Southern Oregon Real Estate News

April 1, 2020

Coronavirus Emergency Loans

Emergency loans - Quick Loans To Help You Out

Coronavirus Emergency Loans: Small Business Guide & Checklist

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses.

Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.

Here are the questions you may be asking— and what you need to know.

(To view the entire guide, please click here.)

1. Am I ELIGIBLE? What will lenders be LOOKING FOR?

You are eligible if you are:

  • A small business with fewer than 500 employees
  • A small business that otherwise meets the SBA’s size standard
  • A 501(c)(3) with fewer than 500 employees
  • An individual who operates as a sole proprietor
  • An individual who operates as an independent contractor
  • An individual who is self-employed who regularly carries on any trade or business
  • A Tribal business concern that meets the SBA size standard
  • A 501(c)(19) Veterans Organization that meets the SBA size standard

In addition, some special rules may make you eligible:

  • If you are in the accommodation and food services sector (NAICS 72), the 500-employee rule is applied on a per physical location basis
  • If you are operating as a franchise or receive financial assistance from an approved Small Business Investment Company the normal affiliation rules do not apply

REMEMBER: The 500-employee threshold includes all employees: full-time, part-time, and any other status.


2. What will lenders be LOOKING FOR?

In evaluating eligibility, lenders are directed to consider whether the borrower was in operation before February 15, 2020 and had employees for whom they paid salaries and payroll taxes or paid independent contractors. Lenders will also ask you for a good faith certification that:

  1. The uncertainty of current economic conditions makes the loan request necessary to support ongoing operations
  2. The borrower will use the loan proceeds to retain workers and maintain payroll or make mortgage, lease, and utility payments
  3. Borrower does not have an application pending for a loan duplicative of the purpose and amounts applied for here
  4. From Feb. 15, 2020 to Dec. 31, 2020, the borrower has not received a loan duplicative of the purpose and amounts applied for here

(Note: There is an opportunity to fold emergency loans made between Jan. 31, 2020 and the date this loan program becomes available into a new loan) If you are an independent contractor, sole proprietor, or self-employed individual, lenders will also be looking for certain documents (final requirements will be announced by the government) such as payroll tax filings, Forms 1099-MISC, and income and expenses from the sole proprietorship.


3. How much can I BORROW?

Loans can be up to 2.5 x the borrower’s average monthly payroll costs, not to exceed $10 million.


Payroll Cost:

1. For Employers: The sum of payments of any compensation with respect to employees that is a:

  • salary, wage, commission, or similar compensation;
  • payment of cash tip or equivalent;
  • payment for vacation, parental, family, medical, or sick leave
  • allowance for dismissal or separation
  • payment required for the provisions of group health care benefits, including insurance premiums
  • payment of any retirement benefitpayment of state or local tax assessed on the compensation of the employee

2. For Sole Proprietors, Independent Contractors, and Self-Employed Individuals: The sum of payments of any compensation to or income of a sole proprietor or independent contractor that is a wage, commission, income, net earnings from self-employment, or similar compensation and that is in an amount that is not more than $100,000 in one year, as pro-rated for the covered period.


Payroll Cost:

  1. Compensation of an individual employee in excess of an annual salary of $100,000, as prorated for the period February 15, to June 30, 2020
  2. Payroll taxes, railroad retirement taxes, and income taxes
  3. Any compensation of an employee whose principal place of residence is outside of the United States
  4. Qualified sick leave wages for which a credit is allowed under section 7001 of the Families First Coronavirus Response Act (Public Law 116– 5 127); or qualified family leave wages for which a credit is allowed under section 7003 of the Families First Coronavirus Response Act


4. Will this loan be FORGIVEN?

Borrowers are eligible to have their loans forgiven.

How Much?

A borrower is eligible for loan forgiveness equal to the amount the borrower spent on the following items during the 8-week period beginning on the date of the origination of the loan:

  • Payroll costs (using the same definition of payroll costs used to determine loan eligibility)
  • Interest on the mortgage obligation incurred in the ordinary course of business
  • Rent on a leasing agreement
  • Payments on utilities (electricity, gas, water, transportation, telephone, or internet)
  • For borrowers with tipped employees, additional wages paid to those employees

The loan forgiveness cannot exceed the principal.

How could the forgiveness be reduced?

The amount of loan forgiveness calculated above is reduced if there is a reduction in the number of employees or a reduction of greater than 25% in wages paid to employees. Specifically:

  • Reduction based on reduction of number of employees
  • Reduction based on reduction in salaries

What if I bring back employees or restore wages?

Reductions in employment or wages that occur during the period beginning on February 15, 2020, and ending 30 days after enactment of the CARES Act, (as compared to February 15, 2020) shall not reduce the amount of loan forgiveness IF by June 30, 2020 the borrower eliminates the reduction in employees or reduction in wages.


Click here to view the entire guide with more information.

For a list of more business and employment resources, visit our website at

Posted in News
April 1, 2020

PPP - Payroll Protection Program

Another way that business owners can find some protections for loss experienced during the COVID-19 outbreak. 

The Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. 

Click on the images below for the PPP information fact sheet to find out more and the PPP Application. 

Posted in News
March 24, 2020

Takeout Service Offered

Takeout, Delivery & Curbside Service Restaurants
Many Chamber member restaurants are offering delivery through Postmates, Door Dash, Grubhub & Uber Eats

Jacksonville Inn
175 E. California St.
JacksonvilleOR 97530

Texas Roadhouse
1720 Delta Waters Rd.
MedfordOR 97501

Abby's Legendary Pizza
1080 S. Riverside
Medford, OR 97501 7844

2233 Biddle Road
MedfordOR 97504 7201

Auntie Carol's Hawaiian Cafe and Catering
130 E Main St.
MedfordOR 97501

Bella Union Restaurant & Saloon
170 W. California
JacksonvilleOR 97530 1620

Black Bear Diner - Medford
1150 E. Barnett Rd.
MedfordOR 97504

Black Rock Coffee Bar
151 Rossanley Drive
Medford, OR 97501

Bobbio's Pizza
312 Oak Street, Ste. 102
Central Point, OR 97502

Bobbio's Pizza - White City 
7581 Crater Lake Hwy.
White City, OR 97503

Cafe Dejeuner
1108 E. Main
MedfordOR 97504 7435

Callahan's Mountain Lodge
7100 Old Hwy. 99 S
AshlandOR 97520

Chick-fil-A Crater Lake & Pacific HWY
10 Rossanley Dr.
MedfordOR 97501

Chinese Gourmet
1600 N. Riverside #2066
MedfordOR 97501

Common Block Brewing Co.
315 E. 5th St.
Medford, OR 97501

Cookie Connection
1600 N. Riverside #1152
Medford, OR 97501

Cracker Barrel Old Country Store
1445 Center Drive
MedfordOR 97501 7201

101 E. Main St.
MedfordOR 97501

2000 Biddle Rd.
MedfordOR 97504
Are you OPEN FOR BUSINESS in Southern Oregon? List your business for FREE! 
Our community wants to know where they can go to support our local economy. 
Click the image to submit your information.
Firehouse Subs
625 Medford Center
MedfordOR 97504
​Flavor Restaurant

1213 W. Main Street
MedfordOR 97501

Great Harvest Bread Company
203 Genessee St.
Medford, OR 97504

In-N-Out Burger
1970 Crater Lake Hwy
MedfordOR 97504

Iron Skillet Restaurant
3730 Fern Valley Road
PhoenixOR 97535

Jack in the Box
4150 S. Pacific Hwy. Ste. B
MedfordOR 97501

Jimmy John's
1093 Medford Center
MedfordOR 97504

LARKS Home Kitchen Cuisine
212 E. Main St.
AshlandOR 97520

2525 Ashland St.
AshlandOR 97520

Luna Mexican Cusine
1310 Center Drive
MedfordOR 97501

Melange Eatery
406 E. Main St. Stuit F
MedfordOR 97501 7201

Muchas Gracias Mexican Food
1600 N. Riverside #2062
MedfordOR 97501

Mucho Gusto
1251 E. McAndrews Rd. Ste. 104
MedfordOR 97504

Olive Garden Restaurant
3125 Crater Lake Hwy
MedfordOR 97504

Original Roadhouse Grill
2699 W. Main St
MedfordOR 97501

Pita Pit
1740 Delta Waters
MedfordOR 97504

Pita Pit - Ashland
1259 Siskiyou Blvd.
AshlandOR 97520

Pomodori Bistro & Wine Bar
410 E. Main St.
MedfordOR 97501

Pony Espresso
545 North 5th Street
Jacksonville, OR 97530
541- 899-3757

Porters Dining at the Depot
147 N. Front St.
MedfordOR 97501

Punky's Diner & Pies
953 Medford Center
MedfordOR 97504

R & D's Sandwich Factory
1132 N. Riverside Ave.
MedfordOR 97501 7201
or go to PNW Local Delights for fresh homemade food to be delivered weekly!
Call 541-435-0645 or start ordering HERE
Real Taste of India
35 N. Central Ave.
MedfordOR 97501

Red Robin Restaurant

499 Medford Center
MedfordOR 97504

Rogue Creamery
311 N. Front St.
Central Point, OR 97502

Rosario's Italian Restaurant
2221 W. Main Street
MedfordOR 97501

Round Table Pizza
2354 Poplar Drive
MedfordOR 97504

Sansei Japan
1600 N. Riverside #2068
MedfordOR 97501

Siam Cafe'
618 W. Main St.
MedfordOR 97501

33 N. Central Ave.
MedfordOR 97501

Subway - Rogue Valley Mall
1600 N. Riverside #2070
MedfordOR 97501

Tap & Vine at 559
559 Medford Center
MedfordOR 97504

Taprock Northwest Grill
971 S.E. 6th St.
Grants PassOR 97526

The Copper Plank
454 Highland Drive
MedfordOR 97504

The Point Pub & Grill
1345 Center Drive
MedfordOR 97501

The Rogue Grape
36 S. Central Ave.
MedfordOR 97501

Wamba's Mediterranean
207 W. 8th St.
MedfordOR 97501

1010 Biddle Road
MedfordOR 97504

940 S. Riverside
MedfordOR 97501 7201

1920 N. Pacific HWY
MedfordOR 97501

Wetzel's Pretzels
1600 N. Riverside Ave. #2061
MedfordOR 97501

Wild River Medford, LLC
2684 N. Pacific Hwy.
MedfordOR 97501

Yogurt Hut 
1345 Center Drive
MedfordOR 97501

67 Rossanley Drive
MedfordOR 97501
Posted in News
March 23, 2020

Mortgage Relief

As we all seem to march along with uncertainty during this crisis, we have to look back and see how things have changed since the recession of 2008. Banks have changed their lending practices and consumers truly changed the way they look at the housing market. These changes are all of course in our own best interests and its important to reflect on the good that has come from that change. It's important to also realize how much we've all learned from that time and see how we are using what we learned then, NOW. 

One of those ways it seems is sharing the sentiment that no matter what, we are all in this together. That being said, it's a relief to know that the government is working hard to share that same sentiment. Most recently the Federal Housing Finance Agency has declared a plan to forgive or at least provide some relief with flexible payments for all homeowners affected by the Coronavirus/Covid-19 outbreak. 

While they are continuing to work on additional relief bills, at least we know for now that things like this are on the horizon, which seems to lessen the load that we are all bearing. For the full article click here 

In closing, while we are all dealing with things changing so rapidly and trying to do the best we can, keep in mind that we also need to consider using more compassion than we may ordinarily do when dealing with others, as we never know what other difficulties/struggles may be on someone else's plate. 

As always Rockwell Group is here to help however we can, and will continue to provide fact based dialogue and hope that this creates a stronger community for all of us living in Southern Oregon. For more updates please follow us on Facebook, Instagram, LinkedIn, Twitter.

Posted in Home Ownership
March 9, 2020

Southern Oregon Market Stats Feb 2020

Southern Oregon Market Stats

Dec. 1, 2019- Feb. 1st, 2020

By Jake Rockwell

    One things for sure... the Southern Oregon City of Talent is booming! With an annual increase of 233% there seems to be a lot of new interest in this area. Which is not surprising due to its central location between Medford and Ashland and just minute to the I-5, combined with affordability this area seems to be becoming more and more desirable. However, the average days on market reflects a longer sales time on market going from 15 days to 146 in the City Phoenix. 

Yet, looking aside from percentages, East Medford is still climbing in sales, while the percentages are at a nearly 70% increase the totals are almost doubles. from 52 to 88 pending sales in the last year. But it seems that if your in Southwest Medford and looking to sell, this might be the best area for getting the prices you're asking for with a 10.7% growth in selling vs asking prices up to 99.8% of the asking prices. 

While these variables are true for Jackson County, Josephine county has also experienced some growth but in different areas. The average Days on Market in nearly all of Grants Pass has dropped meaning homes are selling faster than they were a year ago with every area of Grants Pass showing a small increase in  the list price vs selling price keeping a generalized rate of nearly 97%. 

In short, 2020 has started strong for both the market and the Rockwell Group! With large greater market shifts and decreased interest rates home buying is getting easier by the day. Give us a call if you have questions. 


Links to Stats:


Create a custom market report catered to your neighborhood or any specific area and criteria.

Want an instant market valuation for you property?

Feb. 13, 2020

Housing Market Benefits

How the Housing Market Benefits with Uncertainty in the World

How the Housing Market Benefits with Uncertainty in the World | MyKCM

It’s hard to listen to today’s news without hearing about the uncertainty surrounding global markets, the spread of the coronavirus, and tensions in the Middle East, just to name a few. These concerns have caused some to question their investment plans going forward. As an example, in Vanguard’s Global Outlook for 2020, the fund explains,

“Slowing global growth and elevated uncertainty create a fragile backdrop for markets in 2020 and beyond.”

Is there a silver lining to this cloud of doubt?

Some worry this could cause concern for the U.S. housing market. The uncertainty, however, may actually mean good news for real estate.

Mark Fleming, Chief Economist at First American, discussed the situation in a recent report,

“Global events and uncertainty…impact the U.S. economy, and more specifically, the U.S. housing market…U.S. bonds, backed by the full faith and credit of the U.S. government, are widely considered the safest investments in the world. When global investors sense increased uncertainty, there is a ‘flight to safety’ in U.S. Treasury bonds, which causes their price to go up, and their yield to go down.”

Last week, in a HousingWire article, Kathleen Howley reaffirmed Fleming’s point,

“The death toll from the coronavirus already has passed Severe Acute Respiratory Syndrome, or SARS, that bruised the world’s economy in 2003…That’s making investors around the world anxious, and when they get anxious, they tend to sell off stocks and seek the safe haven of U.S. bonds. An increase in competition for bonds means investors, including the people who buy mortgage-backed bonds, have to take lower yields. That translates into lower mortgage rates.”

The yield from treasury bonds is the rate investors receive when they purchase the bond. Historically, when the treasury rate moves up or down, the 30-year mortgage rate follows. Here’s a powerful graph showing the relationship between the two over the last 48 years:Popular Perspective Delivers Gift to U.S. Housing Market | MyKCMHow might concerns about global challenges impact the housing market in 2020? Fleming explains,

“Even a small change in the 10-year Treasury due to increased uncertainty, let’s say a slight drop to 1.6 percent, would imply a 30-year, fixed mortgage rate as low as 3.3 percent. Assuming no change in household income, that would mean a house-buying power gain of $21,000, a five percent increase.”

Bottom Line

For a multitude of reasons, 2020 could be a challenging year. It seems, however, real estate will do just fine. As Fleming concluded in his report:

“Amid uncertainty, the house-buying power of U.S. consumers can benefit significantly.”

Posted in Home Ownership
Feb. 7, 2020

Southern Oregon Market Stats Jan 2020

Nov.1, 2019 to Jan. 31 2020

By Jake Rockwell

Southern Oregon real estate market showed some strong signs with the average selling price as compared to the asking price going up, from 94.4% to 95.3% in 2020. This means more sellers are getting more money for their home sales. 

There is a struggle with inventory however, the number of available properties is considerably down compared to last year during the same period. While the affordability index has increased, meaning more people can afford to buy, the inventory for those homes has dropped. This could mean its a terrific time to sell. However, be prepared to wait a little longer to sell as the average days on market in Josephine County rose 21.4% going from 70 to 85 days. 

Key Takeaways:

  • Homes sales prices specifically in Central Point are up 17.3% as compared to Jan 2019. 
  • Southwest Medford homes per buyer has dropped 62.3% from Jan 2019 to Jan 2020. 
  • Josephine county number of homes listed has decreased by -12.3%, making inventory even lower than a year ago. 

Links to Stats:


Create a custom market report catered to your neighborhood or any specific area and criteria.

Want an instant market valuation for you property?

Jan. 20, 2020

Make the Dream of Homeownership a Reality in 2020


Make the Dream of Homeownership a Reality in 2020 | MyKCM

In 1963, Martin Luther King, Jr. led and inspired a powerful movement with his famous “I Have a Dream” speech. Through his passion and determination, he sparked interest, ambition, and courage in his audience. Today, reflecting on his message encourages many of us to think about our own dreams, goals, beliefs, and aspirations. For many Americans, one of those common goals is owning a home: a piece of land, a roof over our heads, and a place where our families can grow and flourish.

If you’re dreaming of buying a home this year, the best way to start the process is to connect with a Real Estate professional to understand what goes into buying a home. Once you have that covered, then you can answer the questions below to make the best decision for you and your family.

1. How Can I Better Understand the Process, and How Much Can I Afford?

The process of buying a home is not one to enter into lightly. You need to decide on key things like how long you plan on living in an area, school districts you prefer, what kind of commute works for you, and how much you can afford to spend.

Keep in mind, before you start the process to purchase a home, you’ll also need to apply for a mortgage. Lenders will evaluate several factors connected to your financial track record, one of which is your credit history. They’ll want to see how well you’ve been able to minimize past debts, so make sure you’ve been paying your student loans, credit cards, and car loans on time. Most agents have loan officers they trust that they can refer you to.

According to,

Financial planners recommend limiting the amount you spend on housing to 25 percent of your monthly budget.”

2. How Much Do I Need for a Down Payment?

In addition to knowing how much you can afford on a monthly mortgage payment, understanding how much you’ll need for a down payment is another critical step. Thankfully, there are many different options and resources in the market to potentially reduce the amount you may think you need to put down up front.

If you’re concerned about saving for a down payment, start small and be consistent. A little bit each month goes a long way. Jumpstart your savings by automatically adding a portion of your monthly paycheck into a separate savings account or house fund. says,

“Over time, these automatic deposits add up. For example, $50 a month accumulates to $600 a year and $3,000 after five years, plus interest that has compounded.”

Before you know it, you’ll have enough for a down payment if you’re disciplined and thoughtful about your process.

3. Saving Takes Time: Practice Living on a Budget

As tempting as it is to settle in each morning with a fancy cup of coffee from your favorite local shop, putting that daily spend toward your down payment will help accelerate your path to homeownership. It’s the little things that count, so start trying to live on a slightly tighter budget if you aren’t doing so already. A budget will allow you to save more for your down payment and help you pay down other debts to improve your credit score. A survey of Millennial spending shows,

“70 percent of would-be first-time homebuyers will cut spending on spa days, shopping and going to the movies in exchange for purchasing a home within the next year.”

While you don’t need to cut all of the fun out of your current lifestyle, making smarter choices and limiting your spending in areas where you can slim down will make a big difference.

Bottom Line

If homeownership is on your dream list this year, take a good look at what you can prioritize to help you get there. Let’s get together today to discuss the best steps you can take to start the process.

Posted in Home Ownership
Jan. 13, 2020

Southern Oregon Market Stats Dec. 2019

Oct. 1 2019 to Dec. 31 2019

By Jake Rockwell

Southern Oregon real estate market showed some strong signs with an increase in number of homes sold as well as average sales price being up. We continue to see double digit increases median sales prices in Ashland, West Medford & Central Point.

Some Key Take-Aways:

  • The 4th quarter, year end market statistics, and real value reports are now available for Jackson and Josephine County. 
  • Both counties posted positive gains in median home value appreciation in 2019 with Jackson County up 4.5%, and Josephine County up 6.8% over 2018. Appreciation was found in new home sales for both counties as well.  In contrast, distressed sales amounted to less than 2% of overall home sales for the year.
  • The 4th quarter shows a strong finish to 2019 for both counties.  The one year change over 4th quarter 2018 for Jackson County was 7.1%, and 8.7% for Josephine County.  Meanwhile inventory for both counties is down significantly, with Jackson County down 21.4% and Josephine County down 27.5%.
  • In short, prices are up, inventory is down, and we are entering 2020 with strong sustainable momentum.  Interest rates and financing terms are favorable at the moment too, creating affordable housing scenarios for many looking to purchase. 

Links to Stats:


Create a custom market report catered to your neighborhood or any specific area and criteria.

Want an instant market valuation for you property?

Jan. 9, 2020

Not enough homes on the Market!!

There’s a Long Line of Buyers Waiting for Your House

There’s a Long Line of Buyers Waiting for Your House | MyKCM

If you’re following what’s happening in the housing market right now, you know that many people believe the winter months aren’t a good time to sell a home. As Senior Economist George Ratiu recently noted,

“Sellers tend to be more reluctant to list during the colder time of year when the market typically makes a seasonal slowdown.”

However, a recent report by ShowingTime reveals how this year is different. Buyer activity is way up compared to the same time last year. The report explains,

“The nation’s 12.6% growth in home showings compared to 2018 was the most significant jump in buyer traffic during the current four-month streak of year-over-year increases. The West Region saw the greatest growth in activity, with a 23.1% jump – the region’s greatest in the history of the Showing Index.”

The increase has spread across all four regions of the country, as the graph below shows:There’s a Long Line of Buyers Waiting for Your House | MyKCM

Bottom Line

Waiting for the “spring buyers’ market” may be a mistake this year. It seems the purchasers are already out and looking to buy.

Posted in Home Ownership