Investor Index | May 13
Portland has more than 1,600 affordable housing units sitting empty, city says
PORTLAND, Ore. — As of this week, more than 1,600 affordable housing units sat empty in the city of Portland, despite the thousands still living unsheltered on the city's streets any given night — an issue Mayor Keith Wilson highlighted during remarks this week.
There are several reasons why so many units stay vacant in the middle of a housing crisis, city officials say, but for those living on the streets, the disparity just doesn't make any sense.
New report shows economic impact of tourism in state, region
SALEM — Travel Oregon’s new report shows the tourism industry is alive and well and has a significant financial benefit to each county in the state.
Tourists spent $14.6 billion in the state in 2025. In Eastern Oregon, the tourism industry brought in $549.5 million, with $250.6 million of that coming from Umatilla County alone. In Morrow County, tourists brought in $18.6 million in 2025.
Todd Davidson, CEO of Travel Oregon, said those numbers don’t surprise him.
Full Article: https://youroregonnews.com/2026/05/07/new-report-shows-economic-impact-of-tourism-in-state-region/
US long-term mortgage rate bounce back to levels seen 4 weeks ago
The average long-term U.S. mortgage rate rose again this week, reflecting ongoing bond market volatility as surging oil prices due to the war with Iran heighten inflation worries.
The benchmark 30-year fixed rate mortgage rate rose to 6.37% from 6.3% last week, mortgage buyer Freddie Mac said Thursday. That’s still down from one year ago, when the rate averaged 6.76%.
This is the second straight weekly increase, bringing the average rate back to where it was four weeks ago.
Full Article: https://abcnews.com/Business/wireStory/us-long-term-mortgage-rate-bounce-back-levels-132750562