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JANUARY 19TH, 2023 9AM | VIRTUAL EVENT

The 4th AnnualOregon HousingEconomic SummitWelcome to

Thank you to our Presenting Sponsor!

Thank you to our Platinum Sponsors!

AGENDA9:05 AMHousing Economic UpdateMolly Boesel, Principal, Economist, Officeof the Chief Economist at CoreLogic9:40 AMState Economist PerspectiveJosh Lehner, Economist, State ofOregon Office of Economic Analysis10:45 AMPanel: Perspectives in Development with Q A11:30 AMPanel: Perspectives in the Legislative Arenawith Q A10:05 AMBreak10:35 AMPanel: Perspectives in Financing with Q AWelcome9:00 AM&&&11:55 AMClosing Remarks

Thank you to our Silver Sponsors!

Molly BoeselPrincipal, Economist, Office of theChief Economist at CoreLogicJosh LehnerEconomist, State of Oregon Officeof Economic AnalysisGuest SpeakersJoan ReukaufEVP & Chief Operating OfficerPeople's Bank of Commerce, HostHousing Economic UpdateState Economist Perspective

Perspectives inFinancing PanelRandy CoxCEO, Executive DirectorKlamath County EconomicDevelopment AssociationJoan ReukaufRyan DempsterPresident & Chief Executive OfficerWillamette Valley BankDr. Jessica LautzDeputy Chief Economist and VicePresident of ResearchNational Association of REALTORS®EVP & Chief Operating OfficerPeople's Bank of CommerceModerator

• First time home buyer savings account – The state of Oregon allows first time home buyers to claim an income tax deduction on deposited down payment funds into an Oregon financial institution up to $10,000 a year.2• 30 day closing guarantee – if we fail to close the loan within 30 days, we pay the seller $5,000.• Temporary rate buydown programs – provides lower introductory interest rates, which allows a borrower to lower the payments of their loan for a period of years.3• Extended lock programs – lock terms available up to 365 days.4• Construction and land loans – When your buyers cannot find the home of their dreams, they may qualify to build it.• We have the ability to lend in all 50 states. 844.310.4113 | WVBK.COMWHY WORK WITHWILLAMETTE VALLEY BANK?WE’RE THEIN THE NATION SINCE 20191#1 COMMUNITY BANKThis is not a commitment to lend as products are subject to credit approval. Terms subject to change without notice. Information accurate as of 11/17/22.1 No. 1 on the list of 200 top pe orming publicly traded banks with less than $2 billion of assets by American Banker Magazine. 2 WVBK savings account,minimum deposit of $100. For more information and detailed requirements, visit www.oregon.gov/dor/programs/individuals/pages/ rst-homebuyers.aspx. Borrowers should consult their own tax advisors to determine if they are eligible for tax deductions. First Time Homebuyer SavingsAccount not available in state of Washington. 3 Interest rate bought down by Seller or Builder. Max total interest rate reduction of 3.00%, max increase of1.00% per year until returning to note rate. 1-0 and 2-1 buydown are options for conventional, VA and FHA loans. 3-2-1 buydown is an option forconventional and VA loans. Willame e Valley Bank is not acting on behalf of or at the direction of the VA, the FHA or the federal government. Additionalterms and conditions apply. 4 subject to terms and conditions and qualifying credit approval. C O N T A C T U S T O A P P L Y T O D A Y !

Perspectives inDevelopment PanelMayor Sean VanGordonMayorCity of SpringfieldTony KellyMBA, Principal Broker, REALTOR®TLK Group Properties, KW Realty Portland PremierModeratorMike RobinsonDirector of Government and LegalAffairs, Pahlisch HomesBrent LandelsREALTOR®/Principal Broker, CascadiaGroup, RE/MAX Key PropertiesAriel NelsonLobbyist, League of Oregon Cities

Oregon Data from Zillow2023 PredictionsBuyers have more options now than at any time in the past two years, especially in counties that have seen large increases in housing inventory — like Tillamook, Columbia, Clatsop, Douglas and Josephine.However, the typical home value in the Portland metro area is still up 34%from pre-pandemic values.Zillow forecasts that the typical homevalue in the Portland metro area willfall by about 1.6%.More expensive markets will likely see the largest slowdown in sales.For the latest research, forecasts and expert analysis of the housing market, visit Zillow.com/research.

Perspectives in theLegislative Arena PanelJodi HackCEO Oregon Home Builders AssociationModeratorRepresentative Jeff HelfrichState Representative, House District 52Senator Dick AndersonState Senator, Senate District 5Vice-Chair, Senate Committee onHousing and DevelopmentVice-Chair, House Committee onHousing and Homelessness