Portland Metro Weekend Events Planner: Sept. 30-Oct. 2, 2016

PORTLAND METRO EVENTS WEEKEND PLANNER
FOR SEPTEMBER 30-OCT. 2, 2016

CHEESE FESTIVAL
SAT – Taste artisan and farmstead cheese made in the Northwest and meet the 30 artisan makers at The Wedge outside the Green Dragon Bistro & Brewpub.

WINE WALK
SAT – A ticket to Wine Walk Lake Oswego gets you 8 tastes of wine, snacks, music, and art in local shops.

PORTLAND JUGGLING FESTIVAL
FRI-SUNPortland Juggling Festival offers shows, workshops, vendors, and a juggling & vaudeville extravaganza Saturday night at Reed College.

LINCOLN CITY KITE FESTIVAL
SAT-SUNEnjoy kite flying demonstrations by experts, free kid’s kitemaking, running of the bols, and some of the largest and most colorful kites in the world!

GLUTEN FREE FOOD FESTIVAL
SAT-SUNWhether you’re thinking about going gluten free or you’re a gluten free pro looking for new products and ideas, you will find something for everyone. Close to 90 exhibitors, tasty food to sample, plus seminars and cooking demonstrations going on all day!!

THE WEDGE
SAT – Farmers Market-style event, featuring cheese and foods/beverages that go well with it. Sample and purchase local artisan cheese, specialty foods, beer, wine and cider; take a class, snap a pic with our mascot, and try your hand at cheese wheel bowling!

SELLWOOD STREET FESTIVAL
SUN – Walk, bike, or roller-skate on 8 miles of streets when most cars are banned for Sellwood-Milwaukie Sunday Parkways, with activities and music nearby. Free.

OKTOBERFEST AT MCMENAMINS
Through October 8th – Various McMenanins in the Portland Metro area will be having different events to celebrate Oktoberfest—golf tournament, plant & veggie sale, live music events and more.

PUMPKIN PATCHES
Through Oct 30th – Find a pumpkin patch near you!

HALLOWEEN BALL
SAT – The Pacific Northwest Witches Ball promises an upscale evening of music, dance performances, a costume contest, hors d’oeuvres, a cash bar, and vendors at Monarch Hotel and Conference Center in Clackamas for age 18+. Elegant costume required.

PUMPKIN FEST
FRI through October 30th See pumpkins shot from a cannon, take a hayride, navigate a corn maze, try archery & paintball, and choose a pumpkin during Pumpkin Fest at Wooden Shoe Tulip Farm in Woodburn on Fridays, Saturdays, and Sundays.

13TH DOOR HAUNTED HOUSE

Through November 5th – Portland’s best haunted attraction, highly detailed sets help you become part of the horror as you journey among animated creatures and theatrical actors.

BENDING THE BARD: CINEMATIC TWISTS ON SHAKESPEARE
Through October 30th – Seventeen “unconventional” cinematic adaptations of Shakespeare’s plays. Freed from restrictions of a certain time, location, or even language, the filmmakers in this series have created works that both reflect and transcend their immediate cultural origins.

FRIGHT TOWN
Through November 5th3 Haunted Houses in one location! New Grimthorne Manor: overrun by angry spirits, vampires, werewolves and maniacs. The Witch House: a burnt-out skeleton of a building where a demonic cult has holed up to practice their witchcraft in the dark, secret halls. Museum of Horrors: the cacophonous cornucopia of creepies, crawlies, werechickens, evil clowns and so much more.

HAUNTED PUB TOUR
Through October 31st – A spine-tingling excursion. Hear first-hand accounts of recent paranormal encounters while sampling 7 award-winning local beers. The route includes stops at two historic pubs for beer tastings as well the old Merchant Hotel, known as Portland’s most haunted building.

RADICAL 80’S CRUISE
Through October 22nd – Break out the hammer pants and leg warmers! Time warp to the most radical decade and dance to the best of the 80’s with DJ MC.

JEKYLL & HYDE THE MUSICAL
Through October 16th – The epic struggle between good and evil comes to life on stage in the musical phenomenon, Jekyll & Hyde. Based on the classic story by Robert Louis Stevenson and featuring a thrilling score of pop rock hits.

CAT IN THE HAT
Through October 23rd – Enter a world of magic and mischief as Conrad, Sally, and their very grumpy goldfish follow the Cat in the Hat on an adventure through the imagination of Dr. Seuss!

PORTLAND SPIRIT SUMMER CONCERT SERIES
FRI – Start the weekend early with a one-of-a-kind summer concert cruise series featuring a different local band every week! Includes a two-hour cruise and live entertainment. Bistro style menu and beverages from our full service bars available for purchase on board.

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

PORTLAND SATURDAY MARKET
SAT-SUN through December – The nation’s largest weekly open-air arts and crafts market. Stroll down row upon row of unique creations made by the people who sell them in Old Town.

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

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

VANCOUVER METRO EVENTS

NORTH BANK BEER WALK
THURS – It all kicks off with the Vancouver Breweries Unite 4 Give More 24 charity event at Kiggins Theatre on Thursday. NBBW will extend to September 30th with unique and fun beer events at your favorite pubs and taprooms every day.

HAUNTED WALKING TOUR
FRI & SAT through October 29th – Experience a spooky slant on history on a Clark County Historical Museum walking tour on a dark night.

OLD APPLE TREE FESTIVAL
SAT – Providing family fun, food and history of Vancouver’s Old Apple Tree, the festival celebrates our community’s legacy.

DINE THE COUV
Through October 30th – Foodies and beer drinkers unite! For the entire month of October, original Vancouver USA eateries, breweries and tasting rooms will serve up some special items.

FARMER’S MARKET – DOWNTOWN
SAT-SUN (through October 30)  Vancouver’s Farmer’s Market. Over 250 vendors with fresh and local produce, flowers, plants, baked goods and much more at 6th & Ester in downtown Vancouver.

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

NEW MOVIES OUT THIS WEEK

·         Deepwater Horizon
·         Masterminds
·         Miss Peregrine’s Home for Peculiar Children
·         Milton’s Secret
·         Clown Town
·         Denial
·         Harry & Snowman
·         Maximum Ride

Click here for movie times and theatres.

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

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


This Week in Real Estate: Sept. 26, 2016

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The Federal Reserve Bank chose not to increase the federal funds rate This Week in Real Estate leaving just two more opportunities to do so in 2016. Below are a few highlights from the third week of September that influence our business:

* Fastest Appreciating Housing Markets. U.S. home values increased 5% nationally to $188,100, but in some metros home-price appreciations was much higher, according to the August Zillow Real Estate Market Reports. On the other hand, household income posted its first significant increase, 5.2%, in eight years, new data from the U.S. Census Bureau showed. “Inventory, while still down nationwide and in most areas, is actually starting to rise in a handful of markets, including the Bay Area, Texas and parts of the Southwest,” Zillow Chief Economist Svenja Gudell said. “But make no mistake, it’s still tough out there for buyers, especially in Western markets like Seattle, Denver and Portland that have strong job growth,” she added. Zillow’s top five metros with the fastest appreciating home values: 5) Tampa, Florida, home prices increased 9.8%, 4) Denver, Colorado, home prices increased 10.7%, 3) Seattle, Washington, home prices increased 11.3%, 2) Dallas-Fort Worth, Texas, home prices increased 12% and 1) Portland, Oregon, home prices increased 14.8%.
Full Story… http://www.housingwire.com/articles/38099-zillow-ranks-fastest-appreciating-housing-markets?eid=322520585&bid=1536693

* Freddie Mac: Mortgage Interest Rates Will Hit 40-Year Low in 2016. If current trends hold steady, this year could prove to be a banner year for housing, Freddie Mac said in a new report. In Freddie Mac’s new monthly outlook report, the government-sponsored enterprise states that it is currently projecting a “surge” in mortgage originations during the third quarter, further reinforcing its view that 2016 will be the “best year” for home sales since 2006. Additionally, Freddie Mac’s current forecast is for the interest rate on the 30-year fixed-rate mortgage to finish the year with an average of 3.6%, making 2016’s mortgage rates the lowest in more than 40 years. “We continue to believe that originations will reach $2 trillion this year, the highest since 2012,” said Freddie Mace Chief Economist Sean Becketti. “The housing market remains a bright spot for the U.S. economy, with solid job gains and low mortgage interest rates sustaining the economy’s momentum in September,” Becketti said.
Full Story… http://www.housingwire.com/articles/38079-freddie-mac-mortgage-interest-rates-will-hit-40-year-low-in-2016?eid=322520585&bid=1534205

* The New Normal: Time to Close Settles at 46 Days. After rising, falling, and rising again in the wake of the implementation of the CFPB’s TRID rule, the time to close a mortgage loan appears to finally be settling into a new normal – about a month and a half. Ellie Mae’s report, which is pulled from a “robust” sampling of approximately 75% of all mortgage applications that were initiated on Ellie Mae’s Encompass system. Ellie Mae’s report also showed that the percentage of mortgages that were refinances climbed to the highest level since March. Ellie Mae’s report also provided more proof that of the continued historic lows in mortgage interest rates – as the average interest rate on a 30-year, fixed-rate mortgage that closed in July was 3.77% – the lowest that figure has been since May 2013.
Full Story… http://www.housingwire.com/articles/38101-the-new-normal-time-to-close-settles-at-46-days?eid=322520585&bid=1536693

* Housing Starts Are Poised to Surge. Despite the tailwinds of strong job growth and the vanguard of the millennial generation entering their prime home buying years, developers have been strangely reluctant to break ground on new single-family homes in 2016. This segment has seen so-called housing starts dip to a seasonally adjusted and annualized rate of 722,000 as of July, down from 765,000 at the end of 2015. Neil Dutta, head of U.S. Economist at Renaissance Macro Research, highlighted that the strength in new home sales relative to home starts suggests that construction activity is due to rise significantly in the year ahead. “The last time the ratio of starts to new home sales was this low, starts ending up surging for the next year,” he wrote. When the ratio of starts to new sales tumbled to a similar level around the beginning of 2015, new activity rose at a robust clip for the next 12 months, culminating with starts in February hitting a seasonally adjusted and annualized rate of 845,000. In a note to clients, Dutta added that the rise in homebuilder confidence also belies the subdued level of starts. “Something seriously has to give here,” he concluded.
Full Story… http://www.bloomberg.com/news/articles/2016-09-20/one-chart-shows-why-u-s-housing-starts-are-poised-to-surge

Have a productive week!

Jason
 

Thanks to our employees & brokers for making us one of The Oregonian’s 2016 Top Workplaces in Oregon!

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The Oregonian has named Berkshire Hathaway HomeServices Northwest Real Estate an Oregon 2016 Top Workplace

 

We’re very proud to announce that Berkshire Hathaway HomeServices Northwest Real Estate has been selected as one of The Oregonian’s Top Workplaces! Companies receiving this honor have been determined solely on the basis of anonymous employee feedback to a survey conducted by Workplace Dynamics, a leading independent research firm on organizational health and employee engagement.

Jason Waugh, our President & CEO, had this to say: “It makes me extremely proud to be named a Top Workplace in Oregon—it’s a tribute to our team who work so hard every day toward a common goal of providing an exceptional real estate experience. We’ve developed a wonderful culture here at Berkshire Hathaway HomeServices Northwest Real Estate over the past sixty years, and I am honored our brokers and employees continue to rate our company so highly.”

Sincere thanks to everyone at Berkshire Hathaway HomeServices Northwest Real Estate for responding to the survey and sharing why you love this company so much. We’re thankful for each and every one of you and appreciate your dedication to creating a great real estate experience for your clients!
Click HERE for further information on the Top Workplaces honor.


Portland Metro Weekend Events Planner: Sept. 23-25, 2016

PORTLAND METRO EVENTS WEEKEND PLANNER
FOR SEPTEMBER 23-25, 2016

 

NORTHWEST QUILTING EXPO
THURS-SAT – Enjoy an outstanding group of talented instructors, gorgeous quilts and exhibits, great vendors and more.

OKTOBERFEST AT OAKS PARK
FRI-SUN – The most kid-friendly German festival in the northwest! Bavarian dancing, live Oompah bands, craft vendors and more!

OKTOBERFEST AT MCMENAMINS
Through October 8th – Various McMenanins in the Portland Metro area will be having different events to celebrate Oktoberfest—golf tournament, plant & veggie sale, live music events and more.

DRIVE-IN AT ZIDELL YARDS
THURS-MON – Drive, bike, or take the streetcar to our drive-in under the stars at Zidell Yards. If you don’t have a car, bring a chair, warm blankets, and find your spot in front for some pop cinema classics.

13TH DOOR HAUNTED HOUSE
Through November 5th – Portland’s best haunted attraction, highly detailed sets help you become part of the horror as you journey among animated creatures and theatrical actors.

OREGON INDEPENDENT FILM FESTIVAL
Through September 24th – Collection of the best in new and truly independent films to the great cinemas of Oregon this fall.

BENDING THE BARD: CINEMATIC TWISTS ON SHAKESPEARE
Through October 30th – Seventeen “unconventional” cinematic adaptations of Shakespeare’s plays. Freed from restrictions of a certain time, location, or even language, the filmmakers in this series have created works that both reflect and transcend their immediate cultural origins.

CAT IN THE HAT
Through October 23rd – Enter a world of magic and mischief as Conrad, Sally, and their very grumpy goldfish follow the Cat in the Hat on an adventure through the imagination of Dr. Seuss!

TRY VEGAN WEEK + PROM
Through September 24 – Try Vegan Week includes free workshops, speakers, dine-outs, and mentoring. It ends in a vegan prom night of dancing, raffles, food, and costumes. See schedule here.

OREGON INDEPENDENT FILM FESTIVAL
Through SAT – Collection of the best in new independent films of Oregon this fall.

PORTLAND SPIRIT SUMMER CONCERT SERIES
Fridays through Sept 30 – Start the weekend early with a one-of-a-kind summer concert cruise series featuring a different local band every week! Includes a two-hour cruise and live entertainment. Bistro style menu and beverages from our full service bars available for purchase on board.

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

PORTLAND SATURDAY MARKET
SAT-SUN through December – The nation’s largest weekly open-air arts and crafts market. Stroll down row upon row of unique creations made by the people who sell them in Old Town.

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

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

VANCOUVER METRO EVENTS

NORTH BANK BEER WALK
THURS through September 30th – It all kicks off with the Vancouver Breweries Unite 4 Give More 24 charity event at Kiggins Theatre on Thursday. NBBW will extend to September 30th with unique and fun beer events at your favorite pubs and taprooms every day.

NORTH COUNTY WINE RUN
SATHalf marathon & 3-person relay. On paved country roads, the routes highlight the gorgeous scenery of north Clark County: rolling hills, rural landscapes, and views of Mt. St. Helens.

FARMER’S MARKET – DOWNTOWN
SAT-SUN (through October 30)  Vancouver’s Farmer’s Market. Over 250 vendors with fresh and local produce, flowers, plants, baked goods and much more at 6th & Ester in downtown Vancouver.

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

NEW MOVIES OUT THIS WEEK

· Storks
· I.T.
· The Dressmaker
· End of a Gun
· New World Order
· Dirty 30

Click here for movie times and theatres.

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

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


This Week in Real Estate: Sept. 19, 2016

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While more and more homes move into a positive equity position as a result of continued strong price appreciation, ATTOM Data Solutions reported This Week in Real Estate that the second quarter realized the highest level of home flipping activity in six years. Below are a few highlights from the second week of September that influence our business:

* Rising Home Prices Wage War Against Negative Equity. CoreLogic released on Thursday a new analysis showing 548,000 U.S. homeowners regained equity in Q2 2016, increasing the percentage of homes with positive equity to 92.9 percent of all mortgaged properties, or approximately 47.2 million homes. Nationwide, home equity grew year over year by $646 billion, representing an increase of 9.9 percent in Q2 2016 compared to Q2 2015. The numbers of homes underwater decreased to 7.1% in the second quarter. This is a decrease of 13.2% from the first quarter’s 8.2%, and a decrease of 19% from last year’s 8.9%. Of the over 50 million homes with a mortgage, about 8.6 million, or 17% have less than 20% in equity. About 965,000, or 1.9% have less than 5% equity. “We see home prices rising another 5% in the coming year based on the latest projected national CoreLogic Home Price Index,” CoreLogic President and CEO Anand Nallathambi said. “Assuming this growth is uniform across the U.S., that should release an additional 700,000 homeowners from negative equity.”
Full Story…  http://www.corelogic.com/about-us/news/corelogic-reports-548,000-us-homeowners-regained-equity-in-the-second-quarter-of-2016.aspx

* U.S Home Flipping Increases to a Six-Year High in Q2 2016. ATTOM Data Solutions released its Q2 2016 U.S. Home Flipping Report Tuesday, which shows a total of 51,434 U.S. single family home and condo sales were completed flips in the second quarter of 2016, up 14 percent from the previous quarter and up 3 percent from a year ago to the highest number of home flips since Q2 2010 – a six-year high. A home flip is defined as a property that is sold in an arms-length sale for the second time within a 12-month period based on publicly recorded sales deed data. “Home flipping is becoming more accessible for smaller operators thanks to an increasingly competitive lending environment with more loan options for real estate investors, who are also benefitting from the historically low mortgage interest rates,” said Daren Blomquist, ATTOM Data Solutions senior vice president. “We’re starting to see home flipping hit some milestones not seen since prior to the financial crisis, which is somewhat concerning, but there are a couple of important differences in the home flipping of 2016 compared to 2006 when home flipping peaked during the last housing boom,” Blomquist said. “First, home flippers are realizing a much bigger gross ROI in 2016, averaging 49% in the first two quarters compared to an average gross ROI of just 27% in 2006,” he said. “Second, while an increasing number of home flippers are financing their purchases, more than two-thirds are still using cash to purchase compared to about one-third using cash to purchase back in 2006.”
Full Story…  http://www.realtytrac.com/news/home-prices-and-sales/q2-2016-u-s-home-flipping-report/

* Mortgage Applications Jump 4.2% on Strong Buyer Demand. Homebuyers jumped back into the market after Labor Day, filing applications for mortgages at a far faster pace than in previous weeks. Total mortgage application volume rose 4.2 percent on a seasonally adjusted basis last week, according to the Mortgage Bankers Association. The results were adjusted to account for the Labor Day holiday. Unlike during much of the summer, application volume last week was fueled more by buyers than refinancers. Mortgage applications to purchase a home jumped 9 percent from the previous week. Purchase volume is down nearly 19 percent in the past four weeks, but August is not usually a strong month for homebuying. The jump last week may signal a stronger fall market ahead. “The purchase market remains supported by an improving U.S. labor market. Newly released data from the U.S. Census this week indicate that the median income increased by 5.2 percent last year, the highest rate of increase since 2007. Refinance volume has been strong all summer, up nearly 43% last week from a year ago, with rates sitting near all-time lows.
Full Story…  http://www.cnbc.com/2016/09/14/mortgage-applications-jump-on-strong-buyer-demand.html?__source=mnd%7Cnews%7C&par=mnd

* MBA: New Home Sales Surge in August. New home sales surged in August to the highest level observed in the Mortgage Bankers Association’s Builder Applications Survey since it began in 2012. The survey found that seasonally adjusted new home sales for August reached 601,000 sales. “New home purchase applications increased 5% over the month and increased more than 14% compared to August a year ago,” said Lynn Fisher, MBA’s Vice President of Research and Economics. “Our sense is that builders have been attempting to catch up with demand in the face of labor shortfalls and other limiting factors in various parts of the country,” she continued. When broken up by product type, conventional loans composed 67.7% of loan applications, FHA loans composed 18.4%, RHS/USDA loans composed 0.7% and VA loans composed 13.2%. Additionally, the average loan size of new homes decreased from $325,843 in July to $325,224 in August. The seasonally adjusted estimate for August is an increase of 11.3% from the July pace of 540,000 units.
Full Story…  http://www.housingwire.com/articles/38047-mba-new-home-sales-surge-in-august?eid=322520585&bid=1530309

Have a productive week!

Jason
 

6 Home Renovations that Return the Most at Resale

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The inaugural Remodeling Impact Report examines 20 home renovation projects, analyzing what they potentially return at resale. The report comes courtesy of the National Association of Realtors, or NAR, and the National Association of the Remodeling Industry, or NARI.

“In the past, NARI data suggested that a complete kitchen remodel could recoup 75% to 80% (at resale),” says Steve Carasso, director of marketing and communications for NARI. But this report pegged the resale return at 67%, he adds. That means kitchens didn’t make the top 6. Neither did bathroom remodels.

Here are the top 6 home improvements, ranked (from lowest to highest) by which renovation returns the highest percentage of your investment.

New Vinyl Siding
Replacing old siding with new vinyl siding costs about $12,000 on average. At resale, homeowners get back about 83% of what they spend.

While it’s something that can improve the home’s appearance, it’s probably not the kind of thing you’d do just before putting the home on the market—unless it’s damaged, of course. If it’s just dirty, a good power washing is all you need.

New Garage Doors
For many street-facing homes, a garage door is the “nose on the face of your home,” says David Pekel, national treasurer for NARI and the president and CEO of Milwaukee-based Pekel Construction & Remodeling.

A new garage door “has traditionally ranked as one of the highest returns on investment,” he says.

The cost averages $2,300 and returns about 87% at resale, Homeowners are opting for natural wood, doors with more windows, and carriage-style doors, which are currently trending.

New Wood Floors
Installing wood floors will get you most of that expense back when you sell, according to the remodelers’ report. The average cost of installing new floors is about $5,500. Homeowners recoup about 91%.

Recently, some wood flooring has been plagued by controversy over high formaldehyde levels and off-gassing. If you can, opt for hardwood over engineered products, some of which contain formaldehyde. If you prefer engineered wood, ask a lot of questions, and find a knowledgable, competent pro who can tell you what’s in various options.

Insulation Upgrade
No one comes out of an open house excited about the insulation. But an insulation upgrade does add value. On average, it will cost about $2,100, and homeowners can recoup about 95% at resale. Many homes are now being evaluated by energy efficiency as a matter of routine.

Refinish Hardwood Floors
Want to get back all of your home renovation dollars? Refinish those hardwood floors.

Refinishing costs an average of $2,500 and that’s about what it adds to home value, the study finds.

New Roof
Among home renovations that return the most, replacing the roof tops the list.

A new roof will set the average homeowner back about $7,600. But on average, homeowners recoup more than that —about $8,000. That’s a 105% gain.

It’s the only renovation project in the report that returned more than it cost. But, as anyone who’s been through it will tell you, there are plenty of easier ways to make $400.

Article courtesy of BankRate.com


Portland Metro Weekend Events Planner: Sept. 16-18, 2016

PORTLAND METRO EVENTS WEEKEND PLANNER
FOR SEPTEMBER 16-18, 2016

 

MOUNT ANGEL OKTOBERFEST
THURS-SUN Traditional dancers, live music, sports, car show, race, golf tournament and so much more!!

5K COLOR RUN
SAT – Wear a white shirt and get bombarded by handfuls of colored cornstarch as you run the Color Run 5K at Portland International Raceway.

TRY VEGAN WEEK + PROM
SAT through September 24 – Try Vegan Week includes free workshops, speakers, dine-outs, and mentoring. It ends in a vegan prom night of dancing, raffles, food, and costumes. See schedule here.

SIDEWALK CHALK ART FESTIVAL
SAT – Create your masterpiece on a sidewalk in downtown Forest Grove, or admire hundreds of others’ works at Sidewalk Chalk Art Festival.

FALL RV & VAN SHOW
THURS-SUN – Over 20 dealers with the newest trailers and campers on the market. If you can’t find it here, you won’t be able to find it anywhere!

CRUISE TO HISTORIC DOWNTOWN OREGON CITY
SAT7th annual event expanded to accommodate over 600 cars!!

OREGON INDEPENDENT FILM FESTIVAL
Through September 24 – Collection of the best in new independent films of Oregon this fall.

BENDING THE BARD: CINEMATIC TWISTS ON SHAKESPEARE
Through October 30th – Seventeen “unconventional” cinematic adaptations of Shakespeare’s plays. Freed from restrictions of a certain time, location, or even language, the filmmakers in this series have created works that both reflect and transcend their immediate cultural origins.

TIME BASED ART FESTIVAL
Through SUN – Contemporary art projects that bring artists and audiences together, creating a vibrant community through live performances, music, screenings, workshops, talks, and visual art installations.

PORTLAND SPIRIT SUMMER CONCERT SERIES
Fridays through Sept 30 – Start the weekend early with a one-of-a-kind summer concert cruise series featuring a different local band every week! Includes a two-hour cruise and live entertainment. Bistro style menu and beverages from our full service bars available for purchase on board.

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

PORTLAND SATURDAY MARKET
SAT-SUN through December – The nation’s largest weekly open-air arts and crafts market. Stroll down row upon row of unique creations made by the people who sell them in Old Town.

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

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

VANCOUVER METRO EVENTS

STURGEON FESTIVAL
SAT – 20th anniversary celebration as the Water Resources Education Center recognizes sturgeon and Columbia River ecosystems with a community festival.

FARMER’S MARKET – DOWNTOWN
SAT-SUN (through October 30)  Vancouver’s Farmer’s Market. Over 250 vendors with fresh and local produce, flowers, plants, baked goods and much more at 6th & Ester in downtown Vancouver.

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

NEW MOVIES OUT THIS WEEK

·         Bridget Jones’s Baby
·         Blair Witch
·         Snowden
·         Cardboard Boxer
·         Hillsong
·         Finding Altamira

Click here for movie times and theatres.

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

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


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:

Kristina Chausov – Columbia Tech Center

Rim Eltinge – Columbia Tech Center

Chelsey Lensing – Columbia Tech Center

Stephanie Vanyi – Sandy

Christian Albano – West Portland

Dannelle Bernards – Yamhill

Hannah Mahon – West Portland

Dian Coon – Columbia Tech Center

Marion Freet – Sandy

Janice Itterman – Clark County Northwest

Brie Allen – Scappoose

Trevor McCaskill – West Portland

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This Week in Real Estate: Sept. 12, 2016

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Prices continue to surge This Week in Real Estate as homebuilders struggle filling construction jobs to meet consumer demand. Below are a few highlights from the first week of September that influence our business:

* CoreLogic: U.S. Home Price Report Shows Prices up 6 Percent Year Over Year in July. Home prices nationwide, including distressed sales, increased year over year by 6 percent in July 2016 compared with July 2015 and increased month over month by 1.1 percent in July 2016 compared with June 2016,” according to the CoreLogic HPI. The CoreLogic HPI Forecast indicates that home prices will increase by 5.4 percent on a year-over-year basis from July 2016 to July 2017. “The strongest home price gains continue to be in the western region,” said Anand Nallathambi, president and CEO of CoreLogic.” As evidence, the Denver, Portland and Seattle metropolitan areas all recorded double-digit appreciation over the past year.”
Full Story…  http://www.corelogic.com/about-us/news/corelogic-us-home-price-report-shows-prices-up-6-percent-year-over-year-in-july-2016.aspx

* Construction Worker Shortage Weighs on Hot U.S. Housing Market. Eight years after the housing bust drove an estimated 30 percent of construction workers into new fields, homebuilders across the country are struggling to find workers at all levels of experience, according to the National Association of Homebuilders. The association estimates that there are approximately 200,000 unfilled construction jobs in the U.S. – a jump of 81 percent in the last two years. The ratio of construction job openings to hiring, as measured by the Department of Labor, is at its highest level since 2007. “The labor shortage is getting worse as demand is getting stronger,” said John Courson, chief executive of the Home Builders Institute, a national nonprofit that trains workers in the construction field. The impact is two-fold. Without enough workers, residential construction is trailing demand for homes. And with labor costs rising, homebuilders are building more expensive homes to maintain their margins. That has left entry-level homes in tight supply, shutting out many would-be buyers at a time when mortgage rates are near historic lows. The average construction cost of building a single family home is 13.7 percent higher now than in 2007 according to a survey by the National Association of Homebuilders.
Full Story…  http://www.reuters.com/article/us-usa-housing-labor-idUSKCN11C0F7

* Home Purchase Sentiment Index Retreats Slightly, but Gradual Upward Trend Continues. Fannie Mae’s Home Purchase Sentiment Index (HPSI) was down slightly in August, dipping 1.5 percentage points to 85.0. The index, based on the company’s National Housing Survey (NHS) reached its all-time high in July. Despite the monthly decline the index is still 4.2 percentage points above where it was in August 2015. “Consumers have a fairly optimistic 12-month outlook on housing at the end of the summer home-buying season, supported by increased job confidence and more favorable expectations regarding their personal financial situations compared with this time last year,” said Doug Duncan, senior vice president and chief economist at Fannie Mae. “The return to a slight upward trend in the HPSI during the spring and summer is, thus far, in line with our forecast, which calls for 4 percent growth in home sales in 2016 to the best level since 2006 and continued improvement for 2017.”
Full Story…  http://www.fanniemae.com/portal/research-and-analysis/housing-survey.html?utm_source=int&utm_medium=marquee&utm_campaign=hpsi0916

* Mortgage Originations Surge to Highest Level in Three Years. The purchase market is booming, fueling the overall mortgage market and helping set the highest first-lien mortgage originations volume in a single quarter since the second quarter of 2013, the latest Black Knight Financial Services Mortgage Monitor Report found, based on data as of the end of July 2016. In the second quarter of 2016, purchase loan originations increased 52% ($102 billion) from the first quarter, reaching the highest level in terms of both volume and dollar amount since 2007. This in turn helped bring in first-lien mortgage originations in the second quarter to $518 billion. “Interestingly, however, with interest rates 15 basis points lower than in Q1, and even lower than in early 2015, refinance activity wasn’t nearly as strong as one might have expected,” said Black Knight Executive Vice President Ben Graboske. “While purchase originations jumped more than 50% from Q1, refinances saw only an 8% increase over that period, and were actually down from the same time last year, despite the number of potential refinance candidates outpacing 2015 by over 1 million in every month since March.”
Full Story…  http://www.housingwire.com/articles/37961-black-knight-mortgage-originations-surge-to-highest-level-in-three-years?eid=322520585&bid=1518093

Have a productive week!
Jason
 

Portland Metro Weekend Events Planner: Sept. 9-11, 2016

PORTLAND METRO EVENTS WEEKEND PLANNER
FOR SEPTEMBER 9-11, 2016

 

 

SHREWSBURY RENAISSANCE FAIRE
SAT-SUN – An educational interactive adventure in history, welcoming families and children. Browse the village for unique handmade goods & enjoy 1,000 costumed players, jousting knights, minstrels, troubadours, jongleurs and dancers.

ROSE CITY COMIC CON
SAT-SUN – Fun & family friendly event for everyone. Attend panels, meet comic creators, enjoy access to gaming, sci-fi, cosplay, anime, fantasy and everything in between.

WINGS & WHEELS
SAT – This family friendly event will start off with a 16K run. Check out WWII vehicles, planes, car/truck and motorcycle show, lots of kids activities including a tricycle parade.

BELMONT STREET FAIR
SAT – Featuring live music, beer gardens, over 200 vendors with great food and shopping and kids area with bounce house.

TIGARD STREET FAIR
SAT – Street side vendors, downtown business specials, all day music, community and music stages, kids activities, food, fun and more.

AIDS WALK PORTLAND
SAT – Fun 2.4 mile walk for the whole family through Portland to raise awareness of, and funds for, the fight against HIV/AIDS.

DOWN THE RIVER CLEAN UP OF THE CLACKAMAS
SUN – The Down the River Clean Up is the largest and longest running on-water cleanup event of its kind in Oregon. Over 250 volunteers rally together in rafts, kayaks, and scuba gear, to scour the stream bed and banks for trash, over half of which is recycled.

TIME BASED ART FESTIVAL
Through September 18th – Contemporary art projects that bring artists and audiences together, creating a vibrant community through live performances, music, screenings, workshops, talks, and visual art installations.

MOVIES IN THE PARK
SAT Sept. 10 – Evening after evening, summer nights in Portland Parks offer families and friends the perfect backdrop to renew connections.

PORTLAND SPIRIT SUMMER CONCERT SERIES
Fridays through Sept 30 – Start the weekend early with a one-of-a-kind summer concert cruise series featuring a different local band every week! Includes a two-hour cruise and live entertainment. Bistro style menu and beverages from our full service bars available for purchase on board.

TONY STARLIGHT SHOWROOM
Through Sept 16 – Portland’s premiere dinner and show venue and is the closest thing to a Vegas show in Portland. A truly memorable dinner and show experience, one that you will want to share with friends and family.

OREGON ZOO SUMMER CONCERTS
Through SUN  Oregon’s “wildest” outdoor concert series celebrates 37 years of bringing you world-class artists for a night of music and nature. It wouldn’t be summer in Oregon without an evening of great music at the zoo!

PORTLAND SATURDAY MARKET
SAT-SUN through December – The nation’s largest weekly open-air arts and crafts market. Stroll down row upon row of unique creations made by the people who sell them in Old Town.

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

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

VANCOUVER METRO EVENTS

FLYAWAY WILDLIFE CARVING SHOW
SAT-SUN – The show focuses on hand carved, textured, and painted wood sculptures of birds, fish, and mammals in fifteen competitive divisions.

FARMER’S MARKET – DOWNTOWN
SAT-SUN (through October 30)  Vancouver’s Farmer’s Market. Over 250 vendors with fresh and local produce, flowers, plants, baked goods and much more at 6th & Ester in downtown Vancouver.

FARMERS MARKET – COLUMBIA TECH CENTER
Thursdays Through September 1st – Over 250 vendors with fresh and local produce, flowers, plants, baked goods and much more.

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

NEW MOVIES OUT THIS WEEK

·         Sully
·         When the Bough Breaks
·         The Disappointments Room
·         The Wild Life
·         Come What May
·         Other People
·         Demon

Click here for movie times and theatres.

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

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


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