregon Historic Cemeteries

Oregon’s Commission on Historic Cemeteries recommends Confederate flags not be allowed in historic cemeteries, but cemeteries that...

The Last Day to Safely Mail Your Ballot is Today, Tuesday, October 27

Ballot envelopes must be signed and ballots received by the elections office by Election Day, Tuesday, November 3 at 8:00 PM. Postmark...

iPhone Users: Beware of the 'Apple Support' Scam

Oregonians to hang up on unsolicited phone calls that sound like they are from Apple. ...

Henry Louis Gates, Jr. to Give Virtual Lecture Nov. 9 at Oregon State University

Gates is a Harvard University professor and host of a groundbreaking, Emmy Award-winning PBS genealogy series “The African...

New Crisis Line will Serve BIPOC Community

Lines for Life have launched a new crisis line dedicated to and staffed by Black, Indigenous and People of Color ...

Confederate flag not welcome in Oregon historic cemeteries

OREGON CITY, Ore. (AP) — A state commission has voted to recommend that the Confederate flag no longer be allowed in Oregon’s historic cemeteries. Members of Oregon’s Commission on Historic Cemeteries voted unanimously Friday to adopt a position paper recommending Confederate...

Man pleads no contest to child sex abuse in plea deal

ALBANY, Ore. (AP) — An 18-year-old Sweet Home man has pleaded no contest to two counts of first-degree sex abuse in Linn County Circuit Court.Seven Lee Bullock entered the pleas last week and is scheduled to be sentenced on Nov. 6, the Albany Democrat-Herald reported.The crimes occurred...

Missouri wide receiver arrested, dismissed from team

COLUMBIA, Mo. (AP) — Missouri wide receiver Maurice Massey has been dismissed from the team after being arrested, school officials said Monday.Massey, 20, was arrested Sunday on suspicion of third-degree domestic assault, fourth-degree assault and first-degree property damage, according to...

Missouri grinds out 1st victory over Kentucky in five years

COLUMBIA, Mo. (AP) — Missouri kept handing the ball to Larry Rountree, and Kentucky barely got a chance to take a turn. Rountree carried 37 times for 126 yards and two touchdowns as the Tigers dominated the clock and the Wildcats in a 20-10 victory on Saturday.Missouri (2-2 Southeastern...

OPINION

Squaring Away the Cube

When I first heard that entertainer Ice Cube is supporting Donald Trump in his 2020 re-election bid, I did not believe it. ...

The Skanner News National 2020 Election Endorsements

Vote like your life depends on it. Read The Skanner News' endorsements for US President, and more ...

The Skanner News Statewide Election 2020 Endorsements

Read The Skanner News' endorsements for Portland Mayor, Portland City Council, and more ...

Muslim Advocates Denounces Trump’s Racist Attacks on Rep. Ilhan Omar and Refugees

The organization says Trump’s attacks invite violence against Rep. Omar and Minnesota’s Somali community ...

AFRICAN AMERICANS IN THE NEWS

Review: 'Memorial' like a dance gliding between characters

“Memorial,” by Bryan Washington (Riverhead Books)“Memorial,” by Bryan Washington, follows the complex relationship between Benson, a Black day care teacher, and Mike, a Japanese American chef. The couple live together in Texas, and for all intents and purposes, they are...

Fraught election puts faith leaders through a political test

Both President Donald Trump and Democratic nominee Joe Biden count endorsements from well-known faith leaders. But for clergy members who try to tackle thorny moral matters without overtly backing a candidate, the campaign has tested their ability to reconcile religious values and politics.That...

Entertainers discuss disability representation in Hollywood

It’s an old cliche that if an actor wants to win an Oscar, he or she should consider playing a character with a disability. And it’s not entirely unfounded advice: 61 actors have been nominated for playing a character with a disability and 27 have walked away winners. But only two of...

ENTERTAINMENT

Remembering his friends, Springsteen pens ‘Letter to You’

NEW YORK (AP) — Last year as Bruce Springsteen reflected on the death of his friend and teenage bandmate George Theiss, who died in 2018, he grabbed his guitar and pen and began writing a song about being the sole living member of his first band.He wrote about the New Jersey clubs where the...

Hugh Laurie goes for bumpy political ride in PBS' 'Roadkill'

LOS ANGELES (AP) — On screen, Hugh Laurie has been by turns irascible ("House"), villainous ("The Night Manager") and a comedic delight ("Jeeves & Wooster"). In a conversation about his latest project, PBS' “Roadkill,” he proved equally versatile.Laurie was thoughtful and...

A one-man 'A Christmas Carol' fills theater need in pandemic

NEW YORK (AP) — What does the theater community desperately need during a time of social distancing? An actor who can play multiple characters onstage every night. Enter Jefferson Mays.Mays, who won a Tony Award for playing 40 characters in “I Am My Own Wife” and was...

U.S. & WORLD NEWS

One Good Thing: Wickedly creative pandemic trick-or-treating

CINCINNATI (AP) — Dropping candy down a chute for little costumed Baby Sharks, Mulans and Black Panthers....

A look at artists who've objected to Trump using their songs

From classic American rockers to British artists to the estates of late legends, here's a look at some of the...

Gulf Coast braces, again, for hurricane as Zeta takes aim

NEW ORLEANS (AP) — Residents of the storm-pummeled Gulf Coast steeled themselves for yet another tropical...

Belarus leader seeks to punish striking workers, students

KYIV, Ukraine (AP) — Belarus President Alexander Lukashenko urged authorities Tuesday to take action...

From Spain, top dissident vows to fight for free Venezuela

MADRID (AP) — Leopoldo López, the Venezuelan politician who for years has led the biggest challenge to...

Turkey's Erdogan sues Dutch anti-Islam lawmaker for insults

ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan is suing Dutch lawmaker Geert Wilders after...

Vote like your life depends on it
Les Christie CNN

NEW YORK (CNNMoney) -- As if record low mortgage rates and beaten down home prices weren't enough to get prospective home buyers off the fence, there's another factor that has made the case for buying even stronger: rising rents.

U.S. rents rose an average of 5.4% over the 12 months ended June 30, according to real estate website Trulia. Demand from former homeowners displaced by foreclosure and potential homebuyers who failed to qualify for mortgages have helped to send rents skyward.

"With rents rising faster than prices in most markets, buying is getting even more affordable relative to renting," said Jed Kolko, Trulia's chief economist.

Meanwhile, asking prices on homes listed for sale inched up a mere 0.3% over the same period, according to Trulia's data. And while that's the fourth increase in home prices in five months -- an indication that prices may be starting to recover -- the gains are modest compared to the increases in rental rates over the past 12 months.

Where renters have been hit hardest: Among the 25 largest housing markets in the country, the steepest rent increase was seen in San Francisco, where new renters are paying 14.7% more than they did a year ago. Meanwhile, over the same period, asking prices on homes for sale climbed a mere 2.5% in that metro area.

Oakland, Denver, Miami and Boston also recorded double-digit rent increases ranging from 10.3% to 11.2%. Yet, only in one of those cities, Miami, did asking prices increase at a higher percentage than rents. In Boston, asking prices on homes actually fell 0.3%.

Smaller metro areas that recorded large rent increases included Fort Worth, Texas, at 15.5%, Edison, N.J., Colorado Springs, Colo., and Columbus, Ohio. Of those markets, Colorado Springs had the most substantial gain in asking prices on homes for sale, an uptick of 4.3%. In Edison, prices declined 9%, according to Trulia.

Will home prices keep climbing? Most of the markets that saw the biggest home-price increases were among those hit hardest by the foreclosure mess.

In fact, seven out of the 10 metro areas with the largest price increases have a high percentage of homes in foreclosure, including Phoenix (up 18.9%), Miami (up 16.1%), and Cape Coral, Fla. (up 14.9%).

As a result, Kolko does not expect the rallies to continue. "These increases will shrink or reverse as the backlogged foreclosures in these metros hit the market," he said.

Longer term, he said, home price gains will be better in slower growing markets that were spared the worst of the bubble and have strong job growth, cities like Denver, San Jose, Calif., and Austin, Texas.

"Their recent price gains are less dramatic than Miami and Phoenix but are less at risk," said Kolko. "Slow and steady wins the housing recovery."

 

Mingus Mapps 2020
Port of Seattle S King County Fund 2020
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