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Monday, December 14, 2015

Our newly introduced "Murano" floor plan is now available in three locations in Tri-Cities. This is an ideal home for families because of the downstairs master bedroom, three upstairs bedrooms, oversized bonus room, large 4-car garage, den, covered patio, and open layout. 

The Murano is available for $389,900 in Ridgeline Estates (Kennewick), $399,900 in Spencer Estates (Pasco), and $399,900 in Ridge at Reata West (Kennewick). Please contact Christina Brunson 509-460-0964 or Greg Johnston 509-539-3834 to schedule a showing.

Posted by riverwoodadmin at 12/14/2015 5:23:00 PM
Monday, December 7, 2015

The Oregonian newspaper recently published an article about Boardman, Oregon and its shortage of housing. The article emphasizes how strong the employment market is, particulary with all the jobs that are supplied by the nearby Port of Morrow. Yet, the housing supply at 900 units is grossly inadequate for the community. 

We are attempting to supply some of the needed housing with our two communities - Tuscany and Chaparral Park. While we cannot build houses that are affordable to everyone, we are trying to build them as econonomically as possible. At the same time, we are attempting to provide the quality and size that distinguish our homes from what is currently available in Boardman. So far the market seems to agree with us, as both of our finished homes have sold before the completion of construction. We hope this trend continues and that we can grow along with Boardman and be an integral part of improving the community and making it a place where people want to live.  

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Posted by riverwoodadmin at 12/7/2015 7:01:00 PM
 Tags: Boardman Housing
Wednesday, November 25, 2015

The Eastern Oregonian newspaper recently published an article about the shortage of housing in Boardman, Oregon. Because of this housing shortage, an estimated 68% of workers at the nearby Port of Marrow commute to their jobs, many from 25 or more miles away.

We at Riverwood Homes are trying to meet the housing needs in Boardman and to supply the community with a variety of housing options—high quality housing and moderately priced townhouses at our Tuscany and Chaparral Park subdivisions.

As more and more homebuyers decide to make Boardman their home, retail, recreation, and other amenities are sure to follow.

Posted by riverwoodadmin at 11/26/2015 12:10:00 AM
Tuesday, November 10, 2015

Last month we partnered with web design firm NeoReef to launch a new website to better communicate with potential homebuyers and to better showcase the communities in which we build. The new website includes easier-to-access video content such as virtual tours of our most popular floor plans. In addition to video content, the new website features updated and expanded photo galleries. These picture galleries are intended to help home buyers generate new ideas for their home and to see the finished products that we've produced. Home buying is a very visual process, and we are trying to better convey the beauty of our homes and help our home buyers visualize their future house. 

Please explore our new website and share with us your feedback at info@riverwoodhomes.com. We'd love to hear your suggestions on how we can improve our design and user experience!

Posted by riverwoodadmin at 11/10/2015 1:18:00 PM
 Tags: Riverwood website
Monday, November 9, 2015

USA Today released a list of the 50 best cities to live in, based on the quality of schools, strength of the local economy, safety, culture, and climate. Meridian, Idaho topped the list at #1. Meridian, like the other suburbs around Boise, remains an attractive place to live, and it is validating that people are taking notice of that nationally. 

As a home builder, we are very optimistic about the current and future outlook of the home sales market in the Boise MSA. Population and job growth have been very positive, even if wages have lagged somewhat. It seems likely that people and businesses will continue to move to the Treasure Valley in pursuit of all that the community has to offer. 

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Posted by riverwoodadmin at 11/9/2015 8:13:00 PM
 Tags: Meridian Idaho
Monday, September 28, 2015

A recent article in the Tri-City Herald features a photo of two of our houses under construction. The article indicates that buyers ought to act quickly since inventory is low and it is a sellers market. People are feeling comfortable in their jobs and confident in the housing market. Adding to the urgency is the general consensus that interest rates will begin to rise in the coming months.

As a builder, we agree with the sentiment that inventory is low and demand is high. While we do have some available product, most of our homes have sold prior to being completed. We currently have some available inventory homes in Ridgeline Estates, Ridge at Reata West, and Spencer Estates, so act quickly!

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Posted by riverwoodadmin at 9/28/2015 7:39:00 PM
Wednesday, August 19, 2015

Business Insider recently published on interesting article articulating why the housing market is set to outperform the economy as a whole. The author lists job growth, consumer confidence, pent-up demand, low inventory levels, and access to credit as reasons to be optimistic about the growth of the housing industry.

We agree with each of these points and feel confident in the outlook for rising home values. Still, many people remain on the sidelines (renting) and are not ready or able to make the leap into home ownership. Some experienced or at least witnessed enough pain during the downturn that they are not anxious to buy a home again. Other people may be wary of rising interest rates or global recession. Still others may not be in a position to make a long-term commitment like buying a house. We see this as a good time to buy a house and build equity and are happy to build a house for anyone who is able and willing to take the chance on home ownership.

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Posted by riverwoodadmin at 8/19/2015 7:41:00 PM
Monday, August 17, 2015

According to Zillow, rents in the United States have risen to the least affordable levels ever. An article published by CNBC stated that rent is over 30% of monthly income for the average renter nationwide. Conversely, most homeowners’ would pay less than 30% of their income toward their mortgage even if interest rates were to rise to 6%. That is comforting, given the prospects of rising interest rates in the near future.

Low vacancy rates keep pushing rents higher and higher. Meanwhile the home ownership rate is the lowest it has been since 1990. Then why are so many people opting to rent instead of buy? It seems probable that many of them would purchase a home if they could. Dr. Svenja Gudell, chief economist at Zillow, said “If you can possibly come up with a down payment, then it’s a good time to buy a home and start putting your money toward a mortgage.”

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Posted by riverwoodadmin at 8/17/2015 7:42:00 PM
Wednesday, July 22, 2015

The Boardman Community Development Association is offering a $5,000 grant for anyone who purchases a home in the Boardman, Oregon ZIP code. Nearly 30 home buyers have already taken advantage of this program. The city of Boardman is being proactive about enticing people to move into the community and experience all that the town has to offer. High paying jobs abound thanks to the Port of Morrow and other nearby employers. The immediate access to the Columbia River and the I-84 freeway also make Boardman especially appealing. This incentive program is even available to locals already living in Boardman, so it’s a great time to upgrade to a larger, nicer home.

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Posted by riverwoodadmin at 7/22/2015 7:44:00 PM
Tuesday, June 16, 2015

Most of our home buyers are moving from another house, so they first must sell their existing house, hoping to get the most out of their home on the resale market. The article below discusses which renovations tend to add value to a home and which projects are best left for the next home owner. The consensus seems to be that repairing the major “deferred maintenance” issues is necessary to sell a home at all, but it is difficult to recoup the investment of a full-scale renovation right before selling a house. Particularly in declining neighborhoods, it is not recommended to pour money into your home in an attempt to sell it for more money. Of the improvements you could make, replacing a front door, garage door, and a minor kitchen remodel tend to yield the strongest return on investment.

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Posted by riverwoodadmin at 6/16/2015 7:45:00 PM
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