Portland Metro Weekend Events Planner: May 18-20, 2018

PORTLAND METRO WEEKEND EVENTS PLANNER
MAY 18-20, 2018

MT. TABOR ART WALK

SAT-SUN – A great opportunity to see quality visual art and meet artists in their studios and homes. Diverse media are represented including photography, painting, ceramics, sculpture, prints, metal arts, photography, glass, jewelry, book arts, and mosaics.

QUESTIVAL

FRI-SAT – A 24-hour adventure race where teams of 2-6 friends explore the unknown in their city and the wild spaces around it, do things they never thought possible, and share in the fun of a community.

LIVING HISTORY DAY AT CAMP WITHYCOMBE 

SAT – First chance to preview Museum exhibits in two historical buildings, inspect military vehicles from World War I through today’s equipment, see authentic military uniforms, arms, and equipment and connect with military history experts and collectors.

PORTLAND TRAIN DAY

SAT – Oregon Rail Heritage Center is hosting its 3rd annual Portland Train Day. This year’s theme will highlight the 80th birthday of our own SP&S 700 engine! What better way to experience Portland Train Day than with us – Oregon’s only working rail museum.

RED DRESS PARTY

SAT – The largest, most unusual and anticipated fundraising events in Portland, the 18th annual Red Dress Party! All attendees are required to be wearing RED DRESS attire at all times. All proceeds from will go to Rock ‘n Roll Camp for Girls & Bridging Voices.

DEPRESSED CAKE SHOP

SUN – A one-day pop-up bakery to raise awareness of mental illness through the sale of special cakes, cupcakes, cookies, and other treats donated by local bakers. The baked goods are gray on the outside and sometimes colored on the inside to symbolize hope – all to encourage conversation about mental health issues.

BLOODY MARY’S & MIMOSAS (OMSI AFTER DARK)

FRI – One of a kind tasting event that will feature some of the best brunch spots Portland knows and loves. Plus the best Bloody Mary’s & Mimosas, part of OMSI After Dark.

SE PORTLAND SUNDAY PARKWAYS

SUN – Providing 7 miles of free family fun. Come spend a warm summer day walking, strolling, and rolling around Southeast Portland. This route will take you on a tour of Laurelhurst, Sewallcrest, Colonel Summers and Ivon Parks to grab a bite to eat, listen to tunes, and join some activities.

UFO FESTIVAL

THURS-SUN – UFO seekers will enjoy multiple days of fun and mind-expanding opportunities. Live music, parade, pet costume contest, 5K alien dash, costume ball, trivia night & so much more!

THE SENSATIONAL SIXTIES

Through May 20  Featuring songs from Broadway’s biggest hits of the 1960s… there’s a little something for everyone.

FORCES OF NATURE: HISTORIC PORTLAND FLOODS, FIRES, ICE & SNOW

Through July 8 – Portland is known for its mild climate and beautiful natural surroundings, but the city has felt nature’s fury during its 170 year history. From a downtown submerged in water, to a waterfront in flames, to a city immobilized by ice and snow, explore how Portland residents have survived and recovered from natural disasters.

80’s VIDEO DANCE ATTACK

Every FRI & SAT – Dig out your neon mesh shirts, crimping iron and striped legwarmers to travel back to the 1980s! Classic music videos projected on giant screens complimented with a thumping sound system and light show, this dance extravaganza is sure to get the blood pumping!

PORTLAND CIDER HOUSE’S CIDER-MOSA SATURDAY

EVERY SAT – Enjoy a liquid brunch and try a variety of delicious and fun cider-mosas.

FLASHBACK DANCE CRUISE
SAT – Gather your crew & rock your best retro threads from the 70’s, 80’s and 90’s!

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

HAZEL DELL PARADE OF BANDS

SAT – Watch the Parade of Bands march through Hazel Dell. With 24 bands and over 120 entries, it is the largest parade in southwest Washington.

DOZER DAY

SAT-SUN – Putting kids in the driver’s seat of real heavy construction equipment, fire engines, an ambulance and much more while educating about building sustainable communities, industry opportunities and public safety.

HAIR

Through May 26 – Set in a small university town in the American Midwest. Focusing on the nature of stoicism, art, psychopathy, intimacy, explorations of love, and people’s willingness to do things for love.

VANCOUVER FARMER’S MARKET

Through October 28 – Home to over 250 vendors with fresh and local produce, flowers, plants, baked goods, delicious food, pet treats, and accessories for yourself, home, or garden.

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
· Show Dogs
· Book Club
· First Reformed
· Carter & June
· On Chesil Beach
· Harjeeta
· The Cleaners
· The Hollow Child

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: May 14, 2018

According to Fannie Mae’s most recent Home Purchase Sentiment Index released This Week in Real Estate, housing confidence hits a new all-time high. Below are a few highlights from the second week of May that influence our business:

* Housing Confidence Hits New All-Time High. The Fannie Mae Home Purchase Sentiment Index (HPSI) rose 3.4 points in April to 91.7, marking a new all-time survey high. The increase can be attributed to increases in five of the six HPSI components. The net share of respondents who said now is a good time to buy a home was the only component that decreased, falling 3 percentage points compared to March. However, the net share who reported that now is a good time to sell a home increased 6 percentage points month over month. Additionally, the net share who said home prices will go up in the next 12 months increased 7 percentage points in April, while the net share of consumers who said mortgage rates will go down over the next 12 months increased 4 percentage points. Americans expressed an increased sense of job security, with the net share who say they are not concerned about losing their job increasing 5 percentage points this month. Finally, the net share reporting that their income is significantly higher than it was 12 months ago increased 1 percentage point in April. “The latest HPSI reading edged up to a new survey high, showing that consumer attitudes remain resilient going into the spring/summer home buying season,” said Doug Duncan, senior vice president and chief economist at Fannie Mae. “High home prices and good economic conditions helped push the share of Americans who think it’s a good time to sell to a fresh record high.
* House Search Takes Many Months, But Buyers Do Not Intend to Give Up. The Housing Trends Report (HTR) is a new research product created by NAHB’s Economics team to track prospective home buyers’ perceptions about the availability and affordability of homes for-sale in their markets. 17% of adults responding to our poll in the first quarter of 2018 reported to be planning the purchase of a home in the next 12 months. A follow-up question asked that group if they were already actively trying to find a house or still just in the planning stage: 42% said their house search was in full throttle, down from the 67% of prospective buyers who said to be actively searching in the last quarter of 2017. A breakdown of first quarter 2018 results by generation shows that, of the 19% of Millennials who said to be planning a home purchase within the next year, about half (49%) are already actively engaged in the search for a home, making them the most likely generation to be currently involved in trying to find a house (and not just planning it). The poll also revealed that prospective buyers actively looking for a home are spending considerable amounts of time house hunting. In fact, more than half have been trying to find the right home for three months or longer: 51% in the first quarter of 2018 and 62% in the last quarter of 2017.

* Conventional Loan Share Reaches Decade High. NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans accounted for 73.8% of new home sales in the first quarter of 2018, the highest share in a decade. Conventional loans financed over three-quarters of new home sales in the second quarter of 2008 before steadily falling and bottoming out at 57.3% in the third quarter of 2010. The share has steadily risen since then and has been above 71% each of the last seven quarters. FHA-loans financed 11.6% of new home sales during the first quarter of 2018, down from 12.5% in the prior quarter and from 14.8% in Q3 2017. Since its most recent peak in Q1 2016, the share of sales financed with FHA-backed mortgages has fallen 5.5 percentage points. Cash purchases accounted for 9,000 new home purchases, 5.2% of total new home sales. The aggregate 1.6% decline in the share of sales financed by FHA loans and cash was mostly due to the 1.6% rise in conventional mortgage market share.
Have a productive week.

Jason


Portland Metro Weekend Events Planner: May 11-13, 2018

PORTLAND METRO WEEKEND EVENTS PLANNER
MAY 11-13, 2018

MOTHER’S DAY BRUNCH CRUISE

SUN – Give your Mom a much-needed reprieve from the chore of cooking at home to instead spend quality time with her family and friends aboard the Portland Spirit or Columbia Gorge Sternwheeler.

MOTHER’S DAY BRUNCH AT THE ZOO

SUN – Treat mom to a special brunch at the Oregon Zoo this year, and celebrate with a sweet and savory spread of brunch favorites. 

RUN MAMA RUN!

SAT A fun Mother’s Day weekend run/walk through Mt Tabor Park. 10k, 5k or kid’s run. Post race activities include grilled cheese bits from Franz Bakery, Oblique Coffee, beer & vendor garden, baby boot camp & more.

REIGNING ROSES WALK

SUN Featuring a wonderful reception with mimosas, pastries and entertainment. Together, with Rose Haven guests, participants will stroll a 5k course through the streets of NW Portland, enjoying stops along the way at local NW shops. Participants are encouraged to walk with, or in honor of, a special woman in their life on Mother’s Day.

ST. JOHNS BIZARRE & PARADE 

SAT The entire six block area of the business district in the St. Johns is closed to traffic, and filled with over 90 juried craft vendors, several stages for music, great food, and tons of games and activities. It’s an amazing community event with something for everyone.

DOGGIE DASH

SAT 1.5 or 2.5 mile walk/run with a pet festival, vendors and contests. Celebrating you, the animals you love and everything that makes Puptown a haven for pet lovers. Funds raised by Dashers are used to fight animal cruelty, heal injured pets, and find homes for pets.

RUN FOR BEER

SAT All participants receive one local beer, seasonal merchandise or collector’s glassware, as well as the opportunity to partake in brewery tours, product demos, special giveaways, live music and more.

SABROSO CRAFT BEER, TACO & MUSIC FESTIVAL

SAT A day filled with craft beer, tasty gourmet tacos, Lucha Libre style wrestling and live music!

GEEK CRAFT EXPO

SAT – If you’re looking for “that” special thing to complement your geeky lifestyle, there is simply no better place to shop! Everything for sale at GeekCraft Expo is incredibly unique, limited in quantity.  

QUILT SHOW

FRI-SAT Over 300 quilts on display, vendors, silent auction, quilts for sale, build-a-block, quilts of valor, treasure hunt for kids & more.

THE SENSATIONAL SIXTIES

Through May 20  Featuring songs from Broadway’s biggest hits of the 1960s… there’s a little something for everyone.

EVITA

Through SUN  Tony award winning musical masterpiece Evita charts the young and ambitious Eva Peron’s meteoric rise to sainthood. 

RIGOLETTO

Through SUN  Powerhouse American baritone Stephen Powell returns to Portland Opera as Rigoletto—the court jester who amuses a philandering and immoral Duke.

FORCES OF NATURE: HISTORIC PORTLAND FLOODS, FIRES, ICE & SNOW

Through July 8 – Portland is known for its mild climate and beautiful natural surroundings, but the city has felt nature’s fury during its 170 year history. From a downtown submerged in water, to a waterfront in flames, to a city immobilized by ice and snow, explore how Portland residents have survived and recovered from natural disasters.

80’s VIDEO DANCE ATTACK

Every FRI & SAT – Dig out your neon mesh shirts, crimping iron and striped legwarmers to travel back to the 1980s! Classic music videos projected on giant screens complimented with a thumping sound system and light show, this dance extravaganza is sure to get the blood pumping!

PORTLAND CIDER HOUSE’S CIDER-MOSA SATURDAY

EVERY SAT – Enjoy a liquid brunch and try a variety of delicious and fun cider-mosas.

FLASHBACK DANCE CRUISE
SAT – Gather your crew & rock your best retro threads from the 70’s, 80’s and 90’s!

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

MOTHER’S DAY DINNER & WINE TRAIN

SAT Join Moulton falls Winery and the historic Chelatchie Prairie Railroad for an evening of fun and adventure. Start out with appetizers and tastings then load up on the Chelatchie Prairie Train from the Moulton Falls crossing and enjoy an hour train ride along the beautiful Lewis river.

MOTHER’S DAY TEA

SAT The perfect way to treat the important women in your life! A delicious menu featuring three types of sandwiches, assorted desserts, scones, and of course, tea!

MOTHER’S DAY TRAIN RIDE

SAT-SUN Celebrate Mom with a train ride for the whole family. All women receive a rose to celebrate the day. The excursion runs to the Heisson area, through the tunnel, across the East Fork of the Lewis River with a stop at Moulton Station to visit Yacolt Falls.

CAMAS PLANT & GARDEN FAIR 

SAT Enjoy and explore the amazing selection of plants, trees, garden art and supplies, and much more provided by dedicated local growers and vendors. Kids’ activities, live music, fresh food, and the shops and restaurants of Downtown Camas all add to the community experience.

THE SEUSSIFICATION OF ROMEO & JULIET

FRI-SAT Shakespeare meets Seuss! A whimsical reinvention of Shakespeare’s tragic love story (in this case not so tragic!) complete with Dr. Seuss’s iconic rhyming tetrameter, creative wordplay, and fantastical machines. This fast-paced retelling is fun for all ages.

KIDS FISHING FESTIVAL

SAT Join Columbia Springs for a day of fishy fun! Kids 5-14 will be able to fish from a stocked pond and gets to take home anything they catch, along with a free fishing pole & tackle. BBQ lunch available, kids activities and more!

LILAC DAYS AT HULDA KLAGER GARDENS

Through May 13 – Each year, thousands of visitors step back in time to discover the 1880’s Victorian Farmhouse and country gardens that comprise the Hulda Klager Lilac Gardens.

VANCOUVER FARMER’S MARKET

Through October 28 – Home to over 250 vendors with fresh and local produce, flowers, plants, baked goods, delicious food, pet treats, and accessories for yourself, home, or garden.

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
· Breaking In
· Life of the Party
· Higher Power
· The Assassin’s Code
· Troy: The Resurrection of Aeneas
· Terminal
· The Seagull
· Mountain
· Another Kind of Wedding
· Revenge

 

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: April 30, 2018

According to the Census Bureau’s Housing Vacancy Survey released This Week in Real Estate, the U.S. homeownership rate is on a “sustainable upward trend” at 64.2%, just 2.1% below the 25-year average rate of 66.3%. Below are a few highlights from the fourth week of April that influence our business:

* Homeownership Rate Stable at 64%. According to the Census Bureau’s Housing Vacancy Survey (HVS), the U.S. homeownership rate was 64.2% in the first quarter 2018, which is statistically no different from its last quarter reading. The rate of homeownership appears to be on a sustainable upward trend after reaching a cycle low of 62.9% in the second quarter of 2016. Compared to the peak of 69.2% in 2004, the homeownership rate is still down 5%, and remains below the 25-year average rate of 66.3%. On an annual basis, homeownership increased among all age groups under 55. The share of millennial who own a home increased from 34.3% a year ago to 35.3% in the first quarter 2018. However, it slipped 0.7% from a three-year high of 36% in the last quarter 2017.The homeownership rates of households ages 35-44 experienced a 0.8% increase, followed by the 0.6% gains registered by households ages 45-54. The non-seasonally adjusted homeowner vacancy rate remained low at 1.5% in the first quarter 2018, down by 0.1% from last quarter 2017. At the same time, the national rental vacancy rate held at 7%.

* Existing-Home Sales Climb 1.1 Percent in MarchExisting-home sales grew for the second consecutive month in March, but lagging inventory levels and affordability constraints kept sales activity below year ago levels, according to the National Association of Realtors. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 1.1 percent to a seasonally adjusted annual rate of 5.60 million in March from 5.54 million in February. Despite last month’s increase, sales are still 1.2 percent below a year ago. Lawrence Yun, NAR Chief Economist, says closings in March eked forward despite challenging market conditions in most of the country. “Robust gains last month in the Northeast and Midwest – a reversal from the weather-impacted declines seen in February – helped overall sales activity rise to its strongest pace since last November at 5.72 million,” said Yun. The median existing-home price for all housing types in March was $250,400, up 5.8 percent from March 2017 ($236,600). March’s price increase marks the 73rd straight month of year-over-year gains. Existing-home sales in the West declined 3.1 percent to an annual rate of 1.23 million in March, but are still 0.8 percent above a year ago. The median price in the West was $377,100, up 7.9 percent from March 2017.

* Mortgage Rates Climb to Highest Level in Over Four Years. Freddie Mac released the results of its Primary Mortgage Market Survey on Thursday, showing average mortgage rates continuing the upward trajectory seen in most of early 2018. Sam Khater, Freddie Mac chief economist, says mortgage rates increased for the third consecutive week, climbing 11 basis points to 4.58 percent. “Mortgage rates are now at their highest level since the week of August 22, 2013,” he said. “Higher Treasury yields, driven by rising commodity prices, more Treasury issuances and the steady stream of solid economic news, are behind the uptick in rates over the past week.” Added Khater, “Despite the increase in borrowing costs, demand for home purchase credit remains solid. The Mortgage Bankers Association reported in their latest mortgage applications survey that activity was up 11 percent from a year ago.”
Have a productive week.

Jason


This Week in Real Estate: April 23, 2018

Homeowners continue to realize significant returns as a percentage of their original purchase price as reported This Week in Real Estate in ATTOM Data Solutions Q1 2018 Home Sales Report. The average home seller in the first quarter of this year realized a 29.5% return as a percentage of original purchase price. Below are a few highlights from the third week of April that influence our business:

* Small Gain for Housing Starts in March. Total housing starts increased slightly in March, led by multifamily construction strength. Starts increased 1.9% to a 1.32 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD. However, the pace of single-family starts declined in March, falling 3.7% to an 867,000 seasonally adjusted annual rate, due to lingering weather effects in some parts of the nation. The three-month moving average for single-family starts remained near a post-recession high rate of construction (889,000). These recent trends for single-family starts match ongoing healthy levels of the NAHB/Wells Fargo Housing Market Index, now registering a score of 69.  For the first quarter of 2018, single-family starts are 7% higher than this time in 2017, in-line with forecast for modest gains. Single-family permits were down 5.5% in March, although are recording a 5.3% improvement thus far in 2018 relative to this time in 2017.

* Most States Record YTD Single Family Permits Growth in February 2018. Over the first two months of 2018, the total number of single-family permits issued nationwide reached 123,871. On a year-over-year basis, this is an 11.2% increase over the February 2017 level of 111,356. The results from theSOC are similar, single-family permits over the second month of 2018 was, 122,800 which is 10.2% ahead of its level over the same period of 2017, 111,400. Between February 2017 to February 2018, 34 states saw growth in single-family permits issued while there was no change in New Hampshire. Seventeen states, including California, recorded a growth above 11.2% but 15 states, including New Jersey, Connecticut and Illinois, as well as the District of Columbia registered a decline. Idaho had the highest growth rate during this time at 53.9% while single-family permits in the District of Columbia declined by 51.0%. In the single-family sector, Texas led with 19,893 permits issued year-to-date in February 2018 and Florida was second with 13,964 during this time. Meanwhile the lowest number came from the District of Columbia with 24 permits.  The 10 states issuing the highest number of single-family permits combined accounted for 64.0% of the single-family permits issued.

* 54% of U.S. Metros Post Median Home Prices Above Pre-Recession Peaks in Q1 2018. On Thursday ATTOM Data Solutions released its Q1 2018 U.S. Home Sales Report, which shows that median home prices in 57 of 105 metropolitan statistical areas analyzed in the report (54 percent) were above their pre-recession home price peaks in the first quarter. Nationwide the median home price of $240,000 in Q1 2018 was less than 1 percent below its pre-recession peak of $241,500 in Q3 2005, but still up 9.1 percent from a year ago. Among the 105 metropolitan statistical areas analyzed in the report, those posting the biggest year-over-year increase in median home prices were San Jose, California (up 33 percent); Flint, Michigan (up 20 percent); Spokane, Washington (up 18 percent); Reno, Nevada (up 17 percent); and Seattle, Washington (up 16 percent). U.S. homeowners who sold in Q1 2018 realized an average home price gain since purchase of $53,369, down from an average gain of $54,000 in Q4 2017 but still up from an average gain of $45,000 in Q1 2017. The average home seller gain of $53,369 in Q1 2018 represented an average 29.5 percent return as a percentage of original purchase price, down from a 29.8 percent return in the previous quarter but still up from a 25.7 percent return in Q1 2017. Among 154 metropolitan statistical areas analyzed in the report, those with the highest average home seller returns in Q1 2018 were San Jose, California (109.1 percent); San Francisco, California (73.6 percent); Seattle, Washington (66.0 percent); Kahului-Wailuku-Lahaina, Hawaii (65.3 percent); and Vallejo-Fairfield, California (58.8 percent).
Have a productive week.

Jason


Portland Metro Weekend Events Planner: April 20-22, 2018

PORTLAND METRO WEEKEND EVENTS PLANNER
APRIL 20-22, 2018

 

EARTH DAY EVENTS

Get out and celebrate Mother Earth this weekend. Everything from clean up opportunities to Fun Runs and much more.

OREGON ORCHID SHOW & SALE

SAT-SUN – Billed as the largest orchid show in the Pacific Northwest. See thousands of blooming orchids on display and for sale.    

SOIREE MARDI GRAS

WED-SUN  Enjoy April in Paris at the Gala Fundraiser this year as you have fun with a great auction experience from the Alliance. Unique French properties to visit as well as beachfront in Maui, French Immersion on the Riviera, great restaurant experiences, and unique finds – these are just a few of the tantalizing items you’ll find at the Soirée auctions.

RUN FOR BEER

April 21st & 28th   

All participants receive one local beer, seasonal merchandise or collector’s glassware as well as the opportunity to partake in brewery tours, product demos, special giveaways, and a special invitation to enjoy the days’ scheduled festivities. Includes live music, food, yard games, and more.


SOUL’D OUT

WED-SUN – Various jazz, blues, hip hop artists playing in multiple locations around Portland. Check out the great line up and schedule!

TONY STARLIGHT’S AM GOLD SEVENTIES SOFT ROCK SHOW 

SAT  Tony Starlight makes an evening out of performing songs from the stalwarts of the AM dial in the 1970s. Artists like Elton John, Neil Diamond, Carole King, Jim Croce, Little River Band, Carly Simon, Gordon Lightfoot, Paul Simon, Barry Manilow and Billy Joel.

DESIGN WEEK PORTLAND

Through SAT – Hundreds of free or low cost events and open houses, conceived and hosted by the creative community. There’s something for everyone.

CLASSICAL UP CLOSE

Various Dates & Locations through May 6 – The musicians of the Oregon Symphony present 16 free chamber concerts as part of “Classical Up Close”—a unique series of chamber music performances celebrating classical music in our community. At these informal events, you’ll hear our symphony musicians perform intimate, beautiful music, and you’ll be encouraged to do all the things you might not normally do at a classical concert: take photos, tweet, text, applaud freely, and ask questions.

TULIP FEST

Through April 30 – Enjoy all things that make spring in the Northwest. Stroll through 40 acres of stunning beauty, experience expansive views of vineyards, distant mountains, and a few mud puddles. Fresh flowers, food, and fun for the entire family, including well behaved dogs on leashes!

LA BELLE: LOST IN THE WORLD OF AUTOMATION

Through April 29 – A giant art work of a play with 100 moving parts that will engage you like no other show. Animated effects every 30 seconds with steampunk, whimsical, and dramatic finesse. This is the new Imago and they are at their best!

FESTIVAL OF PRESERVATION

Through SUN – An ambitious, eclectic range of everything from lost silents to at-risk mid-century features, shorts, and documentaries. A surprise-filled treasure trove sure to delight cinema lovers of many persuasions.

JAPANESE CURRENTS

Through April 28 – Highlighting recent noteworthy Nipponese films, ranging from anime to jidaigeki, documentary to comedy, all while exploring issues important to contemporary Japanese society. Collectively, these selections offer a fresh take on Japanese culture and showcase the wealth of creative invention at work in Japan today.

FORCES OF NATURE: HISTORIC PORTLAND FLOODS, FIRES, ICE & SNOW

Through July 8 – Portland is known for its mild climate and beautiful natural surroundings, but the city has felt nature’s fury during its 170 year history. From a downtown submerged in water, to a waterfront in flames, to a city immobilized by ice and snow, explore how Portland residents have survived and recovered from natural disasters.

80’s VIDEO DANCE ATTACK

Every FRI & SAT – Dig out your neon mesh shirts, crimping iron and striped legwarmers to travel back to the 1980s! Classic music videos projected on giant screens complimented with a thumping sound system and light show, this dance extravaganza is sure to get the blood pumping!

PORTLAND CIDER HOUSE’S CIDER-MOSA SATURDAY

EVERY SAT – Enjoy a liquid brunch and try a variety of delicious and fun cider-mosas.

FLASHBACK DANCE CRUISE
SAT – Gather your crew & rock your best retro threads from the 70’s, 80’s and 90’s!

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

 

EARTH DAY ON THE CONFLUENCE LAND BRIDGE

SAT – Tend to landscaping needs, and eat burgers and hot dogs. Learn about the site’s indigenous plants as you walk along the Land Bridge. Enjoy Native American artist, Lillian Pitt’s works along the bridge that highlight the deep, significant contributions indigenous people make to this place.

NW’S LARGEST GARAGE & VINTAGE SHOW

SAT – A community sale with over 500 indoor booths, each set up and ran by its own seller. Shoppers can shop hundreds of sales in one location, including vintage, antiques, new and used items, and everything in between.

FRIDAY FUN NIGHTS AT KIDS CLUB FUN & FITNESS 

FRI –Themed, after hours, drop-off events for kids 4-11 years old, filled with amazing activities!

LILAC DAYS AT HULDA KLAGER GARDENS

Through May 13 – Each year, thousands of visitors step back in time to discover the 1880’s Victorian Farmhouse and country gardens that comprise the Hulda Klager Lilac Gardens.

 VANCOUVER FARMER’S MARKET

Through October 28 – Home to over 250 vendors with fresh and local produce, flowers, plants, baked goods, delicious food, pet treats, and accessories for yourself, home, or garden.

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
· I Feel Pretty
· Super Troopers 2
· Corbin Nash
· Genesis
· Traffik
· Gray Matter
· Beyond the Clouds
· Khido Khundi
· Ghost Stories
· Kodachrome

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: April 16, 2018

While foreclosure activity continues to decrease year-over-year reaching pre-recession levels, analysis of U.S. Census Bureau data from the Pew Research Center revealed This Week in Real Estate multigenerational households hit an all-time high in 2016. Below are a few highlights from the second week of April that influence our business:

* Number of Multigenerational Households Hit All-Time High. The share of Americans living in multigenerational households, homes with two or more adult generations, hit an all-time high in 2016, according to a new analysis of U.S. Census Bureau data from the Pew Research Center. In 2016, the number of multigenerational households increased to 20% of the U.S. population, or 64 million people, an all-time high. In 2009, about 51.5 million Americans, or 17% of the population lived in multigen households, which rose to 60.6 million, or 19% of the population in 2014.
* U.S. Foreclosure Activity Decreases 19 Percent in Q1 2018 to Stay Below Pre-Recession Levels for Sixth Consecutive QuarterATTOM Data Solutions released its Q1 2018 U.S. Foreclosure Market Report on Thursday, which show a total of 189,870 U.S. properties with a foreclosure filing during the first quarter of 2018, up 4 percent from the previous quarter but still down 19 percent from a year ago and 32 percent below the pre-recession average of 278,912 per quarter from Q1 2006 – Q3 2007 – the sixth consecutive quarter where U.S. foreclosure activity has been below its pre-recession quarterly average. The report also shows a total of 74,341 U.S. properties with foreclosure filings in March 2018, up 21 percent from an all-time low in the previous month but still down 11 percent from a year ago – the 30th consecutive month with a year-over-year decrease in U.S. foreclosure activity. 
* Record Commercial/Multifamily Volume in 2017. Multifamily mortgage financing was the big winner overall in what was a record setting year for commercial and multifamily originations. The Mortgage Bankers Association (MBA) said a record $530.1 billion in loans were closed in 2017, an 8 percent gain from 2016. The largest share of lending, more than half of the volume closed, was for multifamily properties at $233.9 billion. Loans for office buildings were second followed by retail, hotel/motel, industrial, and health care properties. Ninety-six percent of the dollar volume went to first mortgage liens. “2017 was a very strong year, driven by solid property fundamentals, rising property values, low interest rates, and a ready supply of mortgage capital all contributing to extraordinarily attractive finance markets,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research. “We expect another robust year in 2018, even with the slight increase in interest rates, although perhaps not quite as robust as 2017.”
Have a productive week.

Jason


This Week in Real Estate: April 2, 2018

Favorable news with respect to pending home sales activity and jobs This Week in Real Estate as the spring selling season begins in earnest. Below are a few highlights from the last week of March that influence our business:

* Pending Home Sales Rebound. After a slow start to the year, the Pending Home Sales Index increased 3.1% in February, but remains 4.1% below a year ago. The Pending Home Sales Index (PHSI) is a forward-looking indicator based on signed contracts reported by the National Association of Realtors. The PHSI increased to 107.5 in February from a downwardly 104.3 in January. The PHSI increased by 10.3% in the Northeast and 3.0% in the South, as well as 0.7% in the Midwest and 0.4% in the West. Year-over-year, the PHSI is lower in all four regions by 1.5% in the South, 2.2% in the West, 5.1% in the Northeast and 9.5% in the Midwest. NAR suggested that the expanding economy and healthy job market continue to generate demand, despite the tight inventory, increasing prices, and rising mortgage rates. February existing home sales increased 3% in February, and although flat, February new home sales were up 2% year-over-year. Builder confidence remains on solid footing as growing demand is expected to spur continued growth in new residential construction.
* Millenials Will Spend 45% of Income on Rent Before Age 30. As rent prices continue to rise, a new study shows Millennials are paying about 45% of their total income toward rent, and pay out close to $100,000 toward rent before they turn 30. Analyzing U.S. Census Bureau data going back as far as 1974, a new study from RentCafé found that Millennials have been the hardest generation for those ages 22 to 30. And the future does not look bright for Generation Z. As it turns out, Millennials pay about $92,600 in rent by the time they turn 30. While they may earn more in income compared to previous generations, they also have to spend more on rent, the study showed. While Baby Boomers paid just 36% of their income toward rent while in their 20s, Gen Xers paid 41% and Millennials now pay 45% of their monthly income toward rent.
* U.S. Jobless Claims Drop to More Than 45-Year Low. The number of Americans filing for unemployment benefits fell to more than a 45-year low last week, suggesting the economy remains strong despite signs of a slowdown in the first quarter. Initial claims for state unemployment benefits dropped 12,000 to a seasonally adjusted 215,000 for the week ended March 24, the lowest level since January 1973, the Labor Department said on Thursday. Claims have now been below the 300,000 threshold, which is associated with a strong labor market, for 158 straight weeks. That is the longest such stretch since 1970, when the labor market was much smaller. The labor market is considered to be near or at full employment. The jobless rate is at a 17-year low of 4.1 percent, not too far from the Federal Reserve’s forecast of 3.8 percent by the end of this year.
Have a productive week.

Jason


Portland Metro Weekend Events Planner: March 29-April 1, 2018

PORTLAND METRO WEEKEND EVENTS PLANNER
MARCH 29-APRIL 1, 2018

 

EASTER EGG HUNTS & EVENTS

Through April 1  Check out what Easter events are going on in your area!

ADULTS ONLY EASTER EGG HUNT

SAT – Hop on the BarFly Bus and hit a variety of bars, clubs, and lounges, where you’ll pay no cover charges. Enjoy specials and the occasional munchie all the while hunting high and low for the EGGS OF MYSTERY! 

RABBIT ROMP

SAT – A celebration of spring geared toward the under-10 crowd. Rabbit Romp is free with zoo admission. Featuring candy egg hunts every 10-15 minutes between 9:30 AM–3 PM. Children ages 3 to 10 are invited to hunt for compostable “plastic” eggs, candy, and prizes. 

ALPENROSE EASTER EGG HUNT

SAT – Hundreds of chocolate eggs and special prize eggs will be hidden across the grounds. Plus, the world-famous Easter Bunny will be on-site to meet all egg-hunters and take pictures! 

BRUNCH CRUISE

SUN – Hop onboard the Portland Spirit for a two-hour Easter Brunch cruise featuring an elaborate brunch buffet, ever-changing views and excellent service and gifts for each child.

POETRY & PANCAKES

FRI – In the tradition of Live at the Apollo, the Portland area has it’s own brand of talent discovery At The Tigard Grange in Beaverton. Eat, drink and be entertained!!  

TULIP FEST

Through April 30 – Enjoy all things that make spring in the Northwest. Stroll through 40 acres of stunning beauty, experience expansive views of vineyards, distant mountains, and a few mud puddles. Fresh flowers, food, and fun for the entire family, including well behaved dogs on leashes!

FORCES OF NATURE: HISTORIC PORTLAND FLOODS, FIRES, ICE & SNOW

Through July 8 – Portland is known for its mild climate and beautiful natural surroundings, but the city has felt nature’s fury during its 170 year history. From a downtown submerged in water, to a waterfront in flames, to a city immobilized by ice and snow, explore how Portland residents have survived and recovered from natural disasters.

80’s VIDEO DANCE ATTACK

Every FRI & SAT – Dig out your neon mesh shirts, crimping iron and striped legwarmers to travel back to the 1980s! Classic music videos projected on giant screens complimented with a thumping sound system and light show, this dance extravaganza is sure to get the blood pumping!

PORTLAND CIDER HOUSE’S CIDER-MOSA SATURDAY

EVERY SAT – Enjoy a liquid brunch and try a variety of delicious and fun cider-mosas.

FLASHBACK DANCE CRUISE
SAT – Gather your crew & rock your best retro threads from the 70’s, 80’s and 90’s!

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

 

VANCOUVER FARMER’S MARKET

Through October 28 – Home to over 250 vendors with fresh and local produce, flowers, plants, baked goods, delicious food, pet treats, and accessories for yourself, home, or garden.

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
· Acrimony
· God’s Not Dead: A Light in Darkness
· Ready Player One
· Baaghi 2
· Best Friends
· All I Wish
· The Gardener
· Birthmarked
· Lean on Pete
· Finding Your Feet
· Gemini
· Love After Love

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: March 19, 2018

CoreLogic reported This Week in Real Estate that homeowners gained the most equity in 2017 of any year since 2013…$908.4 billion collectively. Below are a few highlights from the second week of March that influence our business:

* Builder Confidence Remains on Solid Footing. Builder confidence in the market for newly-built single-family homes edged down one point to a level of 70 in March from a downwardly revised February reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the fourth consecutive month at or above a level of 70 for the HMI, an indication of strong single-family housing market conditions. Builders’ optimism continues to be fueled by growing consumer demand for housing and confidence in the market. A strong labor market, rising incomes and a growing economy are boosting demand for homeownership even as interest rates rise. Managing construction costs and future sales prices will be a key challenge in medium-term as costs associated with both land development and home construction continue to increase. Nonetheless, with positive economic fundamentals in place, the single-family sector should continue to make gains at a gradual pace in the months ahead. Looking at the three-month moving averages for regional HMI scores, the Northeast rose one point to 57, the South decreased one point to 73, the West fell two points to 79, and the Midwest dropped four points to 68.
* Homeowners Gained an Average of $15,000 in Home Equity Last Year – or $908 Billion in Total. A sharp rise in home values last year gave homeowners a strong infusion of cash, in the form of home equity. It also helped more than half a million borrowers rise above water on their mortgages. All real estate is, of course, local, and some homeowners saw significantly bigger gains than others, especially those in the Western region of the nation. Overall, however, they gained the most equity of any year since 2013. Homeowners with a mortgage, representing about 63 percent of all properties, saw their equity increase 12 percent over the course of last year, according to CoreLogic. That comes to an average of $15,000 per homeowner and a collective gain of $908.4 billion. Those calculations are based on the largest home price growth in four years. States like California and Washington saw even higher price growth, so homeowners in those states gained an average of $44,000 and $40,000, respectively. “Because wealth gains spur additional consumer purchases, the rise in home-equity wealth during 2017 should add more than $50 billion to U.S. consumption spending over the next two to three years,” said Frank Nothaft, chief economist at CoreLogic. The rise in home equity also brought about 700,000 borrowers into a positive equity position on their mortgages, according to CoreLogic.
* Millennials Lead all Other Generations in Buying HomesMillennials held the highest share of home buying activity out of all other generations for the fifth consecutive year, according to the 2018 Home Buyer and Seller Generational Trends study from the National Association of Realtors. Just over one-third of all home purchases were made by Millennials, who held a market share of 36% over the past year, up from 34% in 2017. Gen Xers ranked second at 26%, a drop from 28% in 2017, followed by the Baby Boomers with 32%, up from 30% in 2017 and the Silent Generation with 6%, down from 8% in 2017. Among the trends Realtors are seeing in the younger home-buying generation, they are more likely to live closer to friends and family, rather than in select areas of the city or certain schools. They are also buying condos in the city at a very low rate, and are the most likely generation to use a real estate agent with 90% of Millennials purchasing through an agent.
Have a productive week.

Jason


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