Central Oregon Weekend Planner May 17-19, 2019

 

CENTRAL OREGON WEEKEND PLANNER

MAY 17-19, 2019

WINE DOWN RANCH
SAT – Shop at a Farm Tour and Farmers Market on a working cattle ranch. Learn about the local farming industry and browse their 2100 acres.

CENTRAL OR BEER WEEK
THROUGH MAY 26 – Celebrate Oregon Beer Week with the craft beer culture thriving in Bend. Don’t miss out on this week-long party.

IMPROV
FRI – The Cascades Theatrical Bend Improv hosts a fun and hilarious night of improv made up of spot based audience suggestions.

NEW EXHIBIT
THROUGH MAY 31 – The High Desert Museum hosts a new exhibit Desert Reflections: Water Shapes the West. This exhibit blends together the modern issues that combine science, history, and art.   

LEGALLY BLONDE JR.
SAT-SUN Legally Blonde Jr. the Musical comes to life on stage at Tower Theatre based on the award-winning Broadway musical and hit movie.

PAINT NIGHT
SAT – Paint a midnight path with artist and instructor Nancy, as she takes you through a journey of painting step by step.

LLAMA FESTIVAL
SAT-SUN – Head to the Crook County Fairgrounds for the Oregon Llama Festival, showcasing all things encompassing fibers, guarding, riving, hiking, and packing.

FISHING DERBY
FRI-SUN – Bring your fishing poles to Detroit Lake for the annual Fishing Derby. The lake is stocked with thousands of rainbow trout. Try your hand at catching one of the 10 fish for cash prizes!

LIVE MUSIC
ONGOING – The Volcanic Theatre and Pub hosts live music that’ll move you. Check their calendar for live theatre and movies as well!

A STARRY NIGHT AT THE OBSERVATORY
ONGOING – Come to the observatory at night and view a guided constellation tour with experts.

MOVIES OPENING THIS WEEKEND

  • A Dog’s Journey
  • John Wick: Chapter 3
  • The Sun Is Also A Star
  • Aniara
  • Ask For Jane
  • The Meanest Man in Texas
  • The Souvenir
  • Trial By Fire
  • The Wandering Soap Opera
Click here for movie times and theaters.

 

FOR A COMPLETE LIST OF EVENTS IN THE AREA FOR THE ENTIRE MONTH, VISIT CENTRAL OREGON EVENTS

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

www.bhhsnw.com


Portland Metro Weekend Planner May 17-19, 2019

 

PORTLAND METRO WEEKEND PLANNER

MAY 17-19, 2019

SIP OF SPRING
SAT – Celebrate the coming of Spring at Rossi Farms. Sample beers and ciders on a working farm in city limits with picturesque landscaping.

PUG CRAWL
SUN – Portland’s zaniest pug parade and festival is back! This Game of Thrones Pug Crawl at Rogue Pearl Public House benefits the Oregon Humane Society.

WILDFLOWER FESTIVAL
SUN – The Wildflower and Music Festival displays the beauty of spring with floral displays, plants for sale, food, arts and crafts, music, guided walks, and kids’ activities.

UFO FESTIVAL
THROUGH SAT – This festival honors two local UFO spotters and their stories of the encounter. Dress up like an out-of-this-world being and attend the parade, listen to live music, run in a 5K, or participate in the kids’ fun center.

BICYCLE FILM FEST
FRI-SAT– Watch short films about bicycles, filmed on bicycles. The 17th Annual Filmed by Bike film festival hosts more than 70 films from all over the world.

SEASIDE WINE TASTING
SAT – The Spring Downtown Wine Walk in Seaside has participating local shops and 20 wineries will showcase their best wines from the comforts of Seaside.

THE OREGON SYMPHONY
ONGOING Classical Up Close hosts Oregon musicians and special guests for a series of 15 free chamber music concerts including six full-length evening concerts, six intimate blitz performances, and three kids’ concerts.

WHALE OF A WINE FEST
FRI-SUN – Drive out to the Oregon Coast for live music, art, food, and wine at scenic Gold Beach.

ENDANGERED SPECIES DAY
SAT – Head to the Oregon Zoo, home to more than 20 endangered species to learn about the importance of protecting these animals. View the popular endangered African painted dogs, Californian condors, and Asian elephants.

SINGIN’ IN THE RAIN
THROUGH JUNE 9 Lakewood Theatre Company closes out its 66th season with the triumphant movie musical Singin’ In the Rain, tapping its way from cinema’s silver screen to the Lakewood Headlee Mainstage. Hilarious situations, snappy dialogue and a downpour of unforgettable songs and real rain make it the perfect entertainment for any fan of the golden age of movie musicals. Production directed by NW acclaimed Director, Ron Daum and features many well-known and award-winning performers from the local stage.

COMEDIC FILM FESTIVAL
FRI-SUN – The Portland Comedy Film Festival screens independent international comedic films over nine, two hour sessions.

OMSI EVENT
ONGOING – OMSI takes a behind the scenes glance at Pixar creations. Experience the science, technology, art, and concepts by Pixar artists for award-winning films.

HISTORIC CHINATOWN
ONGOING – Head to the Portland Chinatown Museum for a look beyond the gate. This exhibit uses rate objects and visuals to explain the history and old tales of Portland’s historic Chinatowns.

VANCOUVER METRO EVENTS 

DOZER DAY
SAT-SUN – The ultimate construction experience puts kids in the driver’s seat, allowing kids to learn how to operate a dump truck, excavator, and learn about sustainability.

116 YEARS ON THE FARM
FRI – The English Estate Winery is celebrating the 116th Anniversary of the farm with a celebration featuring local apple cider, a food truck, local artists with jewelry, clothing, and more!

MOTOCROSS CLASSIC 7
SAT – The Classic 7 Series is back with local competing motocross fanatics. Witness the live race and see who ends up in the winner’s circle.

VANCOUVER FARMERS MARKET
ONGOING –  The Vancouver farmers market features local fresh produce and products.

MOVIES OPENING THIS WEEKEND

  • A Dog’s Journey
  • John Wick: Chapter 3
  • The Sun Is Also A Star
  • Aniara
  • Ask For Jane
  • The Meanest Man in Texas
  • The Souvenir
  • Trial By Fire
  • The Wandering Soap Opera
Click here for movie times and theaters.

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

FOR A COMPLETE LIST OF EVENTS IN THE AREA FOR THE ENTIRE MONTH, VISIT

www.events12.com/portland

 

 

www.bhhsnw.com


Storing Gear in Your Pacific Northwest Home

 

Storing Gear in Your Pacific Northwest Home

If you live in the Pacific Northwest, there is a good chance you have a lot of gear. Camping, hiking, mountain biking, surfing, and kayaking—the outdoor activities are endless. You could literally plan a new excursion every weekend and never hit the same Oregon or Washington destination twice.

During the work week, when not trekking out to a new waterfall or renting a yurt on the coast, where do you put all your gear? Don’t let the chaos left behind from your weekend stress you out—check out these tips for storing gear in your home.

 

TIP 1: First of all, declutter. We tend to acquire a lot of gear over the years, so get rid of that extra bike helmet, old tent poles and the hammock with a hole in it. Only keep what you actually use.

TIP 2: Remember your backpacks and bags can act as storage when they are not being used. Keep your bag packed to save space and streamline your departure.

TIP 3: Use a laundry basket in the corner of your shed or garage to store oddly long items like oars or ski poles.

TIP 4: Buy plastic totes or bins and organize by activity and season.

TIP 5: Add multi-shelf racks in your garage, shed, or storage room.

TIP 6: Install a peg board to store hangable items like rock climbing gear and cast iron cookware.

TIP 7: Store your kayak, stand up paddleboard, or bike in a way that maximizes space. Don’t let gravity hold you down, think hooks on walls or even the ceiling of your garage.

TIP 8: Use your gear! There is no point in creating space for it if you don’t get out and explore the Northwest. Hang up photos of your excursions on the wall of your storage room to keep your sense of adventure alive.


May’s Hot Housing Market Increases Mortgage Applications

 

 

May’s Hot Housing Market Increases Mortgage Applications

The Mortgage Bankers Association announced This Week in Real Estate that the mortgage credit availability index for April was the highest reading for that month ever in the eight-year index. A high reading means it’s easier to get a home loan and a low reading indicates a credit crunch. Below are a few highlights from the first full week of May that influence our business:

Leading Indicators Point To A May Pick-Up in Home Sales. Mortgage credit availability is the highest ever recorded for the spring market. Fixed rate for home loans are near 4% and wages are up. What can that mean for the spring selling season? Unless Americans don’t want to own houses anymore – and that hasn’t happened yet – it means this month’s data should look pretty good. The purchase index from the Mortgage Bankers Association, which measures applications for mortgages to buy homes, increased 5% during the first week of May compared with the previous week and was 5% higher than the same week one year ago. MBA’s mortgage credit availability index for April was the highest reading for that month in the eight-year index. And, it was near the record high seen in mid-2018. A high reading means it’s easier to get home loans and a low reading indicates a credit crunch. At the end of March, the U.S. average rate for a 30-year fixed mortgage had the largest one-week decline in more than 10 years, dropping to 4.06%, according to Freddie Mac. Since then, it has bounced around in a narrow band, and this week averaged 4.1%. That’s almost half a percentage point lower than it was a year ago, according to Freddie Mac data. Sales of new homes, which are recorded when a contract is signed, rose 4.5% in March, according to the Commerce Department. Pending home sales, reflecting existing homes with newly signed contracts, rose 3.8% in March, according to the National Association of Realtors. “There is a pent-up demand in the market, and we should see a better performing market in the coming quarters and years,” Lawrence Yun, chief economist of NAR, said in the report.

Lending Conditions Tighten (But Less Than Expected). The recently released results of the Federal Reserve Board’s quarterly Senior Loan Officer Opinion Survey (SLOOS) show some tightening of lending conditions in the first quarter of 2019. While many banks reported that their standards in approving applications for credit cards from individuals or households tightened somewhat, overall, the tightening was not as much as they had anticipated, when they were asked about their outlook for 2019 in the fourth quarter of 2018’s survey. The tightening of credit standards is consistent with the Federal Reserve’s data on Consumer Credit, which, in part, show a decrease in revolving debt from the previous month.

Cooling of Home Price Gains Continued For Eleventh Consecutive Month. National home prices increased 3.7 percent year over year in March 2019 and are forecast to increase 4.8 percent from March 2019 to March 2020, according to the latest CoreLogic Home Price Index (HPI) Report. The March 2019 HPI gain was down from the March 2018 gain of 6.6 percent and it continued a slowdown in home price growth that began in May 2018. The overall HPI has increased on a year-over-year basis every month for seven years (since March 2012) and has gained 59 percent since hitting bottom in March 2011. As of March 2019, the overall HPI was 6.9 percent higher than its pre-crisis peak in April 2006. Adjusted for inflation, U.S. home prices increased 2.6 percent year over year in March 2019 and were 12.5 percent below their peak.

Looking to purchase a new home or see how much of a mortgage you can qualify for? Speak with a HomeServices Lending Mortgage Loan Officer in Oregon or Washington today!

 


Central Oregon Weekend Planner: May 10-12, 2019

 

CENTRAL OREGON WEEKEND PLANNER

MAY 10-12, 2019

MOTHER’S DAY AT THE RANCH
SUN – Spend Mother’s Day eating brunch or with special spa treatments, free golf, or a free bike rental. Call for reservations.

ANTIQUE AUCTION
FRI-SUN – The Deschutes County Expo Center hosts the 6th Annual Cowboys, Indians, and Antique Auction. This year, over 600 items will be for sale with blacksmith items, artwork, furniture, and items from the Chuck Irvin Estate.

GREAT NW MUSIC TOUR
FRI-SUN – The Great Northwest Music Tour has a family friendly performance featuring performances from folk, R&B, jazz, gospel, and rock and roll.

REMODELING WORKSHOP
SAT – Neil Kelly, an award-winning home remodeling expert hosts a remodeling workshop focused on instilling inspiration for improving functionality and smart home design.

BRUNCH AT THE OXFORD
SUN – The Oxford Hotel hosts a special Mother’s Day brunch in the heart of downtown Bend in their locally sourced restaurant, 10 Below. Treat mom to a buffet with fresh breakfast favorites, salads, seafood, desserts, and more.

RIVERHOUSE BRUNCH
SUN – A special Mother’s Day Buffet will be held at the Riverhouse with a Mimosa and Bloody Mary bar. Drift Spa at Riverhouse will also be open, reserve time to treat mom to a special pampering after the meal.

SISTERS BRUNCH
SUN – Bring mom to a Mother’s day brunch at Five Pine Lodge in Sisters with specialties like smoked salmon, fruit array, crepes, turnovers, desserts, a pancake bar, and more!

LIVE MUSIC
ONGOING – The Volcanic Theatre and Pub hosts live music that’ll move you.

MOTHER’S DAY
SUN – The High Desert Museum hosts free admission for moms! Head to the Museum website for more info.

MOTHER’S DAY AT THE VINEYARD
SUN – Celebrate with a brunch at Faith Hope and Charity Vineyards with two seating times. Enjoy a juice bar, fruit and cheese platters, seafood, eggs Benedict, and a death by chocolate dessert.

LIVE MUSIC
SAT – Head to the High Desert Museum for a pioneering house band, the Thorn Hollow String Band. Don’t miss out on free admission to the Museum!

MOVIES OPENING THIS WEEKEND

  • The Hustle
  • POMS
  • Pokémon Detective Pikachu
  • Tolkien
  • The Biggest Little Farm
  • Charlie Says
  • The Professor and the Madman
  • Student of the Year

 

Click here for movie times and theaters.

FOR A COMPLETE LIST OF EVENTS IN THE AREA FOR THE ENTIRE MONTH, VISIT CENTRAL OREGON EVENTS

www.bhhsnw.com


Portland Metro Weekend Planner: May 10-12, 2019

PORTLAND METRO WEEKEND PLANNER

MAY 10-12, 2019

RUN MAMA RUN
SAT – This Fun Run and Walk is stroller friendly in a 5k, 10k, and kid’s Fun Run. Participate in this Mother of a race and proceeds benefit the local non-profit Mother & Child Education Center.

DOGGIE DASH
SAT – Head to the Pet Festival of the year at the Waterfront with a walk and run. Bring your furry four-legged friend and support the pets at OHS.

ARCHITECTURE TOUR
FRI-SAT– Browse Mid-Century Modern Design with a lecture Friday and a self-driving tour of homes and after party Saturday.

SCIENCE FEST
SAT Portland ScienceFest hosts speakers, workshops, and family activities. Come out and support scientific research, science education and more!

SILENT FILM FESTIVAL
SAT – Watch silent films created by local children, with live music at the International Youth Silent Film Festival at Hollywood Theatre. The filmmakers get to choose one of 10 original themes musically composed for the festival as the filmmakers compete for the prize of $1,000!

TENALI
THROUGH SUN – The Northwest Children’s Theatre hosts Tenali: The Royal Trickster. This tale follows a hilarious and exotic whodunnit.

BIZARRE IN ST. JOHNS
SAT – Head to St. Johns to celebrate the eclectic charm with the community in the 13th Annual Bizarre with live entertainment and local vendors.

THE OREGON SYMPHONY
ONGOING Classical Up Close hosts Oregon musicians and special guests for a series of 15 free chamber music concerts including six full-length evening concerts, six intimate blitz performances, and three kids’ concerts.

MOM’S FLOWER SHOW
SAT-SUN – The Mother’s Day Rhododendron Show hosted at the Crystal Springs Rhododendron Garden shows off the beauty of these colorful flowers as well as a sale, so you can buy mom her favorite display.

MOTHER’S DAY CRUISE
SAT – Take advantage of the gorgeous weather we’re expecting this weekend by basking on the water during a Portland Spirit Cruise. Enjoy brunch or dinner in Portland or Cascade Locks.

BRUNCH AT THE ZOO
SAT – Bring mom to the Zoo to say “thanks” with a sweet and savory brunch buffet and then spend family time cruising through the Zoo afterward.

OMSI EVENT
ONGOING – OMSI takes a behind the scenes glance at Pixar creations. Experience the science, technology, art, and concepts by Pixar artists for award-winning films.

HISTORIC CHINATOWN
ONGOING – Head to the Portland Chinatown Museum for a look beyond the gate. This exhibit uses rate objects and visuals to explain the history and old tales of Portland’s historic Chinatowns.

VANCOUVER METRO EVENTS 

CALL YOUR MOTHER CABARET
FRI-SUN – This Cabaret hosts Broadway songs all about moms! This hilarious and touching show brings back classics from hits like Fiddler on the Roof, Gypsy, and Waitress.

CHILDREN’S CULTURAL PARADE
FRI – Kids get the opportunity to parade through the park sharing world cultures and participating in family entertainment at the Fort Vancouver National Historic Site.

SAVOR SW WA
SAT – Head to the Pearson Air Museum and taste the best of Southwest Washington’s wines. Over 15 boutique wineries and six local eateries will be in attendance, giving you the luxurious opportunity to sip, sample, and experience.

CAMAS PLANT & GARDEN FAIR
SAT – Head to the Garden Fair and get mom her favorite plants for Mother’s Day. Browse plants, trees, garden art, and supplies.

VANCOUVER FARMERS MARKET
ONGOING –  The Vancouver farmers market features local fresh produce and products.

MOVIES OPENING THIS WEEKEND

  • The Hustle
  • POMS
  • Pokémon Detective Pikachu
  • Tolkien
  • The Biggest Little Farm
  • Charlie Says
  • The Professor and the Madman
  • Student of the Year
Click here for movie times and theaters.

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

FOR A COMPLETE LIST OF EVENTS IN THE AREA FOR THE ENTIRE MONTH, VISIT

www.events12.com/portland

 

www.bhhsnw.com


Federal Funds Rate Holds while Homeowner Tenure Slips

 

 

 

Federal Funds Rate Holds while Homeowner Tenure Slips

The Federal Reserve decided to keep the federal funds rate steady This Week in Real Estate, with no expectation of a rate increase until the end of the year, at the earliest. Below are a few highlights from the last few days of April that influence our business:

Federal Reserve: Patience Continues. At the conclusion of its May meeting, the Federal Reserve held the key, short-term federal funds rate steady, with a top rate of 2.5%. The decision was unanimous and widely expected, with members of the Federal Open Market Committee agreeing that while economic growth conditions remain “solid,” inflation pressures remain anchored. We do not expect another federal funds rate increase until, at the earliest, the end of 2019. For housing, the more dovish perspective of the Federal Reserve is an important reason why mortgage interest rates have declined from late-2018 cycle highs. Given that the housing market faced a 10-year low for housing affordability last Fall, the Fed’s approach is a net positive for future housing market activity and offers an offset (but only a partial one) for rising construction costs. These costs are limiting housing inventory, particularly at the entry-level market. Moreover, higher production costs have caused housing affordability to decline in recent years and are the primary driver for NAHB’s call for generally flat conditions for new home sales and starts in 2019.

Homeowners Are Staying Put, Just Not For As Long As Before. At the end of last year, the length of time that a homeowner stayed put hit a record high at an average of 8.17 years. But the latest data from the first quarter of 2019 reveals that the average tenure has begun to backslide as more Americans opt to relocate. Homeowners who sold their home in Q1 2019 had owned their property for an average of 8.05 years, according to the latest from ATTOM Data Solutions. While this is down slightly from the previous quarter, ATTOM points out that it is up from the 7.75-year average seen in Q1 2017. It’s also significantly longer than the average tenure seen in the years leading up to the housing bubble. Between 2000 and 2007, homeowners moved an average of just 4.21 years, ATTOM revealed.

Top Home Technology Features. According to the latest edition of NAHB’s study, What Home Buyers Really Want, 46 percent of recent and prospective home buyers want a security camera in their home, more than any other home technology feature listed in the survey. Three of the four most wanted features are security-related: along with a security camera, a video doorbell and a wireless home security system are wanted by at least 40 percent of home buyers. However, at most 21 percent of homebuyer currently have any one of these technology features installed, indicating that there is market growth potential for these items. In contrast, about the same share of home buyers who want a programmable thermostat (44 percent) have one already installed (41 percent). Four other home technology features are desired by at least a third of buyers: a multi-zone HVAC system (39 percent), a lighting control system (36 percent), and a wireless home audio system and central vacuum system (both wanted by 33 percent of home buyers). An energy management system/display and a smart washer/dryer (controlled remotely) are wanted by 31 percent of home buyers each.  Few home buyers currently have any of these items (14 percent of home buyers at most), which also indicates that there is room for growth in these product areas.


Central Oregon Weekend Planner May 3-5, 2019

 

CENTRAL OREGON WEEKEND PLANNER

MAY 3-5, 2019

FIRST FRIDAY
FRI – Take a stroll through new exhibitions of incredible art in the Old Mill District. See a variety of mediums from traditional paintings, sculpture, and photography.

HOOT, HOLLER & SING
SAT-SUN – The Historic Shaniko hosts a classic car show, bluegrass, folk, country performances, and campfire jam.

STAR WARS RUN
SAT – May the 4th be with you! This Star Wars themed 5K, 10K, kids fun run, and silent auction benefit the Redmond Alano Club. Gather and run with your support system along Central Oregon’s Dry Canyon.

FARMERS MARKET
SAT – The Food and Farm Faire is an indoor farmers market with local and early season produce.

SPRING PADDLE FESTIVAL
SAT – Embrace the longer, sunny days of spring with a paddle down Tumalo Creek. Staff will be on hand to help with newcomers. Demo dozens of kayaks, canoes, paddle boards and more!

PHOTO TOURS
SAT – Learn how to capture the night sky from Bend Photo Tours. Head out along Cascade Lakes Hwy for optimal star viewing and photograph the Milky Way!

HOME & GARDEN SHOW
FRI-SUN – The Spring Home and Garden Show features over 200 vendors in the industry. Browse entertainment ideas and gain inspiration to take home and renovate your home.

MOVIE TRIVIA
SUN – Head to Blockbuster for the Ultimate Movie Trivia! Trivia night is free to play and many fun prizes are up for grabs!

MOVIES OPENING THIS WEEKEND

  • El Chicano
  • The Intruder
  • UglyDolls
  • Long Shot
  • Ask Dr. Ruth
  • Bolden
  • The Covent
  • Meeting Gorbachev
  • Savage
  • Shadow
Click here for movie times and theaters.

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES


Portland Metro Weekend Planner: May 3-5, 2019

PORTLAND METRO WEEKEND PLANNER

MAY 3-5, 2019

CINCO DE MAYO FIESTA
FRI-SUN – Enjoy live entertainment, authentic food, carnival rides, and more family fun at Tom McCall Waterfront Park.

CINCO DE MAYO CRUISE
SAT – Hop on board the Portland Spirit to celebrate and ring in the first hours of Cinco de Mayo with a live mariachi band and guest DJ’s.

LGBTQ DOCUSERIES
THROUGH SUN QDOC is the only U.S. festival devoted to LGBTQ documentaries at Hollywood Theatre, showcasing core issues of identity, politics, history, culture, diversity, and more. 

TULIP FESTIVAL
THROUGH SUN – View 40 acres adorned with tulips and daffodils in full bloom. Enjoy a snack at the gift shop and café at the Wooden Shoe Tulip Festival.

SCRUMPTIOUS PDX
SAT – Eat, drink, and support the Portland Rugby club and Rugby Oregon Youth Organization. Enjoy gourmet small bites prepared by Portland’s top chefs, paired with drinks from Widmer Brothers Brewing and Portland Cider Co.

SABERTOOTH ROCK FEST
SAT Sabertooth features rock and psychedelic music with vendors and beer tastings at the Crystal Ballroom.

TENALI
THROUGH MAY 12 – The Northwest Children’s Theatre hosts Tenali: The Royal Trickster. This tale follows a hilarious and exotic whodunnit.

DINNER IN THE FIELD
SAT – An upcoming season of Dinner in the field is upon us! This Friday, head to Barn Kestrel to enjoy a special 6-7 course dinner paired with featured Westward Whiskey. Mark your calendar to enjoy an evening in preserved barns around Oregon.

THE OREGON SYMPHONY
ONGOING Classical Up Close hosts Oregon musicians and special guests for a series of 15 free chamber music concerts including six full-length evening concerts, six intimate blitz performances, and three kids’ concerts.

CRAFT MARKET
SAT – Shop from over 200 craft vendors and artists at the Crafty Wonderland Spring Art & Craft Market at the Oregon Convention Center.

OBSTACLE RACE
SAT – The Great Inflatable Race brings out your inner-kid with blow-up obstacles at the Portland International Raceway.

KENTUCKY DERBY
SAT – Head to Portland Meadows to watch the live stream of the 145th Annual Kentucky Derby. Dress to impress with a flair of southern charm.

OMSI EVENT
ONGOING – OMSI takes a behind the scenes glance at Pixar creations. Experience the science, technology, art, and concepts by Pixar artists for award-winning films.

HISTORIC CHINATOWN
ONGOING – Head to the Portland Chinatown Museum for a look beyond the gate. This exhibit uses rate objects and visuals to explain the history and old tales of Portland’s historic Chinatowns.

VANCOUVER METRO EVENTS 

IMPROV SHOW
SAT May the Fourth Be With You features local comedians acting in an improv show at Magenta Theater. Be prepared for some Star Wars related jokes and games while enjoying the Niche Wine Bar.

UTV COURSE RACING
SUN – The Grass Roots UTV Series features ultra-short course racing in Washougal.

SPRING FESTIVAL
SAT – The Ridgefield First Saturday, May Day Festival hosts games and family fun, a farmers market, and more!

ANIMAL BENEFIT
SAT – Head to Esther Short Park for a Walk/Run for the animals. Stroll along the Columbia or run a timed 5k through Fort Vancouver. Say hello to Rojo the Llama and meet dozens of pet-friendly vendors.

VANCOUVER FARMERS MARKET
ONGOING –  The Vancouver farmers market features local fresh produce and products.

MOVIES OPENING THIS WEEKEND

  • El Chicano
  • The Intruder
  • UglyDolls
  • Long Shot
  • Ask Dr. Ruth
  • Bolden
  • The Covent
  • Meeting Gorbachev
  • Savage
  • Shadow
Click here for movie times and theaters.

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

FOR A COMPLETE LIST OF EVENTS IN THE AREA FOR THE ENTIRE MONTH, VISIT

www.events12.com/portland

www.bhhsnw.com


When to Sell Your Home for the Highest Return on Investment

 

When to Sell Your Home for the Highest Return on Investment

ATTOM Data Solutions released its Q1 2019 U.S. Home Sales Report This Week in Real Estate, finding that homeowners who sold their home in the first quarter realized a 31.5% return on their investment. Below are a few highlights from the fourth week of April that influence our business:

New Home Sales Rise in March with Lower Rates. Contracts for new, single-family home sales increased almost 5% on a monthly basis to a 692,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the Census Bureau. The months’ supply number improved to 6.0, which indicates the market is stabilizing after the fall-off in sales last Fall due to higher interest rates. For the first quarter of 2019, new home sales are running 1.7% higher than the first quarter of 2018. However, while sales were up 9.6% for the quarter in the South (the largest region), sales were down 5.9% in the West, 8.1% in the Midwest and 17.6% in the Northeast.

U.S. Home Sellers Realized Average Price Gain of $57,500 in First Quarter of 2019. ATTOM Data Solutions released its Q1 2019 U.S. Home Sales Report on Thursday, which shows that homeowners who sold in the first quarter realized an average price gain of $57,500 since purchase, representing an average 31.5% return on the purchase price. Meanwhile, the report also shows that homeowners who sold in the first quarter had owned an average of 8.05 years, down slightly from a record-high average homeownership tenure of 8.17 years in Q4 2018 but still up from 7.75 years in Q1 2018. Homeownership tenure averaged 4.21 years nationwide between Q1 2000 and Q3 2007, prior to the Great Recession.

Homeownership Rate Flat, But Household Growth Booming. According to the latest Housing Vacancies and Homeownership data release from the U.S. Census Bureau, the homeownership rate was flat year-over-year at 64.2 percent in the first quarter of 2019. The flat change was due primarily to a strong uptick in new renter households, although growth among owner households continues to strongly outpace renters. While the homeownership rate was flat over the past year, the first quarter of 2019 was the sixth consecutive quarter that owner-occupied households grew by more than a million, at nearly 1.1 million new owner households. Total household growth remains strong, topping 1 percent for six straight quarters, and continues the most significant streak of household growth in more than 12 years.


©2016 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc. Equal Housing Opportunity.