Portland Metro Weekend Planner March 22-24, 2019

PORTLAND METRO WEEKEND PLANNER
MARCH 22-24, 2019

TULIP FESTIVAL
THROUGH APRIL 29 – 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.

THE ELEPHANT MAN
THROUGH SUN Twilight Theatre introduces the story of a man living with a physical deformity and his journey through trials and tribulations.

ROMANTIC PLAY
FRI-SUN – The Alpenrose Opera House hosts We Met in Moscow, a story of a Russian scientist and a Portland professor falling in love in the post-cold war era.

FILM FESTIVAL
FRI-SUN – Encore screenings of the Portland International Film Festival is shown at the Art Museum.

QUILT SHOW
FRI-SAT – Head to the Portland Quilt Show to watch demonstrations, shop, and view hundreds of intricate quilts on display.

HORSE FAIR & EXPO
FRI-SUN – The Northwest Horse Fair and Expo combines education, entertainment and shopping by hosting performances, demonstrations, seminars, and vendors.

WHALE WATCHING
THROUGH MAR 31 – Head to the coast for a weekend at the Depoe Day Whale Center to spot the 20,000 gray whales heading back to Alaska for the spring.

THE TULIP RUN
SAT – The Tulip Trail run is a 5K, 10K, and half marathon at the Wooden Shoe Tulip Farm benefiting Oregon City High School Track and Field.

WINERY COMEDY NIGHT
FRI – Oak Knoll winery hosts the Winery Comedy Tour. Head to the vineyard to catch the sunset with a glass and enjoy laughs.

COSMIC SNOW TUBING
THROUGH FRI – Head to the best party on the mountain with over half a million LED lights, laser light shows and colored lights with a DJ as you enjoy tubing down the mountain. Check online for dates FRI-SAT through March 22nd at Mt. Hood Skibowl.

ALL CLASSICAL SYMPHONY
ONGOING – Don’t miss showcases of the season from All Classical Portland. Check the website for the latest schedule.

COMEDY IMPROV SHOW
THROUGH MAR 30ComedySportz is a fun, fast-paced improv comedy show for the whole family, everything is improvised and no two rounds are the same.

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

PAINTING
SAT – The Vancouver Art Space hosts Wine and Paint Saturday with materials, instructions, and beverages included.

NIGHT MARKET
FRI – The Vancouver Night Market is back with over 85 vendors. Shop local, network, and enjoy incredible food.

ROCKY HORROR PICTURE SHOW
SAT – Kiggin’s Theatre hosts fan favorite Rocky Horror Picture Show with a Shadow Cast acting out the movie as it’s being displayed.

COUVE CLOVER RUN
SAT – Vancouver paints the town green for a 3, 7, or 10 mile race in celebration of the Clover Run. Wear the most festive costume to win a prize!

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

MOVIES OPENING THIS WEEKEND

  • US
  • Shazam!
  • Wonder Park
  • Five Feet Apart
  • Hotel Mumbai
  • Ramen Soup
  • Sunset
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

 


Home Price and Mortgage Rate Forecasts



Home Price and Mortgage Rate Forecasts 

According to the Federal Reserve’s Flow of Funds report that was released This Week in Real Estate the home equity percentage has reached its highest level since the second quarter of 2002. Below are a few highlights from the second week of March that influence our business:

Equity Rises for U.S. Homeowners. The home equity percentage reached a level that had not been seen since the second quarter of 2002. As of the fourth quarter of 2018, the equity percentage, on a non-seasonally-adjusted basis, stood at 60.1%. At the end of 2018, the market value of all owner-occupied real estate totaled $25.9 trillion, growing by 5.3% from the start of the year, and outstanding home mortgage debt totaled $10.3 trillion, growing by a lesser percentage of 2.6%. The trend in the market value of all owner-occupied real estate mirrors that of the Case-Shiller U.S. National Home Price Index. Rising residential real estate prices are a good proxy for the increasing market value of homes in the U.S. As of the fourth quarter of 2018, homeowners collectively held 15.4 million home equity lines of credit, totaling a balance of about $0.4 trillion.

Home Price and Mortgage Rate Forecasts Suggest Smaller Gains in the Mortgage Payments Homebuyers Will Face This Year. While the nation’s median home sale price rose about 4 percent year over year in December 2018, the principal-and-interest mortgage payment on that median-priced home increased nearly three times as much because mortgage rates rose by more than half a percentage point over that period. However, some forecasts for home prices and mortgage rates indicate mortgage payments will rise at a much slower pace this year, which could help stoke home sales this spring. One way to measure the impact of inflation, mortgage rates and home prices on affordability over time is to use what we call the “typical mortgage payment.” It’s a mortgage-rate-adjusted monthly payment based on each month’s U.S. median home sale price. It is calculated using Freddie Mac’s average rate on a 30-year fixed-rate mortgage with a 20 percent down payment. It does not include taxes or insurance. The typical mortgage payment is a good proxy for affordability because it shows the monthly amount that a borrower would have to qualify for to get a mortgage to buy the median-priced U.S. home.

Looking ahead, the CoreLogic Home Price Index Forecast suggests a 4.5 percent annual gain in home prices by this December, while the average among six rate forecasts indicates a small increase – 0.1 percentage points – in mortgage rates this December compared with December 2018. The CoreLogic HPI Forecast suggests the median sale price will rise 2.1 percent in real, or inflation-adjusted, terms over the year ending December 2019 (or 4.5 percent in nominal, or not-inflation-adjusted, terms). Based on that projection, coupled with the aforementioned consensus mortgage rate forecast, the real typical monthly mortgage payment would rise from $904 in December 2018 to $935 by December 2019, a 3.5 percent year-over-year gain , down from a 9.9 percent gain a year earlier. In nominal terms the typical mortgage payment’s year-over-year increase in December 2019 would be 6.0 percent, or about half the 12.1 percent gain a year earlier.

MBA Has a More Upbeat View on New Home Sales. Even though the January Census Bureau report on new home sales published on Thursday wasn’t all that encouraging for the spring market, the Mortgage Bankers Association (MBA) is predicting more upbeat news for February. The Association’s Builder Application Survey (BAS) shows a 6 percent increase in new home purchase applications from the previous month and a 3-point gain from February 2018. Those numbers are not seasonally adjusted. “The housing market remains poised for a strong spring, with last month’s increase in builder applications likely leading to a healthy 7 percent year-over-year rise in new home sales,” said Joel Kan, MBA’s Associate Vice President of Economic and Industry Forecasting. “We are starting to see signs of more new residential construction and inventory, which increases buying opportunities for the many home shoppers who have been hampered by the ongoing lack of supply.” Added Kan, “Slowing home-price growth, combined with stronger wage gains and lower mortgage rates, is translating to improving affordability conditions for spring buyers.”


Eco-Friendly Spring Gardening Tips

 

Eco-Friendly Spring Gardening Tips

The Pacific Northwest prides itself on maintaining our natural resources and keeping our lifestyles eco-friendly. According to the Planet Natural Research Center, 40-60% of nitrogen from fertilizer runoff ends up in ground and surface water. It’s important to read labels on chemicals and common lawn and garden fertilizer to create a safe and healthy home for your family. Here are our top chemical-free lawn and gardening tips for this Spring.

Want a Lush & Healthy Lawn?
Raise the blade on your mower 3 inches to allow for longer grass and reduce the stress on your lawn. Leave the lawn clippings to decompose as a natural fertilizer. This helps crowd out weeds and maintain moisture in the soil, keeping your lawn healthy. 

Ready to Plant Your Garden?
Become knowledgeable on your yard, notice where the afternoon shade lands and which areas have clay soil vs. rich mulch. Above ground garden beds are great alternatives for clay-rich soil. This advantage will determine the success of your plants and ensure longevity. The Portland Metro area’s last spring frost date falls around March 11th and the Seattle Metro area’s last frost falls after March 17th. Once frozen ground is no longer a threat, you can plant your starters in the garden.  

Alternatives to Roundup
Toxic weed killer is harmful to our water supply, crops, pests, and animals. Try safe alternatives like orange oil, a natural acid you can spot treat weeds with. Add one cup of orange oil to one gallon of vinegar and a tablespoon of dish soap. This method is more efficient in a sprayer and strong enough to kill tough poison ivy. Vinegar is a great alternative, but you may need to look for a stronger version for weeds. Look for horticultural strength vinegar, with 10-20% acetic acid, this will make a much better impact on stubborn weeds than the kind we use on our salad. Be sure to wear gloves and protection from potent vinegar burns.  

Alternatives to Fertilizer
Corn gluten meal is often something people keep off their plate, but it doubles as a clean fertilizer to use on a yard with children and pets. This pre-emergent weed control can be used in a spreader with a ration of 20 pounds of corn gluten meal to every 1,000 square feet of yard with a spreader opening of 95%. Because it acts as a pre-emergent, make sure you start this process early in the spring, before weeds appear to keep them away. 

Build a Pollinator Garden
Now that your home is a safe, pesticide-free area for plants and animals, you can build a pollinator garden. This will attraction will create a welcoming environment for honey bees, butterflies, and hummingbirds. Start by planting effervescent lavender, vibrant hibiscus, low maintenance sunflowers, and zinnias. If you’re looking to add pollinators to help your vegetable garden bloom, try adding basil, oregano, mint, and garlic chives to the area.


Portland Metro Weekend Planner March 15-17, 2019

 

PORTLAND METRO WEEKEND PLANNER
MARCH 15-17, 2019

SHAMROCK RUN
FRI-SUN – Celebrate St. Patrick’s Day at the Fitness Fair and the Shamrock Run at the Oregon Convention Center. The run has numerous races available for different abilities like a half marathon, 15k, 8k, 1k, and a 4-mile walk.

CIRQUE DU SOLEIL
FRI-SUN – Watch dancers, singers, musicians, and acrobats during Corteo. This majestic show takes circus acts to new heights.

HOT ROD SHOW
FRI-SUN – The Portland Roadster Show at the Expo Center hosts over 400 vehicles, automobiles, trucks, and motorcycles. See Optimus Prime from Transformers, attend the pedal car auction, and chat with regional an national auto vendors.

FILM FESTIVAL
THROUGH MAR 21 – The Portland International Film Festival showcases new world cinema with an exhibition of over 60+ short films and more than 100 feature films.

PORTLAND BAROQUE ORCHESTRA
SUN – Celebrate Irish heritage with Kevin Burke and friends. Listen to world renowned fiddler and Seattle-based piper Tom Creegan.

THE DIARY OF ANNE FRANK
THROUGH SAT – The Beaverton Civic Theatre showcases 71 reproduced personal photographs from Anne Frank. Many of these photos have rarely been shown, and few have been recently discovered. These photographs are paired with a reading of her literary work.

PORTLAND COLUMBIA SYMPHONY
THROUGH SUN – Mt. Hood Community College hosts musicians performing Beethoven’s Violin Concerto.

ROSE CITY ROLLERS
SAT – The Rose City Rollers: Break Neck Betties compete against the High Rollers at Oaks Park.

OREGON CHEESE FESTIVAL
SAT-SUN – Head to Rogue Creamery for a full weekend of master classes, artisan cheese tastings paired with beer, wine and cider. Enjoy a four-and-five course dinner on Saturday and Sunday with goodies and more!

KELLS IRISH FESTIVAL
FRI-SUNKells hosts a three-day Irish festival with live music, dancing, and a scavenger hunt under a massive tent.

COSMIC SNOW TUBING
THROUGH MAR 22 – Head to the best party on the mountain with over half a million LED lights, laser light shows and colored lights with a DJ as you enjoy tubing down the mountain. Check online for dates FRI-SAT through March 22nd at Mt. Hood Skibowl.

ALL CLASSICAL SYMPHONY
ONGOING – Don’t miss showcases of the season from All Classical Portland. Check the website for the latest schedule.

COMEDY IMPROV SHOW
THROUGH MAR 30 ComedySportz is a fun, fast-paced improv comedy show for the whole family, everything is improvised and no two rounds are the same.

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

PADDY PARADE
FRI – This community event hosts the Paddy Hough Parade, a great family-fun event through Uptown Village.

LUCK OF THE IRISH
SUN – This virtual race has you racing towards the pot of gold as a fundraiser for the National Hemophilia Foundation. Win prizes for completing a 5k, 10k, or half marathon!

SPRING SWING DANCE
SAT – The Vanport Jazz band features 1940s style and vintage World War II uniforms to fundraise, sponsored by the volunteers of the Friends of Fort Vancouver.

CHILDREN’S FESTIVAL
SAT –  Head to Children’s Fest for tons of free family fun! Enjoy dance performances, games, prizes, face painting and balloon art.

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

MOVIES OPENING THIS WEEKEND

  • Captive State
  • Five Feet Apart
  • Wonder Park
  • The Aftermath
  • Chimera Strain
  • Faith, Hope & Love
  • The Hummingbird Project
  • The Mustang
  • Nancy Drew and the Hidden Staircase
  • Iceman
  • Yardie
  • Off Season
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


Housing Heats up with a $1.3 Trillion Dollar Increase in Equity

 

Housing Heats up with a $1.3 Trillion Dollar Increase in Equity

According to the most recent Financial Accounts of the United States, released This Week in Real Estate by the Board of Governors of the Federal Reserve System, the value of homeowner’s equity in real estate reached $15.4 trillion in the third quarter of 2018; that is up $1.3 trillion over the prior four quarters. Below are a few highlights from the first week of March that influence our business:

Housing Starts Heat Up In January, Climb Whopping 18.6%. Housing starts significantly heated up in January, according to the latest report from the U.S. Dept. of Housing and Urban Development and the U.S. Dept. of Commerce. Housing starts rose a whopping 18.6% to a seasonally adjusted annual rate of 1.23 million units, according to the report. “In January, the 18.6% monthly increase in housing starts reflects rising consumer sentiment and builder confidence,” First American Chief Economist Mark Fleming said. “Despite the headwinds, home builders are pushing through new construction projects.” Single-family production rose 25.1% from last month to 926,000 units while multifamily starts came in at a seasonally adjusted annual rate of 289,000 units. Overall permits increased 1.4% in January to a seasonally adjusted annual rate of 1.345 million. Lastly, housing completions in January were at a seasonally adjusted annual rate of 1.24 million, climbing 27.6% from December’s rate. Of these, single‐family housing completions were at a rate of 914,000 units and multifamily units came in at 327,000.

Increase in Housing Wealth. Homeowners’ equity in real estate improved as home prices continue to increase and mortgage debt expands slowly. The latest quarterly Financial Accounts of the United States, published by the Board of Governors of the Federal Reserve System, finds that the value of owners’ equity in real estate, the difference between the market value of owner-occupied real estate and home mortgage debt, rose by $1.3 trillion over the past four quarters and reached $15.4 trillion in the third quarter of 2018. On a nominal and not seasonally adjusted basis, the market value of owner-occupied real estate increased to $25.6 trillion totally in the third quarter of 2018, $298 billion more than the second quarter of 2018 and $1,526 billion more than the third quarter of 2017. Additionally, the improvement in home equity partially reflected slow growth in home mortgage debt. A decade ago, when the loan-to-value (LTV) ratio climbed to the highest level of 63%, the value of owners’ equity in real estate dropped to as low as $6.1 trillion in the first quarter of 2009. Between 2011 and 2018, the market value of households’ real estate rose by 59%, however, home mortgage debt increased by 3% over the same period. As a consequence, the LTV ratio decreased and the value of owners’ equity in real estate rose.

January Marks Seven Years of Annual Home Price Appreciation. National home prices increased 4.4 percent year over year in January 2019 and are forecast to increase 4.6 percent from January 2019 to January 2020, according to the latest CoreLogic Home Price Index (HPI) Report. The overall HPI has increased on a year-over-year basis every month for seven years (since February 2012) and has gained 57.3 percent since hitting bottom in March 2011. As of January 2019, the overall HPI was 5.6 percent higher than its pre-crisis peak in April 2006. Adjusted for inflation, U.S. home prices increased 3.7 percent year over year in January 2019 and were 13.1 percent below their peak.


Portland Metro Weekend Planner March 8-10, 2019

 

PORTLAND METRO WEEKEND PLANNER
MARCH 8-10, 2019

BRUNCH FESTIVAL
SUN – Indulge in your favorite meal of the day, brunch! Sample brunch food and drinks from local restaurants and food trucks to benefit the Jerome Kersey Foundation, serving under–privileged children.

ENCHANTED FOREST BALL
SAT – Wear your fairy-tale or folklore attire for the Enchanted Forest Ball with a light food buffet, drinks, live folk music, silent auction, and more!

RV SHOW
THROUGH SUN – The Portland Metro Dealers RV show hosts innovative recreational vehicles and vendors with the latest accessories at the Portland Expo Center.

FILM FESTIVAL
THROUGH MAR 21 – The Portland International Film Festival showcases new world cinema with an exhibition of over 60+ short films and more than 100 feature films.

WINE & CULINARY FESTIVAL
THROUGH SUN – Savor Cannon Beach Wine & Culinary festival offers a wide variety of wine and food pairings from local participating wineries.

COFFEE BEER & DOUGHNUT FEST
SAT – The 5th Annual Baker’s Dozen combines three of Portland’s most known eats: coffee, beer, and doughnuts. Try 13 coffee beers (or just coffee) paired with 13 doughnuts. This event is family friendly, all ages are welcome.

THE DIARY OF ANNE FRANK
THROUGH MAR 16 – The Beaverton Civic Theatre showcases 71 reproduced personal photographs from Anne Frank. Many of these photos have rarely been shown, and few have been recently discovered. These photographs are paired with a reading of her literary work.

STUART LITTLE
THROUGH SUN – The Theatre in the Grove presents this family classic and endearing tale of an ordinary family and the adventures of an extraordinary mouse.

ROCK & GEM SHOW
FRI-SUN – Browse rocks, minerals, fossils and more in Forest Grove with the Tualatin Valley Rock & Gem Club!

WINTER MUSIC FESTIVAL
SAT – Two stages host seven bands featuring blues music, the fundraiser gives back to the community.

BARLEYWINE FESTIVAL
FRI-SAT – The 22nd Annual Barleywine Festival features over 70 barleywines over the weekend.

COSMIC SNOW TUBING
THROUGH MAR 22 – Head to the best party on the mountain with over half a million LED lights, laser light shows and colored lights with a DJ as you enjoy tubing down the mountain. Check online for dates FRI-SAT through March 22nd at Mt. Hood Skibowl.

ALL CLASSICAL SYMPHONY
ONGOING – Don’t miss showcases of the season from All Classical Portland. Check the website for the latest schedule.

COMEDY IMPROV SHOW
THROUGH MAR 30 ComedySportz is a fun, fast-paced improv comedy show for the whole family, everything is improvised and no two rounds are the same.

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

 

TEA TIME
SAT-SUN – This special tea time honors Anne of Green Gables with a seasonal menu, sweet treats, and a wide variety of tea every Saturday in March. Special Mardi Gras tea time at the Grant House this Sunday.

WELLNESS EXPO
SAT – Visit with local professionals in the health industry and learn from information sessions, enjoy light snacks, raffle prizes and more!

OPEN SATURDAY
SAT – Head to Pearson Field for a day of hands-on family fun. The Historic Trust hosts this experience with a vertical wind tunnel, a glider building station, flight simulator lab, and more!

MARY POPPINS
THROUGH SUN Journey Theatre hosts the heartwarming story and musical of Mary Poppins.

MOVIES OPENING THIS WEEKEND

  • Captain Marvel
  • An Elephant Sitting Still
  • Ferrante Fever
  • Gloria Bell
  • The Kid
  • A Madea Family Funeral
  • Greta
  • Apollo 11
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


Highest Homeownership Rates Since 2014

 

Highest Homeownership Rates Since 2014

The Census Bureau reported This Week in Real Estate that the U.S. homeownership rate increased in the fourth quarter of 2018 to 64.8 percent – the highest rate since 2014 – driven mainly by a rise in the 35-44-year-old homeownership rate. Below are a few highlights from the fourth week of February that influence our business:

Homeownership is Highest Since 2014. The Census Bureau reported on Thursday that the national homeownership rate rose slightly in the fourth quarter of 2018 to 64.8 percent, up from 64.4 percent in the third quarter and 64.2 percent in the fourth quarter of 2017. The Census Bureau said that change was not statistically different in either case, but at least it did continue the gradual upward trend in the rate since it hit an all-time low of 62.9 percent in the second quarter of 2016. The headline news, however, was a 1.2-point year-over-year change in the rate for those 34 to 44 years of age to 61.1 percent, by far the largest gain for any age group. The final three months of last year also yielded an additional 1.7 million units (compared to the end of 2017). This made 2018 the strongest year for owner household formation since 2004. We have now seen three years of growth in homeownership – with the last two well in excess of the one million mark – and believe that housing demand continues to be strong.

Pending Home Sales Jump 4.6% in January. Pending home sales rebounded strongly in January, according to the National Association of Realtors. All four major regions saw growth last month. The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 4.6 percent to 103.2 in January, up from 98.7 in December. Lawrence Yun, NAR chief economist, said “a change in Federal Reserve policy and the reopening of the government were very beneficial to the market. Homebuyers are now returning and taking advantage of lower interest rates, while a boost in inventory is also providing more choices for consumers.”

US Consumer Confidence Rebounds in February. American consumers were feeling more confident this month after a rally in the stock market and an end to the partial shutdown of the federal government. The Conference Board, a business research group, says its consumer confidence index rose to 131.4 from 121.7 in January. The index measures consumers’ assessment of current economic conditions and their expectations for the next six months. Consumers’ views of today’s economy were the sunniest since December 2000.


Portland Metro Weekend Planner March 1-3, 2019

 

PORTLAND METRO WEEKEND PLANNER
MARCH 1-3, 2019

WOMEN’S EXPO
SAT – The Women’s Expo features a fashion show, food and wine garden, beauty merchandise, and health products.

MARDI GRAS BALL
FRI-SUN – Grab your best Mardi Gras costume for ballroom dance and head to the Louisiana-style event of the year. Enjoy delicious king cake, a full bar, dancing and more.

PORTLAND JAZZ FESTIVAL
THROUGH SUN – Listen to over 85 internationally recognized jazz master performances at the PDX Jazz Festival.

THE DIARY OF ANNE FRANK
THROUGH MAR 16 – The Beaverton Civic Theatre showcases 71 reproduced personal photographs from Anne Frank. Many of these photos have rarely been shown, and few have been recently discovered. These photographs are paired with a reading of her literary work.

STUART LITTLE
THROUGH MAR 10 – The Theatre in the Grove presents this family classic and endearing tale of an ordinary family and the adventures of an unordinary mouse.

CHOWDER CHALLENGE
SAT – Listen to live music, try 12 chowder samples, and vote on your favorite combination from local restaurants and brewpubs.

ROCK MUSICAL
THROUGH SUN – Andrew Lloyd Webber’s rock musical Jesus Christ Superstar features hit songs and a powerful story at the Brunish Theatre.

MONSTER TRUCKS
SAT-SUN – Bring the kids to an exciting Monster Jam at the Moda Center! Watch decorated trucks like The Grave Digger and Zombie go head to head.

LEGO CONVENTION
THROUGH SUN  – Create Minifigures in motion at the builders convention and public expo. Create with the community and see amazing builds with Legos.

ANTIQUE & COLLECTIBLES SHOW
SAT-SUN – Browse from over 1300 vendors selling memorabilia, glassware, paintings, furniture and more at the Expo Center at America’s Largest Antique & Collectible Show.

COOKIE & WINE PAIRING
FRI-SUN Hip Chicks do Wine hosts Girl Scout Cookie and Wine Tasting all week, based on the popular article Vivino, about cookie pairings.

AFRICAN FILM FESTIVAL
THROUGH SAT – The Cascade Festival of African Films at the Hollywood Theatre hosts films through March 2nd. Watch short films and documentaries by emerging African directors.

LADIE’S NIGHT
FRI – Plum Hill Vineyards hosts a creative evening for the ladies, bring a friend and create sugar scrubs and your own bath salts while sampling popular wines.

COSMIC SNOW TUBING
THROUGH MAR 22 – Head to the best party on the mountain with over half a million LED lights, laser light shows and colored lights with a DJ as you enjoy tubing down the mountain. Check online for dates FRI-SAT through March 22nd at Mt. Hood Skibowl.

ALL CLASSICAL SYMPHONY
ONGOING – Don’t miss showcases of the season from All Classical Portland. Check the website for the latest schedule.

VOLKSFEST
FRI-SUN – Head to the handmade sausage and German beer festival in Mt. Angel. Shop the artisan market, have a blast in the kids area, or tie your shoes and try the Wurst (5k/10k) Run.

VANCOUVER METRO EVENTS

HORSE EXPO
FRI-SUN – The Annual Washington State Horse Expo is back with demonstrations from famous horsemanship experts and trainers. Watch clinics throughout the weekend, or browse and purchase from industry vendors.

GLASS BLOWING DEMO
FRI – Head to Firehouse glass for demonstrations on glass blowing like an expert and browse the First Friday Artwalk.

SYMPHONY
SUN – Southwest Washington Wind Symphony hosts Childhood Wonder inspired by paintings of children by American Artist Keith Lindberg.

BREWERY OPEN HOUSE
SAT – The Washington Beer Commission invites you to visit some of the State’s most popular craft brewers and taste some paired treats.

MARY POPPINS
THROUGH MAR 10 Journey theatre hosts the heartwarming story and musical of Mary Poppins.

MOVIES OPENING THIS WEEKEND

  • Tyler Perry’s a Madea Family Funeral
  • Greta
  • Apollo 11
  • Climax
  • Furie
  • Transit
  • The Wedding Guest
  • Giant Little Ones
  • Level 16
  • Luka Chuppi
  • Saint Judy
  • The Hole in the Ground
  • Among the Shadows
  • Woman at War
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


Housing Affordability Brings a Wave of New Buyers to the Market

Housing Affordability Brings a Wave of New Buyers to the Market

The interest rate on a 30-year fixed loan fell to its lowest point in a year, fueling a four-point increase of the Housing Market Index and leaving NAR chief economist, Lawrence Yun, to conclude This Week in Real Estate that “existing home sales in January were weak compared to historical norms; however, they are likely to have reached a cyclical low.” Below are a few highlights from the third week of February that influence our business:

Lower Interest Rates, Rising Consumer Confidence Boost Builder Sentiment. Builder confidence in the market for newly built single-family homes rose four points to 62 in February, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The ongoing reduction in mortgage rates in recent weeks coupled with continued strength in the job market are helping to fuel builder sentiment. In the aftermath of the fall slowdown, many builders are reporting positive expectations for the spring selling season. February marked the second consecutive month in which all the HMI indices posted gains. The index measuring current sales conditions rose three points to 67, the component gauging expectations in the next six months increased five points to 68 and the metric charting buyer traffic moved up four points to 48.

NAR: Home Sales “Likely to Have Reached a Cyclical Low.” Existing home sales fell again in January although the decline was a minor one compared to the 6.4 percent drop in December. The National Association of Realtors (NAR) said sales of single-family homes, townhomes, condominiums, and co-ops ticked down 1.2 percent from December’s annual rate of 4.99 million to a seasonally adjusted annual rate of 4.94 million. Lawrence Yun, NAR’s chief economist, acknowledged the sluggish sales, but said he does not expect the numbers to decline further going forward. “Existing home sales in January were weak compared to historical norms; however, they are likely to have reached a cyclical low. Moderating home prices combined with gains in household income will boost housing affordability, bringing more buyers to the market in the coming months.” Yun notes that this median home price growth is the slowest since February 2012 and cautions that the figures do not yet tell the full story for the month of January. “Lower mortgage rates from December 2018 had little impact on January sales, however, the lower rates will inevitably lead to more home sales.”

Mortgage Rates Fall to One Year Low, Setting the Stage for a Sunny Spring Selling Season. Rates for home loans fell to the lowest in over a year as investors remained concerned about economic headwinds, setting up the housing market for a strong spring season. The 30-year fixed-rate mortgage averaged 4.35% in the February 21 week, mortgage guarantor Freddie Mac said Thursday. That was down from 4.37% in the prior week and the lowest since early February 2018. The popular product has eked out a weekly increase only once in 2019.


Fortune Lists Berkshire Hathaway In World’s Most Admired Companies 

Berkshire Hathaway Featured in World’s Most Admired Companies 

 

Berkshire Hathaway has been featured in Fortune’s 2019 World’s Most Admired Companies list. Moving up one spot from 2018, Berkshire Hathaway ranks #3, scoring higher than Walt Disney corporation and Starbucks.

Fortune’s list started with 1,500 candidates worldwide and filters through the largest 1,000 U.S. companies ranked by revenues stretching over $10 billion. Fortune (magazine) stated 3,750 people from executives, analysts, directors, and experts voted on the most respected corporate reputations.

Berkshire Hathaway HomeServices is an independently operated subsidiary of HomeServices of America, a Berkshire Hathaway affiliate. We take pride in our corporate reputation and in placing among the top five of the World’s Most Admired Companies.

 


©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.