Central Oregon Weekend Planner: June 28-30, 2019

 

CENTRAL OREGON WEEKEND PLANNER

JUNE 28-30, 2019

CENTRAL OREGON SOLSTICE
SAT – Celebrate the Solstice at the Powell Butte Community Center with Yoga, an artist bazaar, tea, and a refreshment lounge. Enjoy tarot readings, healing sessions, or a massage.

CROOKED RIVER ROUNDUP
THROUGH SAT – This event brings thousands of people from all over the U.S. for the rodeo and horse racing.

SUNSET DINNERS
THROUGH SEPT 7 Mt. Bachelor hosts stunning views for a romantic sunset dinner. Enjoy an eight-course meal with friends or family and end your night with a moonlight chairlift ride down the Mt. .

MUSICAL: SHE LOVES ME
THROUGH SUN Cascades Theatre hosts a play set in a 1930’s perfumery in Europe. Two individuals may not see eye-to-eye but when they respond to an ad in the newspaper, they discover the true identity of their true loves.

WESTERN DAYS FESTIVAL
FRI-SAT – Head to Prineville for old fashioned family fun with over 100 vendors, live music, games, and stick horse races.

KENNEL CLUB DOG SHOW
FRI-MON – Watch 3 back to back shows and trials with agility, obedience, and rally obedience trials.

GLOW BALL GOLF
THROUGH AUG 28 – Glow all night at Sunriver Resort with glowing golf balls, a putter, and fun time with the family.

SATURDAY MARKET
SAT – Head to the Bend Saturday Market featuring local artists, businesses, and produce.

BIKE PARK OPENING
ONGOING – The Mt. Bachelor Bike Park offers 13 miles of downhill trails and different options for various skill levels.

LIVE MUSIC
ONGOING – The Volcanic Theatre and Pub hosts live music that’ll move you. Check their calendar for live theatre and movies as well!

MOVIES OPENING THIS WEEKEND

  • Annabelle Comes Home
  • Yesterday
  • The Last Whistle
  • Maiden
  • Ophelia
  • The Other Side of Heaven 2: Fire of Faith
  • Three Peaks
Click here for movie times and theaters.

FOR A COMPLETE LIST OF EVENTS IN THE AREA FOR THE ENTIRE MONTH, VISIT CENTRAL OREGON EVENTS

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

www.bhhsnw.com


Portland Metro Weekend Planner: June 28-30, 2019

PORTLAND METRO WEEKEND PLANNER

JUNE 28-30, 2019

LAVENDER FESTIVAL
SAT-SUN – The Clackamas County Lavender Festival in Oregon City has U-Pick lavender and provides education on sustainability in agriculture. Browse the showcase of local small craft businesses, enjoy lavender flavored sweets and treats, DIY projects, and more.

SUMMERFEST
FRI-SUN – Also known as the COHO SummerFest, this stage takes on four cutting-edge multidisciplinary artists with four shows and no boundaries.

OREGON CIDER WEEK
THROUGH SUN – Multiple tasting events and happy hours all around the city celebrate Oregon Cider Week. The Northwest Cider Association announces the 8th annual celebration with cidermakers, chefs and special events all across Oregon.

OMSI AFTER DARK: OCEANS
FRI-SAT – Head to OMSI for a kid-free night of science and learning, this week hosts Oceans.

INTERNATIONAL FESTIVAL
FRI-SUN – Oregon’s largest multicultural events the World Beat Festival hosts crafts, demos, performances, children’s activities, food vendors, and a beverage garden.

SHERWOOD WINE FESTIVAL
FRI-SUN Sherwood Wine Festival and Artisans fair hosts 18 participating wineries and breweries. Indulge in local food vendors paired to match the notes of our Willamette Valley wine.

SHAKESPEARE IN THE PARK
THROUGH AUG 25 – Watch 17 different plays outdoors during the Original Practice Shakespeare Festival.

OREGON BACH FESTIVAL
THROUGH JULY 13 – Celebrate the legacy of classical music composer Johann Sebastian Bach with 35 performances and events.

INTO THE WOODS
SAT-SUN – The Broadway Rose Theatre hosts performances of the classic tale Into the Woods with familiar storybook figures and elaborate costumes.  

DINNERS IN THE FIELD
ONGOING – Get your ticket to dinners in the field this summer. Enjoy local produce and local Willamette Valley wines.

JEWISH FILM FESTIVAL
THROUGH SUN – The Portland Jewish Film Festival celebrates Jewish culture at the Portland Art Museum. Learn about the identity, diversity, and history that resonates in Jewish film.

OMSI EVENT
ONGOING – OMSI takes a behind the scenes glance at Pixar creations. Experience the science, technology, art, and concepts by Pixar artists for award-winning films.

HISTORIC CHINATOWN
ONGOING – Head to the Portland Chinatown Museum for a look beyond the gate. This exhibit uses rare objects and visuals to explain the history and old tales of Portland’s historic Chinatowns.

 

VANCOUVER METRO EVENTS 

HISTORIC OASIS
FRI – The English Estate Winery hosts a historic oasis in East Vancouver with live music performances and a coastal food truck. Enjoy the party with a pairing of the wine grown on the 116-year old farm.

RECYCLED ARTS FESTIVAL
SAT-SUN – This two-day Recycled Arts Festival is the largest recycled event in the Northwest with over 120 vendors and 75% recycled and repurposed materials.

TWILIGHT HALF MARATHON
FRI – This half marathon is a flat, easy run in the evening. Get a souvenir shirt, win a medal, enjoy a tamale dinner and craft beers with registry. This event supports the Children’s Cancer Association.

PAINT NIGHT
SAT – Take on a blank canvas at Heathen Brewing Feral Public House and enjoy small batches of Progressive Ales.

VANCOUVER FARMERS MARKET
ONGOING –  The Vancouver farmers market features local fresh produce and products.

MOVIES OPENING THIS WEEKEND

  • Annabelle Comes Home
  • Yesterday
  • The Last Whistle
  • Maiden
  • Ophelia
  • The Other Side of Heaven 2: Fire of Faith
  • Three Peaks

Click here for movie times and theaters.

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

FOR A COMPLETE LIST OF EVENTS IN THE AREA FOR THE ENTIRE MONTH, VISIT

www.events12.com/portland

www.bhhsnw.com


Central Oregon Weekend Planner: June 21-23, 2019

CENTRAL OREGON WEEKEND PLANNER
JUNE 21-23, 2019

4 PEAKS MUSIC FESTIVAL
THROUGH SUN – Bring the family to Stevenson Ranch for a fun-filled weekend with live music from world class musicians, activities, and camping.

PRIDE 5K & DRAG DASH
SAT – OCO hosts the first ever Pride 5K Run/Walk celebrating inclusivity and the Central Oregon Pride Festival. Complete the course, enter the fun and silly Drag Dash, and finish the party with a raffle.

PLANETARIUM
FRI-SAT – The Oregon Observatory invites you to the inflatable planetarium with a guided tour of the solar system.

MUSICAL: SHE LOVES ME
THROUGH JUNE 30 Cascades Theatre hosts a play set in a 1930’s perfumery in Europe. Two individuals may not see eye-to-eye but when they respond to an ad in the newspaper, they discover the true identity of their true loves.

ELK LAKE MUSIC
SAT Elk Lake Resort hosts a concert series, Music on the Water with Boneyard Beer and Crater Lake Spirits.

SOLSTICE FESTIVAL
FRI – Celebrate the longest day of the year with a day of unplugging and recharging. Check out local creatives and artisans, gourmet food trucks and live music.

BASEBALL
FRI – Head to the Vince Genna Stadium to watch the Bend Elks take on the Bellingham Bells.

PRONGHORN RESORT
SAT – Leave your phone at home and head to the Pronghorn Resort for a Wellness Retreat and Spa day. Enjoy wellness classes, workshops, and spa services.

SATURDAY MARKET
SAT – Head to the Bend Saturday Market featuring local artists, businesses, and produce.

PADDLEBOARD CHALLENGE
SAT – Racers of all skill levels are welcome to compete on a calm stretch of the Deschutes River on either 1.5 or 4.5 miles.

LIVE MUSIC
ONGOING – The Volcanic Theatre and Pub hosts live music that’ll move you. Check their calendar for live theatre and movies as well!

MOVIES OPENING THIS WEEKEND

  • Toy Story 4
  • Child’s Play
  • Anna
  • Kursk
  • Surprise Me
  • Wild Rose
  • The Extraordinary
Click here for movie times and theaters.

FOR A COMPLETE LIST OF EVENTS IN THE AREA FOR THE ENTIRE MONTH, VISIT CENTRAL OREGON EVENTS

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

www.bhhsnw.com


Portland Metro Weekend Planner: June 21-23, 2019

 

PORTLAND METRO WEEKEND PLANNER

JUNE 21-23, 2019

FESTIVAL OF BALLOONS
FRI-SUN – The City of Tigard celebrates the Festival of Balloons. Friday and Saturday nights feature a Night Glow Presentation and the Rogue Beer Garden with live music while Sunday features the festival of cars.

CIDER SUMMIT PDX
FRI-SAT – The Cider Summit in the Pearl features 150 ciders, local food, and live music.

GORGE BLUES & BREWS
FRI-SAT – Enjoy local wine and beer in the scenic Gorge with live music and free entry Friday.

MULTICULTURAL FESTIVAL
FRI-SUN – The Good in the Hood Parade is one of the largest community parades in the Pacific Northwest. Gather with friends and family to watch marching bands, drill teams, and community groups. The festival features music, food, and art.

SUN FESTIVAL
THROUGH SUN SunFest Summer celebrates the longest day of the year with workshops, drums, and fire dancing.

SHAKESPEARE IN THE PARK
THROUGH AUG 25 – Watch 17 different plays outdoors during the Original Practice Shakespeare Festival.

MOVIES IN THE PARK
FRI – Live performances featuring local musicians and movies at dusk. Bring food and drinks and enjoy a night under the stars.

TASTE OF PARKROSE
SAT – Enjoy arts and crafts, live music and food samples at Rossi Farms with fair vendors,

LAKE OSWEGO ARTS FESTIVAL
FRI-SUN – Head to Art in the Park and the craft fair with over 100 booths, a music stage, food court, and wine and beer pavilion at George Rogers Park.

CURTAIN UP
THROUGH SAT – This all-female cast hosts a comedy about inheriting a dilapidated theatre and the comical attempt to fundraise for their future.

DINNERS IN THE FIELD
ONGOING – Get your ticket to dinners in the field this summer. Enjoy local produce and local Willamette Valley wines.

SUMMER CONCERTS IN THE PARK
FRI – This Friday night, head to King School Park for live concerts and free popcorn. The music will be followed by a showing of the new movie The Black Panther.

JEWISH FILM FESTIVAL
THROUGH JUNE 30 – The Portland Jewish Film Festival celebrates Jewish culture at the Portland Art Museum. Learn about the identity, diversity, and history that resonates in Jewish film.

DAYBREAKER PRIDE
SUN – Blockhouse and the Outdoor Garden host a pride celebration you don’t want to miss! Bring a mat for Yoga in the morning followed by a dance party, complimentary breakfast bites, kombucha, and live performances.

OMSI EVENT
ONGOING – OMSI takes a behind the scenes glance at Pixar creations. Experience the science, technology, art, and concepts by Pixar artists for award-winning films.

HISTORIC CHINATOWN
ONGOING – Head to the Portland Chinatown Museum for a look beyond the gate. This exhibit uses rare objects and visuals to explain the history and old tales of Portland’s historic Chinatowns.

 

VANCOUVER METRO EVENTS 

HISTORIC OASIS
FRI – The English Estate Winery hosts a historic oasis in East Vancouver with live music performances and a coastal food truck. Enjoy the party with a pairing of the wine grown on the 116-year old farm.

BOOKFEST
THROUGH SAT – Over 20,000 used books will be for sale, from fiction to nonfiction and everything in-between! Don’t miss out on this great deal, paperback books start at $0.50 and all others are $1.00!

SUMMER BLOCK PARTY
FRI – Join thousands in the community to celebrate the 2nd Annual summertime block party with live music, great food, and breweries on site at Esther Short Park and Playground.

SUMMER SOLSTICE PARTIES
FRI-SUN – New to Clark County, the Mended Oak Winery hosts a party celebrating the coming of summer with Fort Bayou BBQ and live music in a community gathering on Friday. Coalition Brewing celebrates the longest day of the year all weekend with $5 drafts, and farm-fresh specials like squash blossom pizza, fresh cherry shakes and southern comfort like fried zucchini.

VANCOUVER FARMERS MARKET
ONGOING –  The Vancouver farmers market features local fresh produce and products.

MOVIES OPENING THIS WEEKEND

  • Toy Story 4
  • Child’s Play
  • Anna
  • Kursk
  • Surprise Me
  • Wild Rose
  • The Extraordinary
Click here for movie times and theaters.

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

FOR A COMPLETE LIST OF EVENTS IN THE AREA FOR THE ENTIRE MONTH, VISIT

www.events12.com/portland

www.bhhsnw.com


This Summer Selling Season Creates Buyer Opportunities

This Summer Selling Season Creates Buyer Opportunities

As the summer selling season begins in earnest two market variables create opportunities for buyers. The Mortgage Bankers Association released its Mortgage Credit Availability Index (MCAI) This Week in Real Estate, reporting mortgage access increased for the fifth consecutive month in May. Increases in the MCAI means the loosening of credit. In addition, the decline of mortgage rates has resulted in the annual growth rate for the typical mortgage payment dropping below that of home prices. Below are a few highlights from the second week of June that influence our business:

Credit Availability Rises for Fifth Consecutive Month. Mortgage access increased in May for the fifth consecutive month. The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability Index (MCAI) rose 1.9 percent to 189.5. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. The MCAI is calculated using several factors related to borrower eligibility (credit score, loan type, loan-to-value ratio, etc.) gathered from over 95 lenders and investors. They are combined with data from an AllRegs proprietary product to calculate a summary measure indicating the availability of mortgage credit at a point in time. The MCAI and its components are designed to show relative credit risk/availability for their respective indices and were benchmarked in March 2012. The total MCAI, Conforming, and Jumbo indices were indexed at 100 while the Conventional and Government indices were indexed at 73.5 and 183.5 respectively to better represent where each index might have been relative to 100. “Credit supply increased 2 percent in May, driven by the fifth straight gain in the jumbo index, which was up 7 percent and surpassed last month as the new all-time survey high,” said Joel Kan, MBA’s Associate Vice President of Economic and Industry Forecasting. “The conventional index continues to grow, while the government index has generally been lower this year. Government credit supply continues to decline since peaking in 2017, as there are fewer streamlined refinance programs being offered.”

Homebuyers Face Much Slower Growth in the “Typical Mortgage Payment” This Year. Last year’s rising mortgage rates meant the monthly payments that many homebuyers struggled to qualify for were rising much faster than home prices. In November 2018, for example, the U.S. median sale price rose about 4% year over year, but the principal-and-interest payment on that median-priced home – what we call the “typical mortgage payment” – surged 17% because mortgage rates had risen a percentage point. By March this year, however, declining mortgage rates had resulted in the annual growth rate for the typical mortgage payment dropping below that of home prices. Moreover, some rate and price forecasts suggest the mortgage payments homebuyers face the rest of this year will, on a year-over-year basis, be only slightly higher or a tad lower, which could help spur home sales. Looking ahead, the CoreLogic Home Price Index (HPI) and HPI Forecast suggest annual gains in home prices each month from this April through next March will average 4.3%. That forecast, combined with the average among six mortgage rate forecasts, suggests that over that same period the annual change in the typical mortgage payment each month will average out to a gain of 0.9%, including five months in which there is a slight annual decline.

Consumer Credit Posts Highest Yearly Increase Since July 2017. As of April 30, 2019, consumer credit totaled $4.1 trillion on a seasonally adjusted basis, with $1.1 trillion in revolving debt and $3.0 trillion in nonrevolving debt. The latest monthly year-over-year percentage increase of 5.3% in the outstanding debt is the greatest change that has occurred since July 2017, driven primarily by increases in nonrevolving debt. The increase in nonrevolving debt is a good sign for the sentiment of American consumers, as it signifies that they are confident in willing to make larger purchases, including houses.

 


Central Oregon Weekend Planner: June 14-16, 2019

 

CENTRAL OREGON WEEKEND PLANNER

JUNE 14-16, 2019

BITE OF BEND
FRI-SUN – The Bite of Bend celebrates the region’s unique ingredients, cuisine, and culture. The Mixology Showcase celebrates the best cocktails in the region with the best spirits, mixers, and cutting-edge cocktail techniques during the Bite of Bend.

SUNSET PADDLE
FRI – Head to the high desert of Lake Billy Chinook and see incredible wildlife while paddling off into the sunset with a river guide.

MUSICAL: SHE LOVES ME
THROUGH JUNE 30 Cascades Theatre hosts a play set in a 1930’s perfumery in Europe. Two individuals may not see eye-to-eye but when they respond to an ad in the newspaper, they discover the true identity of their true loves.

BEERS, BANDS, AND PUBLIC LANDS
SAT – Head to Drake Park to enjoy live music paired with craft beer in support of public lands.

THE BUTLER DID IT
THROUGH FRI – The Sunriver Stars bring a murder mystery to the big stage with a classic whodunnit and a comical twist.

GRILLING FOR DAD
SUN – Bring Dad to Maragas Winery for a Barbecue and live music by the Allan Byer Project with award-winning wine, local beer, and soft drinks.

PRONGHORN RESORT
SUN Father’s Day kicks off with a BBQ and a putting contest with prizes for winners, starters, mains, and desserts.

BROADWAY-STYLE CIRCUS
THROUGH JUNE 23 – Head to the Deschutes County Fair & Expo Center for a classic American Circus with a mix of a Broadway Show.

SATURDAY MARKET
SAT – Head to the Bend Saturday Market featuring local artists, businesses, and produce.

LIVE MUSIC
ONGOING – The Volcanic Theatre and Pub hosts live music that’ll move you. Check their calendar for live theatre and movies as well! 

A STARRY NIGHT AT THE OBSERVATORY
ONGOING – Come to the observatory at night and view a guided constellation tour with experts.

MOVIES OPENING THIS WEEKEND

  • Men In Black: International
  • Shaft
  • 5B
  • American Woman
  • The Dead Don’t Die
  • In The Aisles
  • Late Night
Click here for movie times and theaters.

FOR A COMPLETE LIST OF EVENTS IN THE AREA FOR THE ENTIRE MONTH, VISIT CENTRAL OREGON EVENTS

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

www.bhhsnw.com


Create Your Own Outdoor Kitchen Space

 

Extend your living area and build a backyard entertainment space for summer guests by creating an outdoor kitchen.

Plan to surround your grill or cooktop surface with a prep area, storage for plates and utensils, shelving areas for nonrefrigerated condiments and food, and appliances if budget allows. Select the grill or cooktop on the front-end of your planning, as the construction and setup process will factor onto overall dimensions and layout.

With the addition of counterspace comes the benefit of cabinetry to create extra storage for added accessories like cutlery, outdoor dishware, a blender, or kegerator. Due to the weather changes and dampness in the Pacific Northwest, not just any variety of cabinet will do. Look into weatherproof cabinets—popular styles include the industrial look of 304 stainless steel, the practical structure of marine grade polymer, or a refreshingly natural teak.

If space allows, upgrade with add-on features to expand the capabilities of the kitchen with these popular appliances:

• Pizza Oven
• Dishwasher
• Ice machine
• Kegerator
• Fryer
• Built-in ice chest

Flooring is an important consideration in the outdoor kitchen and dining area. You’ll want to allow easy flow between spaces. Opting for concrete flooring is cost-effective, while stone or tile may add some expense but allow for creativity in design. Play with the color and textures of stone and tile to tie in the surrounding nature

Another important area to consider is the gathering space. Incorporating seating behind a counter or bar can be a great alternative to a large sofa or bulky furniture. When construction is complete, you’ll have a new way to enjoy summer moments and create long-lasting memories with friends and family.


Portland Metro Weekend Planner: June 14-16, 2019

 

PORTLAND METRO WEEKEND PLANNER

JUNE 14-16, 2019

PRIDE FESTIVAL
SAT-SUN – The Portland Pride Festival is held at Waterfront Park this weekend. Celebrate the LGBTQ community and watch the fantastic parade!

BEER & CHEESE FESTIVAL
FRI-SUN – The 8th annual Beer and Cheese Festival produced by PDX beer week hosts a one of a kind event at Cumulation Brewing with paired cheeses.

THEATRICAL ELVIS COMEDY
THROUGH JUNE 22 – After an Elvis impersonator loses his job, he becomes a drag queen in this musical comedy The Legend of Georgia McBride.

DELTA PARK POWWOW
FRI-SUN – Head to the Powwow at the park for dancing, drumming, art and craft vendors, food vendors and games at Delta Park East.

BERRY FESTIVAL
FRI-SUN – Lee Farms hosts the Berry Festival with fun kids’ activities, farm animals, a hay maze, and wagon rides. Enjoy foods featuring Lee’s berries in pies, shortcakes, milkshakes, and more!

JUNETEENTH PARADE FESTIVAL
SAT – The Juneteenth Parade celebrates the emancipation of slaves with a parade and festival. Join the parade, kicking off with the Clara Peoples Freedom Trail and end at the festival with food and live music.

GRATEFUL DAD RUN
SAT – The half-marathon and 10K, 5K, and kid-run hosts a run along the scenic Columbia river followed with breakfast, a beer garden fit for dad, and music by the Grateful Dead.

RENAISSANCE FAIR
FRI-SUN – Head to Canby for the Oregon Renaissance Fair to experience the Vale of Dunrose, Scotland. Don’t miss artisans and merchants, entertainers, performers, and more!

BBQ ON THE FARM
SAT-SUN – Strawberries, craft beer, wine, and live music on the farm with music, hayrides, berries, brews, and BBQs at the St. Paul French Prairie Gardens.

CHOCOLATE TOUR
ONGOING Chocolate Pursuit tours share an afternoon (3.5-hour) walking tour highlighting five stops. Learn about the Portland chocolate culture while sampling local bites.

CURTAIN UP
THROUGH JUNE 22 – This all-female cast hosts a comedy about inheriting a dilapidated theatre and the comical attempt to fundraise for their future.

DINNERS IN THE FIELD
ONGOING – Get your ticket to dinners in the field this summer. Enjoy local produce and local Willamette Valley wines.

FATHER’S DAY CRUISE
SUN – All aboard the Portland Spirit! Hop on the River Cruise for brunch, a dinner, or just to enjoy Portland’s one-of-a-kind views.

JEWISH FILM FESTIVAL
THROUGH JUNE 30 – The Portland Jewish Film Festival celebrates Jewish culture at the Portland Art Museum. Learn about the identity, diversity, and history that resonates in Jewish film.

ZOO CONCERTS
FRI-SAT – Kick off summer with the animals at the Oregon Zoo during the Concert Series. This weekend features Rain: A tribute to the Beatles, and the Indigo Girls.

CLASSICAL MUSIC
SAT – Listen to classical music by popular composers at the Oregon Music Festival.

MESMERICA
SAT – This visual music journey expands viewers minds with a full-dome projection show, engaging senses with sound and light.

OMSI EVENT
ONGOING – OMSI takes a behind the scenes glance at Pixar creations. Experience the science, technology, art, and concepts by Pixar artists for award-winning films.

HISTORIC CHINATOWN
ONGOING – Head to the Portland Chinatown Museum for a look beyond the gate. This exhibit uses rare objects and visuals to explain the history and old tales of Portland’s historic Chinatowns.

VANCOUVER METRO EVENTS 

FLAG DAY AT FT. VANCOUVER
SAT – Celebrate our country’s stars and stripes with the 26th annual Flag Day at Ft. Vancouver. Participate in the tie contest, sing patriotic songs, and learn proper flag etiquette.

ANNUAL ROSE SHOW
SAT – The 66th annual Rose Show is the 2nd largest in the country, with exhibits of roses and hybrids on display.

FATHER’S DAY STEAM TRAIN
SAT-SUN – The Chelatchie Prairie Railroad offers a special Father’s Day celebration ride through the Heisson area to Yacolt Falls.

CONCERT IN THE PARK
SAT – Bring the family for free live music in the park. Bring a blanket and a picnic to Evergreen park Saturday evening.

VANCOUVER FARMERS MARKET
ONGOING –  The Vancouver farmers market features local fresh produce and products.

MOVIES OPENING THIS WEEKEND

  • Men In Black: International
  • Shaft
  • 5B
  • American Woman
  • The Dead Don’t Die
  • In The Aisles
  • Late Night
Click here for movie times and theaters.

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

FOR A COMPLETE LIST OF EVENTS IN THE AREA FOR THE ENTIRE MONTH, VISIT

www.events12.com/portland

www.bhhsnw.com

 


60% of Americans are Homeowners

 

60% of Americans Are Homeowners

According to the Federal Reserve’s Flow of Funds report released This Week in Real Estate, the collective value of all owner-occupied homes reached a record high of $26.1 trillion in the first quarter; 15% higher than the peak prior to the ‘great recession’ in 2006. Below are a few highlights from the first week of June that influence our business:

U.S. Home Values Reach a Record High of $26.1 Trillion in Q1. The value of all U.S. owner-occupied homes increased to a record $26.1 trillion in the first quarter, according to a Federal Reserve report released Thursday known as the Flow of Funds. That was a gain of 4.3% from a year earlier, the slowest annualized increase since 2012. The collective value of U.S. homes is now 15% higher than the bubble peak reached in 2006. Once that bubble popped, it was a decade before values recovered to the same level. As home values rose in the first quarter, so did homeowner equity, meaning the worth of a home compared to its mortgage. Americans owned 60.4% of their homes in the first quarter, the highest level of equity since 2002. An increase in home equity traditionally has been a support to the U.S. economy as Americans either refinance their first-lien mortgages at higher balances, known as cash-out refis or get home equity loans in a junior lien position. That supports consumer spending, which accounts for 70% of the U.S. economy. Cashed-out equity typically is used either for renovations, college tuition, or to pay off credit card debt, according to Fed economists. Americans converted $19 billion of their home equity into cash in the first quarter, the largest amount since the year-earlier quarter when it was $22.7 billion, according to a Freddie Mac estimate. Most were through cash-out refis, at $16.7 billion, while home equity loans accounted for $2.3 billion.

Borrowers Are Sitting on Record Amounts of Home Equity. The amount of equity in mortgaged real estate increased by about $486 billion in Q1 2019 from Q1 2018, an annual increase of 5.6%, according to the latest CoreLogic Equity Report. The first quarter’s annual increase in home equity marked the lowest such gain in equity since Q4 2012, which reflects slowing price growth. Despite the lower growth rate, borrower equity hit a new high in Q1 2019, and borrowers have gained $5.6 trillion in equity since the end of 2011 when equity stopped declining. The nationwide negative equity share for Q1 2019 was 4.1% of all homes with a mortgage, more than 20 percentage points lower than the peak negative equity share – 26% – recorded in Q4 2009. The number of underwater properties decreased by 268,000 from Q1 2018 to Q1 2019.

AD&C Loan Volume Expands at Start of 2019. After a slight dip at the end of 2018, a consequence of rising interest rates, the volume of residential construction loans increased by 1.5% during the first quarter of 2019. The expansion of construction loans mirrors an NAHB survey showing a slight easing of credit conditions at the start of 2019, with an average 6% rate for speculative single-family construction financing. Tight availability of acquisition, development, and construction (AD&C) loans has been a limiting or cost factor for home building growth, but easing credit conditions and a growing loan base helped expand residential construction activity, albeit modestly. According to data from the FDIC and NAHB analysis, the outstanding stock of 1-4 unit residential construction loans made by FDIC-insured institutions increased by $1.1 billion during the first quarter of 2019, placing the total amount of outstanding loans at $80 billion. On a year-over-year basis, the stock of residential construction loans is up just under 6%, the lowest rate since 2013. Since the first quarter of 2013, the stock of outstanding home building construction loans has nonetheless grown by 97%, an increase of $39 billion.

 


CENTRAL OREGON WEEKEND PLANNER JUNE 7-9, 2019

CENTRAL OREGON WEEKEND PLANNER

JUNE 7-9, 2019

SISTERS RODEO
FRI-SUN – Head to Sisters for the 79th annual Rodeo for the Biggest Little Show in the World. The show features the best in the West in bull-riding, team bronc, and saddle bronc riding, steer wrestling, team roping, barrel racing, tie-down roping, and bareback riding.

GOLF FEST
SAT – The Awbrey Glen golf club celebrates golf culture with demos and prizes. Enter to win $5,000 and play a 50ft putt contest.

MUSICAL: SHE LOVES ME
THROUGH JUNE 30 Cascades Theatre hosts a play set in a 1930’s perfumery in Europe. Two individuals may not see eye-to-eye but when they respond to an ad in the newspaper, they discover the true identity of their true loves.

MAUPIN MADNESS
SAT – Head to uptown Maupin for breakfast and enjoy a poker run, bike show, and an ultimate chili cook-off.

THE BUTLER DID IT
THROUGH JUNE 14 – The Sunriver Stars bring a murder mystery to the big stage with a classic whodunnit and a comical twist.

DESCHUTES DEMOLITION
SAT – The Deschutes Demolition competition at Sunriver Village hosts two member teams of athletes in RX, Scaled, and Masters divisions. Win cash prizes and trophies!

PRIDE GOLF DAY
SAT – Out Central Oregon hosts Pride Golf Day at Juniper Golf Course. Enjoy a game of golf, cornhole, giant Jenga, a live DJ and karaoke as well as a dinner and dance.

BIG BAND JAZZ
SUN – Head to Tower Theater for Oregon’s finest jazz musicians highlighting modern big band jazz with a classic twist.

SATURDAY MARKET
SAT – Head to the Bend Saturday Market featuring local artists, businesses, and produce.

LIVE MUSIC
ONGOING – The Volcanic Theatre and Pub hosts live music that’ll move you. Check their calendar for live theatre and movies as well!

A STARRY NIGHT AT THE OBSERVATORY
ONGOING – Come to the observatory at night and view a guided constellation tour with experts

MOVIES OPENING THIS WEEKEND

  • XMEN: Dark Phoenix
  • The Secret Life of Pets 2
  • Late Night
  • The Gangster, The Cop, The Devil
  • Papi Chulo
  • This One’s For The Ladies
  • Chasing the Dragon 2: Wild
Click here for movie times and theaters.

FOR A COMPLETE LIST OF EVENTS IN THE AREA FOR THE ENTIRE MONTH, VISIT CENTRAL OREGON EVENTS

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

 

www.bhhsnw.com


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