This Week in Real Estate: August 31, 2015

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The good news This Week in Real Estate was the U.S. economy was in even better shape that we thought. The U.S. economy grew 3.7% in the second quarter, much higher than the first official estimate on growth of 2.3% and even higher than what economists were projecting, according to the Commerce Department’s measure of gross domestic product, the broadest measure of economic activity. Like the prior week’s closing and start of this week the stock market experienced continued volatility, but unlike the first few days the week ended in historical fashion. The Dow finished Thursday up 369 points and combined with Wednesday’s 619-point rally, it was the best two-day point gain for the Dow in its history, surpassing the previous record set in 2008. Below are a few of the highlights from the third week in August that influence our business:

* Pending Sales Maintain the Ride Up. The Pending Home Sales Index increased in July for the sixth time in seven months. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased 0.5% in July from an upwardly revised June report, and is up 7.4% from the same month a year ago. The positive pending sales report follows a strong 5.4% increase in July new home sales reported two days ago, and the 2.0% increase in July existing sales reported last week. Following a week of wrenching equity market volatility, improved home sales, coupled with a strong GDP report today, suggests continued good news for the existing sales market and for builders in 2015. Year-over-year, the PHSI was up 12.1% in the Northeast, 7.5% in the West, 6.5% in the South and 5.7% in the Midwest.
Full Story… http://eyeonhousing.org/2015/08/pending-sales-maintain-the-ride-up/

* RealtyTrac’s July 2015 U.S. Home Sales Report. A total of 1,344,129 single family homes and condos sold in the first six months of 2015, according to public record sales deeds collected by RealtyTrac, the highest number of sales in the first half of any year since 2007. The U.S. median home sales price in July was $189,500, up 2 percent from the previous month and up 2 percent from a year ago to the highest level since September 2008. “While the stock market may be on a roller coaster as of late, the housing market is still on solid ground, with eight-year low in cash sales combined with the eight-year high in overall sales volume in the first half of the year evidence that housing is successfully transitioning from an investor-driven recovery to one that is drawing in traditional buyers as a good foundation for sustainable growth going forward,” said Daren Blomquist, vice president at RealtyTrac. Full story… http://www.realtytrac.com/news/home-prices-and-sales/july-2015-u-s-home-sales-report/

* MBA Forecasts Housing Demand Over Next 10 Years. The Mortgage Bankers Association (MBA) has just released a paper, Demographics and the Numbers Behind the Coming Multi-Million increase in Households, forecasting housing demand over the next ten years. Their study used date from 1975 – 2014 a period encompassing several market and housing cycles and the short version of its conclusion was the “By 2024, demographic and economic changes will bring what could be one of the largest expansions in the history of the U.S. housing market – 15.9 million additional households.” Even if household formation remains at 2014 low rates, demographic changes alone should account for 13.9 million new households by 2024. Full Story… http://www.mortgagenewsdaily.com/08282015_housing_demand.asp

* International Buyers Flow Into U.S. Housing Market, China Tops List. This year, for the first time since the National Association of Realtors has tracked foreign buyers of U.S. real estate, buyers from China have surpassed for the first time Canadiens, Europeans, Mexicans and Middle Eastern home buyers as the top overseas purchasers of homes in the United States. Chinese investment in U.S. residential real estate has grown from a measly $50 million in 2000 to an eye-popping $28.6 billion in the year ending in March 2015, up 72 percent from a year earlier, double the amount spent a year earlier, surpassing all other foreign buyers. All told, overseas home buyers spent a record $104 billion buying U.S. homes in the 12 months ending in March 2015, with Chinese buyers leading the pack. In the 2014 survey, foreigners spent $92 billion on U.S. homes over a 12-month period, up 35 percent from a year earlier. Chinese buyers are now the biggest international buyers of U.S. real estate in terms of dollar volume, total units, and average price paid. Moreover, 76 percent of Chinese buyers pay cash. Full Story… http://www.realtytrac.com/news/company-news/international-buyers-flow-into-u-s-housing-market-china-tops-list/

Have a productive week!

Jason


Meet the newest additions to Berkshire Hathaway HomeServices

We are proud to announce the addition of these brokers to the Berkshire Hathaway HomeServices Northwest Real Estate family. Please help us give a warm welcome to the following real estate professionals:

Anita Potter – Bend

Meg Watkins – Bend

Tara Tankersley – Bend

Diane Monaco – West Portland

Steph Littell – Sandy

Alex Hughes – Clark County NW

Vickie Creagan – Clark County NW

David Rogers – McMinnville

Alex Dugan – Bend

Ashley Benson – Columbia Tech Center

Amber Blake – Newberg

Maureen Daniels – Mt Scott

Edwin Siemion – West Portland

Are you interested in creating a successful career in real estate with a strong company? Click here to see how Berkshire Hathaway HomeServices Northwest Real Estate helps our brokers build lasting careers based on delivering exceptional service backed by integrity. Email careers@bhhsnw.com to schedule an appointment.


This Week in Real Estate: Aug. 24, 2015

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Despite how the Dow Jones closed on Friday it had no impact on interest rates. This Week in Real Estate ended with the lowest interest rates in 3 months. Below are a few of the highlights from the third week in August that influence our business:

* Existing Sales Grow. Existing home sales steadily increased for the third consecutive month in July, and remained at the highest level since February 2007; but the first-time buyer share fell for the second consecutive month to the lowest level since January. Total existing home sales increased by 2.0% in July to a seasonally adjusted rate of 5.59 million units. July existing sales were up 10.3% from the same period a year ago, and have increased year-over-year for ten consecutive months. Existing sales increased by 4.1% in the South and 3.2% in the West, but were flat in the Midwest and fell 2.8% in the Northeast. Year-over-year, all four regions also increased, ranging from 11.3% in the West to 9.4% in the Northeast. Total housing inventory in July decreased by 0.4% from June, and is 4.7% below its level a year ago. At the current sales rate, the July unsold inventory represents a 4.8-month supply. The Distressed sales share decreased to 7% in July, down from 8% in June and 10% in May, compared favorably to the 9% share during the same month a year ago. The July median sales price of $234,000 was 5.6% above the same month a year ago, and represented the 41st consecutive month of year-over-year price increases.
Full Story… http://eyeonhousing.org/2015/08/existing-sales-grow-except-for-first-time-buyers/

* Builder Confidence, Single-Family Starts Rising. The most recent home construction data offer modest reasons to be optimistic, although risks remain. The August NAHB/Wells Fargo Housing Market Index continued its slow rise to a nine-plus-year high of 61, up one point from July. The index has been at 60 or more since June and above the tipping point of 50 since July 2014. Components measuring current and future home sales also rose to or remained at heights not seen since late 2005. The current sales index rose one point to 66 and the expected sales component remained at 70 after rising to that level in July. However, despite their rising levels of confidence, builders continue to face difficulty obtaining lots to build on and labor to build the homes. In July, Census estimates indicate that the pace of single-family starts was up 13%, as the recovery for home building continues. Single-family permits were down 1.9%, however. Overall, the July starts report indicates a rebalancing of multi-family development, while continuing the modest but steady progress in single-family production. Full story… http://www.realtytrac.com/news/company-news/q2-2015-loan-origination-report/

* Mortgage Rates on Year’s Longest Winning Streak. Mortgage rates moved moderately lower yet again. This extends a winning streak that began on July 14th, making it the longest positive trend in 2015. If this seems paradoxical in light of everything you may have heard about the Fed hiking rates this year, that’s normal. Market participants and pundits have a long history of getting too attached to a certain idea only to be punished by markets for the imbalance. Today’s rates are the lowest in 3 months.
Full Story… http://www.mortgagenewsdaily.com/consumer_rates/502546.aspx

* Serious Delinquency Rates Continue Their Descent. According to a report by the Mortgage Bankers’ Association the delinquency rate for mortgage loans on 1-4 unit residential properties decreased to a seasonally adjusted rate of 5.30% of all loans outstanding at the end of the second quarter 2015, 24 basis points less than its level in the first quarter of 2015 and 74 basis points below its level one year ago. The serious delinquency rate is now 3.2 percentage points below its peak level in the fourth quarter of 2009. As of the second quarter of 2015, the serious delinquency rate stands at 1.9%. Full Story… http://eyeonhousing.org/2015/08/serious-delinquency-rates-continue-their-descent/

Have a productive week!

Jason


Portland Metro Weekend Events Planner: August 21-23, 2015

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PORTLAND METRO EVENTS WEEKEND PLANNER
FOR AUGUST 21-23, 2015

MUSICFEST NW

FRI-SUN AUG 21-23 MusicfestNW is a large music festival with 22 performances and food vendors at Tom McCall Waterfront Park.

SPIRITS FESTIVAL

FRI-SAT AUG 21-22 Unwind is a Friday evening cocktail event at Ankeny Plaza. Its ticket also gets you into Spiritsfest on Saturday at Waterfront Park. Both have food vendors.

FIREWORKS

SAT AUG 22 Bring a chair to MAX Orange Line Fireworks Spectacular (with live music, food & beverage vendors) to celebrate the new Tilikum Crossing Bridge that opens Sept. 12. Waterfront viewing area is at 3030 SW Moody Ave.

PEOPLE IN THE STREET

SUN AUG 23 Walk, bike, or roller-skate on 7 miles of streets when most cars are banned for Southeast Portland Sunday Parkways. Nearby parks offer activities and music. Free.

CAR & BOAT SHOW

SUN AUG 23 The Collector Car & Classic Boat Show is spread over three locations in Lake Oswego. Free.

IDIOSYNCRATIC FILMS

FRI-SUN AUG 21-23 (through Sept. 5) See 7 movies by director Paul Thomas Anderson and 14 more that influenced him at The Art of Reinvention at Portland Art Museum. Discount tickets $4.

ZOO CONCERTS

FRI-SUN AUG 21-23 (through Sept. 6) Oregon Zoo Summer Concerts feature world-class performers and include a same-day zoo pass.

MOVIES IN THE PARK

AUG-SEPT 11 Movies in the Park begin with entertainment at 6:30 followed by movies at dusk. Bring coats. Free.

VANCOUVER WINE & JAZZ FESTIVAL

THURS-SUN AUG 20-23 Since 1998, the festival has attracted visitors from 19 states and Canada. The festival features internationally acclaimed jazz artists, 200 wines, 50 fine artists from Oregon, Washington, Idaho and California; to local restaurants and commercial exhibitors. http://www.vancouverwinejazz.com/

CLARK COLLEGE THEATER PRESENTS “SUBURBIA”

FRI-SAT AUG 21-22 SubUrbia is a play by Eric Bogosian chronicling the nighttime activities of a group of aimless 20-somethings still living in their hometown and their reunion with a former high school classmate who has become a successful musician. http://www.clarkbookstore.com/site_theatre.asp

GUIDED NATURE HIKES

FRI-SUN AUG 21-23 (every day, various times & locations) Park guides lead nature hikes to explore the forest, stream ecosystems and natural history of the natural area. Tryon Creek State Park & more

PORTLAND SATURDAY MARKET

SAT-SUN AUG 22-23 The nation’s largest weekly open-air arts and crafts market. Stroll down row upon row of unique creations made by the people who sell them. Old Town

SUMMER TALL SHIP TOUR

SAT-SUN AUG 22-23 The brig Lady Washington and the topsail ketch Hawaiian Chieftain will be sailing into Washougal!  Walk-on tours are hosted by crew members in period costume. On-the-water sailing experiences are available.  http://historicalseaport.org/

VANCOUVER FARMER’S MARKET

SAT-SUN AUG 22-23 You’ll discover fresh and local produce, flowers, plants, baked goods, delicious food, pet treats, and accessories for yourself, home, or garden. Over 250 Vendors! Downtown Vancouver, 8th & Ester St.

FARMER’S MARKET AT VANCOUVER MALL

SAT-SUN AUG 22-23 The newest open air farmers market in Vancouver, Washington. Offering local farmers, small businesses, specialty crafters & local food vendors the opportunity to enjoy the neighbors. Activities for the kids & live entertainment most weekends in the Westfield Mall parking lot near Macy’s.

OPEN SATURDAY AT PEARSON AIRFIELD

SAT AUG 22 This free educational experience is open to the public and features our Flight Simulator Lab, vertical wind tunnel, glider-building station, historic airplanes on-site for viewing, collections on display, and various ongoing educational programs that will propel students of all ages into the wonderful world of flight. http://fortvan.org/pfec-opensaturdays.html

ROCKY HORROW PICTURE SHOW AT KIGGINS THEATRE

SAT AUG 22 Vancouver now has its very own monthly showing of your favorite cult movie classic! The Rocky Horror Picture Show will be shown on a screen as actors perform along with the movie, and audience participation is encouraged! Also, feel free to dress up! All ages are welcome, however, it is a rated “R” film and parental discretion is advised.

VANCOUVER FRIDAY NIGHT MOVIES IN THE PARK

FRI AUG 21 Bring a lawn chair or blanket to the park and enjoy a movie on the big screen at our free family friendly movie nights! Come early and participate in pre-movie activities.

BATTLE GROUND VILLAGE MOVIES IN THE PARK

FRI AUG 21 (every Friday through Aug. 28) Celebrate summer with an outdoor movie in the park! Bring blankets, pillows and low sand chairs for a relaxing night under the stars. Grab a bite to eat in Battle Ground Village, indulge in delicious popcorn and cotton candy, or pack some snacks. Movies in the Park is tons of fun for all ages!

NEW MOVIES OUT THIS WEEK
American Ultra
• Hitman: Agent 47
• Sinister 2
• After Words
• Digging for Fire
• Grandma
• Learning to Drive
• She’s Funny that Way
• Some Kind of Beautiful

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES


Staging with Feng Shui: Boost your Home’s Natural Energy Flow

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Feng shui experts are the first to admit that its practices, alone, won’t sell your house. First, you want to have the right price, the right agent and the right marketing plan. Once you have that, try starting with these 5 feng shui techniques, to amp up your chances of a sale.

 

Arrange Rooms to Welcome Visitors
Modern dining room with colored decoration and plants on the sidesEver walk into a party where all the guests have their backs to you? That’s what it’s like when you walk into a room and all you can see is the back of the furniture.
Solution: Create more intimacy by turning the furniture so that it faces the entry ways.
Another problem? Chairs that are isolated and set down as one-offs. Group chairs in pairs to encourage conversation, placing them diagonally with a small table inbetween.

Create Good Traffic Flow
Good traffic flow isn’t just for parties. Buyers want that in their everyday lives, too—rounding a corner and almost running into a chair is a big no-no.
The rule: You don’t want anything that’s going to keep people from feeling that they can move through an area. Evaluate a room to create easy-to-navigate, open pathways. Make potential buyers feel comfortable, not cramped.

Watch Subliminal Messages
Create a bedroom atmosphere that’s calm, restful and restorative—don’t place a painting over the bed of a three-ring circus, which evokes chaotic energy. Nature scenes, on the other hand, are soothing and will relax buyers.

Make sure to also put away those personal family photos and religious icons. Don’t let your spiritual preferences, sway buyers in any way.

tranquil scene for relaxing beautyCreate Prosperity with Moving Water
Feng shui philosophy advocates shutting toilet lids, as water represents money, and this is the place where water/money escapes. To increase water flow and therefore money, place a small water fountain either at the home’s entrance or in the back left corner of the home, your “wealth” corner. Moving water will circulate prosperity energy throughout the home.

Be Ready to Let Go
If the house isn’t moving, it could be a red flag that you, or other family members, don’t really want to move. If you’re set on leaving, find a way of saying goodbye.

Pile of brown cardboard boxes with house or office goods. Different stuff packed in carton boxes. Moving concept. Set of cargo boxes with yellow sticker labels ready for transportation and unpackingSome strategies:
• Walk room by room through the house and mentally say “thank you” for the good, and bad, times you had there.
• Picture yourself holding the house, presenting it as a gift to the next owner.
• Start packing. It starts moving the energy and releases your hold on the house.

Article courtesy of BankRate.com


This Week in Real Estate: Aug. 17, 2015

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This Week in Real Estate was a week of releases with multiple reports of second quarter findings and results including home prices, loan originations and distressed properties. Below are a few of the highlights from the second week in August that influence our business:
 
* Home Prices Rise in Nearly All Metro Areas in Second Quarter. The National Association of Realtors on Tuesday said that home prices in the second quarter rose in 163 of 176 metro areas. The median existing single-family home price rose $229,400 in the second quarter, up 8.2% from a year earlier. That was a slightly faster rate of increase than the 7.1% price rise seen in the first quarter. In the second quarter, 34 metro areas reported double-digit annual price gains, compared with 51 that reported such gains in the first quarter. The average supply of homes in the second quarter was 5.1 months, down from 5.5 months a year ago. Total existing-home sales, including single family and condo, increased 6.6 percent to a seasonally adjusted annual rate of 5.30 million in the second quarter from 4.97 million in the first quarter, and are 8.5 percent higher than the 4.89 million pace during the second quarter of 2014. In the West, existing-home sales climbed 8.1 percent in the second quarter and are 8.1 percent above a year ago. The median existing single-family home price in the West increased 9.6 percent to $325,200 in the second quarter from the second quarter of 2014. 

 

* Residential Loan Originations Up 23 Percent. RealtyTrac released its Q2 2015 U.S. Residential Loan Origination Report Thursday, which shows 1,950,267 loans were originated on single family homes and condos in the second quarter, up 22 percent from the previous quarter and up 23 percent from a year ago to the highest level since the their quarter 2013. The total dollar volume of loans originated in the second quarter was nearly $540 billion, up 14 percent from the previous quarter and up 29 percent from a year ago. Refinance originations represented nearly $307 billion in the second quarter, 56.7 percent of total loan origination dollar volume, and purchase loan originations represented nearly $234 billion, 43.3 percent of total origination dollar volume. Of the more than 1.9 million loan originations in the second quarter, 737,824 were purchase loan originations, up 9 percent from a year ago. There were 1,212,442 refinance originations in the second quarter, an increase of 9 percent from the previous quarter and up 32 percent from a year ago. 
 
Mortgage Delinquencies and Foreclosures Continue to Drop in 2Q15. The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 5.30 percent of all loans outstanding at the end of the second quarter of 2015. This was the lowest level since the second quarter of 2007. The delinquency rate includes loans that are at least one payment past due but does not include loans in the process of foreclosure. The percentage of loans in the foreclosure process at the end of the second quarter was 2.09 percent. This was the lowest foreclosure inventory rate since the fourth quarter of 2007. The serious delinquency rate, the percentage of loans that are 90 days or more past due or in the process of foreclosure, was 3.95 percent. This was the lowest level since the fourth quarter of 2007. 
 
* Mortgage Credit Availability Rises in July. Mortgage credit availability increased in July according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association. The MCAI increased 2.9 percent to 125.5 in July. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of a loosening of credit. Of the four component indices, the Conventional MCAI saw the greatest loosening (up 5.2 percent over the month) followed by the Jumbo MCAI (up 4.7 percent), the Government MCAI (up 0.9 percent), and the Conforming MCAI (up 0.4 percent). 

 

Have a productive week!

Jason


This week in Real Estate: August 10, 2015

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Following the release of the Labor Department’s strong July Jobs Report on Friday the most significant chatter This Week in Real Estate was the continued speculation that the Federal Reserve will increase interest rates in September. Below are a few of the highlights from the first week in August that influence our business:

* Home Prices Rose an Amazing 6.5% Annually in June. Home prices nationwide, including distressed sales, increased 6.5% in June 2015 compared with June 2014, according to the June 2015 CoreLogic Home Price Index. This change represents 40 months of consecutive year-over-year increases in home prices nationally. On a month-over-month basis, home prices nationwide, including distressed sales, increased by 1.7% in June 2015 compared to May 2015. Including distressed sales, 35 states and the District of Columbia were at or within 10% of their peak prices in June 2015. Fifteen states and the District of Columbia reached their new price peaks. Excluding distressed sales, home prices increased by 6.4% in June 2015 compared with June 2014 and increased by 1.4% month-over-month compared with May 2015. Highlights as of June 2015: including distressed sales, the five states with the highest home price appreciation were: Colorado (9.8%), Washington (8.9%), New York (8.3%), South Carolina (8%) and Nevada (8%). Excluding distressed sales, the five states with the highest home price appreciation were: Colorado (9.3%), New York (8.5%), Washington (8.3%), Oregon (8.2%) and Nevada (7.9%).

Full story… http://www.housingwire.com/articles/34674-corelogic-home-prices-rose-an-amazing-65-annually-in-june

* Solid U.S. Jobs Report in July. U.S. employment rose at a solid clip in July and wages rebounded after a surprise stall in the prior month, signs of an improving economy that opened the door wider to a Federal Reserve interest rate increase in September. 215,000 jobs were added in July according to the Labor Department. The economy has added around 2.9 million jobs over the past 12 months. That’s down slightly from earlier this year, when the 12-month pace surpassed three million, but it is still well ahead of the 2.5 millions jobs added for the year ended July 2014. Job growth over the past three months reached its highest level since February, with an average of 235,000 jobs added per month. The unemployment rate held steady at 5.3%. A string of 16 out of 18 months over 200,000 additional jobs going into the September meeting may give the Fed the confidence it seeks to pull the trigger in September. “We view this report as easily clearing the hurdle needed to keep the Fed on track for a September rate hike. The bar for not moving is much higher,” said Rob Martin, an economist at Barclays in New York. The U.S. central bank said its policy-setting committee anticipated it would be appropriate to raise lending rates when it has seen “some further improvement” in the jobs market. It has not raised rates since 2006. Given the accumulated progress to date and the most likely near term improvements, today’s employment report brings us one step closer on the path to a September liftoff. Full story… http://blogs.wsj.com/economics/2015/08/07/the-july-jobs-report-in-12-charts/?mod=marketbeat&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Feconomics%2Ffeed+%28WSJ.com%3A+Real+Time+Economics+Blog%29

Smallest Share of Distressed Sales Since 2007. Sales of lender-owned real estate (REO) in May represented the smallest share of home sales in nine years. CoreLogic said that the overall share of distressed properties sold during the month, including short sales as well as REO, fell to 9.9 percent. This was 1.7 percentage points lower than the April share and 2.8 percentage points lower than a year earlier. Short sales have remained fairly stable at less than 4 percent share – 3.5 percent in May – since mid-2014, but REO has fallen steadily – in May it accounted for a 6.4 percent share. At the peak of market distress in January 2009, distressed sales totaled 32.4 percent of all sales. There will always be some level of distress in the housing market, and by comparison, the pre-crisis share of distressed sales was traditionally about 2 percent. If the current year-over-year decrease in the distressed sales share continues, it would reach that “normal” 2-percent mark in mid-2018. Full Story… http://www.mortgagenewsdaily.com/08062015_corelogic_distressed_sales.asp

* Markets Continue to Move Toward Normal. The NAHB/First American Leading Markets Index (LMI) increased one point to .92 in the second quarter of 2015. The index measures proximity to a normal economic and housing market with three components: single-family housing starts, employment and home prices. A value of 1 means the market (or country) is back to the last levels of normality. About one-fifth of the 364 metro areas have a LMI value of 1 or better meaning those markets are back to or beyond the last normal. Of the three measures of normality, house prices has recovered the most with an average score of 1.29 and the national score is 1.35 meaning prices are 35% higher than the last normal. Ninety-five percent of the markets have a house price component value of 1 or above. The employment component is very close to normal with an average across all markets of .96. Single-family housing starts remains the farthest from normal with an average score across all markets of .49 and the national component index of .46, or less than half way back to normal. Only 26 markets are fully recovered in terms of single-family permits. Full Story… http://eyeonhousing.org/2015/08/markets-continue-to-move-toward-normal/

Have a productive week!


Interested in home ownership, but can’t get financing? Or do you prefer to rent a little longer?

A lease with a right to purchase program may be a good option for you. We’ve teamed up with Home Partners of America (HPA) to help you get into the home of your dreams without having to qualify for more than a rent payment.Turn your rent into mortgage

You choose a home in the Portland metro area, and we work with Home Partners of America to purchase the home.

HPA buys it and leases the home to you on a one year lease with a guaranteed purchase price. You have the option to buy or renew the lease, taking up to five years to get financing and complete the purchase — all while enjoying your new home.

Qualifying single family homes must be in approved school districts, be priced between $100,000 and $550,000 and meet certain eligibility criteria to qualify. Ask a Berkshire Hathaway HomeServices Northwest Real Estate professional for details or use the Home Partners Address Checker to see if a home not listed on the website is in an approved area.

Review this list of frequently asked questions and apply online at www.HomePartners.com.


2nd Quarter Chairman’s Report 2015

We are happy to announce the 2nd Quarter Chairman’s Report for 2015 is now available to read online. Discover where the real estate market is headed and review 2nd Quarter Market Stats for the Portland Metro and SW Washington. Special thanks to our Chairman, Bert Waugh, Jr.


Portland Metro Weekend Events: August 7-9, 2015

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PORTLAND METRO EVENTS WEEKEND PLANNER
FOR AUGUST 7-9, 2015

CLARK COUNTY FAIR

FRI AUG 7- SUN AUG 16 Don’t miss Clark County Fair’s featured exhibits, including Toytopia, Faircon, Family Activities, and the Carnival Midway! Visit the Comcast Kids Park and Westfield Vancouver Mall Kids Stage for kids’ contests, local entertainment acts and pony rides.

BITE OF OREGON

FRI-SUN AUG 7-9 Taste the best of Oregon food, beer, and wine at the Bite of Oregon, which includes entertainment and a cooking competition at Tom McCall Waterfront Park south of Morrison Bridge. Friday is least crowded.

WARPED TOUR CONCERT

FRI AUG 7 Hear 90 bands play alternative rock, pop-punk, hip-hop, electronica, and hardcore all day at Warped Tour outdoors at Portland Expo Center.

BIKE OR WALK THE BRIDGES

SUN AUG 9 Bridge Pedal is a 6-mile walk or 3 to 37 mile ride with stunning views from Portland bridges. Register early due to new limits, and bring a helmet. The People’s Preview of Tilikum Crossing is free in the afternoon.

ALBERTA STREET FAIR

SAT AUG 8 Alberta Street Fair focuses on local products, artists, crafts, and foods. It has a beer garden, three stages of entertainment, and children’s activities.

GARLIC FESTIVAL

FRI-SUN AUG 7-9 Elephant Garlic Festival features garlic-flavored foods, arts and crafts, and live music in North Plains. Free.

FOSSIL FESTIVAL

SAT AUG 8 Learn about fossils at Northwest Fossil Fest, which features lectures, displays, kids’ activities, and free entry to Rice Northwest Museum of Rocks & Minerals.

INTERNATIONAL PRAISE FESTIVAL

SAT AUG 8 Portland area churches offer singing and music, vendors, food, and family activities at International Praise Festival, Pioneer Courthouse Square. Free.

IDIOSYNCRATIC FILMS

AUGUST – SEPT 5 See 7 movies by director Paul Thomas Anderson and 14 more that influenced him at The Art of Reinvention at Portland Art Museum. Discount tickets $4.

ZOO CONCERTS

FRI-SUN AUG 7-9 (through Sept. 6) Oregon Zoo Summer Concerts feature world-class performers and include a same-day zoo pass.

MOVIES IN THE PARK

AUGUST-SEPTEMBER 11 Movies in the Park begin with entertainment at 6:30 followed by movies at dusk. Bring coats. Free.

VANCOUVER BREWFEST

FRI-SUN AUG 7-9 Featuring more than 90 beers, ciders, mead, spirits and wine at the beautiful Esther Short park, downtown Vancouver, WA. This event includes Gluten Free and Organic beers, art/craft vendors and merchants, outstanding food from the best restaurants in Vancouver and Live Music. The Vancouver Brewfest is a 21 and over event. Identification will be checked at the gate.

COLUMBIA GORGE INTERNATIONAL FILM FESTIVAL

THURS AUG 6-SUN AUG 16 Visit the event website for more information about a film festival celebrating independent films from around the world. http://www.angaelica.com/

GUIDED NATURE HIKES

FRI-SUN AUG 7-9 (every day, various times & locations) Park guides lead nature hikes to explore the forest, stream ecosystems and natural history of the natural area. Tryon Creek State Park & more

PORTLAND SATURDAY MARKET

SAT-SUN AUG 8-9 The nation’s largest weekly open-air arts and crafts market. Stroll down row upon row of unique creations made by the people who sell them. Old Town

COSMO 7K RUN/WALK

SAT-SUN AUG 1-2 Ladies get ready for a fun filled day with running, your girlfriends and a Cosmo! This race will start at the beautiful Fort Vancouver National Site. This is a 21+ only event. The course if a perfect 7K run/walk (4.35 miles). After your beautiful summer run stay and enjoy a tasty Cosmo at the after party. http://energyevents.com/cosmo7k

VANCOUVER FARMER’S MARKET

SAT-SUN AUG 8-9 You’ll discover fresh and local produce, flowers, plants, baked goods, delicious food, pet treats, and accessories for yourself, home, or garden. Over 250 Vendors! Downtown Vancouver, 8th & Ester St.

FARMER’S MARKET AT VANCOUVER MALL

SAT-SUN AUG 8-9 The newest open air farmers market in Vancouver, Washington. Offering local farmers, small businesses, specialty crafters & local food vendors the opportunity to enjoy the neighbors. Activities for the kids & live entertainment most weekends in the Westfield Mall parking lot near Macy’s.

VANCOUVER FRIDAY NIGHT MOVIES IN THE PARK

SAT AUG 8-AUG 14 Bring a lawn chair or blanket to the park and enjoy a movie on the big screen at our free family friendly movie nights! Come early and participate in pre-movie activities.

BATTLE GROUND VILLAGE MOVIES IN THE PARK

FRI AUG 7 (every Friday through Aug. 28) Celebrate summer with an outdoor movie in the park! Bring blankets, pillows and low sand chairs for a relaxing night under the stars. Grab a bite to eat in Battle Ground Village, indulge in delicious popcorn and cotton candy, or pack some snacks. Movies in the Park is tons of fun for all ages!

NEW MOVIES OUT THIS WEEK
Fantastic 4
• Cop Car
• Dark Places
• Harbinger Down
• Assassination
• The Algerian
• The Falling
• The Gift
• The Runner
• The Diary of a Teenage Girl
• Catch Me Daddy
• Dragon Ball Z
• Shaun the Sheep Movie
• Kahlil Gibran’s The Prophet

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES