Portland Metro Weekend Events: Dec. 9-11, 2016

Christmas festive sweets
PORTLAND METRO EVENTS WEEKEND PLANNER
FOR DECEMBER 9-11, 2016

 

WHITE ALBUM CHRISTMAS
Through December 10thThe Nowhere Band, a full 15-piece Beatles orchestra, plays the White Album in its entirety, while the jugglers, aerialists, clowns and acrobats of the Wanderlust Circus present feats of remarkable strength, focus and dexterity. Guaranteed to blow your mind.

CRAFTY WONDERLAND AND PORTLAND’S ART & CRAFT EXTRAVAGANZA
SAT-SUN250+ vendors selling amazing handmade goods! Goodie bags for the first 150 shoppers each day!

GREEN FESTIVAL
FRI-SUN – America’s largest and longest running sustainability and green living event. Shop, taste & enjoy from thousands of green products & services for your everyday life.

TOYBOX
SAT-SUNA-WOL Dance Collective’s Youth Company holiday performance. Bring the whole family to enjoy a fun and exciting holiday aerial production!

TONY STARLIGHT CHRISTMAS
SUN – Portland’s premiere dinner and show venue and is the closest thing to a Vegas show in Portland. It’s a Tony Starlight Christmas brings back classic holiday TV shows and traditions and puts a fresh, comedic spin on them.

CHRISTMAS SHIPS
Through December 18 
Columbia River Schedule – http://www.portlandchristmasships.org/schedule/columbia-river
Willamette River Schedule – http://www.portlandchristmasships.org/schedule/willamette-river

THE HOLIDAY EXPRESS
Through December 18 – Join Santa Claus and his elves for a magical ride behind Portland’s famous steam locomotives. Vintage rail cars transport you through wilderness in the heart of the city. Round-trip rides run from Oaks Park Station through Oaks Bottom Wildlife Refuge to the Springwater Trail gateway on the Oregon Pacific Railroad.

POLAR EXPRESS
Through December 23 – The Polar Express story comes to life when the train departs Hood River for a one hour round-trip to the North Pole.

ZOO LIGHTS
Through January 1A dazzling display of more than million and half lights, and experience your zoo in a whole new light.

CHRISTMAS IN THE GARDEN
Through January 1 – An award-winning event featuring ice skating, a traditional German Christmas Market, snowless tubing and light display in the charming Rediscovery Forest.

CHRISTMAS FESTIVAL OF LIGHTS
Through December 30 – Offering a family-oriented blend of traditional celebration and serene reflection, the festival theme reflects the special season of hope that Christmas offers to many thousands of families from around the Pacific Northwest.

WINTER WONDERLAND
Through December 25 – Spectators can enjoy the most spectacular drive-through light show in the region, viewing over 250 colorful light set pieces and many fully animated scenes from the comfort of their own vehicle.

MADDOX WOODS
Through December 31 – Enjoy a magical walk down a lighted, accessible path through the woods and to the viewing platform on the Willamette River.

A CIVIL WAR CHRISTMAS
Through December 23 – Propelled by traditional American songs, marches and spirituals — all revitalized for this production by luminary Portland musicians — A Civil War Christmas is a lively reminder for people of all beliefs about humanity’s potential for compassion, reconciliation and hope.

80’S DANCE CRUISE
SAT – Break out the hammer pants and leg warmers, time warp to the most radical decade and dance to the best of the 80’s with DJ MC or DJ Skippy.

PORTLAND SATURDAY MARKET
SAT-SUN through December 24 – 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 in Old Town.

URBAN SCAVENGER HUNT
ALL MONTH  Smartphone clues lead you on a fun & engaging walking tour of the city. Clues start you in the heart of downtown at Pioneer Courthouse Square and will take you on a scavenger hunt through the Arts District, on a streetcar ride and among the famous food carts.

SHANROCK’S TRIVIOLOGY
ALL MONTH – Various Portland Locations: Triviology pub quizzes are free to play, last a couple of hours, and are composed of seven short rounds, giving teams instant gratification for their efforts. Team size can range from one to five players, with prizes for everyone on the winning team.

VANCOUVER METRO EVENTS

REINDEER VILLAGE NW
Through SUN – Experience quality family time with your children or friends without hundreds of people to navigate. More than just a visual experience, Reindeer Village NW is the place for families to celebrate the holiday season.

CHRISTMAS TEA AT POMEROY FARM
Saturdays through December 17 – Enjoy a festive tea luncheon featuring three types of sandwiches, assorted desserts, scones, and of course, tea! After your relaxing meal, enjoy a tour through our historic log house, decked out for the holidays!

VANCOUVER WINTER BREWFEST
FRI-SAT – 35 breweries will be pouring their favorite winter brew for you. The festival will include food vendors, music and more!

OPEN SATURDAYS AT PEARSON AIRBASE
EVERY SAT  Free educational experience, Flight Simulator lab, vertical wind tunnel, a glider-building station, historic airplanes on-site for viewing, collections on display, and educational programs to propel students of all ages.
NEW MOVIES OUT THIS WEEK

·         Nocturnal Animals
·         Sugar Mountain
·         Solitary
·         Contract to Kill
·         Office Christmas Party
·         Frank & Lola
·         The Bounce Back
·         Abattoir

Click here for movie times and theatres.

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

For a monthly online listing of upcoming Portland metro events, click here.


This Week in Real Estate with Jason Waugh: Dec. 5, 2016

image001Home price appreciation has been a consistent story in real estate the past 3 years, so it was simply a matter of time before the data supported findings similar to the ones reported This Week in Real Estate. Case-Shiller released their National Home Price Index on Tuesday concluding the Index reached an all-time high at the end of the third quarter. Below are a few highlights from the final week of November that influence our business:

* Case-Shiller National Index at New All-Time High. Home prices finally surpassed all-time highs set in July 2006 as the housing boom topped out. According to the latest data released Tuesday by the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which covers all nine U.S. census divisions, recorded a 5.5% annual gain in September, up from 5.1% last month. Seattle, Portland and Denver were again the cities in the 20-City Composite with the highest rate of annual appreciation. Seattle led the way with an 11% year-over-year price increase, followed by Portland with 10.9%, and Denver with an 8.7% increase.
Full Story… https://www.spice-indices.com/idpfiles/spice-assets/resources/public/documents/443948_cshomeprice-release-1129.pdf?force_download=true

* Consumer Confidence Now Back to Pre-Recession Levels. With the ongoing job and economic growth, in November consumer confidence improved. Consumers were optimistic about the current situation and the near term outlook. The Conference Board reported that the Consumer Confidence Index jumped to 107.1 in November, from an upwardly revised 100.8 in October. Both the present situation index and the expectations index rebounded. The present situation index increased to 130.3, from 123.1 and the expectations index hit 91.7, up from 86. This brings the index back to pre-recession levels. The index stood at 111.9 in July 2007. “A more favorable assessment of current conditions coupled with a more optimistic short-term outlook helped boost confidence,” said Lynn Franco, The Conference Board director of economic indicators.
Full Story…  http://www.housingwire.com/articles/38634-consumer-confidence-now-back-to-pre-recession-levels?eid=322520585&bid=1601529

* Pending Home Sales Maintain Pace. The Pending Home Sales Index increased a slight 0.1% in October, but was 1.8% higher than last October. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased 110.0 in October from a downwardly revised 109.9 in September. The PHSI increased 1.6% in the Midwest, 0.7% in the West, and 0.4% in the Northeast, but fell 1.3% in the South. Year-over-year, the PHSI increased in all regions, ranging from 3.9% in the Northeast to 0.8% in the South. Commenting on the continued tight supply of homes for sale, NAR reported that 40% of October sales were at or above list price, compared to 33% last October.
Full Story… http://eyeonhousing.org/2016/11/pending-sales-maintain-pace/

Have a productive week.
Jason


Portland Metro Weekend Events Planner: December 2-4, 2016

PORTLAND METRO EVENTS WEEKEND PLANNER
FOR DECEMBER 2-4, 2016

 

GINGERBREAD JAMBOREE
SATJunior League of Portland hosts a gingerbread house decorating event with a large candy buffet and lots of frosting – the best part is that they take care of the mess!

HOLIDAY ALE FESTIVAL
Through SUN – More than 50 potent winter ales are featured at this year’s event, all of which are created specifically to bring warmth and cheer to the holiday season.

TREE LIGHTING CEREMONIES
FRI
Beaverton – http://www.beavertonoregon.gov/474/Tree-Lighting
Tualatin – http://www.tualatinoregon.gov/recreation/starry-nights-and-holiday-lights
SAT
Milwaukie – https://www.milwaukieoregon.gov/citymanager/annual-umbrella-parade-and-tree-lighting
Oregon City – https://downtownoregoncity.org/event-detail/oregon-city-tree-lighting-ceremony/
Alberta Main Street – http://albertamainst.org/whats-happening/lit-up-local/tree-lighting/

HOLIDAY BAZAAR
SAT – Enjoy shopping with over 100 local art and craft vendors, live entertainment, holiday music, a pancake breakfast and more!

CAT SHOW
SAT-SUN – Over 200 pedigreed cats (up to 40 breeds) and household pets will gather at the Northwest’s largest CFA cat show to compete for top awards. Guests can visit with exhibitors to learn more about their favorite breeds.

CHRISTMAS SHIPS
Through December 18 
Columbia River Schedule – http://www.portlandchristmasships.org/schedule/columbia-river
Willamette River Schedule – http://www.portlandchristmasships.org/schedule/willamette-river

THE HOLIDAY EXPRESS
Through December 18 – Join Santa Claus and his elves for a magical ride behind Portland’s famous steam locomotives. Vintage rail cars transport you through wilderness in the heart of the city. Round-trip rides run from Oaks Park Station through Oaks Bottom Wildlife Refuge to the Springwater Trail gateway on the Oregon Pacific Railroad.

POLAR EXPRESS
Through December 23 – The Polar Express story comes to life when the train departs Hood River for a one hour round-trip to the North Pole.

ZOO LIGHTS
Through January 1A dazzling display of more than million and half lights, and experience your zoo in a whole new light.

CHRISTMAS IN THE GARDEN
Through January 1 – An award-winning event featuring ice skating, a traditional German Christmas Market, snowless tubing and light display in the charming Rediscovery Forest.

CHRISTMAS FESTIVAL OF LIGHTS
Through December 30 – Offering a family-oriented blend of traditional celebration and serene reflection, the festival theme reflects the special season of hope that Christmas offers to many thousands of families from around the Pacific Northwest.

WINTER WONDERLAND
Through December 25 – Spectators can enjoy the most spectacular drive-through light show in the region, viewing over 250 colorful light set pieces and many fully animated scenes from the comfort of their own vehicle.

MADDOX WOODS
Through December 31 – Enjoy a magical walk down a lighted, accessible path through the woods and to the viewing platform on the Willamette River.

PORTLAND’S SINGING CHRISTMAS TREE
Through SUNFeatured art includes the work of painters, sculptors, jewelers, photographers, woodworkers, glassblowers and more; authors include novelists, poets, photographers and writers of non-fiction.

A CIVIL WAR CHRISTMAS
Through December 23 – Propelled by traditional American songs, marches and spirituals — all revitalized for this production by luminary Portland musicians — A Civil War Christmas is a lively reminder for people of all beliefs about humanity’s potential for compassion, reconciliation and hope.

TONY STARLIGHT SHOWROOM
Fridays through November 26 – Portland’s premiere dinner and show venue and is the closest thing to a Vegas show in Portland. A truly memorable dinner and show experience, one that you will want to share with friends and family.

80’S DANCE CRUISE
SAT – Break out the hammer pants and leg warmers, time warp to the most radical decade and dance to the best of the 80’s with DJ MC or DJ Skippy.

PORTLAND SATURDAY MARKET
SAT-SUN through December 24 – 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 in Old Town.

URBAN SCAVENGER HUNT
ALL MONTH  Smartphone clues lead you on a fun & engaging walking tour of the city. Clues start you in the heart of downtown at Pioneer Courthouse Square and will take you on a scavenger hunt through the Arts District, on a streetcar ride and among the famous food carts.

SHANROCK’S TRIVIOLOGY
ALL MONTH – Various Portland Locations: Triviology pub quizzes are free to play, last a couple of hours, and are composed of seven short rounds, giving teams instant gratification for their efforts. Team size can range from one to five players, with prizes for everyone on the winning team.

VANCOUVER METRO EVENTS

REINDEER VILLAGE NW
Through December 11 – Experience quality family time with your children or friends without hundreds of people to navigate. More than just a visual experience, Reindeer Village NW is the place for families to celebrate the holiday season.

EVERGREEN GIFT MARKET
SAT –  A place where holiday shoppers can go to check everyone off their list in a “green” way. (Green might mean upcycled materials, local, handmade, organic, Fair Trade, etc.) With over 60 vendors, you can buy from your neighbors, feel great about the gifts and get all your holiday shopping done in one stop!

CHRISTMAS TEA AT POMEROY FARM
Saturdays through December 17 – Enjoy a festive tea luncheon featuring three types of sandwiches, assorted desserts, scones, and of course, tea! After your relaxing meal, enjoy a tour through our historic log house, decked out for the holidays!

THE NUTCRACKER
FRI-SUN – Enjoy this holiday tradition brought to you by Vancouver Dance Theatre.

OPEN SATURDAYS AT PEARSON AIRBASE
EVERY SAT  Free educational experience, Flight Simulator lab, vertical wind tunnel, a glider-building station, historic airplanes on-site for viewing, collections on display, and educational programs to propel students of all ages.
NEW MOVIES OUT THIS WEEK

· Jackie
· Believe
· Run the Tide
· Man Down
· Siren
· Incarnate
· Anonymous
· The Eyes of my Mother
· The Duelist

Click here for movie times and theatres.

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

For a monthly online listing of upcoming Portland metro events, click here.


This Week in Real Estate: Nov. 28, 2016

image001Strong October existing home sales reported This Week in Real Estate result in the highest annualized pace of sales since February 2007 and the federal government acknowledges the continued price appreciation by increasing the conforming loan limit in 2017. Below are a few highlights from the fourth week of November that influence our business:

* Existing Sales Revival. Existing home sales, as reported by the National Association of Realtors (NAR), increased 2.0% in October to become the highest annualized pace since February 2007. October 2016 sales were up 5.9% from the same month a year ago. Total existing home sales in October increased to a seasonally adjusted rate of 5.60 million units combined for single-family homes, townhomes, condominium and co-ops, up from an adjusted 5.49 million units in September. October existing sales increased in all four regions, ranging from 2.8% in the South to 0.8% in the West. Year-over-year, October sales also increased in all regions, ranging from 10.4% in the West to 1.4% in the Northeast. Total housing inventory decreased slightly by 0.5% in October, and remains 4.3% lower than its level a year ago. At the current sales rate, the October unsold inventory represents a 4.3-month supply, compared to a 4.4-month supply in September. The first-time home buyer share was 33% in October, down a point from the solid September report, but above the first-time buyer share of 31% in October 2015. The October median sales price of $232,200 was 6.0% above the same month a year ago, and represents the 56th consecutive month of year-over-year increases.
Full Story… http://eyeonhousing.org/2016/11/existing-sales-revival/

* Conforming Mortgage Limits Rise for 2017. For the first time since 2006 the Federal Housing Finance Agency (FHFA) announced Wednesday that the limit for conforming mortgages for single-family homes will increase from $417,000 to $424,100 in most regions of the United States starting January 1, 2017. The FHFA bases the loan cap on its quarterly Housing Price Index, which gauges average single-family home prices. The index rose 1.5 percent during the third quarter of 2016 and is up 6.1 percent over the past year, enough to push it above its previous high point. Conforming loan limits are significant because they apply to home loans that meet the underwriting guidelines of Fannie Mae and Freddie Mac, the government-sponsored entities that acquire mortgages from lenders and ensure a steady flow of money to the mortgage market. “Today’s conforming loan limit increase is a much-needed recognition of rising home prices in high-cost markets, and a help to first-time and lower-income borrowers looking to utilize an FHA mortgage,” said NAR President William Brown.
Full Story…  http://realtormag.realtor.org/daily-news/2016/11/23/conforming-mortgage-limits-rise-for-2017

* Homeowners Becoming Homebodies. CoreLogic says it is now able to closely track household mobility through various data sets including property taxes and sales transactions. CoreLogic senior economist Kristine Yao says the median time between the recorded purchase and the subsequent sale of homes nationally was 4.4 years in 1985, but had increased to 6.6 years by 2015. Yao says this trend is similar to that noted in the Census Bureau’s latest Current Population Survey; only 5.1 percent of owner-occupied households moved between 2014 and 2015 compared to 9.2 percent between 1987 and 1988. When people did move last year, Yao says, 61 percent stayed within the same metropolitan area while only 24.6 percent moved to a different state, a 15 year-low. Those who moved within their own metro area tended to trade up, buying a home that was a median of $61,000 more costly than the old one. However, those who moved to another state tended to buy laterally – paying about the same for the new home as they had gotten for the old one.
Full Story… http://www.mortgagenewsdaily.com/11212016_homeowner_mobility.asp

Have a productive week.
Jason


Portland Metro Weekend Events Planner: November 24-27, 2016

PORTLAND METRO EVENTS WEEKEND PLANNER
FOR NOVEMBER 24-27, 2016

 

AMERICA’S LARGEST CHRISTMAS BAZAAR
FRI-SUN – This colorful Christmas Bazaar has been produced by the same small local company for 33 years. With innovation and creativity, the show has kept pace with today’s consumers throughout its history, offering a great opportunity to buy unique gifts in all price ranges.

TREE LIGHTING CEREMONIES
FRIPioneer Courthouse Square: This beloved community tradition will feature a holiday sing-a-long with Thomas Lauderdale and members of Pink Martini, the NW Community Gospel Choir, Pacific Youth Choir and friends!
Lake Oswego: This extraordinary evening of cheer includes caroling, performances from Lakeridge and Lake Oswego High School choirs and holiday tunes from Millennium Concert Band.
SATHillsboro: Spend a leisurely Saturday at the winter marketplace in downtown Hillsboro, sipping hot chocolate and nibbling on cookies provided by local businesses. You’ll find crafts made by local artisans, fresh winter produce and live music and entertainment—all of which will culminate in the spectacular tree lighting ceremony in the early evening.
Gresham – Cookie decorating, open houses at local businesses and phone calls to the North Pole are all part of the Spirit of Christmas, a day-long Thanksgiving weekend event in historic downtown Gresham.

THE HOLIDAY EXPRESS
Through December 18 – Join Santa Claus and his elves for a magical ride behind Portland’s famous steam locomotives. Vintage rail cars transport you through wilderness in the heart of the city. Round-trip rides run from Oaks Park Station through Oaks Bottom Wildlife Refuge to the Springwater Trail gateway on the Oregon Pacific Railroad.

POLAR EXPRESS
Through December 23 – The Polar Express story comes to life when the train departs Hood River for a one hour round-trip to the North Pole.

ZOO LIGHTS
Through January 1A dazzling display of more than million and half lights, and experience your zoo in a whole new light.

CHRISTMAS IN THE GARDEN
Through January 1 – An award-winning event featuring ice skating, a traditional German Christmas Market, snowless tubing and light display in the charming Rediscovery Forest.

CHRISTMAS FESTIVAL OF LIGHTS
Through December 30 – Offering a family-oriented blend of traditional celebration and serene reflection, the festival theme reflects the special season of hope that Christmas offers to many thousands of families from around the Pacific Northwest.

WINTER WONDERLAND
Through December 25 – Spectators can enjoy the most spectacular drive-through light show in the region, viewing over 250 colorful light set pieces and many fully animated scenes from the comfort of their own vehicle.

MADDOX WOODS
Through December 31 – Enjoy a magical walk down a lighted, accessible path through the woods and to the viewing platform on the Willamette River.

PORTLAND’S SINGING CHRISTMAS TREE
Through December 4Featured art includes the work of painters, sculptors, jewelers, photographers, woodworkers, glassblowers and more; authors include novelists, poets, photographers and writers of non-fiction.

A CIVIL WAR CHRISTMAS
Through December 23 – Propelled by traditional American songs, marches and spirituals — all revitalized for this production by luminary Portland musicians — A Civil War Christmas is a lively reminder for people of all beliefs about humanity’s potential for compassion, reconciliation and hope.

80’S DANCE CRUISE
SAT – Break out the hammer pants and leg warmers, time warp to the most radical decade and dance to the best of the 80’s with DJ MC or DJ Skippy.

TONY STARLIGHT SHOWROOM
Fridays through November 26 – Portland’s premiere dinner and show venue and is the closest thing to a Vegas show in Portland. A truly memorable dinner and show experience, one that you will want to share with friends and family.

PORTLAND SATURDAY MARKET
SAT-SUN through December – 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 in Old Town.

URBAN SCAVENGER HUNT
ALL MONTH  Smartphone clues lead you on a fun & engaging walking tour of the city. Clues start you in the heart of downtown at Pioneer Courthouse Square and will take you on a scavenger hunt through the Arts District, on a streetcar ride and among the famous food carts.

SHANROCK’S TRIVIOLOGY
ALL MONTH – Various Portland Locations: Triviology pub quizzes are free to play, last a couple of hours, and are composed of seven short rounds, giving teams instant gratification for their efforts. Team size can range from one to five players, with prizes for everyone on the winning team.

VANCOUVER METRO EVENTS

POLAR PLUNGE
THURS – Join in on the fun as every year a few brave folks jump into the icy waters of Klineline Pond!

FESTIVAL OF TREES
FRI-SUNLive concerts, dance performances, scavenger hunt through the trees, rides on the Loci train engine and the talking tree. The tree lighting itself features a concert by the Vancouver Pops Orchestra, a visit from Santa’s elves and even an appearance by the big man himself.

BARREL TASTING
FRI-SUN – This is a peak at “wine in process.”  Winemakers taste their wines periodically to “check-in,” make decisions about blending, and determine whether a wine is ready for bottling. This one weekend a year, we give you a chance to participate in this process. You may or may not like what you taste, but you will learn something!

OPEN SATURDAYS AT PEARSON AIRBASE
EVERY SAT  Free educational experience, Flight Simulator lab, vertical wind tunnel, a glider-building station, historic airplanes on-site for viewing, collections on display, and educational programs to propel students of all ages.
NEW MOVIES OUT THIS WEEK

·         Moana
·         Allied
·         Bad Santa 2
·         Dear Zindagi
·         Rules Don’t Apply
·         Evolution

Click here for movie times and theatres.

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

For a monthly online listing of upcoming Portland metro events, click here.


This Week in Real Estate: Nov. 21, 2016

image001Favorable news reported This Week in Real Estate from the construction sector, both in terms of builder confidence and October housing starts, which climbed to the strongest pace since 2007. Below are a few highlights from the third week of November that influence our business:

* Builder Confidence Holds Firm in November. Builder confidence in the market for newly-built single-family homes held steady in November at a level of 63 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Builder sentiment has held well above 60 for the past three months, indicating that single-family housing sector continues to show slow, gradual growth. Ongoing job creation, rising incomes and attractive mortgage rates are supporting demand in the single-family housing sector. These factors will help keep housing on a steady, upward path in the months ahead. Looking at the three-month moving averages for regional HMI scores, the Northeast, Midwest and West each posted respective two-point gains to 45, 58 and 77. The South remained unchanged at 68.
Full Story… http://eyeonhousing.org/2016/11/builder-confidence-holds-firm-in-november/

* Housing Starts See Greatest Leap in Nearly a Decade. A big jump up in single family starts combined with an anticipated rebound in multifamily to push the annual pace of total housing starts above 1.3 million in October. The Census Bureau and HUD reported that the seasonally adjusted annual rate of single family housing starts was 869,000 in October, up 10.7% from the September pace of 785,000. Starts in structures with 5 or more units rebounded from 255,000 to 445,000, a pace more consistent with recent months. Overall, total housing starts quickened from a pace of 1.054 million in September to 1.323 million in October, a 25.5% annualized gain. The surge in October was well ahead of the average pace of 768,000 so far in 2016. The number of building permits also increased in October 0.3% to 1.229 million. This is up from September’s 1.225 million, and up 4.6% from last year’s 1.18 million. We expect single family starts to remain strong, if not at the October pace, through the end of the year and continue to strengthen in 2017.
Full Story… http://eyeonhousing.org/2016/11/october-housing-starts-pop-goes-single-family/

* Equity Rich U.S. Homeowners Increase by 2.6 Million in Q3 2016. ATTOM Data Solutions released Thursday its Q3 2016 U.S. Home Equity and Underwater Report, which shows that 13,125,367 U.S. homeowners were equity rich (loan-to-value ratio of 50 percent or lower) as of the end of Q3 2016, representing 23.4 percent of all U.S. homeowners with a mortgage and an increase of more than 2.6 million from a year ago. The report also shows that 6,063,326 U.S. homeowners were seriously underwater (LTV of 125 or higher) as of the end of Q3 2016, representing 10.8 percent of all U.S. homeowners with a mortgage, and a decrease of more than 854,000 homeowners from a year ago. Since the peak in seriously underwater homeowners at 12.8 million representing 28.6 percent of all homeowners with a mortgage in Q2 2012, the number of seriously underwater homeowners has decreased by more than 6.7 million. “Close to one in every five U.S. homeowners with a mortgage is now equity rich thanks to a combination of rising home prices and lengthening homeownership tenures,” said Daren Blomquist, senior vice president at ATTOM Data Solutions. Median home prices increased on a year-over-year basis for the 18th consecutive quarter in Q3 2016. Among 88 metropolitan statistical areas with a population of at least 500,000 or more, Portland ranks 6th and Seattle ranks 9th, with the highest share of equity rich homeowners at 33.1% and 31.5% respectively.
Full Story… http://www.realtytrac.com/news/mortgage-and-finance/q3-2016-u-s-home-equity-and-underwater-report/

Have a productive week.
Jason


Portland Metro Events Planner: Nov. 18-20, 2016

PORTLAND METRO EVENTS WEEKEND PLANNER
FOR NOVEMBER 18-20, 2016

 

WILD ARTS FESTIVAL
SAT-SUN Wild Arts Festival features 70 artists and 30 authors who are inspired by nature, plus a silent auction to benefit the Audubon Society at Montgomery Park.

ORYCON SCIENCE FICTION CONVENTION
FRI-SUN – Meet sci-fi and fantasy authors and artists, and attend panels, workshops, dances, games, and vendor exhibits at OryCon at Portland Marriott Waterfront.

POLAR EXPRESS
Through December 23 – The Polar Express story comes to life when the train departs Hood River for a one hour round-trip to the North Pole.

CRANKSGIVING
SAT – Grab your bike for this treasure-hunt food drive—teams visit a list of stores and buy a list of items. Items are donated to Outside In, which serves homeless youth.

WINE FESTIVAL
FRI – A ticket to Beaujolais Nouveau includes tastes of the latest vintage from Oregon, Washington, and France, plus a gourmet buffet at the Heathman Hotel.

THE MYSTERY OF EDWIN DROOD
THURS-SUN – A hilarious, interactive whodunit mystery musical that allows the audience to enter the action and become the ultimate detectives.

80’S DANCE CRUISE
SAT – Break out the hammer pants and leg warmers, time warp to the most radical decade and dance to the best of the 80’s with DJ MC or DJ Skippy.

TONY STARLIGHT SHOWROOM
Fridays through November 26 – Portland’s premiere dinner and show venue and is the closest thing to a Vegas show in Portland. A truly memorable dinner and show experience, one that you will want to share with friends and family.

PORTLAND SATURDAY MARKET
SAT-SUN through December – 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 in Old Town.

URBAN SCAVENGER HUNT
ALL MONTH  Smartphone clues lead you on a fun & engaging walking tour of the city. Clues start you in the heart of downtown at Pioneer Courthouse Square and will take you on a scavenger hunt through the Arts District, on a streetcar ride and among the famous food carts.

SHANROCK’S TRIVIOLOGY
ALL MONTH – Various Portland Locations: Triviology pub quizzes are free to play, last a couple of hours, and are composed of seven short rounds, giving teams instant gratification for their efforts. Team size can range from one to five players, with prizes for everyone on the winning team.

VANCOUVER METRO EVENTS

IGOR STRAVINSKY’S “SOLDIER TALE”
SUN – The Vancouver Symphony Chamber Music Series presents the semi-staged production of Igor Stravinsky’s “Soldier’s Tale.”

VANCOUVER FARMER’S HARVEST MARKET 
SAT – This late season version of our market will focus on all the local bounty for your Thanksgiving Dinner.

OPEN SATURDAYS AT PEARSON AIRBASE
EVERY SAT  Free educational experience, Flight Simulator lab, vertical wind tunnel, a glider-building station, historic airplanes on-site for viewing, collections on display, and educational programs to propel students of all ages.

NEW MOVIES OUT THIS WEEK

·         Fantastic Beasts & Where to Find Them
·         Bleed for This
·         Manchester by the Sea
·         Life on the Line
·         Billy Lynn’s Long Halftime Walk
·         Blood on the Mountain

Click here for movie times and theatres.

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

For a monthly online listing of upcoming Portland metro events, click here.


Appealing to Multigenerational Buyers

Multigenerational Buyers

A Financial & Lifestyle Solution to Rising Prices

Although your home may have housed a traditional family consisting of a mom, dad and two kids, savvy real estate agents will tell you that in order to attract more buyers, staging your house as one fit for multi-generations is the way to go.Grandfather And Grandson Playing With Football In Park A recent study conducted by the Pew Research Center states that a record 57 million Americans (18.1% of the U.S. population) were living in multi-generational households.

This trend is coming from all directions. Young adults are moving back home, the elderly are moving in with their middle-age children and middle-aged children are moving back with their elderly parents.

Homes geared specifically to multigenerational buyers are on the cutting edge of design. They often include self-contained, apartment-like living areas with a bedroom, a full bath, a kitchenette, a separate entrance and sometimes a laundry room and garage. Although the western states, especially California, are ahead of the curve, these multigenerational floorplans are gradually making their way east.

As a result, agents are highlighting features such as finished walkout basements and bonus bedrooms. When it’s being suggested to transform your office or basement into a bedroom, you should be listening. Any home that contains bonus space is a viable candidate for a buyer who might be planning to bring an ill or out-of-work family member back into the fold. A home’s accessibility is important for people who might be living with aging parents who use wheelchairs or walkers. Creating a complete, accessible living space on one level with safety features can make a home attractive to people of all ages.

Modern white kitchen clean interior designAdding a Kitchenette

If you are thinking of adding a lock-off suite within the walls of your single-family home, you may consider adding a kitchenette or service bar with a sink, a fridge and a convection microwave oven, but not a range and oven. That’s because some municipalities classify a home as a duplex if the kitchenette has full-size cooking appliances.

A convection microwave is versatile enough for most types of cooking, not to mention dozens of countertop appliances, such as crockpots, woks and toaster ovens. A kitchenette, by design, is relatively small because it’s meant for one or two people. A range would take up space better utilized for storage cabinets.

While communal living isn’t for everyone, new multigenerational homes can help minimize friction and promote more positive experiences. Grandparents and grandchildren develop a stronger bond. Parents have more peace of mind knowing that the grandparents aren’t alone. They can even get away by themselves occasionally, since Grandpa and Grandma can look after the kids. It’s a financial solution, but it’s also a lifestyle solution.

 

This Week in Real Estate: November 14, 2016

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The 2017 housing market forecast and affordability were topics that received the most attention This Week in Real Estate coming off the heels of the National Association of Realtors Conference and Expo. Below are a few highlights from the second week of November that influence our business:


* What’s In Store For Housing In 2017? For the majority of this year, the housing market could not get past low inventory levels, which were continuously cited as the main road block to a fully healthy housing market. Next year should be better, according to the newly released forecast from the National Association of Realtors, but its going to take time. “It’s evident that demand and sales slightly weakened over the summer as stubbornly low supply buyers’ choices, accelerated price growth and hindered some consumers’ belief that now is a good time to buy a home,” said Lawrence Yun, chief economist of the National Association of Realtors. Looking to next year, Yun stated that he thinks the tight supply and affordability issues affecting buyers in many markets will very slowly but surely start to abate. Yup predicts that housing starts will jump 5.3% next year to 1.22 million. However, this is still under the 1.5 million new homes needed to make up for the shortfall in recent years and keep up with the growing demand. The report added that new single-family home sales are likely to total 570,000 this year and rise to around 620,000 in 2017. According to Yun’s forecasts for next year, existing-home sales are projected to grow roughly 2% to around 5.46 million, and then experience a more prominent jump of 4% in 2018 (5.68 million). The national median existing-home price is expected to rise around 4% both this year and in 2017, and by the end of 2017, Yun said he expects rates to be around 4.5%. As for the rest of 2016, Yun added that he expects existing-home sales to finish at a pace of about 5.36 million – the best year since 2006 (6.47 million).
Full Story… http://www.housingwire.com/articles/38456-whats-in-store-for-housing-in-2017?eid=322520585&bid=1581068


* Housing Affordability Edges Lower In Third Quarter. Ongoing home price appreciation offset a small decline in mortgage interest rates to move housing affordability slightly lower in the third quarter of 2016, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). In all, 61.4 percent of new and existing homes sold between the beginning of July and end of September were affordable to families earning the U.S. median income of $65,700. The national median home price increased from $240,000 in the second quarter to $247,000 in the third quarter. Meanwhile, average mortgage rates edged lower from 3.88 percent to 3.76 percent in the same period.
Full Story… http://eyeonhousing.org/2016/11/housing-affordability-edges-lower-in-third-quarter/

* Balancing Act of Low Rates, Rising Home Prices is Keeping Affordability Stable For Now.
“The latest Black Knight Home Price Index (HPI) report showed that, as of the end of August, U.S. home prices were within just 0.7 percent of hitting a new peak,” said Black Knight Executive Vice President Ben Graboske. “This is important for a number of reasons, not least of which is the impact it could have on home affordability. Right now, however, affordability remains steady as low interest rates continue to offset rising home prices. In fact, even though the value of the average home in the U.S. increased by about $13,500 over the last year, thanks to declining interest rates it actually costs almost exactly the same in principal and interest each month to purchase as it did this time last year.” The most recent HPI data is also important when it comes to the growing discussion surrounding conforming loan limits. The Housing and Economic Recovery Act of 2008 restricted any additional increases in the conforming loan limit until national home values returned to pre-crisis levels. Now that we’ve reached that point by multiple measures, the GSEs can consider raising the national conforming limit above the static $417,000 where it has stayed for the last 10 years. Black Knight also found that while Oregon, Washington and Colorado continue to see the highest levels of HPA, of the three, Colorado’s rate of appreciation is down one percent from last year. Both Washington and Oregon continue to accelerate, with annual rates of HPA over 1.5% higher than one year ago.
Full Story… http://www.bkfs.com/CorporateInformation/NewsRoom/Pages/20161107.aspx

Have a productive week.
Jason


Portland Metro Weekend Event Planner: November 11-13, 2016

PORTLAND METRO EVENTS WEEKEND PLANNER
FOR NOVEMBER 11-16, 2016

 

HOLIDAY FOOD & GIFT FESTIVAL
FRI-SUN – One of the largest holiday celebrations in the Northwest, with over 300 exhibitors. The festival will provide shoppers with one-of-a-kind gifts that cannot be found anywhere else. Featuring art, crafts, jewelry, clothing, wood, music, photography, toys, Christmas décor, and much more makes this a gift buyer’s delight.

PORTLAND BEER & MUSIC FESTIVAL
SAT – Try unlimited samples of over 50 craft beers, wines, and spirits. Live bands, DJ’s, great food and much more!

NORTHWEST FOOD & WINE FESTIVAL
Through SAT – The festival brings the highest quality regional wines, spirits, beers, foods and prominent chefs and restaurants. It’s designed to present a rich and rewarding experience for wine lovers, gourmet food enthusiasts and industry experts.

VETERAN’S DAY PARADE
FRI – Join us in honoring our Veterans! Floats, marching bands, vehicles and much more! Starting point is on NE 40th and Tillamook and proceeds along NE 40th.

FREE NATIONAL PARKS DAY

FRI – In honor of America’s Veterans, all parks will have free admission. Get out and enjoy fall in the beautiful Northwest.

PORTLAND METRO DEALERS RV SHOW
THURS-SUN – Visit dealers and exhibitors to show the latest RV products.

COMEDY NIGHT AT THE ZOO

SATComedy Night at the Zoo includes hors d’oeuvres, adult drinks, a silent auction, live music, and a performance by Caitlin Weierhauser in the banquet room at the Oregon Zoo.

TONY STARLIGHT SHOWROOM
Fridays through November 26 – Portland’s premiere dinner and show venue and is the closest thing to a Vegas show in Portland. A truly memorable dinner and show experience, one that you will want to share with friends and family.

PORTLAND SATURDAY MARKET
SAT-SUN through December – 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 in Old Town.

URBAN SCAVENGER HUNT
ALL MONTH  Smartphone clues lead you on a fun & engaging walking tour of the city. Clues start you in the heart of downtown at Pioneer Courthouse Square and will take you on a scavenger hunt through the Arts District, on a streetcar ride and among the famous food carts.

SHANROCK’S TRIVIOLOGY
ALL MONTH – Various Portland Locations: Triviology pub quizzes are free to play, last a couple of hours, and are composed of seven short rounds, giving teams instant gratification for their efforts. Team size can range from one to five players, with prizes for everyone on the winning team.

VANCOUVER METRO EVENTS

SECOND SATURDAY AT THE WATER CENTER: NATIVE AMERICAN INDIAN HERITAGE MONTH
SAT – Learn more about our local Native American community, watch dancers in native regalia, play games, paint feather and much more!

CLARK COUNTY OPEN STUDIOS
SAT-SUN – A free self-guided tour where local artists open their studios to the public and share how, why and where their art is created. This is a unique opportunity to visit artists and artisans, view diverse works and buy pieces specifically created for this event.

OPEN SATURDAYS AT PEARSON AIRBASE
EVERY SAT  Free educational experience, Flight Simulator lab, vertical wind tunnel, a glider-building station, historic airplanes on-site for viewing, collections on display, and educational programs to propel students of all ages.

NEW MOVIES OUT THIS WEEK

· Arrival
· Shut In
· Elle
· Almost Christmas
· Billy Lynn’s Long Halftime Walk
· National Bird

Click here for movie times and theatres.

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

For a monthly online listing of upcoming Portland metro events, click here.


©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.