Top 2018 Design Trends We’re Thankful For

 

The modern home is always evolving. Here are top 8 design trends we are thankful for in 2018.

A Pop of Color

Adding a pop of color in the kitchen allows for a featured item to be accented in a creative way without spending a lot of money. Try painting your island or lower cabinets a bright color. We’re thankful for this trend bringing a bit of a personal touch to any kitchen.

 

Hidden Appliances

Magic appliances are a new trend catching on to new homebuilders and designers. Homeowners are hiding ‘stainless steel fatigue’ with wood paneling to conceal large appliances. With these eye sores out of view, the space looks and feels larger. Imagine how clean your kitchen would look as you cook a Thanksgiving feast using your disappearing appliances.

 

Curves

A large piece of furniture featuring soft lines, ruffles, and even ruching creates an inviting space while allowing family to gather and fit harmoniously in one space.

 

Wallpaper

Wallpaper has made a big comeback! High-end designers are picking this trend up and embracing it unlike ever before, by creating beautiful statement walls. You won’t see this artsy trend going out of style anytime soon.

 

Dining Rooms with an Open Floor Plan

Create an open floor plan dining room to instill an impactful sense of togetherness that flows through the space from kitchen to table and allows you to spend more time with family.

 

LED Lighting

With a new holiday season comes new advancements in tech gear. We’re thankful for the smart technology featuring LED tape lighting. Place a strip under your kitchen cabinets to illuminate your backsplash, counter tops, or to highlight your favorite kitchen gadgets.

 

Large Tiles

Make a statement with flooring in your bathroom, kitchen, entry-way and more! Play with intricate tile design playing with the lines of the room.

 

Detailed Ceilings

Creative ceiling designs can range from new crown molding, natural wood or stained shiplap, gold leaf detailing, and metallic painted ceilings. Discuss with an interior designer to find out which element would best complement the style of your home.

 

 

Article courtesy of HGTV. com

Images courtesy of Houzz.com


Portland Metro Weekend Planner November 16-18, 2018

 

 

PORTLAND METRO WEEKEND PLANNER
NOVEMBER 16-18, 2018

ARTISANS SHOW & SALE
FRI-SUN – Find the perfect gifts this holiday season while supporting local shops and handiwork at the 39th Annual Heart of the Country Show & Sale.

OLIVE OIL FESTIVAL
FRI-SUN – Enjoy appetizers, and match wine with extra virgin olive oil at the Olio Nuovo Festival.

DINNER SHOW
THROUGH DEC 19 – Watch a Tony Starlight Las Vegas style show with music, comedy, and a dinner.

STEAMPUNK FILMS
SAT – The 8th Annual Steampunk Film Festival incorporates neo-Victorian and retro cinema.

WILD ARTS FESTIVAL
SAT-SUN – Browse from over 70 artists and 30 authors inspired by nature and a silent auction. This event benefits the Audubon Society.

HOOD RIVER TRAIN RIDE
THROUGH DEC 27 – Ride along the Columbia River as you enjoy cocoa, Christmas cookies, and a visit from Santa and his elves!

CHRISTMAS LIGHT TRAIL
THROUGH DEC 31 – Walk down a lighted path of festive trees through the Maddax Woods to the Willamette waterline in a tradition 15 years in the making.

PORTLAND WINTERHAWKS
ONGOING – Catch a Winterhawks game this season!

PORTLAND TRAIL BLAZERS
ONGOING – Enjoy at night at the Moda Center and watch the Portland Trail Blazers.

DISCOVER KING TUT
THROUGH JAN 27 – Take on a once in a lifetime experience viewing the treasures and tomb of famous King Tut at OMSI.

LAKE OSWEGO HOLIDAY MARKETPLACE
THROUGH NOV 29 – The 510 Museum and ARTspace invite you to shop holiday gifts from art, ceramics, jewelry and handmade items.

CELEBRITY BOOK SIGNING
FRI – Head to Powell’s Books at Cedar Hills Crossing to listen to popular actress Sally Field read from her Memoir, In Pieces.

FRIENDSGIVING DINNER
SUN – JoLa Café in Southwest Portland hosts an eight-course Thanksgiving dinner with all the fixin’s. Seasonal cocktails and wine pairings are available as well.

ELLA ENCHANTED
SUN – Newmark Theatre presents the beloved story of Ella Enchanted, an unordinary girl cursed to obey every command. Follow her on her journey to remove the curse forever.

PAWS WITH SANTA CLAUS
SUN-DEC 2 – Don’t let your four-legged family members miss out on photos with Santa! Reserve your photo session today for animal time slots at the Washington Square Mall.

 

VANCOUVER METRO EVENTS

WINTER MARKET
FRI-SAT – Head to the Hello Winter Market with over 30 unique vendors, home décor and furniture, apparel, jewelry and great snacks.

LANTERN TOUR
ONGOING – Take in an evening at Fort Vancouver with a guided lantern tour. Led by a Park Ranger, head through the Counting House, Fur Store, Chief Factor’s Home and the Bake House, as you learn aspects of each working area.

AUTUMN TEA AT THE FARM
THROUGH SAT – The Pomeroy Living History Farm in Yacolt hosts a festive luncheon with three types of sandwiches, soup, four desserts, scones and tea.

HARVEST MARKET
SAT – Downtown Vancouver hosts the Harvest Farmers Market, get fresh produce and artisan gifts for your thanksgiving festivities.

WILD THINGS: THE POWER OF NATURE IN OUR LIVES
THROUGH SEPT 2019 – The Museum of Vancouver and Nature Vancouver present the exhibition Wild Things: The Power of Nature in Our Lives. Dives into life stories of local plants and animals and how they relate to each other and how they connect people to nature in the city.

MOVIES OPENING THIS WEEKEND

  • Bandstand: Broadway
  • Burn The Stage: The Movie
  • Jinn
  • 12 Round Gun
  • At Eternity’s Gate
  • Bali: Beats of Paradise
  • Dead in a Week
  • Fantastic Beasts: The Crimes of Grindelwald
  • Instant Family
  • Johnathan
  • Speed Kills
  • Team Khan
  • Welcome Home
  • Windows

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 Prices and Equity Rise as Affordability Lowers

 

ATTOM Data Solutions reported This Week in Real Estate that the number of equity rich U.S. properties increased to a new high in the third quarter of 2018. Below are a few highlights from the first week of November that influence our business:

Equity Rich U.S. Properties Increase to New High of 14.5 Million in Q3 2018
On Thursday ATTOM Data Solutions released its Q3 2018 U.S. Home Equity & Underwater Report, which shows that in the third quarter of 2018, nearly 14.5 million U.S. properties were equity rich – where the combined estimated amount of loans secured by the property was 50 percent or less of the property’s estimated market value – up by more than 433,000 from a year ago to a new high as far back as data is available, Q4 2013. The 14.5 million equity rich properties in Q3 2018 represented 25.7 percent of all properties with a mortgage, up from 24.9 percent in the previous quarter but down from 26.4 percent in Q3 2017. “West coast markets along with New York have the highest share of equity rich homeowners while markets in the Mississippi Valley and Rust Belt continue to have stubbornly high rates of seriously underwater homeowners when it comes to home equity,” said Daren Blomquist, senior vice president with ATTOM Data Solutions. States with the highest share of equity rich properties were California (42.5 percent); Hawaii (39.4 percent); Washington (35.3 percent); New York (34.9 percent); and Oregon (33.6 percent).

Housing Affordability Edges Lower in the Third Quarter
A modest increase in interest rates and home prices kept housing affordability at a 10-year low in the third quarter of 2018, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). In all, 56.4 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 $71,900. This is down from the 57.1 percent of homes sold in the second quarter that were affordable to median-income earners and the lowest reading since mid-2008. The national median home price edged up from $265,000 in the second quarter of 2018 to $268,000 in the third quarter. This is the highest quarterly median price in the history of the HOI series. At the same time, average mortgage rates rose by a nominal 5 basis points in the third quarter to 4.72 percent from 4.67 percent in the second quarter.

CoreLogic Reports September Home Prices Increased by 5.6% Year Over Year
CoreLogic released on Tuesday the CoreLogic Home Price Index (HPI) and HPI Forecast for September 2018, which shows home prices rose both year over year and month over month. Home prices increased nationally by 5.6 percent year over year from September 2017. On a month-over-month basis, prices increased by 0.4 percent in September 2018. Looking ahead, the CoreLogic HPI Forecast indicates home prices will increase by 4.7 percent on a year-over-year basis from September 2018 to September 2019. On a month-over-month basis, home prices are expected to decrease by 0.6 percent from September to October 2018. The CoreLogic HPI Forecast is a projection of home prices calculated using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state.

 


Portland Metro Weekend Events Planner November 9-11, 2018

 

PORTLAND METRO WEEKEND PLANNER
NOVEMBER 9-11, 2018

WINE WEEKEND IN THE GORGE
FRI-SUN – Join in celebration of the end of harvest season with and raise a glass with local wineries, enjoy hors d’oeuvres, and a commemorative wine glass.

HOLIDAY GIFT SHOW
THROUGH SUN – Browse from over 300 exhibitors selling everything from clothing, toys, food, and more at the Oregon Convention Center.

SCIENCE-FICTION CONVENTION
FRI-SUN – Have the chance to meet authors from all things Sci-fi and fantasy as you attend panels and workshops at OryCon.

SEASIDE WINE TASTING
SAT – Tickets to Seaside Downtown Fall Wine Walk gives you access to taste from 20 participating wineries while strolling through downtown Seaside.

VETERANS PARADE
THROUGH NOV 12Fort Vancouver hosts Veteran’s Day Parade and Portland hosts theirs on Monday. Checkout their websites for more information.

PORTLAND BOOK FESTIVAL
SAT – Head to Wordstock with incredible authors and events. Don’t miss author appearances and celebrities like Tom Hanks and Abbi Jacobson.

THE SHAPE OF THINGS
THROUGH NOV 17 – Headwaters Theatre presents Neil LaBute’s dark romantic comedy about four young students living in a small Midwestern college town.

PORTLAND WINTERHAWKS
ONGOING – Catch a Winterhawks game this season!

PORTLAND TRAIL BLAZERS
ONGOING – Enjoy at night at the Moda Center and watch the Portland Trail Blazers.

DISCOVER KING TUT
THROUGH JAN 27 – Take on a once in a lifetime experience viewing the treasures and tomb of famous King Tut at OMSI.

LAKE OSWEGO HOLIDAY MARKETPLACE
THROUGH NOV 29 – The 510 Museum and ARTspace invite you to shop holiday gifts from art, ceramics, jewelry and handmade items.

HOLIDAY CRAFT BAZAAR
SAT – Shop handmade gifts for pets and people, join the silent auction and enter to win raffle prizes. Proceeds benefit the House of Dreams and their mission to provide care and shelter to homeless cats.

OPEN MIC COMEDY
SUN – Watch an early open mic show every Sunday at Kelly’s Olympian.

OMSI AFTER DARK
FRI – Head to OMSI for a night out without the kids. This theme is Corklandia, taste local wines and cuisine.

VANCOUVER METRO EVENTS

DAY OF THE DEAD
SUN – Celebrate Dia de los Muertos at the Vancouver Community Library with traditional dancing and more!

LANTERN TOUR
ONGOING – Take in an evening at Fort Vancouver with a guided lantern tour. Led by a Park Ranger, head through the Counting House, Fur Store, Chief Factor’s Home and the Bake House, as you learn aspects of each working area.

VANCOUVER GAME NIGHT
FRI – Join game night hosted every 2nd Friday of each month. Bring a friend and enjoy pizza, snacks and drinks!

WILD THINGS: THE POWER OF NATURE IN OUR LIVES
THROUGH SEPT 2019 – The Museum of Vancouver and Nature Vancouver present the exhibition Wild Things: The Power of Nature in Our Lives. Dives into life stories of local plants and animals and how they relate to each other and how they connect people to nature in the city.

MOVIES OPENING THIS WEEKEND

  • Dr. Seuss’ The Grinch
  • Overlord
  • The Girl in the Spider’s Web
  • Here and Now
  • Beautiful Boy
  • El Angel
  • Thugs of Hindostan
  • Can You Ever Forgive Me?
  • The Price of Everything
  • A Fistful of Dollars

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

 


2019 Housing Forecasting and Millennial Homeownership

2019 Forecasting and Millennial Homeownership

National Association of Realtors chief economist Lawrence Yun presented his 2019 forecast This Week in Real Estate at NAR’s annual conference in Boston. Mr. Yun estimates there will be 5.345 million home sales in 2018, down 3% from last year, and will increase to 5.4 million sales in 2019, a 1% increase. Additionally, Mr. Yun expects median home prices to increase 3.1% in 2019 and 2.6% growth in 2020. Below are a few highlights from the final week of October that influence our business:

2019 Forecast: Existing Home Sales to Stabilize and Price Growth to Continue
Consumers should expect home sales to flatten and home prices to continue to increase, though at a slower pace, according to a residential housing and economic forecast session at NAR’s 2018 Realtors Conference & Expo. “2017 was the best year for home sales in ten years, and 2018 is only down 1.5 percent year to date. Statistically, it is a mild twinge in the data and a very mild adjustment compared to the long-term growth we’ve been experiencing over the past few years. The current market conditions are fundamentally different than what we were experiencing before the recession 10 years ago,” said NAR chief economist Lawrence Yun. “Most states are reporting stable or strong market conditions, housing starts are under-producing instead of over-producing and we are seeing historically low foreclosure levels, indicating that people are living within their means and not purchasing homes they cannot afford. This is a stronger, more stable market compared to the loosely regulated market leading up to the bust.” With a few months of data remaining in 2018, Yun estimates that existing-home sales will finish at a pace of 5.345 million—a decrease from 2017 (5.51 million). In 2019, sales are forecasted to increase to 5.4 million, a 1 percent increase. The national median existing-home price is expected to rise to around $266,800 in 2019 (up 3.1 percent from 2018 this year and $274,000 in 2020. “Home price appreciation will slow down – the days of easy price gains are coming to an end – but prices will continue to rise.”

Construction Spending Holds Ground
The U.S. Census Bureau of the Department of Commerce announced that construction spending during September 2018 was estimated at a seasonally adjusted annual rate of $1.330 trillion, about the same as the revised August estimate of $1.329 trillion. Notably, September’s spending is 7.2% above the September 2017 estimate of $1.24 trillion. Of that, residential construction spending was at a seasonally adjusted annual rate of $556.4 billion in September, 0.6% above the revised August estimate of $553 billion. NAHB Chairman Randy Noel said despite rising affordability concerns, builders continue to report firm demand for housing, especially as Millennials and other newcomers enter the market. “The recent decline in lumber prices from record-high levels earlier this summer is also welcome relief, although builders still need to manage construction costs to keep homes competitively priced,” Noel stated.

Millennial Homeownership Rate Rises to 37%
According to the Census Bureau’s Housing Vacancy Survey (HVS), the U.S. homeownership rate was 64.4% in the third quarter of 2018, which is not statistically different from its last quarter reading. The national homeownership rate demonstrated stability during a quarter in which housing markets softened due to declining affordability conditions. This follows the rate dropping to a cycle low of 62.9% in the second quarter 2016. Compared to the peak of 69.2% in 2004, however, the homeownership rate is still lower by almost five percentage points. The count of total households, however, increased to 121 million in the third quarter of 2018 from 119 million a year ago. Newly-gained households are predominantly owner households, while renter households only increased by 60,000. The homeownership rates among all age groups under 64 increased over the last year. Millennial households, mostly first-time homebuyers, registered the largest gains among all households, a 1.2 percentage point increase from a year ago. Millennials are gradually returning to the for-sale housing market, where gains in home price are slowing down. The homeownership rates of households ages 45-54 and 55-64 experienced a 0.8 percentage point increase.

 

 


Portland Metro Weekend Planner: November 2-4, 2018

 

PORTLAND METRO WEEKEND PLANNER
NOVEMBER 2-4, 2018

WINTER SPORTS SALE
THROUGH SUN – Get ready to shred this season with one of the biggest Ski and Snowboard sales of the year at the Portland Expo Center.

LAKE OSWEGO HOLIDAY MARKETPLACE
THROUGH NOV 29 – The 510 Museum and ARTspace host the Holiday Marketplace with local artists, wood, ceramics, jewelry, and handmade gifts.

NITEMARE B4 XMAS
THROUGH NOV 4 – The troupe Saloon Ensemble performs in celebration of Day of the Dead, with sing-alongs, costume contest, and more!

YOUNG FILMMAKERS FESTIVAL
SAT – Short films playing by local Pacific Northwest teens at the Portland Art Museum.

WINES OF FRANCE
SAT – Head to the Taste of France in Lake Oswego to listen to music, enjoy small bites and sample some of Frances’ most prestigious wines.

SAUSAGE & SAUERKRAUT
SAT – Indulge in locally made sausage at the 84th Annual Verboort Sausage dinner.

GLUTEN FREE EXPO
SAT-SUN – Head to the Gluten-Free and Food Allergy Festival to taste new and local products. Dairy and nut free options will also be showcased.

PORTLAND WINTERHAWKS
ONGOING – Catch a Winterhawks game this season!

PORTLAND TRAIL BLAZERS
ONGOING – Enjoy at night at the Moda Center and watch the Portland Trail Blazers.

DAY OF THE DEAD FESTIVAL
FRI – Celebrate Dia de Muertos, enjoy tamales, arts and crafts, live performances and learning cultural traditions.

PORTLAND ARCHITECTURE AWARDS
FRI – Join the annual celebration for Portland community design with live funk and soul music.

PINTS FOR PREEMIES
FRI – Support the Northwest Mothers Milk Bank and Evie’s Fund to help infants with medical needs. This fundraiser offers brews, cornhole tournament, silent auction, delicious food, and more!

DISCOVER KING TUT
THROUGH JAN 27 – Take on a once in a lifetime experience viewing the treasures and tomb of famous King Tut at OMSI.

VANCOUVER METRO EVENTS

LARGEST GARAGE & VINTAGE SALE
SAT – Head to the NW’s Largest Garage and Vintage Sale in Ridgefield. Shop hundreds of sales in one location!

LANTERN TOUR
ONGOING – Take in an evening at Fort Vancouver with a guided lantern tour. Led by a Park Ranger, head through the Counting House, Fur Store, Chief Factor’s Home and the Bake House, as you learn aspects of each working area.

VANCOUVER NIGHT MARKET
FRI – Shop local at the Vancouver Night Market. View locally crafted art and enjoy food.

WILD THINGS: THE POWER OF NATURE IN OUR LIVES
THROUGH SEPT 2019 – The Museum of Vancouver and Nature Vancouver present the exhibition Wild Things: The Power of Nature in Our Lives. Dives into life stories of local plants and animals and how they relate to each other and how they connect people to nature in the city.

MOVIES OPENING THIS WEEKEND

  • Bohemian Rhapsody
  • The Nutcracker and the Four
  • Nobody’s Fool
  • Beautiful Boy
  • Boy Erased
  • In Harm’s Way
  • A Private War
  • In Search of Greatness
  • Maria by Callas
  • Bodied
  • Rampant
  • Searching For Ingmar Bergman

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 Market Gains in the 3rd Quarter

 

Housing Market Gains in the 3rd Quarter

Despite the slowdown in the rate of home price appreciation as reported by ATTOM Data Solutions This Week in Real Estate, homeowners who sold in Q3 2018 realized the highest average price gain since Q2 2007. Below are a few highlights from the fourth week of October that influence our business:

Pending Home Sales Stabilize

Pending home sales increased in September but have decreased on an annual basis for nine consecutive months. The Pending Home Sale Index increased 0.5% in September but remains down 1.0% year-over-year. The Pending Home Sales Index (PHSI) is a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR). The PHSI increased to 104.6 in September, from 104.1 in August. The PHSI increased 4.5% in the West and 1.2% in the Midwest but decreased 0.4% in the Northeast and 1.4% in the South. Year-over-year, the PHSI increased 3.3% in the South, but declined 1.1% in the Midwest, 2.7% in the Northeast and 7.4% in the West. 

U.S. Median Home Price Increases 4.8% in Q3 2018, Slowest Rate of Annual Appreciation Since Q2 2016

ATTOM Data Solutions released its Q3 2018 U.S. Home Sales Report on Thursday which shows that U.S. single family homes and condos sold for a median price of $256,000 in the third quarter, up 1.0 percent from the previous quarter and up 4.8 percent from a year ago – the slowest pace of annual home price appreciation since Q2 2016. “The continued slowdown in the rate of home price appreciation nationwide and in many local markets is a rational response to worsening home affordability – which has deteriorated at an accelerated pace this year due to rising mortgage rates,” said Daren Blomquist, senior vice president at ATTOM Data Solutions. “Markets not experiencing this price appreciation cool down may have more of an affordability cushion to work with, but some are in danger of overheating if home price gains continue to run hot.”

“I think the key factor underpinning the decelerating price appreciation is the impact of rising rates on the monthly payment,” said Tendayi Kapfidze, chief economist at mortgage marketplace Lending Tree. “Absent financing structures that allow a borrower to increase leverage while mitigating an increase in the monthly debt service, buying power is decreasing across the board. “This especially affects the marginal buyer who doesn’t have a lot of wiggle room,” Kapfidze added. “And if you remember your econ 101, the marginal buyer transacts at the market clearing price. So, while there is still strong demand, some potential buyers are falling out of the market and others are moving down in price with the aggregate effect being a moderation in price appreciation.”

Homeowners who sold in Q3 2018 sold for an average of $61,232 more than their original purchase price, the highest average home seller price gain since Q2 2007. The $61,232 average home seller price gain in Q3 2018 represented an average 32.3 percent return on the original purchase price, up from an average 31.6 percent return in the previous quarter and up from an average 31.4 percent return in Q3 2017. Among 156 metropolitan statistical areas analyzed for average home seller gains, those with the highest average home seller percentage gains were San Jose, California (108.7 percent gain); San Francisco, California (77.3 percent gain); Seattle, Washington (69.8 percent gain); Santa Rose, California (67.9 percent gain); and Salem, Oregon (63.4 percent gain). Along with San Jose, San Francisco and Seattle, other metro areas with a population of at least 1 million and average home seller percentage gains of more than 55 percent were Portland, Oregon (59.6 percent gain); Boston, Massachusetts (58.1 percent gain); Los Angeles, California (58.0 percent gain); Nashville, Tennessee (56.5 percent gain); and Salt Lake City, Utah (56.5 percent gain).

Homeowners Are Staying Put Longer Than Ever Before

Homeowners are staying in place longer than ever before, despite the growing amount of equity in their homes. A new report from First American – a provider of title insurance, settlement services and risk solutions for real estate transactions – reveals that the median tenure for homeownership has jumped to 10 years, up 10% from last year. By comparison, the median tenure in the pre-crash days of 2007 was four years, and in the aftermath of the market’s meltdown – when many homeowners couldn’t move because they were underwater on their properties – the median tenure was seven years. “There is less incentive to sell your home if borrowing the same amount from the bank at today’s rates will be more expensive than your existing monthly mortgage payment,” said Fleming. “As rates rise, many existing homeowners are increasingly financially imprisoned in their own home by their historically low mortgage rate.” But, home prices have recovered over the last decade, Fleming points out, meaning that many homeowners have accumulated enough equity to sell their homes at a profit.

 

 


Portland Metro Weekend Planner: October 26-28, 2018

 

PORTLAND METRO WEEKEND PLANNER
OCTOBER 26-28, 2018

FRIGHT NIGHT
FRI-SUN – Watch a Halloween Circus, goblins swing from up high, dancing skeletons and live music by Fever at the Alberta Rose Theatre.

ANTIQUE AND COLLECTIBLES SHOW
THROUGH SUN – Head to America’s largest Antique and Collectible show with historic and vintage items. Bring your items in for appraisal by professionals.

HALLOWEEN TRAIL
THROUGH OCT 30 – Walk through this family friendly Halloween castle with a tunnel, bridge and a maze at the Wenzel family farm.

HOWLOWEEN AT THE ZOO
THROUGH SUN – Bring the kids for the fun scavenger hunt, prizes and more at the Oregon Zoo.

RUN FOR BEER
THROUGH NOV 3 – Fun running series along park trails with live entertainment and a celebratory drink at the Oregon Brewery Running Series.

THE 13TH DOOR
THROUGH NOV 3 – Creep through the oldest Halloween attraction in Portland as actors and creepy creatures haunt guests.

FEARLANDIA
THROUGH OCT 31 – View two attractions at Tigard’s haunted house! Sunday offers “not so scary” tours.

NOT SO SCARY HALLOWEEN
THROUGH OCT 31 – Bring the kids to the Portland Children’s Museum for crafts and entertainment! Dress up for a costume contest and dance to 80s hits while enjoying treats without tricks.

KILLER PUMPKIN FESTIVAL
SAT – Rogue Ales & Spirits celebrates the Annual Gourd Celebration fundraiser for Camp Ukandu, an organization bringing hope and joy to children with Cancer. The event offers pumpkin picking, smashing, bowling, pumpkin beer and more!

80s VIDEO DANCE
FRI – Halloween party featuring the best of the 80s at the Crystal Ballroom. Dress in your scary best for the costume contest and prizes.

BOLLYWOOD HALLOWEEN
SAT – Two Bollywood costume parties, one features a Horror party and the other a Thriller party, both with a live DJ.

FRENCH CLASSICAL MUSIC
FRI-SAT – The Portland Baroque Orchestra playing the flute, cello, gamba and harpsichord in Telemann in Paris, a French Classical concert.

USED BOOK SALE
FRI – The Fall Used Book Sale hosts over a thousand books and videos for purchase. You can also purchase sheet music, comics, and maps.

HAUNTED HOUSES
THROUGH OCT 31 – Don’t miss haunted houses all over the city! Stop by the Fear Asylum in Milwaukie, Milburn’s Haunted Manor in Hubbard, and the House of Shadows in Gresham.

DREAMGIRLS
THROUGH SUN – Watch the beloved Motown musical Dreamgirls, a rags to riches story with phenomenal music.

VANCOUVER METRO EVENTS

NIGHTMARES ON ELK ST.
THROUGH SUN – Only the brave are welcome to visit a haunted attraction hosted by the Vancouver Elks.

MASQUERADE GALA
SAT Dark times Gala features a masquerade with spooky theatrical performances.

CEDAR CREEK MILL APPLE CIDER PRESSING
SAT – Step back through time while listening to a live bluegrass jam as 10,000lbs of apples get pressed into cider.

COUNTY SCAREGROUNDS
THROUGH NOV 3 – Clark County Scaregrounds holds three haunted houses, carnival rides, and more on the 170-acre campus in Ridgefield.

LANTERN TOUR
ONGOING – Take in an evening at Fort Vancouver with a guided lantern tour. Led by a Park Ranger, head through the Counting House, Fur Store, Chief Factor’s Home and the Bake House, as you learn aspects of each working area.

VANCOUVER FARMERS MARKET
THROUGH SUN – The Downtown Market is home to over 250 vendors with fresh and local produce, flowers, plants, baked goods, delicious food, pet treats, and accessories for yourself, home, or garden.

WILD THINGS: THE POWER OF NATURE IN OUR LIVES
THROUGH SEPT 2019 – The Museum of Vancouver and Nature Vancouver present the exhibition Wild Things: The Power of Nature in Our Lives. Dives into life stories of local plants and animals and how they relate to each other and how they connect people to nature in the city.

MOVIES OPENING THIS WEEKEND

  • Burning
  • Border
  • Don’t Go
  • Hunter Killer
  • Indivisible
  • Johnny English: Strikes Again
  • London Fields
  • Mid 90s
  • Killer Kate
  • Solice
  • Silencio
  • The School
  • Viper Club

 

Click here for movie times and theaters.

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

www.events12.com/portland

www.bhhsnw.com


September’s Top Effects on the Housing Market

 

September’s Top Effects on the Housing Market

While the total number of sales is softer this year compared to last year, builder confidence remains strong according to the most recent National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released This Week in Real Estate. The West enjoys the highest regional HMI score of 74 as well as the largest year-over-year increase in single family construction starts at 14.6%. Below are a few highlights from the third week of October that influence our business:

Builder Confidence Rises One Point in October, Remains at Summer Levels
Builder confidence in the market for newly-built single-family homes rose one point to 68 in October on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Builder confidence levels have held in the high 60s since June. Builders continue to view solid housing demand, fueled by a growing economy and a nearly 50-year low for unemployment. Lumber price declines for three straight months from elevated levels earlier this summer have also helped to reduce some cost pressures, but builders will need to manage supply-side costs to keep home prices affordable. Looking at the three-month moving averages for regional HMI scores, the Northeast rose three points to 57 and the South edged up one point to 71. The West held steady at 74 and the Midwest fell two points to 57.

Existing-Home Sales Decline Across the Country in September
Existing-home sales declined in September after a month of stagnation in August, according to the National Association of Realtors®. All four major regions saw no gain in sales activity last month. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 3.4 percent from August to a seasonally adjusted rate of 5.15 million in September. Sales are now down 4.1 percent from a year ago (5.37 million in September 2017). First-time buyers were responsible for 32 percent of sales in September, up from last month (31 percent) and a year ago (29 percent). All-cash sales accounted for 21 percent of transactions in September, up from August and a year ago (both 20 percent). Single-family home sales were at a seasonally adjusted annual rate of 4.58 million in September, down from 4.74 million in August, and are 4.0 percent below the 4.77 million sales pace from a year ago. Existing-home sales in the West fell 3.6 percent to an annual rate of 1.08 million in September, 12.2 percent below a year ago.

Single-Family Starts Flat in September
Total housing starts posted a decline in September due to flat conditions for single-family construction and a pullback for apartment development. Total starts declined 5.3% in September but are 6.4% higher for 2018 on a year-to-date basis, according to the joint data release from the Census Bureau and HUD. The pace of single-family starts was roughly flat in September, decreasing 0.9% to a seasonally adjusted annual rate of 871,000. Slight gains off the summer soft patch for single-family mirror a minor uptick of the NAHB/Wells Fargo Housing Market Index, now registering a score of 68. While builders are benefitting from recent declines in lumber prices (at least relative to spring and summer’s elevated levels), they continue to report concerns about labor access issues. On a year-to-date basis, single-family starts are 6% higher as of September relative to the first nine months of 2017. Single-family permits, a useful indicator of future construction activity, were up slightly (2.9%) in September and have registered a 5.6% gain thus far in 2018 compared to last year. With respect to housing’s economic impact, 54% of homes under construction in September were multifamily (607,000). The current count of apartments under construction is down slightly from a year ago. In September, there were 522,000 single-family units under construction, a gain of more than 9% from this time in 2017. Regional data show – on a year-to-date basis – mixed conditions. Single-family construction is down 1% for the year in the Midwest and flat in the Northeast. Single-family starts are up in the larger building regions of the South (4.9%) and the West (14.6%).

 

 


Portland Metro Weekend Planner: October 19-21, 2018

 

PORTLAND METRO WEEKEND PLANNER
OCTOBER 19-21, 2018

APPLE TASTING
THROUGH SUN – Taste from a variety of over 60 kinds of pears and apples. Learn how to make cider, listen to live music, and enjoy the kids area at the Portland Nursery.

DANCE FILM FEST
THROUGH SUN – Head to the opening night celebration of dance, take how-to classes, and watch a panel discussion.

PORTLAND VEGETARIAN FEST
SAT-SUN Veg Fest is Oregon’s premier plant-based food and lifestyle event. Learn about plant-based living, enjoy free samples, learn from fitness experts, chef demos and more!

HALLOWEEN TRAIL
THROUGH OCT 30 – Walk through this family friendly Halloween castle with a tunnel, bridge and a maze at the Wenzel family farm.

FRUIT SHOW
SAT-SUN – Taste test hundreds of varieties of your favorite fruits at the All About Fruit Show.

HOWLOWEEN AT THE ZOO
THROUGH OCT 28 – Bring the kids for the fun scavenger hunt, prizes and more at the Oregon Zoo.

RUN FOR BEER
THROUGH NOV 3 – Fun run along park trails with live entertainment and a celebratory drink at the Oregon Brewery Running Series.

THE 13TH DOOR
THROUGH NOV 3 – Creep through the oldest Halloween attraction in Portland as actors and creepy creatures haunt guests.

FEARLANDIA
THROUGH OCT 31 – View two attractions at Tigard’s haunted house! Sunday offers “not so scary tours.

LOST TREASURES COLLECTION SERIES
FRI-SUN – The Lost Treasures Collection, a series of rarely performed musical theatre productions, opens its ninth season at Lakewood Theatre Company with its production, On A Clear Day You Can See Forever, in three performances: Friday, October 19 at 7:00 PM and Saturday, October at 2:00 PM and 7:00 PM. On A Clear Day… is a musical from 1965 with book and lyrics by Alan Jay Lerner (Brigadoon, My Fair Lady) and music by Burton Lane (Finian’s Rainbow). This staged reading production is directed by NW acclaimed director Ron Daum and performed with stars of the local stage including, Alan Anderson and Corey Brunish. Light food fare, beer, wine and other beverages are available for purchase before and during the show.

PUMPKIN REGATTA FESTIVAL
SAT – Cheer on floating oversized pumpkins at the West Coast Giant Pumpkin Regatta. Dress up for the costume contest, pumpkin race, carving and more!

PORTLAND OPEN STUDIOS
THROUGH OCT 21 – Tour work from 100 Portland artists while learning about techniques and use of space.

HAUNTED HOUSES
THROUGH OCT 31 – Don’t miss haunted houses all over the city! Stop by the Fear Asylum in Milwaukie, Milburn’s Haunted Manor in Hubbard, and the House of Shadows in Gresham.

DREAMGIRLS
THROUGH OCT 28 – Watch the beloved Motown musical Dreamgirls, a rags to riches story with phenomenal music.

VANCOUVER METRO EVENTS

NIGHTMARES ON ELK ST.
THROUGH OCT 28 – Only the brave are welcome to visit a haunted attraction hosted by the Vancouver Elks.

COUNTY SCAREGROUNDS
THROUGH NOV 3 – Clark County Scaregrounds holds three haunted houses, carnival rides, and more on the 170-acre campus in Ridgefield.  

LANTERN TOUR
ONGOING – Take in an evening at Fort Vancouver with a guided lantern tour. Led by a Park Ranger, head through the Counting House, Fur Store, Chief Factor’s Home and the Bake House, as you learn aspects of each working area.

ZOMBIE BREWFEST
FRI – Taste Doomsday Brews dressed as a zombie! Win prizes from the costume contest, enjoy live music, and visit with Rojo the llama.

VANCOUVER FARMERS MARKET
THROUGH OCT 28 – The Downtown Market is home to over 250 vendors with fresh and local produce, flowers, plants, baked goods, delicious food, pet treats, and accessories for yourself, home, or garden.

WILD THINGS: THE POWER OF NATURE IN OUR LIVES
THROUGH SEPT 2019 – The Museum of Vancouver and Nature Vancouver present the exhibition Wild Things: The Power of Nature in Our Lives. Dives into life stories of local plants and animals and how they relate to each other and how they connect people to nature in the city.

MOVIES OPENING THIS WEEKEND

  • The Advocates
  • Can You Ever Forgive Me?
  • The Guilty
  • Change in the Air
  • Galveston
  • Halloween
  • High Voltage
  • Nigerian Prince
  • Viral Beauty
  • What They Had
  • Wildlife
  • Apollo 13

Click here for movie times and theaters.

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

www.events12.com/portland

www.bhhsnw.com


©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.