This Week in Real Estate: October 24, 2016

image001

The return of the first-time homebuyer was welcomed news This Week in Real Estate, as they accounted for 34% of September sales, the highest portion in more than four years. Below are a few highlights from the third week of October that influence our business:

* Five Notable Nuggets From NAR’s Home Buyer and Sellers Survey’s 35-Year History. When the first Profile of Home Buyers and Sellers was introduced 35 years ago by the National Association of Realtors, mortgage rates were over four times higher than they are today and first-time buyers made up a much larger share of overall sales (44%). Over time, homebuyer tastes and behaviors have changed, yet many have stayed the same. To mark the 35th year of NAR’s highly-anticipated survey capturing the pulse of buyers and sellers, here are five notable trends from the past three-and-a-half decades: (1) participation from first-time buyers is depressed, (2) the internet is not replacing a real estate agent, (3) buyers have bought slightly bigger, but the pace is currently at a standstill, (4) down payments have trended down over time, but not in recent years and (5) the home search is taking longer; tight inventory has slowed the pace in past two years.
Full Story… http://www.realtor.org/news-releases/2016/10/five-notable-nuggets-from-nar-s-home-buyer-and-sellers-survey-s-35-year-history

* Single Family Rental Returns Drop to Nine-Year Low in 2016 as Institutional Investor Purchases Rise in 68% of Local Markets. ATTOM Data Solutions released its Q3 2016 Single Family Rental Market Report on Thursday, which found that average single family rental returns dropped to a nine-year low for homes purchased so far in 2016 among 473 U.S. counties analyzed for the report. The average annual gross rental yield among the 473 counties was 8.7 percent for properties purchased in the first seven months of 2016, down from an average of 8.8 percent for the same time period in 2015 to the lowest level since 2007, when the average gross rental yield across the 473 counties was 7.3 percent. Nationwide, 2.7 percent of all single family homes that sold in the first seven months of 2016 were purchased by institutional investors (entities purchasing at least 10 properties in a calendar year).
Full Story… http://www.realtytrac.com/news/home-prices-and-sales/q3-2016-single-family-rental-market-report/

* Sales Surge Thanks to First-Time Buyers at 4-Year High. There is a lot of upbeat news in the September existing home sales report released by NAR on Thursday. Sales rebounded sharply and the improvement was seen in all four regions. More good news, NAR attributed part of that to increased participation from first-time homebuyers, a group that has worried the housing industry by its relative absence. Total existing home sales during the month, including single-family homes, townhomes, condos, and co-ops, rose 3.2 percent to a seasonally adjusted annual rate of 5.47 million. First-time buyers accounted for 34 percent of sales, the highest portion in more than four years. Existing-home sales in the West jumped 5.0 percent to an annual rate of 1.25 million, up 1.6 percent year-over-year. The median price in the West was $345,400, an 8.1 percent annual gain.
Full Story… http://www.mortgagenewsdaily.com/10202016_existing_homes.asp

Have a productive week.

Jason

Portland Metro Weekend Events Planner: Oct. 21-23, 2016

PORTLAND METRO EVENTS WEEKEND PLANNER
FOR OCT. 21-23, 2016

PORTLAND VEGFEST
SAT-SUNPortland VegFest offers free samples, films, cooking demonstrations, 100 exhibitors, speakers, and tasty food at the Oregon Convention Center.

THE MAGICAL MUSIC OF DISNEY
Through October 30th – More concert than traditional musical, The Magical Music of Disney brings together over 60 Disney hits from Snow White, Frozen, Beauty and the Beast and more—all in 90 minutes.

SALMON HOMECOMING
SAT-SUN – Nothing says “Pacific Northwest” like the annual return from the ocean of salmon, fighting upstream to spawn and die in the rivers of their birth. In October, witness this ancient, iconic phenomenon at Oxbow Regional Park along the Sandy River, one of the nation’s designated Wild and Scenic rivers. During the annual Salmon Homecoming, naturalists are on hand to help you see the salmon and explore other aspects of the park’s 1,000 acres of old-growth forest, hiking trails, equestrian trails, and river beaches. Take the chill off around the campfire. Hot drinks provided.

RETRO GAMING EXPO
FRI-SUN – Listen to panels, visit the game making workshop, view tournaments and a film screening, play games, listen to live music and more!!

GREAT NW BEER AND WINE FEST
SAT – Visit vendors from local breweries, restaurants & more while enjoying live music at the Portland Expo Center.

GREAT AMERICAN SPIRITS FESTIVAL
SAT – This festival is a gathering of distillers from across the country to share their products, passion and expertise in handcrafting spirits. There will be tastings, seminars, a mixology contest for bartenders and more!

INTIMATE ILLUSIONS
SUN – Filled with world-class magic, fantastic story-telling, audience participation and incredible live music by Celine Dion’s concert cellist, this intimate performance weaves original, thought-provoking illusions, wit, humor, and dazzling live music together with an entertaining theatrical twist.

KILLER BEER WEEK
Through SUN – Celebrating eight strong years of bringing craft beer news and events to the craft beer drinkers of the Pacific Northwest.

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

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 SAT – 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.

CAT IN THE HAT
Through SUN – 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 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

FAMILY NATURE FEST
SAT – A low-cost event to get local families outside without having to leave town, because being outside is good for our health and for our sense of community. The event also teaches families about the nature in our own backyards, and the why’s and how’s of how they can help protect it for future generations. 

DRINK THIS!
SAT – A chance to meet the makers of artisan beverages! This is a free event open to anyone. No signups, just show up at one of our locations, get your map, and choose your route.

CLARK COUNTY SCAREGROUNDS
Through October 31st – The Northwest’s premier all-ages Halloween event located on the 170-acre Clark County Event Center. 4 haunted houses, carnival, games & much more!

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.

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

·         Keeping Up with the Joneses
·         Ouija: Origin of Evil
·         Jack Reacher: Never Go Back
·         Boo: A Madea Halloween
·         Fear, Inc
·         Good Kids

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: Oct. 17, 2016

image001
Reports released This Week in Real Estate by ATTOM Data Solutions and CoreLogic about the pre-recession levels of foreclosure activity and inventory the country is experiencing dominate headlines. Below are a few highlights from the second week of October that influence our business:

* September Foreclosure Activity Decreases 24% From a Year Ago to Lowest Level Since December 2005. ATTOM Data Solutions released its September and Q3 2016 U.S. Foreclosure Market Report on Thursday, which shows a total of 82,972 properties with foreclosure filings – default notices, scheduled auctions or bank repossessions – in September, down 13 percent from the previous month and down 24 percent from a year ago to the lowest level since December 2005. There were a total of 293,190 U.S. properties with foreclosure filings in Q3 2016, up 4 percent from the previous quarter but down 10 percent from a year ago. It was the fourth consecutive quarter where foreclosure activity has decreased on a year-over-year basis. “While we’ve known that the national foreclosure problem has been dying a long, slow death for quite some time, the final nail in the coffin of the foreclosure crisis is the year-over-year decrease in the average foreclosure timeline nationwide that we saw in Q3 2016 – the first time that’s happened since we began tracking foreclosure timelines in Q1 2007,” said Daren Blomquist, senior vice president at ATTOM Data Solutions.
Full Story…  http://www.realtytrac.com/news/foreclosure-trends/september-and-q3-2016-foreclosure-market-report/

* CoreLogic: Foreclosure Inventory Drops to Less Than 1% Nationally. CoreLogic released its August 2016 National Foreclosure Report on Tuesday which shows the foreclosure inventory declined by 29.6 percent and completed foreclosures declined by 42.2 percent compared with August 2015. The number of completed foreclosures nationwide decreased year over year from 64,000 in August 2015 to 37,000 in August 2016, representing a decrease of 69 percent from the peak of 118,221 in September 2010. As of August 2016, the national foreclosure inventory included approximately 351,000 or 0.9 percent, of all homes with a mortgage compared with 499,000 homes, or 1.3 percent, in August 2015. The August 2016 foreclosure inventory rate is the lowest it’s been since July 2007. The number of mortgages in serious delinquency (defined as 90 days or more past due including loans in foreclosure or REO) declined by 20.6 percent from August 2015 to August 2016, with 1.1 million mortgages, or 2.8 percent, the lowest level since September 2007.
Full Story…  http://www.corelogic.com/about-us/news/corelogic-reports-37,000-completed-foreclosures-in-august-2016.aspx

* Home Appraisals Continue to Fall Below Owner Perceptions Nationally. According to Quicken Loans’ national Home Price Perception Index (HPPI) appraisals across the country were an average of 1.56 percent lower than what refinancing homeowners expected in August. The trend of owners overestimating their home’s value when refinancing continued in August, with appraisals falling 1.56 percent lower than owners’ expectations in the national HPPI. However, the gap between valuation opinions of appraisers and owners edged closer to equilibrium since last month when appraisals were 1.69 percent lower than expected. Despite the nationwide trend, appraised values were higher than owners’ estimates in nearly half of the metro areas examined by the study. The report varied nationally with some areas showing nearly identical estimates and values; while many western cities reported higher appraisals, like Denver where home values were as much as 3 percent higher than expected.
Full Story…  http://www.quickenloans.com/press-room/2016/09/13/home-appraisals-fall-owner-perceptions-nationally-home-value-growth-leaps-forward/

Have a productive week!

Jason

Portland Metro Weekend Events Planner: Oct. 14-16, 2016

PORTLAND METRO EVENTS WEEKEND PLANNER
FOR OCT. 14-16, 2016

 

PORTLAND PET EXPO
SAT-SUN – Bring your pet! The Portland Pet Expo features everything from adoptions, discounted vaccinations, demonstrations, the latest and greatest products, free nail trimmings and much more! 

HERE & THERE TRAVEL FEST
SAT-SUN – Filled with travel experts, attractions, exhibitors, savings and travel giveaways. You’ll find everything you need to start your next adventure.

KILLER BEER WEEK
Through October 23rd – Celebrating eight strong years of bringing craft beer news and events to the craft beer drinkers of the Pacific Northwest.

CITY CIDER FESTIVAL
FRI-SAT – Join what will soon be the largest cider event in the Pacific Northwest. Also featuring beer, wine and spirits, great food and live music. Open to all ages.

THE MAGICAL MUSIC OF DISNEY
Through October 30th – More concert than traditional musical, The Magical Music of Disney brings together over 60 Disney hits from Snow White, Frozen, Beauty and the Beast and more—all in 90 minutes.

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

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 SUN 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 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

COUVFEST NW 2016
FRI-SAT – A festival to showcase Vancouver bands. Couvfest NW will have food vendors and a beer garden, and of course, live music! Free to all ages.

CLARK COUNTY SCAREGROUNDS
Through October 31st – The Northwest’s premier all-ages Halloween event located on the 170-acre Clark County Event Center. 4 haunted houses, carnival, games & much more!

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.

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

·         Max Steel
·         Coming Through the Rye
·         Kevin Hart: What Now?
·         Ordinary World
·         Priceless
·         Christine

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.


14 Things Only People from Oregon Will Understand

The state of Oregon is arguably one of the greatest places to live in the country. There are mild winters, great coffee, and with a high desert, dense forests, and the Pacific coastline, there’s always something to look at. It’s also a wonderfully quirky place to call home. Here are 14 things only people from Oregon will understand.

14. Portlandia

via GIPHY

The sketch television series Portlandia, starring Fred Armisen and Carrie Brownstein, is so spot on that even though the rest of the country may be laughing at it, only people from Oregon really get all of the jokes.

13. Breweries and Microbreweries

brewery in portland

MaxyM / Shutterstock

There are well over 200 breweries and microbreweries in the state, making beer kind of a big deal in Oregon. The Oregon Brewers Festival is held each year, gathering independent craft brewers from all around the United States.

12. Drinking Out of Mason JarsJeff Wasserman / Shutterstock

What else are you suppose to drink your organic microbrew beers in? Mason jars have had a recent surge in popularity and many bars and restaurants across the country have been serving up beverages in these hipster glasses, but rest assured that trend began in Oregon.

11. Football is Huge

It may be surprising that such a hippy-influenced state can be so passionate about a contact sport, but Oregon takes their football seriously. From the Oregon Ducks, OSU Beavers to the Portland Vikings, fans go wild for their favorite team and every game gets turned into a big party.

10. Recycling is a Must

recycling-bin
Recycling, as well as composting, is a must if you’re from Oregon. In fact, if you don’t recycle be prepared to have others shame you into buying a green bin. Seeing as how you’re living in such a beautiful place, it’s important to want to keep it that way, and that’s why the recycling programs in Oregon are so popular.

9. Tie-Dye Clothing and Birkenstocks

via GIPHY

You’ll proudly wear tie-dye clothes and Birkenstock sandals, even if people from other states make fun of you incessantly for it. One of the best things about living in Oregon is not being judged for who you are or what you wear. So, you do you.

8. Visits to the Naturopathic Doctor

wavebreakmedia / Shutterstock
You’ll make frequent visits to your naturopathic doctor. Or your acupuncturist. Or your herbalist. Because health is such a big concern for you, you don’t think twice before trying out the newest fad, or relying on the one person you’ve been going to for years.

7. Living in a Constant Drizzle

via GIPHY

Especially in the winter months, the rain can seem incessant. Even though you may complain about it to coworkers, you’ve come to love it. And you’ve invested in a good pair of rain boots and an umbrella years ago, so you’re prepared for the wettest of days.

6. Cheap Movie Tickets

Javier Rhodes / Shutterstock

Javier Rhodes / Shutterstock

If you go anywhere else in the country and find yourself at a movie theatre, you’ll be shocked to see how much your tickets will cost you. Movie tickets in Oregon are so cheap, you can find some for $2-$3 per person. It’s almost 10 times as much in other states.

5. Cycling, Almost Anywhere

via GIPHY

Most people in Oregon own bikes instead of cars and take their bikes with them everywhere, even on the really rainy days. It’s good for the environment and you never have to worry about parking!

4. The Vegan Lifestyle

vegan

xamnesiacx / Shutterstock

Being a Vegan is a lot easier in Oregon than other parts of the country, thanks to the wide array of delicious vegan restaurants across the state. But don’t get us wrong; there are countless top-notch options for meat-eaters in Oregon as well.

3. No Other Coffee Will Quite Compare


There’s no denying that some of the best coffee in the country can be found in Oregon. There’s just something about the passion and care that goes into serving the perfect cup of joe that you don’t see anywhere else. That’s probably why most people in Oregon are hooked on caffeine.

2. How Cool The 70s Were Here

shutterstock_216025750-1

michaelangeloop / Shutterstock

You wish you were around to experience Oregon in the 1970s. Thanks to the revolutionary influences of the past, your home state lives a very liberal and laid-back lifestyle. Which is why you’ll find yourself daydreaming of being back where it all began.

1. VooDoo Doughnuts


Even if you don’t live in Portland or Eugene you’ll travel hours out of the way to hit up VooDoo for their doughnuts. It’s one of the best things about living in Oregon, knowing these delicious donuts are nearby. With flavors like maple bacon and Arnold Palmer, you really can’t go wrong. Remember, good things come in pink boxes.

 

Featured Image P/C: Peerasith Patrick Triratpadoongphol / Shutterstock


This Week in Real Estate: Oct. 3, 2016

image001
Consumer confidence hits its highest level in nine years This Week in Real Estate while cash sales hit a nine year low. Below are a few highlights from the fourth week of September that influence our business:

* Consumer Confidence Hits Highest Level Since Recession. Consumer confidence hit its highest level in nine years according to the Consumer Confidence Survey conducted by The Conference Board by Nielsen. Consumer confidence increased in September to 104.1, up from 101.8 in August. The Present Situation Index increased from 125.3 to 128.5 and the Expectations Index both increased from 86.1 to 87.8. The value is adjusted monthly based on results of a household survey of consumers’ opinions on current conditions and future economic expectations. “Consumers’ assessment of present-day conditions improved primarily the result of a more positive view of the labor market,” said Lynn Franco, The Conference Board Director of Economic Indicators.
Full Story…  http://www.housingwire.com/articles/38136-consumer-confidence-hits-highest-level-since-recession?eid=322520585&bid=1540391

* New Home Sales: Solid August Follows Hot July. Sales of newly-built, single family homes fell 7.6% on a monthly basis in August to a 609,000 seasonally adjusted annual rate according to estimates from the Census Bureau and HUD. However, the monthly changes makes the fact that the August pace of new home sales was the second strongest since the end of the Great Recession. New home sales for August were almost 21% stronger than August of 2015, and on a year-to-date basis, sales of new single-family homes are 13.3% higher than this time last year. The trend is rising for new home sales, and NAHB expects continued growth in the year ahead given tight new and existing home inventories. The regional numbers reveal strong gains in the West, with sales up 35% from the pace recorded in August 2015. Inventory remains tight and continues to support our forecast of continuing single-family construction gains into 2017. Demand should continue to grow, and industry growth will be limited by supply-side concerns, most notably lack of labor and lots. The third “L” of the supply-side of the market (AD&C Lending), continues to expand, with residential construction loans up more than 16% over last year.
Full Story…  http://eyeonhousing.org/2016/09/new-home-sales-solid-august-follows-hot-july/

* Cash Sales Hit Nine-Year Low. For the first time since 2007, cash sales for home purchases made up less than 30% of all residential property transactions. According to new data from CoreLogic, cash sales accounted for 29.3% of total home sales in June 2016, which is a 0.9% drop from May and a 2.5% decline from June 2015. Real estate-owned sales had the largest cash sales share at 56.2 percent, followed by resales at 28.9%, short sales at 27.7 percent and newly constructed homes at 15.2%. Prior to the housing crisis, the cash sales share of total home sales averaged approximately 25%; cash sales shares peaked in January 2011 at 46.6%. CoreLogic estimates that if the cash sales share continues to fall at the same rate it did in June, the share should hit 25% by mid-2018. The cash sales share of total sales for June in Washington was 22% and 26% in Oregon.
Full Story…  http://nationalmortgageprofessional.com/news/60417/cash-sales-nine-year

* Pending Sales Decline. The Pending Home Sales Index decreased 2.4% in August, declining for the third time in four months, and falling 0.2% below its level for the same month a year ago. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), decreased to 108.5 in August from a downwardly revised 111.2 in July. The PHSI decreased 5.3% in the West in August and is down 0.6% year-over-year. NAR attributed the PHSI decline to a lack of inventory. However, builder confidence surged in September along with consumer confidence. Also, August new home sales recorded their second strongest month since the Great Recession. These reports suggest good news for new construction as the housing recovery continues to address demand among first-time buyers and broaden across a wider range of markets during the balance of 2016.
Full Story…  http://eyeonhousing.org/2016/09/pending-sales-decline/

Have a productive week!

Jason
 

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

topworkplaces-copy
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.


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

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


©2016 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc. Equal Housing Opportunity.