Portland Metro Weekend Events Planner: December 1-3, 2017

PORTLAND METRO WEEKEND EVENTS PLANNER
DECEMBER 1-3, 2017

  

FESTIVAL OF TREES

FRI-SAT  A timeless and ageless tradition for everyone, Providence Festival of Trees will dazzle you with elaborately decorated Christmas trees, mini-trees, wreaths and holiday displays.  

HOLIDAY ALE FESTIVAL

Through December 3 – More than 50 potent winter ales are featured at this year’s event, all of which are created specifically to bring warmth and cheer to the holiday season. Held at Pioneer Courthouse Square under a large, heated clear top tent. 

SCANFAIR

SAT-SUN  Experience the sights, sounds, tastes, and traditions of a Nordic Christmas during the holiday season! An event reminiscent of Christmas markets in Copenhagen, Helsinki, Oslo, Reykjavik, and Stockholm. Enjoy vendors, food, entertainment, games, and more.  

UNIWAY HOLIDAY HOME TOUR

SAT  Tours offer a sneak peek into stunning homes, neighborhood trolley rides, and live music…all while supporting Duniway Elementary School.  

LEWIS & CLARK CAT SHOW

SAT-SUN  See up to 225 top show cats on display, purebred kittens for sale, rescue cats up for adoption, household pet competition, tons of vendors and much more.  

WHITE ALBUM XMAS

Through December 9  A holiday circus spectacular, a tribute to The Beatles and an annual reunion of the Cascadian Freak Family.

CHRISTMAS SHIP PARADE

Through December 21  View up to 60 boats brightly decorated for the holiday season sailing on the Columbia and Willamette rivers. For the Columbia River schedule, click here. For the Willamette River Schedule, click here.

AMERICA’S LARGEST CHRISTMAS BAZAAR

FRI-SUN  Let the glory of Christmas come alive as the three hundred-voice choir creates a Christmas extravaganza for the whole family. Your favorite holiday songs, dancing Santas, and a beautiful cinematic Nativity. 

A CHRISTMAS CAROL: THE MUSICAL 

Through December 24 – Broadway heavy hitters, Alan Menken and Lynn Ahrens, breathe fantastic new life into the classic tale of A Christmas Carol.  

PORTLAND’S SINGING CHRISTMAS TREE

Through December 3  Let the glory of Christmas come alive as the three hundred-voice choir creates a Christmas extravaganza for the whole family. Your favorite holiday songs, dancing Santas, and a beautiful cinematic Nativity.

ZOO LIGHTS

Through January 7  Walk through dazzling displays of more than million and half lights, and experience your zoo in a whole new light. In addition to visiting elephants, penguins and other animals, you can ride the popular lighted train and enjoy dinner from a variety of food carts.

CHRISTMAS FESTIVAL OF LIGHTS

Through December 30 – Presenting the sights, sounds and sensations of the season, The Grotto’s Christmas Festival of Lights is the largest Christmas choral festival in the world. The festival features nearly 160 indoor holiday concerts performed by many of the region’s finest school, church and civic choirs. Offering a family-oriented blend of traditional celebration and serene reflection, the festival theme reflects the special season of hope that Christmas offers to many thousands of families from around the Pacific Northwest.

WINTER WONDERLAND

Through December 26 – The largest light show in the Northwest spanning the track at Portland International Raceway.   

CHRISTMAS IN THE GARDEN

Through December 31  A charming European-inspired event featuring ice skating, snowless tubing, an artisan vendor market, photos with Santa, fire pits, live music and more!

LIGHTING OF MADDOX WOODS

Through December 31  Enjoy a magical walk down a lighted, accessible path through the woods and to the viewing platform on the Willamette River.

THE TRAIN TO CHRISTMAS TOWN

Through December 28 – Based on the beloved children’s book, The Train to Christmas Town, this holiday ride recreates on board the story book tale that is sure to become a family favorite tradition! 75 minute train ride departing from Hood River.

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
Through 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

CHRISTMAS AT THE PARK

FRI  Enjoy a Christmas village wonderland with several characters amidst the park bringing cheer to kids and adults.  

SANTACON

SAT  Dinner will be at Main Event Sports Grill from 7-9PM followed by Santa parties until midnight. Underwear and sock donations will be donated to The Share House. Full Santa-themed attire required. No ugly sweaters please. 

IT’S A WONDERFUL LIFE

Through December 16  Magenta’s December show is the stage adaptation of Frank Capra’s classic film that warms the hearts of families every year at Christmas time.  

CHRISTMAS TREE TRAIN

Through December 16 – Find a Christmas tree in a unique way on the Chelatchie Prairie Railroad! Along the trip, capture views of the Lewis River atop our hill-side vantage point, then return to Moulton Station. At Moulton Station, enjoy warm cider and cocoa, hot coffee and cookies. Santa has a gift for each child, bring your camera to capture this moment in time.

FESTIVAL OF TREES
Through December 16 – Divine Consign will display beautifully decorated trees at their downtown Vancouver location, 904 Main Street. Their event will benefit Clark County non-profit organizations.

NEW MOVIES OUT THIS WEEK
· Wonder Wheel
· Brotherhood of the Blades 2
· 24 Hours to Live
· Gangster Land
· Big Time
· Inoperable
· Drawing Home
· Slumber
· Permanent

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: November 27, 2017

The National Association of Realtors released This Week in Real Estate that the pace of existing-home sales in October was the strongest it has been since June. Below are a few highlights from the third week of November that influence our business:

* Existing Home Sales Grow 2% in October. Existing-home sales increased in October to their strongest pace since earlier this summer, but continual supply shortages led to fewer closings on an annual basis for the second straight month, 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, increased 2.0 percent to a seasonally adjusted annual rate of 5.48 million in October from a downwardly revised 5.37 million in September. After last month’s increase, sales are at their strongest pace since June (5.51 million), but still remain 0.9 percent below a year ago. Existing-home sales in the West grew 2.4 percent to an annual rate of 1.27 million in October, and are now 0.8 percent above a year ago. The median price in the West was $375,100, up 7.8 percent from October 2016. The median existing-home price2 for all housing types in October was $247,000, up 5.5 percent from October 2016 ($234,100). October’s price increase marks the 68th straight month of year-over-year gains.
* Freddie Mac November 2017 Outlook. “It’s unlikely the economic environment will be much more favorable for housing and mortgage markets in 2018 and 2019. We forecast that interest rates will remain low by historical standards, but gradually creep higher over the next two years. We also forecast that housing construction will gradually pick up, helping to supply more homes to inventory-starved markets. More housing supply and modestly higher rates will lead to a moderation in house price growth. Refinance activity will drop to very low levels and the mortgage market will be dominated by purchase activity,” said Freddie Mac Chief Economist Sean Becketti. Modest economic growth, robust job gains, and low interest rates make for a favorable economic environment for housing and mortgage markets. But despite the favorable environment, housing markets have stalled a bit through summer and into fall. A lack of available for-sale inventory is helping to contribute to an acceleration in home prices.Full Story... http://freddiemac.mwnewsroom.com/press-releases/freddie-mac-november-2017-outlook-otcqb-fmcc-1325624?feed=429e0be3-9aef-4a3a-9775-43f8e470d510
* Once Hot Apartment Construction Cooling as U.S. Housing Engine. Faster apartment building was instrumental in pulling the U.S. housing market out of its slump a decade ago. Now, that engine is starting to throttle back. The supply of apartments and condominiums has surged in recent years as builders responded to rising demand, fueled in part by young Americans who preferred to rent rather than purchase a home in the aftermath of the recession. A surge in prices for single-family properties, as the real-estate market recovered from its 2006 plunge, also made apartments more attractive for both builders and people unable to buy.  A Commerce Department report on Friday showed completions of multifamily units in October reached the fastest annualized rate in almost three decades. What’s more, the pipeline of apartments under construction is leveling off from a 42-year high reached at the start of 2017. And the number of multifamily units authorized but not yet started also is cooling as builders attempt to calibrate the supply.

Have a productive week.

Jason


This Week in Real Estate: November 20, 2017

Favorable news from the new construction sector This Week in Real Estate with the three month-moving average ending in October for single-family housing starts rising to a post-recession high, while builder confidence in November reached the second highest reading since July 2005. Below are a few highlights from the second week of November that influence our business:

* Housing Starts Rise in OctoberTotal housing starts increased in October, with solid readings from the single-family sector. Total starts increased 13.7% to a 1.29 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD. A jump in multifamily construction also increased the headline rate. Single-family starts increased for the month, rising to an 877,000 seasonally adjusted rate in October. This monthly annualized rate matches the post-recession high pace set in February of this year. However, the three month-moving average for single-family starts is at a post-recession high (860,000). Single-family starts are up more than 8% year-to-date compared to 2016 as limited existing inventory and solid builder confidence make for positive market conditions. Single-family permits, a reasonable indicator of future construction conditions, are running 10% higher on a year-to-date basis. Part of the gain for single-family construction in October was a rebound in Florida and Texas after project delays in September. Single-family starts in the South were up 17% compared to September.
* CoreLogic: Mortgage Delinquency Rates Lowest in More Than a Decade. CoreLogic released its monthly Loan Performance Insights Report Tuesday which shows that, nationally, 4.6 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in August 2017. This represents a 0.6 percentage point year-over-year decline in the overall delinquency rate compared with August 2016 when it was 5.2 percent. As of August 2017, the foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, was 0.6 percent, down from 0.9 percent in August 2016. This was the lowest foreclosure inventory rate for the month of August in 11 years since August 2006 when it was 0.5 percent. The rate for early-stage delinquencies, defined as 30-59 days past due, was 2 percent in August 2017, down slightly from 2.1 percent in August 2016. The share of mortgages that were 60-89 days past due in August 2017 was 0.7 percent, unchanged from August 2016. The serious delinquency rate (90 days or more past due) declined 0.5 percentage points year over year from 2.4 percent in August 2016 to 1.9 percent in August 2017. The 1.9 percent serious delinquency rate in June, July and August of this year marks the lowest level for any month since October 2007 when it was also 1.9 percent, and is also the lowest for the month of August since 2007 when the serious delinquency rate was 1.7 percent. Alaska was the only state to experience a year-over-year increase in its serious delinquency rate in August 2017.

* Builder Confidence Nears Post Crash High. Builder confidence increased for the second consecutive month after taking a hit in September from the late summer hurricanes.  The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) increased 2 points in November, hitting 70, the highest score since March.  It was also the second highest reading for the index which measures NAHB’s new home builder members confidence in the new home market since July 2005.  “November’s builder confidence reading is close to a post-recession high – a strong indicator that the housing market continues to grow steadily,” said NAHB Chairman Granger MacDonald. Regional HMI scores are presented as three-month moving averages.  The Northeast jumped 5 points to 54 and the South rose 1 point to 69. Both the West and Midwest remained unchanged at 77 and 63, respectively. NAHB Chief Economist Robert Dietz commented, “Demand for housing is increasing at a consistent pace, driven by job and economic growth, rising homeownership rates and limited housing inventory.  With these economic fundamentals in place, we should see continued upward movement of the single-family housing market as we close out 2017.”

 

Have a productive week.

Jason


This Week in Real Estate: November 13, 2017

Favorable news This Week in Real Estate from the U.S. Census Bureau regarding homeownership. For the second time in 2017, homeownership has increased. In other news, as inventory constraints still exist in most markets across the country, the fact that new construction spending is well ahead of last year provides some optimism that supply may start to relieve the pressure of demand. Below are a few highlights from the last week of October that influence our business:

* Homeownership Rate Improves For Second Time in 2017. The homeownership rate improved to 63.9 percent in the third quarter—the second time it has inched up this year, slightly topping 63.7 percent in the second quarter and 63.5 percent this time last year, according to the U.S. Census Bureau’s recent Quarterly Housing Vacancies and Homeownership report. Approximately 87 percent of housing was occupied in the third quarter, with 55.7 percent owner-occupied and 31.4 percent renter-occupied. Owner-occupied and renter-occupied housing accounted for 55.5 percent and 31.6 percent shares, respectively, in the second quarter of this year, and 55.5 percent and 31.8 percent shares, respectively, in the first quarter. The homeownership rate in the third quarter was again highest in the Midwest, at 69.1 percent, and the South, at 65.5 percent. The rate in the Northeast was 60.4 percent, while the rate in the West was 58.9 percent.
Full Story… http://rismedia.com/2017/10/31/homeownership-rate-improves-second-time-2017/?utm_source=newsletter&utm_medium=email&utm_campaign=eNews

* Metro Home Prices Maintain Fast Growth in Third Quarter; Rise 5.3%. Severely lacking inventory levels across the country pinched sales growth and kept home prices rising at a steady clip in nearly all metro areas in the third quarter, according to the latest quarterly report by the National Association of Realtors. The national median existing single–family home price in the third quarter was $254,000, which is up 5.3 percent from the third quarter of 2016 ($241,300). Single–family home prices last quarter increased in 92 percent of measured markets, with 162 out of 177 metropolitan statistical areas (MSAs) showing sales price gains in the third quarter compared with the third quarter of 2016 (the most since the second quarter of 2015, at 93 percent). In the West, existing–home sales increased 2.8 percent in the third quarter and are 1.9 percent above a year ago. The median existing single–family home price in the West increased 7.0 percent to $373,700 in the third quarter from the third quarter of 2016.
Full Story… https://www.nar.realtor/newsroom/metro-home-prices-maintain-fast-growth-in-third-quarter-rise-53-percent

* Single Family and Multifamily Construction Spending Post Gains. NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $515.4 billion in September, virtually unchanged from downwardly revised August estimates. The total private residential construction spending was 9.6% higher than a year ago. Residential spending was flat for the month but is still running well ahead of the 2016 pace, especially that single-family number. Single-family construction was up 0.2 percent month-over-month to a rate of $265.59 billion, but that contributed to the 11.9 percent annual growth. On an unadjusted basis, residential spending in September, at $46.41 billion, represented more than half of the total $83.57 billion spent on all privately funded construction. Residential spending through August came to $345.71 billion, up 11.7 percent over the same period last year. Single family construction spending for the month was estimated at an unadjusted $24.73 billion and multi-family at $5.261. Year-to-date spending in the two categories was 8.9 percent and 4.3 percent higher than during the same period in 2016.
Full Story… http://eyeonhousing.org/2017/10/cash-sales-retreat-as-a-share-of-new-home-purchases/

Have a productive week.

Jason


Portland Metro Weekend Events Planner: November 8, 2017

PORTLAND METRO WEEKEND EVENTS PLANNER
NOVEMBER 10-12, 2017

 

VETERANS DAY PARADE

SAT – Enjoy beautiful floats, marching bands, vehicles, groups and more to honor our Veterans.  

NORTHWEST FOOD & WINE FESTIVAL

SAT – Bringing the highest quality regional wines, spirits, beers, foods and prominent chefs and restaurants. Designed to present a rich and rewarding experience for wine lovers, gourmet food enthusiasts and industry experts. 

HOLIDAY FOOD & GIFT FESTIVAL

FRI-SUN – With over 300 exhibitors, this festival will provide shoppers with one-of-a-kind gifts that cannot be found anywhere else. Featuring art, crafts, jewelry, clothing, wood, music, photography, toys, Christmas décor, and much more, making this a gift buyer’s delight. 

PORTLAND METRO RV SHOW

FRI-SUN – All the best models, including motor homes, easy-to-pull trailers, 5th wheels, vans, campers, tent trailers, and toy haulers from all major manufacturers plus dozens of exhibitors and much more!  

WORDSTOCK

SAT – Featuring 100+ authors presenting 43 onstage events, pop-up readings, and 15 writing workshops. The festival includes activities for readers of all ages, an extensive book fair with 70+ vendors, local food trucks, and more. 

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. 

ALL HANDS ON DECK
Through SUN – An all-singing, all-American 1942 Roadshow & Radio Broadcast reproduction filled with the songs, dances and laughs that America has loved for 70 years! Offering a musical message for all Americans with a full-circle patriotic salute celebrating the American way of life; reminding us of a time when our country was fully united.

FLASHBACK DANCE CRUISE
Through November 18 – 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

FORT VANCOUVER VETERANS DAY PARADE

SAT – Honor our local veterans at the 10AM ceremony proceeded by the parade starting at 11AM at Fort Vancouver. 

NEIL YOUNG TRIBUTE VETERANS DAY BENEFIT SHOW

SAT – Enjoy a performance by Harvest Gold, the area’s top Neil Young tribute band, while supporting our local veterans.   

FESTIVAL OF TREES
Through December 16 – Divine Consign will display beautifully decorated trees at their downtown Vancouver location, 904 Main Street. Their event will benefit Clark County non-profit organizations.

NEW MOVIES OUT THIS WEEK

· Murder on the Orient Express
· Daddy’s Home 2
· No Greater Love
· Intent to Destroy
· Thelma
· Gold Star
· I Remember You
· Amanda & Jack Go Glamping
· Strong Black Woman Vol. 2

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: November 6, 2017

Good Morning!

Favorable news This Week in Real Estate from the U.S. Census Bureau regarding homeownership. For the second time in 2017, homeownership has increased. In other news, as inventory constraints still exist in most markets across the country, the fact that new construction spending is well ahead of last year provides some optimism that supply may start to relieve the pressure of demand. Below are a few highlights from the last week of October that influence our business:

* Homeownership Rate Improves For Second Time in 2017. The homeownership rate improved to 63.9 percent in the third quarter—the second time it has inched up this year, slightly topping 63.7 percent in the second quarter and 63.5 percent this time last year, according to the U.S. Census Bureau’s recent Quarterly Housing Vacancies and Homeownership report. Approximately 87 percent of housing was occupied in the third quarter, with 55.7 percent owner-occupied and 31.4 percent renter-occupied. Owner-occupied and renter-occupied housing accounted for 55.5 percent and 31.6 percent shares, respectively, in the second quarter of this year, and 55.5 percent and 31.8 percent shares, respectively, in the first quarter. The homeownership rate in the third quarter was again highest in the Midwest, at 69.1 percent, and the South, at 65.5 percent. The rate in the Northeast was 60.4 percent, while the rate in the West was 58.9 percent.
Full Story… http://rismedia.com/2017/10/31/homeownership-rate-improves-second-time-2017/?utm_source=newsletter&utm_medium=email&utm_campaign=eNews

* Metro Home Prices Maintain Fast Growth in Third Quarter; Rise 5.3%. Severely lacking inventory levels across the country pinched sales growth and kept home prices rising at a steady clip in nearly all metro areas in the third quarter, according to the latest quarterly report by the National Association of Realtors. The national median existing single–family home price in the third quarter was $254,000, which is up 5.3 percent from the third quarter of 2016 ($241,300). Single–family home prices last quarter increased in 92 percent of measured markets, with 162 out of 177 metropolitan statistical areas (MSAs) showing sales price gains in the third quarter compared with the third quarter of 2016 (the most since the second quarter of 2015, at 93 percent). In the West, existing–home sales increased 2.8 percent in the third quarter and are 1.9 percent above a year ago. The median existing single–family home price in the West increased 7.0 percent to $373,700 in the third quarter from the third quarter of 2016.
Full Story… https://www.nar.realtor/newsroom/metro-home-prices-maintain-fast-growth-in-third-quarter-rise-53-percent

* Single Family and Multifamily Construction Spending Post Gains. NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $515.4 billion in September, virtually unchanged from downwardly revised August estimates. The total private residential construction spending was 9.6% higher than a year ago. Residential spending was flat for the month but is still running well ahead of the 2016 pace, especially that single-family number. Single-family construction was up 0.2 percent month-over-month to a rate of $265.59 billion, but that contributed to the 11.9 percent annual growth. On an unadjusted basis, residential spending in September, at $46.41 billion, represented more than half of the total $83.57 billion spent on all privately funded construction. Residential spending through August came to $345.71 billion, up 11.7 percent over the same period last year. Single family construction spending for the month was estimated at an unadjusted $24.73 billion and multi-family at $5.261. Year-to-date spending in the two categories was 8.9 percent and 4.3 percent higher than during the same period in 2016.
Full Story… http://eyeonhousing.org/2017/10/cash-sales-retreat-as-a-share-of-new-home-purchases/

Have a productive week.

Jason


Portland Metro Weekend Event Planner: November 3-5, 2017

PORTLAND METRO WEEKEND EVENTS PLANNER
NOVEMBER 3-5, 2017

 

SKI FEVER & SNOWBOARD SHOW
FRI-SUN – Get ready for this year’s ski/snowboard season and get the lowest prices of the year. Meet the Ski and Snowboard reps that will give you the scoop on latest gear and how it will help you have more fun skiing and snowboarding.

WINES OF FRANCE

SAT – Taste and purchase a variety of distinct wines from some of France’s most prestigious wine regions while enjoying hors d’oeuvres and bidding on gorgeous raffle baskets.

NORTHWEST FILMMAKERS FESTIVAL
WED-SUN – Showcasing outstanding new work by our region’s media artists and offer a snapshot of the thriving creative community that surrounds us.

VERBOORT SAUSAGE FESTIVAL
SAT – Enjoy handmade sausage, sauerkraut and applesauce made solely by hundreds of community volunteers and generations of families that have been in Verboort for over 150 years.

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.

ALL HANDS ON DECK
Through November 12 – An all-singing, all-American 1942 Roadshow & Radio Broadcast reproduction filled with the songs, dances and laughs that America has loved for 70 years! Offering a musical message for all Americans with a full-circle patriotic salute celebrating the American way of life; reminding us of a time when our country was fully united.

FLASHBACK DANCE CRUISE
Through November 18 – Gather your crew & rock your best retro threads from the 70’s, 80’s and 90’s!

13TH DOOR HAUNTED HOUSE
Through SAT – Enter at your own risk as you embark these dank endless hallways and unhallowed grounds, demented creatures and the spirits that have crossed over, consuming those who have entered before you.

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

FESTIVAL OF TREES
Through December 16 – Divine Consign will display beautifully decorated trees at their downtown Vancouver location, 904 Main Street. Their event will benefit Clark County non-profit organizations.

NW LARGEST GARAGE & VINTAGE SALE
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.

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

· Thor: Ragnarok
· A Bad Mom’s Christmas
· LBJ
· On Wings of Eagles
· Gilbert
· My Friend Dahmer
· The Jade Pendant
· Last Flag Flying
· Repatriation
· Blade of the Immortal
· The Light of the Moon
· Bad Match

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: October 23, 3017

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Builder confidence reaches its highest reading since May and the unemployment rate settles into a 16-year low fueling early fourth quarter optimism This Week in Real Estate. Below are a few highlights from the third week of October that influence our business:
* CoreLogic Releases First HPI Forecast Validation ReportCoreLogic released its first HPI Forecast Validation Report on Thursday that publicly compares its 12-month HPI Forecast to the actual HPI Index. The HPI Forecast is a projection of home prices using the HPI and other economic variables. The first validation report shows: (1) the national forecast prediction of a 5.4 percent increase was within 0.7 percent of the 6.1 percent increase of the HPI for the 12-month period ending in June 2017, (2) the most accurate forecast was for the Phoenix-Mesa-Scottsdale, AZ area, which at 6.6 percent came within 0.4 percent of the actual HPI increase of 6.2, and (3) the widest gap was in Seattle-Bellevue-Everett, WA with an 8.4 percent under-estimation of actual increase.
* Builder Confidence Rises Four Points in October. Builder confidence in the market for newly-built single-family homes rose four points to a level of 68 in October on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This was the highest reading since May. This current reading shows that home builder sentiment is rebounding from the initial reaction of concern due to hurricanes in Florida and Texas, including the anticipated effects of repair and restoration work. However, builders need to be mindful of long-term, regional impacts from the storms, such as intensified material price increases and labor shortages. It nonetheless is encouraging to see builder confidence return to the high 60s levels we saw in the spring and summer. Looking at the three-month moving averages for regional HMI scores, the South rose two points to 68 and the Northeast rose one point to 50. Both the West and Midwest remained unchanged at 77 and 63, respectively.
* Jobless Claims Are The Lowest Since 1973. America’s job market is red hot. Only 222,000 American’s filed jobless claims for the first time last week, the fewest since March 1973. Unemployment is at a 16-year low of 4.2%. When unemployment peaked at 10% in 2009, shortly after the Great Recession, initial jobless claims were over 650,000.

Have a productive week!

Jason


This Week in Real Estate: October 16, 2017

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The Consumer Sentiment Index for early October was released This Week in Real Estate, reaching its highest level since the start of 2004. Below are a few highlights from the second week of October that influence our business:

* Lot Values Stable at Record High. Single-family lot prices remained at record high levels in 2016, with half of the lots priced at or above $45,000. According to NAHB’s analysis of the Census Bureau’s Survey of Construction (SOC) data, the median lot value reached $45,000 for the first time in 2015 exceeding the previous record of $43,000 reached in 2006. The Pacific division where densities are high and developed land is scarce has the smallest lots. However, high regulatory costs push the median lot value to $78,900, the second most expensive value in the nation. The lot values here are fast approaching the housing boom levels, when half of the lots were priced at above $82,000. The Pacific division lots also stand out for being most expensive in the nation in terms of per acre costs.
Full Story… http://eyeonhousing.org/2017/10/lot-values-remain-record-high-in-2016/

* Consumer Confidence Soars to Highest Level Since 2004. Consumer confidence crushed expectations in October, flying by a seven-month high hit in August. The consumer sentiment index, a survey of consumers by The University of Michigan, rose to 101.1 in October, far ahead of the 95 economists polled by Reuters anticipated. “Consumer sentiment surged in early October, reaching its highest level since the start of 2004,” Richard Curtin, chief economist for the Surveys of Consumers, said in a statement. Curtin noted that current trends indicated consumer spending continuing to expand through the middle of next year. He says, if that pace continues, it would mark the second longest expansion period since the mid-1800s. The economist says October’s numbers reflect “an unmistakable sense among consumers that economic prospects are now about as good as could be expected.”
Full Story… https://www.cnbc.com/2017/10/13/october-us-consumer-sentiment.html?__source=mnd%7Cnews%7C&par=mnd

* Serious Delinquency Rate for Home Loans Holds Steady at a Near 10-Year Low. CoreLogic released its month Loan Performance Insights Report on Tuesday which shows that, nationally, 4.6 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in July 2017. This represents a 0.9 percentage point year-over-year decline in the overall delinquency rate compared with July 2016 when it was 5.5 percent. As of July 2017, the foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, was 0.7 percent, down from 0.9 percent in July 2016 and the lowest since the rate was also 0.7 percent in July 2007. “While the U.S. foreclosure rate remains at a 10-year low as of July, the rate across the 100 largest metro areas varies from 0.1 percent in Denver to 2.2 percent in New York,” said Dr. Frank Nothaft, chief economist for CoreLogic. “Likewise, the national serious delinquency rate remains at 1.9 percent, unchanged from June, and when analyzed across the 100 largest metros, rates vary from 0.6 percent in Denver to 4.1 percent in New York.”
Full Story… http://www.corelogic.com/about-us/news/corelogic-reports-serious-delinquency-rate-for-home-loans-holds-steady-at-a-near-10-year-low.aspx

Have a productive week!

Jason


Portland Metro Weekend Events Planner: October 13-15, 2017

PORTLAND METRO WEEKEND EVENTS PLANNER
OCTOBER 13-15, 2017

PORTLAND FALL HOME SHOW
THURS-SUN – Filled to the brim with great home products and ideas. If you are searching for experts, remodeling pros or even that gardening or landscaping guru, this is the fall show for you.

PORTLAND VEGFEST
SAT-SUN – Celebrates plant-based living with free food samples, health and nutrition speakers, chef demonstrations, Fitness Stage workouts, restaurants, films, and activities for kids and teens. There’s something for everyone!

PORTLAND GEM AND MINERAL SHOW
FRI-SUN – Over 45 dealers from all regions, 80 exhibits of different rocks, minerals, fossils and more. Plus interactive demonstrations in beading, wire wrapping, faceting and stone carving.

TATTOO EXPO
FRI-SUN – Over 300 top tattoo artists and vendors from across the United States.

GREAT ONION FESTIVAL
SAT – Over 35 vendors, onion contests including onion rolling, onion eating, stinkiest breath and Best Dang Onion Dish. A full day of family fun with kids activities and entertainment stage.

CIDER AND BEER PRO/AM
SAT – Portland’s most unique beer festival! 32 home brewers partner with established pro brewers to create and debut 32 brand new beers and ciders with witty names. Taste all the new brews and vote for your favorite, all while enjoying the experience of an intimate but lively event.

ARTISTS AT WORK
SAT-SUN – A self-guided tour that will take you through 100 Portland artists studios.

FIND A PUMPKIN PATCH NEAR YOU

ALL MONTH – Various locations in the Portland Metro.

FRIGHT TOWN
Through October 31Three haunted houses in one location!

VILLIANS & VIXENS
Through Sun – A musical cabaret with new songs, new villains, and plenty of spooktacular surprises! Start the Halloween season off right, with a night of mischief, mayhem, and manically marvelous music.

HAUNTED PUB TOUR
Through October 31 – Uncover Portland’s dark side on this spine-tingling walking tour and hear first-hand accounts of paranormal encounters – all while sampling 6 local beers!

HALLOWEEN FANTASY TRAIL
Through October 30 – Walk through a lighted, wooded, “Fantasy Trail” decorated with spooky sights and sounds. Walk through a 40 foot castle with Halloween scenes, a tunnel, maze, crooked house, suspension bridge and more.

13TH DOOR HAUNTED HOUSE
Through November 4 – Enter at your own risk as you embark these dank endless hallways and unhallowed grounds, demented creatures and the spirits that have crossed over, consuming those who have entered before you.

PHANTOM
Through Sun – This mesmerizing Phantom is traditional musical theatre in the finest sense. The Tony award winning authors of Nine have transformed Gaston Leroux’s The Phantom of the Opera into a sensation that enraptures audiences and critics with beautiful songs and an expertly-crafted book. It is constructed around characters more richly developed than in any other version, including the original novel.

CABARET
Through Sun – Northwest-acclaimed Director, Ron Daum, continues Lakewood Theater Company’s 65th season with the audience-favorite production of Cabaret. Take your seat at the “perfectly marvelous” Kit Kat Klub in Kander and Ebb’s Tony-winning musical about cabaret performer Sally Bowles and American writer Cliff Bradshaw during the pre-WWII decadence of 1930s Berlin.

80’S VIDEO DANCE ATTACK
FRI – 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 SCAREGROUNDS
Through October 29 – Featuring haunted houses, carnival rides & games, all-ages attractions & special events, dozens of Midway vendors, food & dining, walkaround characters, and so much more!

DINE THE COUVE
Through October 31 – Foodies and beer drinkers unite! For the entire month of October, original Vancouver USA eateries, breweries, and taprooms will serve up some special items. View participating restaurants here.

GHOST WALKS

FRI-SUN through October 29 – Stories have grown up about the Vancouver Barracks, stories of loneliness, fear and tragedy, all part of the darker aspects of military life. Whether you believe in ghosts or not, you will be interested in the stories of the Vancouver Barracks’ past inhabitants.

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 October 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
THURS – 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

· Goodbye Christopher Robin
· 6 Below: Miracle on the Mountain
· Breathe
· The Foreigner
· Professor Marston & The Wonder Women
· Happy Death Day
· Swing Away
· Blood Money
· The Secret Scripture
· American Satan

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.


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