Portland Metro Weekend Events Planner: August 18-20, 2017

PORTLAND METRO WEEKEND EVENTS PLANNER
FOR AUGUST 18-20, 2017

 

BRICK FEST LIVE
SAT-SUN – A must visit for any Lego fan! Filled with hands-on attractions and activities engineered to inspire, educate, and entertain.

OREGON BIGFOOT FESTIVAL
SAT – Walk beautiful Glenn Otto Park in Troutdale Oregon. Visit the unique food and merchandise vendors. Enjoy carnival-style games and cast your very own Bigfoot mold and more!

PORTLAND BEER & MUSIC FESTIVAL
SAT – Try samples of over 40 craft beers while enjoying live music and DJ’s on 2 stages.

MULTNOMAH VILLAGE VINE & DINE
SUN – Over 35 superb NW wine and food stars will provide an afternoon of wine tastings paired with sweet & savory bites.

DOLL & TEDDY BEAR SHOW
SAT – Enjoy a sales floor full of exhibitors that are the finest in the West with dolls, bears, miniatures, supplies, books and accessories from antique to modern. Also a great selection of dealers as well with wigs, clothes and supplies so be sure to bring your dolly that needs to be prettied up.

OUTER NORTHEAST PORTLAND SUNDAY PARKWAYS
SUN – Come check out our completely new route! This route that begins after Gateway green will bring you home or introduce you to life in the Outer NE. This 6.4 miles route will take you to Knott, Thompson, East Holladay and Hazelwood Hydro Parks. These new parks will be overflowing with music, food, and fun finds.

GARLIC & TOMATO FESTIVAL
SAT – An all-day event that features live bluegrass music, tomato and garlic tastings, fresh fruits and vegetables, craft and art vendors, activities for the kids and a whole lot of fun.

BANKS BBQ, TRUCK & TRACTOR PULL
FRI-SUN – Texas Hold’em poker tournament, car show, pancake breakfast, tractor/truck pull, combine destruction derby and much more.

RADIO CONTROLLED AIR SHOW
FRI-SUN – Join the hundreds of spectators and aviators for an exciting weekend of amateur to expert demonstrations of aircraft and watercraft.

FOREST GROVE UNCORKED
SAT – Featuring Oregon’s abundance of fine wineries, micro-brew beer, spirits, skillfully crafted food, fine arts, and local music talent.

TOP DOWN ROOFTOP CINEMA
Thursdays through August 31 – Music begins at 8PM and films begin around dusk, food and beverages available for purchase. Located atop the Hotel deLuxe’s parking structure at SW 15th and Yamhill.

THURSDAY EARLY ESCAPE CONCERT SERIES
Thursdays through September 28 – A two-hour cruise featuring a different local, live band every Thursday afternoon. Enjoy a relaxing cruise down the Willamette River to help unwind after your week. A bistro plate and a full service bar are available for additional purchase on board.

MOVIES IN THE PARK
Through September 8 – Evening after evening, summer nights in Portland parks offer families and friends the perfect backdrop to renew connections. 12 week schedule with 41 movies at 40 sites around the city.

80’S VIDEO DANCE ATTACK
Through August 26 – Grab your favorite 80’s outfit and head to Lola’s Room. Enjoy your favorite 80’s hits playing all night on their multiple giant screens.

DUELING PIANO SHOW
FRI & SAT (All Month)The Barrel Room lays claim to the longest running dueling piano shows in Portland. The show, which at times can get a “little cheeky,” isn’t just two players banging on pianos for five hours. They boast a Vegas style, request driven, interactive show complete with bits, games, sing-a-longs, comedy and some of the best players in the U.S.

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.

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.

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.

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.

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.

VANCOUVER METRO EVENTS

COLUMBIA RIVER TRIATHLON & MULTI-SPORT FESTIVAL
FRI – Offering something for everyone from a Sprint & Olympic Distance Triathlon, Duathlon & AquaBike, Girlfriends All Womens Triathlon/Duathlon/AquaBike, 5k & 10k runs, Kids Triathlon and so much more! It is one of the most scenic areas with views of the Columbia River, Mt. Hood, Mt. St. Helens and Vancouver Lake.

SPIRIT TALES: WALKING TOURS AT THE VANCOUVER BARRACKS
Through September 3 – Designed by local historian and author Jefferson Davis. Jeff served at the Vancouver Barracks for many years, and has first hand experience with both the spooky and ordinary history of the Vancouver Barracks. Whether you believe in ghosts or not, you will be interested in the stories of the Vancouver Barracks’ past inhabitants.

RUSTY GRAPE: MOVIES ON THE LAWN
Fridays Through September 1 – Visit the Rusty Grape Vineyard Friday evenings for a family friendly movie night. Bring your chair or blanket and enjoy the beautiful summer night.

HEISEN HOUSE: SUMMER CONCERT SERIES
Through September 29 – Enjoy summer concerts among the vines every Friday night at Heisen House Vineyards.

GUIDED WALKS AT COLUMBIA SPRINGS
Through October 18 – Each guided walk consists of an easy stroll or tour with themes such as plants, animals, geology, local history, and the fish hatchery. These events are appropriate for all ages and no registration is required. Spots are available at a first come, first served basis to the first 30 visitors.

VANCOUVER FARMER’S MARKET
SAT through Oct 29 – You’ll discover fresh and local produce, flowers, plants, baked goods, delicious food, pet treats, and accessories for yourself, home, or garden.

COLUMBIA TECH CENTER FARMER’S MARKET
Through August 31 – A pet-friendly place where you can chat with people who have grown or made your purchase, grab a bite to eat, watch the kids play, and enjoy a wonderful, relaxing day.

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
· Shot Caller
· The Hitman’s Bodyguard
· Dave Made A Maze
· Logan Lucky
· The Ice Cream Truck
· 6 Days
· Marjorie Prime
· Union Furnace
· Crown Heights

Click here for movie times and theaters.

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: August 14, 2017

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Fannie Mae released their 2017 Second Quarter Credit Supplement Report This Week in Real Estate concluding that home prices hit an all-time new high, surpassing the previous 2006 peak. Below are a few highlights from the second week of August that influence our business:

* Housing Affordability Inches Lower in Second Quarter. Arising home prices offset a quarter-point drop in mortgage interest rates to move housing affordability slightly lower in the second quarter of 2017, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. In all, 59.4 percent of new and existing homes sold between the beginning of April and end of June were affordable to families earning the U.S. median income of $68,000. This is down from the 60.3 percent of homes sold that were affordable to median-income earners in the first quarter. The national median home price rose to $256,000 in the second quarter of 2017, up from $245,000 in the first quarter. Meanwhile, average mortgage rates fell 25 basis points in the second quarter to 4.08 percent from 4.33 percent in the first quarter.
Full Story… http://eyeonhousing.org/2017/08/housing-affordability-inches-lower-in-second-quarter/

* Early Stage Delinquencies Hit Lowest Level in 17 Years. Delinquencies continued to drop in May, hitting lows not seen in the past decade or even nearly two decades, according to the latest Loan Performance Insights Report from CoreLogic. Mortgages in some stage of delinquency, 30 days or more past due, including those in foreclosure, decreased 0.8 percentage points to 4.5% of mortgages. This is down from May 2016 when the delinquency rate was 5.3%. The foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, decreased to 0.7%, down from 1% last year. The serious delinquency rate, 90 days or more past due, including loans in foreclosure, remained at 2%, unchanged from last month and down 2.6% from May last year. This rate remains the lowest since November 2007 when it was also 2%. Early delinquencies, defined as 30 to 59 days past due, also decreased slightly, hitting 1.9% in May, down from 2% last year, a 17-year low.
Full Story… https://www.housingwire.com/articles/40947-early-stage-delinquencies-hit-lowest-level-in-17-years?eid=322520585&bid=1833309

* Fannie Mae: Home Prices Surpass Housing Boom Peak. Fannie Mae released its 2017 Second Quarter Credit Supplement report when it reported its earnings Thursday, which showed home prices hit an all-time new high, surpassing the previous 2006 peak. Home prices increased 2.4% in the U.S. from the previous peak in the third quarter of 2006 to the second quarter of 2017. While prices are up overall, it varies significantly from state to state. For example, North Dakota had the highest increase, seeing a growth rate of 53.7%, while on the other end of the spectrum, the growth rate in Nevada dropped 24.8% from 2006. Oregon and Washington have experienced a growth rate of 15.0% and 15.7%, respectively, during the same time period.
Full Story… http://www.fanniemae.com/resources/file/ir/pdf/quarterly-annual-results/2017/q22017_credit_summary.pdf

Have a productive week!

Jason


Portland Metro Weekend Event Planner: August 11-13, 2017

PORTLAND METRO WEEKEND EVENTS PLANNER
FOR AUGUST 11-13, 2017

 

ALBERTA STREET FAIR
SAT – Offering an eclectic mix of activities and events showcasing the best of the Alberta Street community including entertainment, music, vendors, food and drink for people of all ages.

BRIDGE PETAL
SUN – Choose from seven different routes ranging from 3 miles to 30 miles. Each one will take you over multiple bridges in Portland. It is the only time each year that the upper deck of the Fremont & Marquam bridges are closed to motorized traffic.

HANDMADE BIKE & BEER FESTIVAL
SAT-SUN – Featuring builders of bike frames & parts, bike films & photos, brewers, food vendors, and live music.

ELEPHANT GARLIC FESTIVAL
FRI-SUNFree festival with garlic, live music, beer and wine garden, food and art vendors.

BEAVERTON NIGHT MARKET
SAT – Offering an activity-filled evening in a gathering space full of ethnic food and crafts for families of all backgrounds in Beaverton.

NORTHWEST FOSSIL FEST
SAT – Learn everything there is to know about fossils! Featuring lectures, displays, kids activities and more!

AURORA COLONY VINEYARDS JAZZ FESTIVAL
SUN – Enjoy a great line-up of musicians in a cool, shaded, intimate outdoor venue. Admission includes a glass of wine and some appetizers.

INDIA FESTIVAL
SUN – Get ready to experience a day of back-to-back dances, musical performances, and food from Portland’s finest Indian restaurants.

TOP DOWN ROOFTOP CINEMA
Thursdays through August 31 – Music begins at 8PM and films begin around dusk, food and beverages available for purchase. Located atop the Hotel deLuxe’s parking structure at SW 15th and Yamhill.

THURSDAY EARLY ESCAPE CONCERT SERIES
Thursdays through September 28 – A two-hour cruise featuring a different local, live band every Thursday afternoon. Enjoy a relaxing cruise down the Willamette River to help unwind after your week. A bistro plate and a full service bar are available for additional purchase on board.

MOVIES IN THE PARK
Through September 8 – Evening after evening, summer nights in Portland parks offer families and friends the perfect backdrop to renew connections. 12 week schedule with 41 movies at 40 sites around the city.

80’S VIDEO DANCE ATTACK
Through August 26 – Grab your favorite 80’s outfit and head to Lola’s Room. Enjoy your favorite 80’s hits playing all night on their multiple giant screens.

DUELING PIANO SHOW
FRI & SAT (All Month)The Barrel Room lays claim to the longest running dueling piano shows in Portland. The show, which at times can get a “little cheeky,” isn’t just two players banging on pianos for five hours. They boast a Vegas style, request driven, interactive show complete with bits, games, sing-a-longs, comedy and some of the best players in the U.S.

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.

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.

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.

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.

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.

VANCOUVER METRO EVENTS

 

CLARK COUNTY FAIR
Through SUNThis year’s fair is sure to provide you and your family endless entertainment and excitement. We have amazing free grandstand entertainment and concerts for plenty of family fun.

VANCOUVER BREWFEST
FRI-SAT – This year’s fair is sure to provide you and your family endless entertainment and excitement. We have free grandstand entertainment and concerts for plenty of family fun.

SPIRIT TALES: WALKING TOURS AT THE VANCOUVER BARRACKS
Through September 3 – Designed by local historian and author Jefferson Davis. Jeff served at the Vancouver Barracks for many years, and has first hand experience with both the spooky and ordinary history of the Vancouver Barracks. Whether you believe in ghosts or not, you will be interested in the stories of the Vancouver Barracks’ past inhabitants.

RIVERVIEW SIX TO SUNSET CONCERTS
THURS – Celebrate summer Thursday evenings while listening to our fantastic bands play the sun down. Bring your family and friends down to Esther Short Park, put down a picnic blanket and some lawn chairs and enjoy.

FRIDAY NIGHT MOVIES IN THE PARK
FRI – Bring your blankets and lawn chairs and enjoy big screen entertainment. All movies are family friendly.

RUSTY GRAPE: MOVIES ON THE LAWN
Fridays Through September 1 – Visit the Rusty Grape Vineyard Friday evenings for a family friendly movie night. Bring your chair or blanket and enjoy the beautiful summer night.

HEISEN HOUSE: SUMMER CONCERT SERIES
Through September 29 – Enjoy summer concerts among the vines every Friday night at Heisen House Vineyards.

GUIDED WALKS AT COLUMBIA SPRINGS
Through October 18 – Each guided walk consists of an easy stroll or tour with themes such as plants, animals, geology, local history, and the fish hatchery. These events are appropriate for all ages and no registration is required. Spots are available at a first come, first served basis to the first 30 visitors.

VANCOUVER FARMER’S MARKET
SAT through Oct 29 – You’ll discover fresh and local produce, flowers, plants, baked goods, delicious food, pet treats, and accessories for yourself, home, or garden.

COLUMBIA TECH CENTER FARMER’S MARKET
Through August 31 – A pet-friendly place where you can chat with people who have grown or made your purchase, grab a bite to eat, watch the kids play, and enjoy a wonderful, relaxing day.

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
· The Glass Castle
· Annabelle: Creation
· The Nut Job 2: Nutty by Nature
· The Nile Hilton Incident
· Good Time
· Pilgrimage
· Catastropico
· Bedeviled

Click here for movie times and theaters.

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: August 7, 2017

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For only the second time in 11 years, and for the second consecutive quarter, the number of owner-occupied households grew faster than renter households over the year according to the U.S. Census Bureau’s Quarterly Housing Vacancies and Homeownership Report released This Week in Real Estate. Below are a few highlights from the first week of August that influence our business:

* Pending Home Sales Recover in June, Grow 1.5 Percent. After declining for three straight months, pending home sales reversed course in June as all major regions, except for the Midwest, saw an increase in contract activity, according to the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator based on contract signings, climbed 1.5 percent to 110.2 in June from an upwardly revised 108.6 in May. At 0.5 percent, the index last month increased annually for the first time since March. The PHSI in the Northeast inched forward 0.7 percent to 98.0 in June, and is now 2.9 percent above a year ago. In the Midwest the index decreased 0.5 percent to 104.0 in June, and is now 3.4 percent lower than June 2016. Pending home sales in the South rose 2.1 percent to an index of 126.0 in June and are now 2.6 percent above last June. The index in the West grew 2.9 percent in June to 101.5, but is still 1.1 percent below a year ago. Heading into the second half of the year, Lawrence Yun, NAR chief economist, expects existing-home sales to finish around 5.56 million, which is an increase of 2.6 percent from 2016 (5.45 million).
Full Story… https://www.nar.realtor/news-releases/2017/07/pending-home-sales-recover-in-june-grow-1-5-percent

* Solid Job Gains in July. In July, the number of employed persons increased by 345,000; the number of unemployed persons was little changed; the number of persons not in the labor force declined by 156,000. All of these favorable changes accounted for the decrease in the unemployment rate and the increase in the labor force participation rate. The unemployment rate was back to the 16-year low of 4.3%, from 4.4% in June. Residential construction employment is now 2.7 million, broken down as 767,000 builders and 1.93 million residential specialty trade contractors. The 6-month moving average of job gains for residential construction now was close to 3,000 a month. Over the last 12 months home builders and remodelers have added 118,300 jobs on a net basis. Since the low point of industry employment following the Great Recession, residential construction has gained 717,200 positions. In July, the unemployment rate for construction workers climbed to 6.1% on a seasonally adjusted basis, from 5.1% in June. After reaching a peak rate of 22% in February 2010, the unemployment rate for the construction occupation had been on a general decline and remained relatively low recently.
Full Story… http://eyeonhousing.org/2017/08/solid-job-gains-in-july/

* Beyond Bottom? Homeownership Rate Creeps Back Up. The homeownership rate crept up close to a full percentage point from one year ago to 63.7 percent in the second quarter, encouraged by more owner household formation, according to the U.S. Census Bureau’s recent Quarterly Housing Vacancies and Homeownership report. The owner household formation rate over took the renter household formation rate in the first quarter, and remained ahead in the second quarter—evidence that the shift toward owner-occupied is more than a one-off trend. Roughly 87 percent of housing was occupied in the second quarter, with 55.5 percent owner-occupied and 31.6 percent renter-occupied. The rate in the second quarter was again highest in the Midwest, at 68 percent, and the South, at 65.5 percent, though both regions have seen minimal movement year-over-year. Rates have gone up year-over-year in the Northeast and West, at 60.4 percent and 58.9 percent in the second quarter, respectively.
Full Story… http://rismedia.com/2017/07/30/beyond-bottom-homeownership-rate-creeps-back-up/?utm_source=newsletter&utm_medium=email&utm_campaign=eNews#close

Have a productive week!

Jason


Portland Metro Weekend Events Planner: Aug. 4-6, 2017

PORTLAND METRO WEEKEND EVENTS PLANNER
FOR AUGUST 4-6, 2017

 

PICKATHON
THURS-SUN – Fun and music for the whole family! Weekend camping available, kids activities, six different venues playing live music all weekend long, vendors & much more.

SOULFUL GIVING BLANKET CONCERT
SAT – A day of music, food, love & hope, where we gather friends to raise money for organizations that support area families battling pediatric cancer. We’re bringing in amazing entertainers and even more amazing restaurants to this 21+ event to make sure it’s one of the most memorable days of your entire summer.

HOT SAUCE EXPO
SAT-SUNPortland Hot Sauce Expo has hot & spicy food vendors, craft beer, eating contests, and a Chihuahua beauty contest Sunday at 2PM in the OMSI bridge parking lot.

INTERNATIONAL PRAISE FESTIVAL
SAT – A festival of praise unto God that features Christian ministries within the Portland Metro area that represent various cultures and ethnicities and offers live Christian music, ethnic dance, children activities, vendor booths and more.

WINGS & WHEELS
SATCruise in, cars/bike & trucks, fly in, street dance, military vehicles, kids activities, vendors, food booths, beer garden and more!

TUALATIN CRAWFISH FESTIVAL
FRI-SAT – Featuring world class musicians, food, and family-friendly entertainment. Carnival games, eating contests, races and more.

FREMONT FEST
FRI – Enjoy a kid, bike and pet parade starting at 10AM, pub crawl at some of our best breweries and restaurants, kids activities and of course great shopping in the streets! Come see our more than 125+ vendors of handmade items, clothing, art, food and so much more.

LENTS FOUNDERS FAIR
SUN – Giving participants an opportunity to explore the neighborhood on foot, experiences the Green Ring, and use the streets for play. Live music, craft vendors, kids area and even a chicken beauty pageant.

TOP DOWN ROOFTOP CINEMA
Thursdays through August 31 – Music begins at 8PM and films begin around dusk, food and beverages available for purchase. Located atop the Hotel deLuxe’s parking structure at SW 15th and Yamhill.

THURSDAY EARLY ESCAPE CONCERT SERIES
Thursdays through September 28 – A two-hour cruise featuring a different local, live band every Thursday afternoon. Enjoy a relaxing cruise down the Willamette River to help unwind after your week. A bistro plate and a full service bar are available for additional purchase on board.

MOVIES IN THE PARK
Through September 8 – Evening after evening, summer nights in Portland parks offer families and friends the perfect backdrop to renew connections. 12 week schedule with 41 movies at 40 sites around the city.

80’S VIDEO DANCE ATTACK
Through August 26 – Grab your favorite 80’s outfit and head to Lola’s Room. Enjoy your favorite 80’s hits playing all night on their multiple giant screens.

DUELING PIANO SHOW
FRI & SAT (All Month)The Barrel Room lays claim to the longest running dueling piano shows in Portland. The show, which at times can get a “little cheeky,” isn’t just two players banging on pianos for five hours. They boast a Vegas style, request driven, interactive show complete with bits, games, sing-a-longs, comedy and some of the best players in the U.S.

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.

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.

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.

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.

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.

VANCOUVER METRO EVENTS

 

CLARK COUNTY FAIR
FRI through August 13This year’s fair is sure to provide you and your family endless entertainment and excitement. We have amazing free grandstand entertainment and concerts for plenty of family fun.

SPIRIT TALES: WALKING TOURS AT THE VANCOUVER BARRACKS
Through September 3 – Designed by local historian and author Jefferson Davis. Jeff served at the Vancouver Barracks for many years, and has first hand experience with both the spooky and ordinary history of the Vancouver Barracks. Whether you believe in ghosts or not, you will be interested in the stories of the Vancouver Barracks’ past inhabitants.

RIVERVIEW SIX TO SUNSET CONCERTS
Thursdays through August 10 – Celebrate summer Thursday evenings while listening to our fantastic bands play the sun down. Bring your family and friends down to Esther Short Park, put down a picnic blanket and some lawn chairs and enjoy.

FRIDAY NIGHT MOVIES IN THE PARK
Fridays Through August 11 – Bring your blankets and lawn chairs and enjoy big screen entertainment. All movies are family friendly.

RUSTY GRAPE: MOVIES ON THE LAWN
Fridays Through September 1 – Visit the Rusty Grape Vineyard Friday evenings for a family friendly movie night. Bring your chair or blanket and enjoy the beautiful summer night.

HEISEN HOUSE: SUMMER CONCERT SERIES
Through September 29 – Enjoy summer concerts among the vines every Friday night at Heisen House Vineyards.

GUIDED WALKS AT COLUMBIA SPRINGS
Through October 18 – Each guided walk consists of an easy stroll or tour with themes such as plants, animals, geology, local history, and the fish hatchery. These events are appropriate for all ages and no registration is required. Spots are available at a first come, first served basis to the first 30 visitors.

VANCOUVER FARMER’S MARKET
SAT through Oct 29 – You’ll discover fresh and local produce, flowers, plants, baked goods, delicious food, pet treats, and accessories for yourself, home, or garden.

COLUMBIA TECH CENTER FARMER’S MARKET
Through August 31 – A pet-friendly place where you can chat with people who have grown or made your purchase, grab a bite to eat, watch the kids play, and enjoy a wonderful, relaxing day.

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
· Kidnap
· The Dark Tower
· We Love You Sally Carmichael
· Step
· The Battleship Island
· Some Freaks
· Wind River
· Fun Mom Dinner
· Brave New Jersey
· Columbus
· Armed Response

Click here for movie times and theaters.

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: July 31, 2017

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While the managing director of the S&P Dow Jones Indices, as well as other economists, contend housing is not repeating a bubble that preceded the Great Recession, ATTOM Data Solutions released This Week in Real Estate that homeowners who sold during the second quarter realized the highest average price gain in ten years. Below are a few highlights from the fourth full week of July that influence our business:

* Case-Shiller: Housing is Not Repeating the Bubble Period. “Home prices continue to climb and outpace both inflation and wages,” said David Blitzer, S&P Dow Jones Indices managing director and chairman of the index committee. “Housing is not repeating the bubble period of 2000 to 2006: price increases vary across the country unlike the earlier period when rising prices were almost universal; the number of homes sold annually is 20% less today than in the earlier period and the months’ supply is declining, not surging.” The small supply of homes for sale is one cause of rising prices. New home construction, higher than during the recession but still low, is another factor in rising prices. “For the last 19 months, either Seattle or Portland was the city with the fastest rising home prices based on 12-month gains,” Blitzer said. “Since the national index bottomed in February 2012, San Francisco has the largest gain. Using Census Bureau data for 2011 to 2015, it is possible to compare these three cities to national averages.” “The proportion of owner-occupied homes is lower than the national average in all three cities with San Francisco being the lowest at 36%, Seattle at 46%, and Portland at 52%,” he said. “Nationally, the figure is 64%. The key factor for the rise in home prices is population growth from 2010 to 2016: the national increase is 4.7%, but for these cities, it is 8.2% in San Francisco, 9.6% in Portland and 15.7% in Seattle. A larger population combined with more people working leads to higher home prices.”
Full Story… https://www.housingwire.com/articles/40772-case-shiller-housing-is-not-repeating-the-bubble-period?eid=322520585&bid=1821427

* U.S. Home Sellers Realized Average Price Gain of $51,000 in Second Quarter of 2017, Highest in 10 Years. Homeowners who sold in the second quarter realized an average price gain of $51,000 since purchase – the highest average price gain for home sellers since Q2 2007, when it was $57,000. The average home seller price gain of $51,000 in Q2 2017 represented an average return of 26 percent on the previous purchase price of the home, the highest average home seller return since Q3 2007, when it was 27 percent. The report also show that homeowners who sold in the second quarter had owned an average of 8.05 years, up from 7.85 years in the previous quarter and up from 7.59 years inn Q2 2016 to the longest average homeownership tenure as far back as data is available, Q1 2000.
Full Story… http://www.realtytrac.com/news/home-prices-and-sales/q2-2017-home-sales-report/

* Consumers Grow More Confident in Future of Economy. Consumers’ assessment of their current conditions remained at a 16-year high even as their confidence in the future edged higher, according to the Consumer Confidence Survey conducted by The Conference Board by Nielsen. The Consumer Confidence Index increased to 121.1 in July up from 117.3 in June. The Present Situation Index increased from 143.9 last month to 147.8 in July and the Expectations Index increased to 103.3, up from 99.6 last month. “Overall, consumers foresee the current economic expansion continuing well into the second half of this year,” said Lynn Franco, The Conference Board Director of Economic Indicators.
Full Story… https://www.housingwire.com/articles/40775-consumers-grow-more-confident-in-future-of-economy?eid=322520585&bid=1821427

 

Have a productive week!

Jason


Portland Metro Weekend Event Planner: July 28-30, 2017

PORTLAND METRO WEEKEND EVENTS PLANNER
FOR JULY 28-30, 2017

 

WASHINGTON COUNTY FAIR
THURS-SUN – Enjoy Big Fair Fun! Carnival rides, live music, animals shows and exhibits, live music, kids village, food, tons of vendors and so much more!!

OREGON BREWERS FESTIVAL
WED-THURS – There’s no better place to sip more than 90 independent craft beers with friends along the banks of the Willamette River. Whether you prefer Belgians or Blondes, Pales or Pilsners, Saisons or Sours – come to the Oregon Brewers Festival and see for yourself why we’re one of the world’s best loved craft beer festivals!

WILLAMETTE RIVER FESTIVAL
SUN – A celebration on the waterfront with live music, food carts, an environmental fair, live fish displays, dance troupes, walking tour of future Greenway trail portions & more.

PORTLAND VINTAGE RACING FESTIVAL
THURS-SUN – Offers three full days of racing for all SVRA race groups. Whether you’re a driver, entrant in the Hagerty Show and Shine Car show, or fan there is a unique fun racing experience for you.

RENEGRADE CRAFT FAIR
SAT-SUN – An outdoor summer weekend celebration of all things handmade! Featuring a curated roster of local maker and artisan talent, festivities will include food trucks, vintage treasures, DJ sets, photo ops, and all-around good times to provide a truly one-of-a-kind shopping experience.

MONTAVILLA STREET FAIR
SUN – SE Stark Street between SE 82nd and SE 76th will be closed to car traffic for music, games, vendors, shopping, fun and so much more! Come celebrate the beautiful Montavilla District!

PORTLANDIA MERMAID PARADE
SAT – A free family friendly, gender neutral, and body positive event celebrating water mythology and all things mermaid. Opening ceremony, parade and beach party.

SIRENS MASQUERADE BALL
SAT – An elegant, 21+ sultry costume ball celebrating sirens, mermaids, and all things related to water mythology from around the world. Featured in an intimate setting with a beautiful view of the Portland city skyline and Willamette River.

MOVIES IN THE PARK
Through September 8 – Evening after evening, summer nights in Portland parks offer families and friends the perfect backdrop to renew connections. 12 week schedule with 41 movies at 40 sites around the city.

CHAMBER MUSIC NORTHWEST SUMMER FESTIVAL
Through July 30 – Enjoy extraordinary music throughout the month at various locations. Check the schedule for times and locations and see which shows are free.

80’S VIDEO DANCE ATTACK
Through August 26 – Grab your favorite 80’s outfit and head to Lola’s Room. Enjoy your favorite 80’s hits playing all night on their multiple giant screens.

DUELING PIANO SHOW
FRI & SAT (All Month)The Barrel Room lays claim to the longest running dueling piano shows in Portland. The show, which at times can get a “little cheeky,” isn’t just two players banging on pianos for five hours. They boast a Vegas style, request driven, interactive show complete with bits, games, sing-a-longs, comedy and some of the best players in the U.S.

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.

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.

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.

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.

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.

VANCOUVER METRO EVENTS

 

3 DAYS OF ALOHA
THURS-FRI – Sway to the rhythm as hula dancers and Polynesian singers filled the park with the heartbeat of their cultures. Raffles, keiki (kids) activities, arts and crafts, business and delicious food vendors round out this two day long outdoor festival which is now considered the third largest annual event at Esther Short Park.

RIVERVIEW SIX TO SUNSET CONCERTS
Thursdays through August 10 – Celebrate summer Thursday evenings while listening to our fantastic bands play the sun down. Bring your family and friends down to Esther Short Park, put down a picnic blanket and some lawn chairs and enjoy.

FRIDAY NIGHT MOVIES IN THE PARK
Fridays Through August 11 – Bring your blankets and lawn chairs and enjoy big screen entertainment. All movies are family friendly.

RUSTY GRAPE: MOVIES ON THE LAWN
Fridays Through September 1 – Visit the Rusty Grape Vineyard Friday evenings for a family friendly movie night. Bring your chair or blanket and enjoy the beautiful summer night.

HEISEN HOUSE: SUMMER CONCERT SERIES
Through September 29 – Enjoy summer concerts among the vines every Friday night at Heisen House Vineyards.

GUIDED WALKS AT COLUMBIA SPRINGS
Through October 18 – Each guided walk consists of an easy stroll or tour with themes such as plants, animals, geology, local history, and the fish hatchery. These events are appropriate for all ages and no registration is required. Spots are available at a first come, first served basis to the first 30 visitors.

VANCOUVER FARMER’S MARKET
SAT through Oct 29 – You’ll discover fresh and local produce, flowers, plants, baked goods, delicious food, pet treats, and accessories for yourself, home, or garden.

COLUMBIA TECH CENTER FARMER’S MARKET
Through August 31 – A pet-friendly place where you can chat with people who have grown or made your purchase, grab a bite to eat, watch the kids play, and enjoy a wonderful, relaxing day.

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· The Emoji Movie
· Atomic Blonde
· Imperfections
· A Family Man
· An Inconvenient Sequel
· Brigsby Bear
· Person to Person
· The Conway Curve

Click here for movie times and theaters.

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: July 24, 2017

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The National Association of Realtors released a report This Week in Real Estate that concluded the investment in U.S. real estate by foreign buyers reached a record high of $153 billion in sales volume for the 12-month period between April 2016 and March 2017. Below are a few highlights from the third full week of July that influence our business:

* Single-Family Starts Bounce Back in June. Total housing starts bounced back in June after a weak May. Total starts increased 8.3% to a 1.215 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD. Single-family starts moved forward, increasing to an 849,000 annual rate in June. Single-family starts are up 8% year-to-date compared to 2016 as limited existing inventory and solid builder confidence make for positive market conditions for additional building. Single-family permits were up 4% in June. On a year-to-date basis, single-family permits are almost 11% higher compared to this time in 2016. Multifamily starts also increased in June, after five consecutive months of decline. Multifamily starts were up 13% in June, but are down 5% on a year-to-date basis. This matches our forecast expecting a small decline in multifamily construction in 2017. With respect to housing’s economic impact, 57% of homes under construction in June were multi-family (610,000). There were 460,000 single-family units under construction, a gain of 7% from this time in 2016.
Full Story… http://eyeonhousing.org/2017/07/single-family-starts-bounce-back-in-june/

* Foreign Investment in U.S. Real Estate Surges 49% to Record $153 Billion in Sales Volume. Foreign investment in the U.S. housing market saw an explosion of growth from last year as it surged to an all-new high. This increase was fueled by an increase in sales dollar volume from Canadian buyers, but transactions grew in all five of the top countries, according to the 2017 Profile of International Activity in U.S. Residential Real Estate report from the National Association of Realtors. Nearly half of all foreign sales were in three states: Florida, California and Texas. Between April 2016 and March 2017, foreign buyers and recent immigrants purchased $153 billion of residential property, which is a 49% jump from 2016 ($102.6 billion) and surpasses 2015 ($103.9 billion) as the new survey high. Overall, 284,455 U.S. properties were bought by foreign buyers (up 32% from 2016), and purchases accounted for 10% of the dollar volume of existing-home sales (8% in 2016). Although China maintained its top position in sales dollar volume for the fourth straight year, the significant rise in foreign investment in the survey came from a massive hike in activity from Canadian buyers. After dipping in the 2016 survey to $8.9 billion in sales ($11.2 billion in 2015), transactions from Canadians this year totaled $19 billion – a new high for Canada. Buyers from China exceeded all countries by dollar volume of sales at $31.7 billion. Chinese buyers also purchased the most housing units for the third consecutive year (40,572 units). Rounding out the top five, the sales dollar volume from buyers in Canada ($19 billion), the United Kingdom ($9.5 billion), Mexico ($9.3 billion) and India ($7.8 billion) all increased from their levels one year ago.
Full Story… https://www.nar.realtor/news-releases/2017/07/foreign-us-home-sales-dollar-volume-surges-49-percent-to-record-153-billion

* Credit Availability Hits Highest Level Since 2016. Credit availability remained historically tight in the first quarter of 2017, but increased slightly from the previous quarter to the highest level since 2016. The credit availability index from Housing Finance Policy Center shows mortgage credit availability increased 5.4 in the first quarter. This is up from 5.2 in the fourth quarter. The HCAI measures the percentage of home purchase loans that are likely to default, go unpaid for more than 90 days past their due date. A lower HCAI indicates that lenders are unwilling to tolerate defaults and are imposing tighter lending standards, making it harder to get a loan. A higher HCAI indicates that lender are willing to tolerate defaults and are taking more risks, making it easier to get a loan. Credit availability at Fannie Mae and Freddie Mac remains at the highest level since its low in 2011. Earlier this summer, Fannie Mae raised its debt-to-income ratio requirement to further expand mortgage lending. The Urban Institute pointed out there is still plenty of space to expand the credit box. If the current default risk doubled across all channels, risk would remain within the standard 12.5% seen in the 2001 to 2003 mortgage market.
Full Story… https://www.housingwire.com/articles/40689-credit-availability-hits-highest-level-since-2016?eid=322520585&bid=1812874

Have a productive week!

Jason


Portland Metro Weekend Events Planner: July 21-23, 2017

PORTLAND METRO WEEKEND EVENTS PLANNER
FOR JULY 21-23, 2017

SEADOG NIGHTS & GYPSY CARNIVAL
THUR-MON – Spend a weekend living like a pirate, dressed up in your Pirate or Gypsy best, camping with a whole city of others like you.  Enjoy games, contests, kids activities, parties, performances, workshops and vendors the way you think Pirates or Gypsies might!

SLAVIC FESTIVAL
SAT-SUN – Enjoy art, music, dance, food, kids activities and vendors from Armenia, Russia, Serbia & the Ukraine at this fun Slavic festival.

PUCKERFEST
THUR-MON – Check out 50 sour, wild and funky beers at Belmont Station.

PORTLAND WORLD REFUGEE DAY
SAT – A day celebrated around the world to honor the strength and resilience of refugees. Fashion shows, international dances and performances, soccer & much more.

DIVISION/CLINTON STREET FAIR & PARADE
SAT – This SE Portland Street Fair will take place in and around SE 26th and Clinton Streets. The parade will begin at 10:45 am.

ARTSPLASH
FRI-SUN – Northwest artists will be showcasing their talents in watercolor, acrylics, photography, oil, jewelry, ceramics, and more in Tualatin.

FIRST CITY CELEBRATION
SAT – Live music all day, arts and crafts, kid zone, wine vendors, beer gardens and much more in downtown Oregon City.

BEAVERTON NIGHT MARKET
SAT – Check out the vibrant, intercultural, family-friendly space that is reminiscent of night markets internationally.

DOG SHOW
FRI-SUN Stumptown Cluster – Portland Kennel Club Dog Show has specialty breeds on Friday and all breeds on Saturday and Sunday at Portland Expo Center. Free.

MOVIES IN THE PARK
Through September 8 – Evening after evening, summer nights in Portland parks offer families and friends the perfect backdrop to renew connections. 12 week schedule with 41 movies at 40 sites around the city.

CHAMBER MUSIC NORTHWEST SUMMER FESTIVAL
Through July 30 – Enjoy extraordinary music throughout the month at various locations. Check the schedule for times and locations and see which shows are free.

80’S VIDEO DANCE ATTACK
Through August 26 – Grab your favorite 80’s outfit and head to Lola’s Room. Enjoy your favorite 80’s hits playing all night on their multiple giant screens.

DUELING PIANO SHOW
FRI & SAT (All Month)The Barrel Room lays claim to the longest running dueling piano shows in Portland. The show, which at times can get a “little cheeky,” isn’t just two players banging on pianos for five hours. They boast a Vegas style, request driven, interactive show complete with bits, games, sing-a-longs, comedy and some of the best players in the U.S.

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.

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.

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.

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.

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.

 

VANCOUVER METRO EVENTS

 

CIVIL WAR REENACTMENT at FORT VANCOUVER
SAT – Volunteers from the 1st Oregon Volunteer Infantry, a local living history group, will set up a Civil War era encampment on the Vancouver Barracks Parade Ground. Learn about military life during the 1860s and watch black powder musket demonstrations.

CAMAS DAYS
FRI-SAT – Expect to see arts & craft vendors, gated wine microbrew street, and food streets, concerts in the park, two parades, the ducky derby, the kids activities street, a softball tournament and the famous bathtub races in front of City Hall. Join the fun in Camas!

RIVERVIEW SIX TO SUNSET CONCERTS
Thursdays through August 10 – Celebrate summer Thursday evenings while listening to our fantastic bands play the sun down. Bring your family and friends down to Esther Short Park, put down a picnic blanket and some lawn chairs and enjoy.

FRIDAY NIGHT MOVIES IN THE PARK
Fridays Through August 11 – Bring your blankets and lawn chairs and enjoy big screen entertainment. All movies are family friendly.

RUSTY GRAPE: MOVIES ON THE LAWN
Fridays Through September 1 – Visit the Rusty Grape Vineyard Friday evenings for a family friendly movie night. Bring your chair or blanket and enjoy the beautiful summer night.

HEISEN HOUSE: SUMMER CONCERT SERIES
Through September 29 – Enjoy summer concerts among the vines every Friday night at Heisen House Vineyards.

GUIDED WALKS AT COLUMBIA SPRINGS
Through October 18 – Each guided walk consists of an easy stroll or tour with themes such as plants, animals, geology, local history, and the fish hatchery. These events are appropriate for all ages and no registration is required. Spots are available at a first come, first served basis to the first 30 visitors.

VANCOUVER FARMER’S MARKET
SAT through Oct 29 – You’ll discover fresh and local produce, flowers, plants, baked goods, delicious food, pet treats, and accessories for yourself, home, or garden.

COLUMBIA TECH CENTER FARMER’S MARKET
Through August 31 – A pet-friendly place where you can chat with people who have grown or made your purchase, grab a bite to eat, watch the kids play, and enjoy a wonderful, relaxing day.

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

  • First Kill
  • Dunkirk
  • Girls Trip
  • Valerian and the City of a Thousand Planets
  • The Untamed
  • Landline
  • Scales: Mermaids are Real
  • Amnesia
  • Killing Ground

Click here for movie times and theaters.

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

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


8 Top Real Estate Mistakes

 

Get insider secrets to avoid costly blunders on the most important investment of your life.

SELLERS:

Failing to Showcase your Home
When you are selling your house, you have to look at it objectively from the viewpoint of the house hunter. Make minor enhancements to the house, perhaps hiring a professional stager to arrange your furniture. Staging is about decorating your house for the buyers’ taste, not yours. Home staging is designed to increase the potential selling price and reduce the amount of time the house stays on the market.

Setting a High Listing Price
To price your home, your agent will suggest a figure that is comparable to what the homes in your neighborhood have sold for, unless you have upgraded features. It’s always better to price a home this way rather than start too high and have to reduce. Once you reduce, people may think something is wrong with the home.

Doing Major Renovations Before Selling
Minor upgrades usually have a higher return on your money than tackling major renovations before placing a home on the market. The main reason? Huge construction projects always cost more than you think and take longer than expected.

Not Hiring an Agent
There’s a lot more to selling a house than just putting a sign on the front lawn. If you don’t have an agent, you will miss out on somebody negotiating on your behalf. It is really important to have someone on your side who understands all the complexities, paperwork, and legalities.

BUYERS

Buying What You Want–Not What You Need
Look at the space you already live in. It will help you realize what you have been missing and what you need in your next home. Make a list and ask your agent to start shopping based on those needs.

Overlooking Hidden Costs
Buying a home is not just about the money you spend up front. Find out what the property taxes are, what your water and other utilities might cost, possible HOA fees, insurance, and if you need to factor in furnishings or renovation costs.

Buying a Home Without an Inspection
A professional home inspection can reveal many things about a property that are not visible to the naked eye. Be sure to hire someone who comes with a good referral, who’s been in the business a while and knows what to look for. Once you find an inspector, make sure they compile a written report, complete with photos. Photographs are important because there are areas a home inspector will look at that you might not see.

Skipping the Loan Pre-Approval Process
When you are pre-approved, the bank is saying, “we will give you a mortgage of up to this amount, so now all you have to do is find your home.” Some sellers only allow real estate agents to show their house if someone has a pre-approved letter. That indicates that the shopper really is serious about buying a home.

Article courtesy of HGTV.com


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