It’s not quite one-click real estate, but the companies behind “instant buying” platforms like Zillow Offers think their algorithms can transform how Americans buy and sell homes — and now they’re testing that theory in Portland.
The appeal is pretty simple: Instead of making repairs and hosting open houses themselves, home sellers can now share specs and photos with an online real estate company and get a cash offer within days.
That company then handles the dirty work of flipping the home and finding a permanent buyer, usually all within 90 days.
According to The New York Times, this instant-buying trend is catching fire in cities like Phoenix, where six percent of all homes sales now involve an instant buyer.
Nationally, more than 100,000 people have requested offers on their homes from Zillow, which is now buying up properties in 12 U.S. cities, including Portland.
If you have experiences — good or bad — with the instant-buying craze, we’d love to hear about it. Just hit reply or shoot us a note to give us the scoop. 👍
In other news…
Could a cap-and-trade carbon tax still pass the Oregon Legislature? Tina Kotek says yes. The top Democrat in the Oregon House said she expects the climate bill to get another look in 2020, even if that means making some tweaks. (Street Roots)
Meanwhile, Oregon Republicans are launching an effort to recall Governor Kate Brown from office for, well, being a Democrat. (OregonLive)
The full Washington Park and Zoo Railway probably won’t reopen any time soon, but a group of its biggest supporters still have hope for a comeback. (OPB)
If the World Cup got you excited about women’s soccer, this guide has everything you need to know about our very own Thorns FC and the NWSL. (Thorns FC)
We work hard on the newsletter every day, but we also try to help you create connections in our city through events like Setting The Table and giveaways to members-only experiences around town (this week, CreativeMornings tickets!).
Support this work — and get access to all the perks — by becoming a Bridgeliner member today.
P.S. Want a free ticket to our Setting The Table dinner convo this Thursday? We’re looking for volunteers to lend a hand at the event. If you’re interested, just hit reply to this email or drop us a line.
Big thanks to everyone who sent questions for our series about the foster care system in Oregon.
Here are the Qs we’ll be digging into over the next few months:
Stay tuned for updates on what we’re learning on the reporting trail, and if you have other burning questions about foster care, we’d love to hear them.
🏙️ Thursday: Join our team for a dinner conversation about “how Portland can stay Portland” as it grows — and what that really means (NW Portland)
👟 Friday: Learn about a job program at Nike that pays for college and has three-day weekends (Beaverton)
🎉 Wednesday, July 31: Celebrate summer and continue the conversation on Portland’s future at Business for a Better Portland’s third-annual Summer Social (NE Portland)
Want to see your event listed here? Hit reply or email [email protected] to chat about a promotion partnership.
🚴 Tour East Portland parks by bike (East Portland)
🎙 Hear live storytelling at The Moth (SE Portland)
🗣️ Join a conversation about air quality (Downtown)
🌎 Hear fresh ideas for a sustainable future (NW Portland)
💻 Cowork for free with Women Work PDX (NE Portland)
🍺 Drink beer for equitable access to books (NE Portland)
🙃 Go to a zany variety show (NW Portland)
💭 Get an introduction to renters’ rights (SE Portland)
🔍 Take a pal to Murder Mystery Dinner Theater (SW Portland)
🤠 Dance at a country music festival (Canby)
🎨 Check out the Gresham Arts Festival (Gresham)
🎉 Celebrate 20 years of creative reuse (NE Portland)
⚔️ Go medieval at the Robin Hood Festival – through Saturday (Sherwood)
🎷 Hear a free jazz show at Cathedral Park – through Sunday (N Portland)
🕉 Practice yoga at the Bluffs (NE Portland)
🙋 Join a “Friends” trivia bar crawl (Multiple Locations)
🍻 Drink beer at the Oregon Trail Brewfest (Oregon City)
🍦 Go to an all-you-can-eat ice cream festival (Downtown)
🛍 Shop a local independent fashion popup (NW Portland)