Home-price growth in the Portland area is slowing but still climbed by 1% in March, according to the S&P CoreLogic Case-Shiller home price index. Prices are up 9.2% from a year ago. Nationally, prices rose 5.8% in March. Homebuyers face a slim supply of homes for sale. The median sale price in the Portland was $370,000 in March, it rose to $385,000 in April.
Pendleton Woolen Mills President Mort Bishop III will retire effective June 30th. He has served in the role since 1999 and worked for the family-owned company for 40 years. He will continue to serve on the board. (PBJ)
Amazon plans to hire 1,000 workers for its distribution center in Troutdale. Amazon plans to invest $178.4 million in a robotics fulfillment center. (PBJ)
The CNBC/SurveyMonkey Small Business Survey index posted 60 in the second quarter, on a scale of 0–100. Male small-business owners were found to be more optimistic than females, with a confidence level of 62, versus female small-business owners, with a confidence level of 56. Owners with less than four employees have a confidence level of 58. Those with 50 or more employees scored 67.
The S&P 500 is up 3 and the NASDAQ is up 4. The MSCI international index is up.
Oil is up 6 cents at $45.69 a barrel.
Gold is down $5 at $1275 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.