Portland Metro Weekend Event Planner: June 24-26, 2016

hot air on field
PORTLAND METRO EVENTS WEEKEND PLANNER
FOR JUNE 24-26, 2016

FESTIVAL OF BALLOONS
FRI-SUN  Get down to Cook Park early each morning to experience the spectacular hot air balloons as they launch (weather permitting) and dot the morning sky. Spend the afternoon shopping at the craft and business vendor booths.

OREGON BACH FESTIVAL
Through July 10th  The internationally-renowned Oregon Bach Festival (OBF) announces its 47th season of world-class concerts and musicians. 2016 promises a summer of familiar favorites, new works, and a reinvigorated love for the Festival’s eponymous composer, Johann Sebastian Bach.

INTERNATIONAL BEERFEST
FRI-SUN  3-day beer festival specializing in rare, hard-to-find, exotic beers. Over 200 world-class beers from 16 countries will be on hand, hailing from all over the planet, many from right here in the Pacific NW. Stroll around the beautiful park with a cold one as you listen to music play all weekend.

WORLD NAKED BIKE RIDE
SAT  Annual, worldwide bike ride that highlights the vulnerability of cyclists everywhere and decries society’s dependence on pollution-based transport. It’s also a lot of fun and it’s free for all!

JEWISH FILM FESTIVAL
Through June 29th  24th annual Portland Jewish Film Festival, produced by the Northwest Film Center and co-presented with the Institute for Judaic Studies. While the Festival specifically celebrates the diversity of Jewish history, culture, and identity, we hope that these films, and the stories they tell, resonate beyond their settings and speak to universal experiences and issues that confront our common humanity.

DEEPWOOD WINE & JAZZ FEST
SAT  Come enjoy wine and food from renowned local wineries and restaurants, all set in the beautiful historic gardens of Deepwood. Tap your toes to the swinging rhythms of Gail Gage Jazz and groove with the smooth sounds of Island Jazz Quintet.

BEACH BASH
SAT-SUN  More than your regular windsurfing festival, live music, shop for gear, see demos & races. While in the Gorge check out the Blues Fest across the river.

MILK CARTON BOAT RACE
SUN  Children and adults race and show off their handmade, human powered boats that float only by means of recycled milk cartons and jugs. Creatively constructed watercraft will compete in seven categories, with one earning a place in history upon the coveted Best in Show milk can trophy.

PORTLAND SATURDAY MARKET

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

DUELING PIANO SHOW

Every FRI & SAT  Since 2010, The Barrel Room lays claim to the longest running dueling piano show in Portland.

URBAN SCAVENGER HUNT

ALL MONTH  Smart phone 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.

GUIDED NATURE HIKES

EVERY DAY  Park guides lead nature hikes to explore the forest, stream ecosystems and natural history of the natural area. Tryon Creek State Park & more

PORTLAND ESCAPE ROOMS

ALL MONTH THURS-SUN  Cedar Hills/Beaverton Locations: Real-life room escape games are a type of physical adventure game in which people are locked in a room with other participants and have to use elements of the room to solve a series of puzzles, find clues, and escape the room within a set time limit. Discount tickets.

HAUNTED PUB TOUR

ALL MONTH  This spine-tingling ghost tour explores Portland’s historic Old Town District, a vibrant area with beautiful 1800’s buildings, cobblestone streets and a wicked past.

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.

GEEKS WHO DRINK PUB QUIZ

ALL MONTH  Anyone can grab a deck of Trivial Pursuit cards and run a “trivia night.” Geeks Who Drink’s smartass quizmasters run fast-paced, interactive and beer-soaked pub quiz events all over Portland.

VANCOUVER METRO EVENTS

RECYCLED ARTS FESTIVAL
SAT-SUN  Educating and get the community excited about waste reduction, reuse and recycling in Clark County for the past 10 years.  Come on out and peruse the artists’ wares, help your kids make their own handiwork, relax and listen to music, and get all sorts of info on what you can do to improve the environment!

GORGE BLUES FESTIVAL
FRI-SAT  Continuing the tradition of unforgettable scenery, monumental riffs, friends, and fabulous fare, Gorge Blues and Brews defied weather forecasts, and revelers enjoyed a sunny afternoon.

FARMER’S MARKET

SAT-SUN (through OCT 30)  Vancouver’s Farmer’s Market. Over 250 vendors with fresh and local produce, flowers, plants, baked goods and much more!

OPEN SATURDAY AT PEARSON AIRBASE

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

·         Free State of Jones
·         Independence Day: Resurgence
·         The Shallows
·         Septembers of Shiraz
·         The Daughter
·         The Duel

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: June 20, 2016

image001

As we continue to face headwinds related to available inventory, there was favorable news This Week in Real Estate with respect to builder confidence, housing starts and permit issuance. Below are a few highlights from the second full week of June that influences our business:

* Builder Confidence Rises in June. After holding steady for the past four months, builder confidence in the market for newly constructed single-family homes rose two points in June to a level of 60 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This marks the highest reading since January 2016. Derived from a monthly survey that NAHB has been conducting for 30 years, the NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as “good,” “fair” or “poor.” Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good than poor. All three HMI components posted gains in June. The component gauging current sales conditions rose one point to 64, the index charting sales expectations in the next six months increased five points to 70, and the component measuring buyer traffic climbed three points to 47. The West rose one point to 68.
Full Story… http://eyeonhousing.org/2016/06/builder-confidence-rises-in-june/

* Housing Production Holds Steady in May. Nationwide housing starts were virtually unchanged in May, inching down 0.3 percent to a seasonally adjusted annual rate of 1.16 million, according to a newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Overall permit issuance edged up 0.7 percent to a seasonally adjusted annual rate of 1.14 million. “Builder confidence rose this month and single-family housing starts are up roughly 10 percent from a year ago – two indicators that we can expect further growth in housing production this year,” said NAHB Chief Economist Robert Dietz. “However, builders continue to face supply-side constraints, such as shortages of buildable lots and labor.” Single-family housing starts inched up 0.3 percent to a seasonally adjusted annual rate of 764,000 units in May while multifamily production edged down 1.2 percent to 400,000 units. Combined single-family and multifamily starts were up 14.4 percent in the West and permit issuance increased 15.3 percent in the West.
Full Story… http://www.nahb.org/en/news-and-publications/press-releases/2016/06/housing-production-holds-steady-in-may.aspx

* U.S. Foreclosure Activity Down Less Than 1 Percent in May. There were a total of 100,841 properties with foreclosure filings in May, virtually unchanged from previous month and down 21 percent from a year ago – the eighth consecutive month with a year-over-year decrease, according to data released today by RealtyTrac. A total of 42,279 properties started the foreclosure process in May, down 3 percent from the previous month and down 18 percent from a year ago – the 11th consecutive month with a year-over-year decrease. A total of 34,014 bank repossessions (REO), up 1 percent from the previous month but still down 24 percent from a year ago – the third consecutive month with a year-over-year decrease.
Full Story… http://www.realtytrac.com/news/foreclosure-trends/may-2016-foreclosure-activity/

Have a productive week!
Jason
 

Last day to enter for a chance to win $50,000 to update your home!

BHHSNWEnterToWinGraphic

 

The Love Your Home Sweepstakes is wrapping up! Entries will still be accepted through tomorrow—Friday, June 17th, 2016.

Enter for your chance to win $50,000 from Berkshire Hathaway HomeServices to update your home so you can Love It or List It!

We are partnering with HGTV hosts David Visentin & Hilary Farr of the HGTV show Love It or List It to give away this $50,000 grand prize and 12 weekly prizes of $2,500!

Enter to win at www.LoveYourHomeSweeps.com through June 17, 2016 at 5PM EST. No purchase necessary. 

enter-now-button


Open to legal residents of the 50 United States and D.C., must be 21 years or older. To enter and for complete details and odds, visit www.LoveYourHomeSweeps.com. Click Here for Official Rules and details about earning bonus entries through Facebook sharing.


Meet the newest additions to Berkshire Hathaway HomeServices Northwest Real Estate

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

Caleb Maier – Bend

Derek Oliver – East Portland

Eileen Rendon – Clark County Northwest

Mike Cormack – Sandy

Eric Nelson – West Portland

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


10 Tips to Add Yard Privacy

OutdoorPrivacy_June2016

 

Privacy is at a premium these days, and it is not just about prying eyes invading your space—you may want to shield your own view of your sunbathing neighbors and block out their chatter.

Here are 10 tips to add more privacy to your yard:

fence
Raised Beds

Give your favorite plants better view-blocking power by growing them in raised beds or berms. It puts medium-size plants at eye level.

Create a Secluded Corner Pocket
Take one corner of your yard and transform it into a secluded getaway. A simple way to do this is to carefully place a couple of trees to form a pocket.

Use Lattice
Do you feel a little claustrophobic at the thought of fencing your yard? Try lattice. It’s an ideal way to add privacy and enclosure without closing off your yard too much.

Look for Interesting Materials
Build a fence from out-of-the-ordinary materials or decorate a fence with architectural detailing.

Plant a Tree
A single tree can be an effective and inexpensive way to block a view. It shields the yard and creates a focal point.

Use a Hedge
Enjoy a wall of green by planting a hedge. Look for evergreen varieties to provide year-round screening or try types that lose their leaves in winter but make up for it by putting on a show with attractive flowers or a blaze of fall color.

Reach Up
Vines are like the swiss army knife of the gardening world—there are so many ways you can use them. Plant a climber to cover a fence, dress up a wall, over a pergola, or travel wires to create a screen in any direction.

Use Containers
Big, bold container gardens are ideal for creating privacy, especially if you have a small space such as a deck or patio. You can find containers and plants to fit any landscape style.

Decorate a Fence
Let’s be honest: Fences can look dull and cold. But they’re easy to dress up with a border of easy-care annuals, perennials, or shrubs. And extra-tall perennials that rise above the fence provide additional screening.

Keep It Simple
There’s no rule saying a fence has to run the length or perimeter of your yard. Put a panel or two just where you need it. It’s a great way to save money.

feef

 


Portland Metro Weekend Event Planner: June 16-19, 2016

Happy Fathers Day blocks with tools on a rustic wood background
PORTLAND METRO EVENTS WEEKEND PLANNER
FOR JUNE 17-19, 2016

 

OREGON RENAISSANCE FAIRE
SAT-SUN  Explore the streets of The Vale of Dunrose, ripe with merchants offering handcrafted goods and tasty treats. Discover garments to adorn any peasant or visiting royalty; find trinkets in all shapes and sizes to please each of your family member’s fancy. Sing a shanty with a pirate or watch the joust while enjoying mead, ale, or cider with our ale wenches at The Cat and Fiddle pub!

CIDER SUMMIT PORTLAND
FRI-SAT  6th annual Cider Summit Portland, featuring over 150 ciders including regional favorites and international classics.

STRAWBERRY FESTIVAL
FRI-SUN  Enjoy delicious Strawberry Festival food and tons of fun for all ages, hayrides, pony rides, mazes, farm animals & much more.

PRIDE FESTIVAL AND PARADE
SAT-SUN  Pride Festivities begin Saturday at noon with a number of diverse, renowned food, snack and beverage vendors. Sunday’s parade starts at 11AM, as 150 groups march from Burnside to the Waterfront.

RISK/REWARD FESTIVAL
FRI-SUN  Showcases five new works by indie performing artists from across the region. Come celebrate our 9th year blurring the boundaries of theater, music, dance, and performance art in new and surprising ways.

VARIETY SHOW

Through June 18th  Celebrate the 22nd anniversary of The Tony Starlight Show, a combination of song parody, musical impressions & various tributes to iconic artists and pop culture phenomena.

PORTLAND SATURDAY MARKET

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

DUELING PIANO SHOW

Every FRI & SAT  Since 2010, The Barrel Room lays claim to the longest running dueling piano show in Portland.

URBAN SCAVENGER HUNT

ALL MONTH  Smart phone 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.

GUIDED NATURE HIKES

EVERY DAY  Park guides lead nature hikes to explore the forest, stream ecosystems and natural history of the natural area. Tryon Creek State Park & more

PORTLAND ESCAPE ROOMS

ALL MONTH THURS-SUN  Cedar Hills/Beaverton Locations: Real-life room escape games are a type of physical adventure game in which people are locked in a room with other participants and have to use elements of the room to solve a series of puzzles, find clues, and escape the room within a set time limit. Discount tickets.

HAUNTED PUB TOUR

ALL MONTH  This spine-tingling ghost tour explores Portland’s historic Old Town District, a vibrant area with beautiful 1800’s buildings, cobblestone streets and a wicked past.

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.

GEEKS WHO DRINK PUB QUIZ

ALL MONTH  Anyone can grab a deck of Trivial Pursuit cards and run a “trivia night.” Geeks Who Drink’s smartass quizmasters run fast-paced, interactive and beer-soaked pub quiz events all over Portland.

VANCOUVER METRO EVENTS

VANCOUVER MARATHON, HALF MARATHON, 5K & KIDS MARATHON
SUN  Esther Short Park. Walkers and runners are both welcome! The course will be open until 2PM, giving you 7 hours to complete the race.

SUMMER BREWFEST
FRI-SUN  Esther Short Park. Join 3,000+ patrons sampling tasty beers over the 3-day festival on Father’s Day Weekend.

FARMER’S MARKET

SAT-SUN (through OCT 30)  Vancouver’s Farmer’s Market. Over 250 vendors with fresh and local produce, flowers, plants, baked goods and much more!

OPEN SATURDAY AT PEARSON AIRBASE

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

·         Finding Dory
·         Central Intelligence
·         The Last Heist
·         The Last King
·         Dhanak
·         Tickled

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

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


Worldwide Visibility: Berkshire Hathaway HomeServices Northwest Real Estate Expands with Global Syndication

GlobalGraphic

 

The Berkshire Hathaway HomeServices website has gone international and now features language, currency and measurement translations for prospective buyers both in the U.S. and abroad. Consumers may view domestic listings in 10 different languages for any market serviced by Berkshire Hathaway HomeServices franchisees.

The Berkshire Hathaway HomeServices site presents full MLS data containing all listings serviced by affiliates, including Berkshire Hathaway HomeServices Northwest Real Estate.

To complement this international search platform, Berkshire Hathaway HomeServices is now sending network listings to 70 real estate websites serving consumers in 37 countries on five continents. Most listings priced at $200,000 and above are now appearing on prominent search sites abroad. Through this new syndication channel, it’s possible that leads are already reaching buyers across the globe!

In addition to global syndication, Berkshire Hathaway HomeServices spends tens of thousands of dollars per month to market all listings on international websites. This includes the Wall Street Journal real estate websites in the U.S., Asia, Europe, India, China, and Latin America. For luxury properties over $1,000,000, listings are also featured on MansionGlobal.com.
GlobalFlyertext


This Week in Real Estate: June 13, 2016

image001
Following speculation that the Federal Reserve would increase the federal fund interest rate in June, the Federal Reserve’s decision not to increase the federal fund interest rate This Week in Real Estate led to the lowest mortgage rates in 3 years. Below are a few highlights from the first full week of June that influence our business:

* CoreLogic HPI Continues to Beat Forecast. The second of the major home price estimates for April was released by CoreLogic on Tuesday and tracks, on an annual basis, closely with the first, released by the National Association of Realtors last month. The CoreLogic Home Price Index (HPI) shows that the price of a home sold in April was up 1.8% from March and rose 6.2% compared with the index in April 2015. NAR’s report on April existing home sales put the April year-over-year gain at 6.3%. The CoreLogic HPI Forecast is a projection of home prices 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. The two Pacific Northwest states were the only ones to post double digit increases. Washington’s HPI rose 10.6% year-over-year while Oregon’s was up 10.3%.
Full Story…  http://www.mortgagenewsdaily.com/06072016_corelogic_hpi.asp

* Rate Hike Coming When Inflation Goes Up. Although the May jobs showed a shockingly low number of jobs added, it is the inflation rate that is keeping the Fed from rising interest rates, Janet Yellen, chair of the Board of Governors of the Federal Reserve System, said Monday. Whereas the jobs report on Friday was disappointing, the overall labor market situation has been positive, Yellen said. “We agree with Yellen that other labor market indicators, such as initial jobless claims, the job openings rate and the voluntary quits rate, suggest that labor market conditions remain robust,” said Capital Economics Chief Economist Paul Ashworth. “My overall assessment is that the current stance of monetary policy is generally appropriate, in that it is providing support to the economy by encouraging further labor market improvement that will help return inflation to 2%,” Yellen said. “At the same time, I continue to think that the federal funds rate will probably need to rise gradually over time to ensure price stability and maximum sustainable employment in the longer run,” she said.
Full Story…  http://www.housingwire.com/articles/37201-yellen-rate-hike-coming-when-inflation-goes-up?eid=322520585&bid=1424649

* U.S. Housing Market Moving Deeper Into Buy Territory. The latest national index produced by Florida Atlantic University and Florida International University faculty indicates the U.S. housing market as a whole is moving deeper into buy territory, suggesting that, on average, residential housing markets around the country are sound. In terms of wealth creation, the U.S. housing market has swung marginally more in favor of home ownership over renting a comparable property and investing monthly rent savings in a portfolio of stocks and bonds. Overall, 16 of the 23 metropolitan markets investigated moved in the direction of buy territory. “This appears to be driven by a steady but strengthening job market, rising rents relative to rising ownership costs and recent slower growth in traditional financial portfolios consisting of stocks and bonds,” said Ken Johnson. Cities such as Honolulu, Kansas City, Los Angeles, Miami, Pittsburgh, Portland, San Diego, San Francisco and Seattle are hovering around what the index’s authors refer to as the “indifference point” between buying versus renting. In almost all of these metro markets, the BH&J Index score for the quarter moved in the direction of ownership.
Full Story…  http://www.fau.edu/newsdesk/articles/housing-market-moving-deeper-into-buy-territory.php

Have a productive week!
Jason

 

Portland Metro Weekend Events Planner: June 9-12, 2016

PORTLAND METRO EVENTS WEEKEND PLANNER
FOR JUNE 9-12, 2016

 

CITY FAIR—FLEET WEEK
Through SUN  Tom McCall Waterfront Park: Fleet Week features ships from the US Navy, US Coast Guard, and Canadian Maritime Forces along the waterfront sea wall, carnival rides, Kids Zone, arts and crafts, a beer garden and much more.

GRAND FLORAL PARADE
SAT  A colorful reflection of local, regional and international communities, the Grand Floral Parade draws hundreds of thousands of cheering viewers of every age, along a 4.2 mile route that winds through city streets and across the river.

DRAGON BOAT RACES
SAT-SUN  Held on the Willamette River near the Hawthorne Bridge, the races feature exciting four-team heats held every nine minutes. More than 80 different teams—local, national and international—compete in boats graciously provided through the Portland-Kaohsiung Sister City Association.

FESTIVAL OF FLOWERS
THURS-FRI  Pioneer Courthouse Square. Each year, the Square works with a local artist or design firm to create a masterpiece of vibrant color utilizing nearly 20,000 flowers and plant material. This year’s design, BE FRIENDLY PDX, was created by the award-winning, local firm—Holst Architecture.

SCANDINAVIAN MIDSUMMER FESTIVAL
SAT  Oaks Park. Portland’s 88th Annual Scandinavian Summer Solstice celebration. Maypole raising, live music, dancing, crafts, food and drink.

VEGAN BEER & FOOD FESTIVAL
SAT  Zidell Yards. Features the top vegan food carts, trucks, vendors and restaurants. The best of the region’s craft beer, wine, ciders, kombucha, cold brew and craft sodas on draft.

QUESTIVAL
FRI  Skate World, Gresham. Questival is a 24-hour adventure race that invites you to build friendships, push yourself, experience your surroundings, and have a whole lot of fun. Your team of 2 to 6 people will do exciting and unpredictable things you never thought possible.

JAW DROPPING COMEDY
Through June 12  This comedic masterpiece spans the entirety of history, with one ordinary American family who lives through it all.

VARIETY SHOW

Through June 18th  Celebrate the 22nd anniversary of The Tony Starlight Show, a combination of song parody, musical impressions & various tributes to iconic artists and pop culture phenomena.

PORTLAND SATURDAY MARKET

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

DUELING PIANO SHOW

Every FRI & SAT  Since 2010, The Barrel Room lays claim to the longest running dueling piano show in Portland.

URBAN SCAVENGER HUNT

ALL MONTH  Smart phone 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.

GUIDED NATURE HIKES

EVERY DAY  Park guides lead nature hikes to explore the forest, stream ecosystems and natural history of the natural area. Tryon Creek State Park & more

PORTLAND ESCAPE ROOMS

ALL MONTH THURS-SUN  Cedar Hills/Beaverton Locations: Real-life room escape games are a type of physical adventure game in which people are locked in a room with other participants and have to use elements of the room to solve a series of puzzles, find clues, and escape the room within a set time limit. Discount tickets.

HAUNTED PUB TOUR

ALL MONTH  This spine-tingling ghost tour explores Portland’s historic Old Town District, a vibrant area with beautiful 1800’s buildings, cobblestone streets and a wicked past.

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.

GEEKS WHO DRINK PUB QUIZ

ALL MONTH  Anyone can grab a deck of Trivial Pursuit cards and run a “trivia night.” Geeks Who Drink’s smartass quizmasters run fast-paced, interactive and beer-soaked pub quiz events all over Portland.

VANCOUVER METRO EVENTS

HUMANE SOCIETY DOG WALK

SAT  Hike on the Dike offers food, music, K9 demos, a 2.77 mile walk, a 5k run, or a 10k run along the Columbia River in Washougal, WA to aid the Humane Society.

FARMER’S MARKET

SAT-SUN (through OCT 30)  Vancouver’s Farmer’s Market. Over 250 vendors with fresh and local produce, flowers, plants, baked goods and much more!

OPEN SATURDAY AT PEARSON AIRBASE

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.

BEER & WINE FESTIVAL
FRI-SUN  Esther Short Park. 100+ craft wines, 30 craft beers, craft Bloody Marys, craft cocktails and Washington craft bourbon tastings!

NEW MOVIES OUT THIS WEEK

·         The Conjuring 2
·         Warcraft
·         Now You Seen Me 2
·         Genius
·         Diary of a Chambermaid
·         From Afar
·         De Palma
·         King Jack

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: June 6, 2016

image001

Strong consumer spending and the pace of home price appreciation compared to inflation top the headlines This Week in Real Estate. Below are a few highlights from the last week of May that influence our business:

* The 10 Hottest Housing Markets for Millennials Looking to Buy. The National Association of Realtors compiled a list of the top 10 metro areas for young homeowners, analyzing employment gains, population trends, income levels and housing conditions in the largest 100 metropolitan statistical areas across the country. The metros NAR identified were picked for their above-average share of current Millennial residents and recent movers, favorable employment opportunities and relatively low qualifying incomes needed to purchase a home. The top 10 metros include Portland, OR and Seattle, WA.
Full Story…  http://www.housingwire.com/articles/37179-here-are-the-10-hottest-housing-markets-for-millennials-looking-to-buy?eid=322520585&bid=1422579

* Case-Shiller: Home Prices Rising Twice as Fast as Inflation. Average home prices for the top 10 metropolitan areas is up by 5.1%, and up 5.7% in the top 20 metropolitan areas. Monthly, these three rose by a seasonally adjusted 0.5%, 0.8% and 0.7% respectively. “Home prices continue to climb at more than twice the rate of inflation,” says David Blitzer, Index Committee at S&P Dow Jones Indices managing director and chairman. “The recovery of the sale and construction of new homes has lagged the gains seen in existing home sales,” Blitzer said. “This may be starting to change: starts of single family homes in February were the highest since November 2007. The single family home share of total housing starts was 70% in February, up from a low of 57% in June 2015, and approaching the 75%-80% range seen before the housing crisis.”  Whereas the western U.S. saw large home price increases, the northeast saw the lowest increases.
Full Story…  http://www.housingwire.com/articles/37143-case-shiller-home-prices-rising-twice-as-fast-as-inflation?eid=322520585&bid=1419362

* U.S. Consumer Spending Increase Strongest in Over Six Years. U.S. consumer spending recorded its biggest increase in more than six years in April as households stepped up purchases of automobiles, suggesting an acceleration in economic growth that could persuade the Federal Reserve to raise interest rates soon. The Commerce Department said consumer spending, which accounts for more than two-thirds of U.S. economic activity, surged 1.0 percent last month as households bought a range of goods and services. Last month’s increase was the largest since August 2009. “Consumer spending will continue to lead economic growth in 2016, as more jobs, rising wages and houses prices give households more money to spend,” said Gus Faucher, deputy chief economist at PNC Financial.
Full Story…  http://www.reuters.com/article/us-usa-economy-idUSKCN0YM1HC?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

* U.S. Houses Are Still Getting Bigger. The median size of a new single-family house was 2,467 square feet last year, the biggest on record, according to Census Bureau data out this week. With all that floor space, homes are 61% larger than the median from 40 years earlier and 11% larger than a decade earlier. American homes have not only been getting larger, they’re also including more bathrooms and amenities such as air conditioning. Some 93% of new houses had air conditioning in 2015 compared with 46% in 1975. About 96% of new homes last year had at least two bathrooms versus 60% four decades earlier. The median sales price of a new home was $296,400 last year, according to Census, a new high. Even when adjusted for inflation, new-home prices hit a record last year.
Full Story…  http://blogs.wsj.com/economics/2016/06/02/u-s-houses-are-still-getting-bigger/
Have a productive week!
Jason