Portland Metro Weekend Planner – January 25-27, 2019  

 

PORTLAND METRO WEEKEND PLANNER
JANUARY 25-27, 2019

 PORTLAND INTERNATIONAL AUTO SHOW
THROUGH SUN – Head to the largest auto show in the Pacific Northwest! Browse over 600 vehicles and over 35 manufacturers. Explore the latest trends, or watch live custom car builds!

PORTLAND MINI MUSICAL
THROUGH SUN – Catch six different musicals running about 15 minutes each by Brunish Theatre writers.

FIRST TASTE OREGON
FRI-SAT – The Oregon State Fairgrounds host beautiful works from local artists, premier wine, spirits, and brews. Pair a drink with Oregon’s best food from local vendors.

INTERNATIONAL CAT SHOW
FRI-SUN – Head to the Portland Expo Center to watch the cat competition of the year. In attendance will be international expert judges and the most beautiful cats from all over the world.

WINTER MUSIC FESTIVAL
FRI-SUN – The Winter Music Festival in Florence is known as the Coast’s best music and arts festival. This year, the festival hosts folk music, bluegrass, and Americana genres.

DISCOVER KING TUT
THROUGH SUN – Take on a once in a lifetime experience viewing the treasures and tomb of famous King Tut at OMSI.

$5 AFTER 5
FRI – Head to the Portland Art Museum for $5 admittance after 5pm. Pizza and beer will be available for purchase.

NW COFFEE BEER INVITATIONAL
FRI – Taste spotlight brews and freshly made brew with locally roasted coffee infusion. Bring an appetite for paired bites created to compliment the brews.

SALSA LATIN FUSION PARTY
SAT – Head to the EastBurn Public House for a Latin dance party. Don’t miss live music, salsa dancing and DJ Blas!

THRIFT STORE CRAWL
SAT – Join the Goodwill Hunting Thrift Crawl! Join a team and hunt for thrilling finds in eight participating thrift stores. Enjoy a potluck brunch tailgate party, costume exchange, and awards dinner.

ART FESTIVAL
SAT – This festival of new works covers artists from all over the city with art in theater, music, film, comedy, dance, and visual art.

WINTER SOUP FESTIVAL
THROUGH SAT – Taste from a variety of soups from Latin America. Discover new flavors and warm up with a hot bowl of soup, hosted by Portland Mercado.

CHEESE MAKING WORKSHOP
SAT – Head to OMSI and learn the art of science in making fresh mozzarella cheese. You’ll get to learn in a class-like setting and sample a variety of cheeses you’ll then learn to make yourself.

MURDER MYSTERY DINNER
THROUGH FEB 23 – This comedy murder mystery dinner show brings out your inner detective skills as you enjoy a meal and interact to solve the whodunnit.

COSMIC SNOW TUBING
THROUGH MAR 22 – Head to the best party on the mountain with over half a million LED lights, laser light shows and colored lights with a DJ as you enjoy tubing down the mountain. Check online for dates FRI-SAT through March 22nd at Mt. Hood Skibowl.

JANE AUSTEN PLAY
THROUGH FEB 10 – Portland Center Stage presents Sense & Sensibility, a romantic comedy based on Jane Austen’s novel about the charming Dashwood sisters.

 

VANCOUVER METRO EVENTS

JAZZ FESTIVAL
SAT – Listen to middle and high school jazz ensembles compete at the Clark College Jazz Festival and hear three semi-finalists.

CITRUS FEST
SAT-SUN – Head to New Season’s Market to enjoy Citrus Fest, with over 20 varieties of citrus from tart to sweet!

MORNING MOVIES FOR TEENS
SAT – The Vancouver Community Library hosts Saturday morning movies! Teens can enjoy animation, superheroes, action, or adventure starting at 10:30 am.

MOVIES OPENING THIS WEEKEND

  • The Kid Who Would Be King
  • Serenity
  • In Like Flynn
  • The Invisibles
  • Never Look Away
  • Antiquities
  • Destroyer
  • Heartlock
  • The Final Wish
  • Super 30
  • King of Thieves
  • BTS World Tour
  • 80th Anniversary The Wizard of Oz
  • The Image Book
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


Mortgage Applications Increase Exponentially as Interest Rates Decline

 

Mortgage Applications Increase Exponentially as Interest Rates Decline

Lower interest rates to start the new year results in improved builder confidence for newly-built single-family homes and according to the Mortgage Bankers Association, This Week in Real Estate the Market Composite Index reached its highest level in 8 years to end the first full business week. Below are a few highlights from the third week of January that influence our business:

Purchase Mortgage Applications Reach 8 Year High
January 11 ended the first full business week in a while and mortgage activity responded accordingly. The Mortgage Bankers Association (MBA) reported a strong rebound. Purchase mortgage applications moved higher for the sixth time in the last eight weeks, resuming the upward trajectory that was interrupted by the Christmas holidays. That index was up 9 percent on a seasonally adjusted basis to its highest level since April 2010. The unadjusted Purchase Index rose 43 percent compared with the previous week and was 11 percent higher than the same week one year ago. In commenting on the improved activity, Mike Fratantoni, MBA Senior Vice President and Chief Economist said, “Uncertainty regarding the government shutdown, slowing global growth, Brexit, a more patient Fed, and a volatile stock market continued to keep rates from increasing. The spring home buying season is almost upon us, and if rates stay lower, inventory continues to grow, and the job market maintains its strength, we do expect to see a solid spring market.”

Lower Interest Rates Stabilize Builder Confidence
Buoyed by falling mortgage rates, builder confidence in the market for newly-built single-family homes rose two points to 58 in January on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The gradual decline in mortgage rates in recent weeks helped to sustain builder sentiment. Low unemployment, solid job growth and favorable demographics should support housing demand in the coming months. Lower interest rates that peaked around 5 percent in mid-November and have since fallen to just below 4.5 percent will help the housing market continue to grow at a modest clip as we enter the new year. All the Housing Market Indices posted gains in January. The index measuring current sales conditions rose two points to 63, the component gauging expectations in the next six months increased three points to 64, and the metric charting buyer traffic edged up one point to 44.

U.S. Foreclosure Activity Drops to 13-Year Low in 2018
ATTOM Data Solutions on Thursday released its Year-End 2018 U.S. Foreclosure Market Report, which shows foreclosure filings – default notices, scheduled auctions and bank repossessions – were reported on 624,753 U.S. properties in 2018, down 8 percent from 2017 and down 78 percent from a peak of nearly 2.9 million in 2010 to the lowest level since 2005. Those 624,753 properties with foreclosure filings in 2018 represented 0.47 percent of all U.S. housing units, down from 0.51 percent in 2017 and down from a peak of 2.23 percent in 2010 to the lowest level since 2005. The report also includes new data for December 2018, when there were 52,069 U.S. properties with foreclosure filings, down 2 percent from the previous month and down 19 percent from a year ago – the 6th consecutive month with a year-over-year decrease in foreclosure activity. Lenders started the foreclosure process on 369,170 U.S. properties in 2018, down 6 percent from 2017 and down 83 percent from a peak of 2,139,005 in 2009 to a new all-time low going back as far as foreclosure start data is available – 2006. States that saw the biggest decline in foreclosure starts from last year included Rhode Island (down 39 percent); Hawaii (down 26 percent); North Carolina (down 24 percent); Washington (down 24 percent); and Connecticut (down 23 percent). Those metropolitan statistical areas that all saw a large decline in foreclosure starts from last year included Salinas, California (down 49 percent; San Luis Obispo (down 44 percent); Tyler, Texas (down 42 percent); Durham, North Carolina (down 40 percent); and Portland, Oregon (down 32 percent).

If you’re interested in taking advantage of low interest rates, learning how much you could borrow, or are thinking about refinancing, contact a trusted HomeServices Loan Officer in Oregon or Washington today.


Portland Metro Weekend Planner: January 18-20, 2019

 

PORTLAND METRO WEEKEND PLANNER
JANUARY 18-20, 2019

FISHING WORKSHOP
SAT – The Angler’s guide to fly fishing the Clackamas River will teach you the history of nearby fisheries, local knowledge like hot spots and get a fishing lesson!

DOG SHOW
THROUGH SUN – The Rose City Classic hosts the all-breed dog shows, obedience rally, and agility. Be a spectator and discover new and original breeds of your favorite four-legged friends.

FILM & MUSIC FESTIVAL
THROUGH FEB 16 – The Reel Music Festival displays classic and new films with a live music theme at the Portland Art Museum. Enjoy musical genres like jazz, blues, folk, rock, electronic, world, classical and everything in between.

5K FUN RUN
SAT – The Oregon Brewery Running Series hosts a 5K fun run for adults! Start and end at some of Oregon’s best breweries as you run along park trails with live entertainment.

THE CRAFTY CORK
SAT – Enjoy happy hour prices at Zoiglhaus Brewery while crafting home décor!

PORTLAND TRAIL BLAZERS
FRI – Head to the Moda Center and watch the Portland Trail Blazers take on the New Orleans Pelicans.

DISCOVER KING TUT
THROUGH JAN 27 – Take on a once in a lifetime experience viewing the treasures and tomb of famous King Tut at OMSI.

$5 AFTER 5
FRI – Head to the Portland Art Museum for $5 admittance after 5pm. Pizza and beer will be available for purchase.

SCHOOL OF ROCK
FRI – The Portland Performance Program pays a tribute to the History of Portland in a benefit for the Portland rock with us music scholarship program.

YOGA & BEER
SAT – Head to Double Mountain Brewing for a rejuvenating yoga class led by beer founder Mikki Trowbridge, accompanied with a cold beer in the brewery afterward.

CHEF PAIRINGS
SAT – Resident Chef at Alloro Vineyards creates a “bite” menu with wine pairings in a single bite. This special event is no added cost to the purchase of a tasting flight.

WINTERHAWKS HOCKEY
SAT – Head to the Veterans Memorial Coliseum to watch the Portland Winterhawks take on the Everett Silvertips.

MURDER MYSTERY DINNER
THROUGH FEB 23 – This comedy murder mystery dinner show brings out your inner detective skills as you enjoy a meal and interact to solve the whodunnit.

COSMIC SNOW TUBING
FRI-SAT – Head to the best party on the mountain with over half a million LED lights, laser light shows and colored lights with a DJ as you enjoy tubing down the mountain. Check online for dates through March 22nd at Mt. Hood Skibowl.

JAZZ & BROADWAY AT THE SCHNITZ
SUN Broadway singer Leslie Odom Jr. sings at renditions of jazz and Broadway hits with his perfect pitch and vocals.

JANE AUSTEN PLAY
THROUGH FEB 10 – Portland Center Stage presents Sense & Sensibility, a romantic comedy based on Jane Austen’s novel about the charming Dashwood sisters.

VANCOUVER METRO EVENTS

SEUSSICAL THE MUSICAL
THROUGH SAT – Watch this production of a charming, action-packed musical based on the creations of Dr. Seuss.

ANTIQUE & COLLECTIBLE SHOW
SAT-SUN – Browse vendors from over 250 booths with thousands of vintage items for the decorator, collector, or treasure hunter within at the Clark County Event Center.

WINTER WONDERLAND TEA PARTY
SUN – Purchase tickets online for a tea party with tea sandwiches, scones, and sweet treats at The Grant House.

9TH ANNUAL MLK JR. BREAKFAST
SAT – Listen to Keynote speaker Oregon Senator Lew Frederick and closing speaker Keyonda McQuarters, as well as a live performance by vocalist Alonzo Chadwick at Warehouse 23 on the Vancouver Waterfront.

MOVIES OPENING THIS WEEKEND

  • Glass
  • An Acceptable Loss
  • Adult Life Skills
  • Wonders Of The Sea
  • Canal Street
  • Cheat India
  • Egg
  • I Hate Kids
  • Kaka Ji
  • The Brawler
  • The Standoff At Sparrow Creek
  • Laddie: The Man Behind The Movies
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


Top 10 Kitchen Trends of 2019

Top 10 Kitchen Trends of 2019

 

1. Colorful cabinetry

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Julie Soefer Photography
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The latest trend is a colorful touch to the kitchen mixed with natural wood elements. The color of the year is a rich emerald green that contains a subtle hint of indigo blue.

 

2. Open shelving 

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Minimalism is catching on in the kitchen, homeowners are decluttering cabinets and embracing simplistic open shelving. Try to accent shelving with features like brass supports to match your faucets or hardware.

 

3. Backsplash to the ceiling 

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Backsplash tile expanding to the ceiling is becoming increasingly popular as homeowners incorporate open shelving, it’s a great way to accent the wall behind the displayed items on the shelf.

 

4. Natural drawer pulls

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Wood and leather drawer pulls play on natural elements. Leather drawer pulls add texture and warmth to the kitchen, a balance with metal and stone elements.

 

5. Gunmetal, pewter and matte black faucets

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Faucets are quite diverse this year, depending on the appliances and finishes in your kitchen, you could dip into any number of new trends such as pewter, gunmetal, or matte black.

 

6. Digital tech

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Take advantage of the advances a new year brings with technology. For a small investment, you can sample your favorite wines from the comfort of your own dream kitchen with a single pour preservation system.

 

7. Vanishing sinks

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Invisible sinks that flow just beneath the countertop are transitioning into kitchens. These sinks vanish within the plane of the countertop with the faucet being the only visible item.

 

8. Pendant light fixtures

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Pendant lights hanging over an island are the new norm in an updated kitchen. Many designers elect to use large fixtures or repurposed industrial sized fixtures to illuminate with drama.

 

9. Integrated appliances

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Stunning kitchen and dining room in new luxury home. Wood beams and elegant pendant lights accent this beautiful open-plan dining room and kitchen
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Integrate your appliances by hiding them within cabinets for a streamlined, smooth, cohesive kitchen. You can hide bulky refrigerators, vent hoods and more!

 

10. Creative storage options

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If you’re taking the time to integrate and hide your appliances, creative storage options are the next step to declutter and add a touch of minimalism.

 

 

Design inspiration courtesy of HGTV.com, elledecor.com, and Houzz.com.


The Rise In American Homeownership Tenure

 

The Rise In American Homeownership Tenure

Homeowners are remaining in their homes longer than ever before according to a report from First American This Week in Real Estate and mortgage applications to purchase a home jumped 17% to start the new year. Below are a few highlights from the second week of January that influence our business:

Plunge in Rates Sparks 23.5% Spike in Mortgage After Unusually Weak Holidays
The combination of lower mortgage rates and an unusually slow end to 2018 caused mortgage applications to surge to start this year. Overall volume jumped 23.5 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. A sharp drop in interest rates to the lowest level since April sparked a mini-boom in refinancing. Those applications surged 35 percent week-to-week to their highest level since July. Volume was still lower by nearly 22 percent than a year ago, when the average rate on the 30-year fixed mortgage was 51 basis points lower. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($484,350 or less) decreased to 4.74 percent, from 4.84 percent, with points increasing to 0.47 from 0.42 (including the origination fee) for loans with a 20 percent down payment. The rate is 22 basis points lower than four weeks ago. Mortgage applications to purchase a home also jumped 17 percent last week but were just 4 percent higher than a year ago.

Home Price Growth Slows in Most States
Home prices have appreciated consistently since the housing market began its recovery, but now they appear to be slowing down after a six-year run. The latest data from Black Knight reveals that home price growth has slowed in 33 states and in 71 of the nation’s 100 largest markets. Annual gains decelerated by 1.3% from February to October, according to Black Knight’s latest Mortgage Monitor report. October saw growth flatten to just 5.4%, down from February’s four-year high of 6.7%. The report notes that home price appreciation from July through October was the most tepid four-month stretch in nearly four years. And, while the slowdown is apparent across much of the nation, the west saw the most deceleration, with California the standout as price growth fell below the national average for the first time since early 2012.

American Homeownership Tenure is Climbing
Americans are remaining in their homes longer than ever before, consequently tightening the lid on housing supply. First American data indicates that homeownership tenure has risen 10% just from 2017 and has significantly climbed since the market crashed in 2008. “Tenure jumped to seven years during the aftermath of the crash between 2008 and 2016, and the most recent data from December 2018 shows that the median length of time someone lives in their home has increased 10% compared with a year ago,” First American Chief Economist Mark Fleming said.


Portland Metro Weekend Planner: January 11-13, 2019

 

PORTLAND METRO WEEKEND PLANNER
JANUARY 11-13, 2019

BOAT SHOW
THROUGH SUN – View sport boats, fishing boats, sailboats and more at the Portland Boat Show.

C.S. LEWIS PLAY
THROUGH SUN – This play covers the life journey of famous writer C.S. Lewis as it covers his friendships and the choices he made.

JAPANESE ANIMATION FESTIVAL
THROUGH SUN – View 18 films at OMSI featuring popular Japanese animation.

LAKEWOOD THEATRE
THROUGH FEB 10 – Lakewood Center for the Arts presents Dial M for Murder, a play based on Alfred Hitchcock’s film adaptation.

PORTLAND BRIDAL SHOW
SAT-SUN – See the pages of your favorite bridal magazine come to life at this show! Talk to local vendors, see the latest fashions and trends of 2019!

DISCOVER KING TUT
THROUGH JAN 27 – Take on a once in a lifetime experience viewing the treasures and tomb of famous King Tut at OMSI.

$5 AFTER 5
FRI – Head to the Portland Art Museum for $5 admittance after 5pm. Pizza and beer will be available for purchase.

COMEDY SHOWCASE
SAT – Enjoy an evening showcasing stand-up comedy with dancing and more at Club Sanctuary.

REPTILE SHOW
SAT – Head to the Northwest Reptile Expo for educational tables, view vendors, see frogs, snakes, geckos and more.

OREGON SYMPHONY
SAT – The Arlene Schnitzer Concert Hall hosts Rossini’s Tancredi Overture and Rimsky-Korsakov’s depiction of a Russian cathedral on Bright Holiday.

THE KING AND I
THROUGH SUN – Set in 1860, this musical explains the story of a King and a schoolteacher in an imperialistic world. Get your tickets today!

WEEKEND TEA
SAT-SUN – Enjoy a fun and formal tea service with a pot of tea and a wide selection of 14 sweet and savory sweets like French macarons, mini eclairs, quail eggs, and more. A vegetarian menu is available.

JANE AUSTEN PLAY
SAT-FEB 10 – The Portland Center Stage Theatre presents Sense & Sensibility, a romantic comedy based on Jane Austen’s novel about the charming Dashwood sisters.

VANCOUVER METRO EVENTS

SEUSSICAL THE MUSICAL
THROUGH JAN 19 – Watch this production of a charming, action-packed musical based on the creations of Dr. Seuss.

COLUMBIA RIVER CRITTERS
SAT –  Head to the Water Resources Education Center and meet with experts, to learn about mammals that call the Columbia home. Engage in interactive activities, fun for the whole family.

WINE & PAINT
SAT – Discover the artist within and choose from materials provided to paint a winter theme. Enjoy snacks and beverages throughout the night.

MOVIES OPENING THIS WEEKEND

  • Replicas
  • The Upside
  • A Dog’s Way Home
  • Pledge
  • Sgt. Will Gardner
  • Ashes In The Snow
  • Buffalo Boys
  • The Aspern Papers
  • On The Basis Of Sex
  • Perfectos Desconocidos
  • The Untold Story
Click here for movie times and theaters.

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

www.events12.com/portland

www.bhhsnw.com


Mortgage Rates Plummet

 

 

Mortgage Rates Plummet

The market value of U.S. housing increased $1.9 trillion last year according to a report released by Zillow This Week in Real Estate resulting in a total value of $33.3 trillion. Below are a few highlights from the first week of January that influence our business:

U.S. Housing Market Value Climbs to $33.3 Trillion in 2018

In 2018, the total value of the U.S. housing market increased $1.9 trillion, propelling its value to a whopping $33.3 trillion, according to new data from Zillow. This 6.2% increase is up $10.9 billion from 2012, when the housing market crashed. Zillow Senior Economist Aaron Terrazas said seen from the rearview mirror, 2018 was a year of unusually strong, stable home value growth across the country. “During the second half of the year, appreciation slowed sharply in the priciest corners of the country while it picked up in affordable hotspots,” Terrazas said. “Housing wealth may have touched new highs this year, but home value gains don’t translate into dollars in the bank account unless homeowners opt to sell or borrow against their home and, in contrast to previous housing booms, many Americans have been more reluctant in recent years to spend against their home’s worth,” Terrazas said.

Mortgage Rates Lowest in Nearly a Year

Mortgage rates have been plummeting, depending on your definition of the word. To be sure, the past 2 months have no competition in nearly 3 years. The past few days have been special in their own right. Whereas there was cause for concern about the new year bringing a bounce for stock prices and mortgage rates, stocks haven’t done much of anything in the context of their late-2018 volatility, and mortgage rates have dropped another eighth of a percentage point (or more, depending on the lender). There are now lenders quoting 30 year fixed rates as low as 4.375% on top tier scenarios with the average lender back to 4.5%. That’s quite a jump from the 5.125% average at the recent highs (just 2 months ago).

Job Growth Surged in December

At the end of 2018, job growth surged. Total employment increased by 312,000 in December and the unemployment rate rose to 3.9%; however, this increase was good news because it was generated by growth in the labor force. Residential construction employment increased by 1,700 in December. The total construction industry (residential and nonresidential) added 280,000 jobs in 2018, more than the gain of 250,000 jobs in 2017. According to the Employment Situation for December released by the Bureau of Labor Statistics (BLS), total non-farm payroll employment rose by 312,000, faster than the upwardly revised increase of 176,000 jobs in November. It was the biggest monthly gain since February 2018. In 2018, job gains have averaged 220,000 per month, about 20% higher than the average monthly growth of 182,000 over all of 2017. Over the past twelve months, total non-farm payroll employment rose by 2.6 million, compared with the increase of 2.2 million in 2017. Residential construction employment now stands at 2.85 million in December, broken down as 816,000 builders and 2.0 million residential specialty trade contractors. The 6-month moving average of job gains for residential construction is 6,567 a month. Over the last 12 months, home builders and remodelers added 99,800 jobs on a net basis. Since the low point following the Great Recession, residential construction has gained 871,400 positions.


PORTLAND METRO WEEKEND PLANNER JANUARY 4-6, 2019

PORTLAND METRO WEEKEND PLANNER
JANUARY 4-6, 2019

BIRD WATCHING

SAT – Join volunteers in counting and identifying birds in a 15-mile radius. Head to the Tryon Creek State Natural Area to discover these birds!

DISCOUNT MUSEUM DAY

SUN Oregon Museum of Science and Industry offers discount day the first Sunday of the Month. While you’re there, upgrade your ticket for a submarine tour or planetarium show.

COMEDY IMPROV

THROUGH SUN – Join ComedySportz for a fun, fast paced comedy show, fun for the whole family.

LAKEWOOD THEATRE

SUN-MON – Lakewood Center for the Arts presents Dial M for Murder, a play based on Alfred Hitchcock’s film adaptation.

DISCOVER KING TUT

THROUGH JAN 27 – Take on a once in a lifetime experience viewing the treasures and tomb of famous King Tut at OMSI.

$5 AFTER 5

FRI – Head to the Portland Art Museum for $5 admittance after 5pm. Pizza and beer will be available for purchase.

BRIDGE CITY BLUES BAND

FRI – Dance the night away with an energetic night of classic blues from local artists at Buffalo Gap.

PORTLAND TRAIL BLAZERS

FRI-SAT – Head to the Moda Center to watch the Portland Trail Blazers take on The Oklahoma City Thunder on Friday, and the Houston Rockets on Saturday!

OREGON SYMPHONY LIGHT CLASSICS

SAT – The Oregon Symphony performs classical music from Bernstein to Beethoven by local talents.

BREWVANA TOUR

SUN – Join in on this tasting experience in Portland with a visit to 4 breweries with quality and innovation of beer in the PNW.

FIRST CATURDAY

SAT – Put your purr-fect friend on a leash and bring them out to the Laurelhurst Park for outdoor cat napping and socializing.

VANCOUVER METRO EVENTS

CLARK COUNTY WEDDING EXPO

SAT – Head to the Clark County Wedding Expo for the largest wedding event in the NW! Browse the latest trends and talk with local vendors. This year the event is held at Ilani Casino Resort.

STAMP & RELAX

SAT – Enjoy a day of crafting with stamps as demonstrators display their talent, bring envelopes and adhesive to create your own works of art!

WILD THINGS: THE POWER OF NATURE IN OUR LIVES

THROUGH SEPT 2019 – The Museum of Vancouver and Nature Vancouver present the exhibition Wild Things: The Power of Nature in Our Lives. Dives into life stories of local plants and animals and how they relate to each other and how they connect people to nature in the city.

MOVIES OPENING THIS WEEKEND

  • American Hangman
  • Escape Room
  • Great Great Great
  • Mojin: The Worm Valley
  • State Like Sleep
  • Rust Creek
  • Long Day’s Journey into Night
  • Genesis 2.0
  • The Vanishing
  • Communion
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


Renters Paid More in 2018 Than Ever Before

RENTERS PAID MORE IN 2018 THAN EVER BEFORE

While home prices continue to appreciate, albeit at a slower pace, according to a report released by HotPads This Week in Real Estate U.S. renters paid a record $504.4 billion in rent in 2018. Below are a few highlights from the last week of the year that influence our business:

Pending Home Sales See 0.7% Drop in November
Pending home sales overall slipped in November, but saw minor increases in the Northeast and the West, according to the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator based on contract signings, decreased 0.7 percent to 101.4 in November, down from 102.1 in October. However, year-over-year contract signings dropped 7.7 percent, making this the eleventh straight month of annual decreases. The Pending Home Sales Index in the West increased 2.8 percent in November to 87.2 and fell 12.2 percent below a year ago.

Case-Shiller: Home Price Gains Slowing, Still up 5.5%
Home prices continued to ratchet down their advances in October. The Case-Shiller National Home Price Index which covers all nine U.S. census divisions, reported a 5.5 percent annual gain in October, unchanged from the year-over-year reading in September. That index had not been below 6.0 percent for a year until it dropped to 5.7 percent in August. Before seasonal adjustment the National Index managed a 0.1 percent gain for the month and 05 percent after adjustment. “Home prices in most parts of the U.S. rose in October from September and from a year earlier,” says David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “The combination of higher mortgage rates and higher home prices rising faster than incomes and wages means fewer people can afford to buy a house. Fixed rate 30-year mortgages are currently 4.75 percent, up from 4 percent one year earlier. Home prices are up 54 percent or 40 percent excluding inflation, since they bottomed in 2012.

Renters Paid More For Housing in 2018 Than They Ever Have Before
Thanks to higher rents throughout much of the year, U.S. renters paid out more in rent than they ever have before, with a total rent payout equal to the gross domestic product of Belgium. According to a new report from HotPads, U.S. renters paid a record $504.4 billion in rent in 2018, topping 2017’s total by $12.6 billion. There were approximately 43.2 million renter households in the U.S. this year, nearly 100,000 less than there were in 2017. The current median rent is $1,475, up 3% from a year ago. HotPads data showed that rents rose about 3% year-over-year throughout the year, continuing a gradual slowdown in rent appreciation that began in mid-2016. And with rents forecasted to continue growing in 2019, driven by higher mortgage interest rates likely keeping some renters from becoming buyers, that total will likely increase next year.


PORTLAND METRO WEEKEND PLANNER DEC 28, 2018 – JAN 01, 2019

 

PORTLAND METRO WEEKEND PLANNER
DEC 28, 2018 – JAN 01, 2019

WHALE WATCHING WEEK

THROUGH MON – Volunteers among the beach will help you spot whales at over 24 spots along the Coast as nearly 20,000 Gray Whales migrate to the warm waters of Mexico.

TRUMAN CAPOTE’S CHRISTMAS MEMORY

THROUGH SUN – This play and concert reflects famous writer Truman Capote’s upbringing in Alabama paired with musical talents that celebrate winter.

LIGHTS AT THE GROTTO

THROUGH SUN – Head to the Christmas Festival of Lights to saunter through light displays while listening to carolers, choirs, watching puppet shows and interacting with a puppet show.

IT’S A WONDERFUL LIFE

THROUGH SUN – Watch as this recreated story comes to life in the form of a radio play!

NEW YEAR’S CONCERT CELEBRATION

SUN-MON – The Big Band and Beethoven: New Year’s Celebration showcases the Oregon Symphony and the Oregon Repertory Singers performing a twist on Tchaikovsky’s Nutcracker at the Arlene Schnitzer Concert Hall.

A MCMENAMINS NYE PARTY

MONMcMenamins is hosting a night to remember at various locations, enjoy live music and delicious food.

NYE GOVERNOR’S BALL

MON – Enjoy a three-course dinner, drinks, champagne toast and live music at The Sentinel Hotel.

NYE BOLLYWOOD MASQUERADE

MON – This live DJ hosts a dance party with music from India, performers, a dance lesson and more at Hawthorne Theater.

NEW YEAR’S EVE COMEDY

MON – This extravaganza hosts sketch, stand up, improv and aerial art, paired with hors d’oeuvres, desserts and a celebratory champagne toast.

CHRISTMAS NEIGHBORHOOD

THROUGH MON – Bundle up and drive or walk through the Lights on Peacock Lane open to see homes covered in lights and boasting the holiday spirit.

CHRISTMAS AT THE PITTOCK MANSION

THROUGH MON – Stroll through the Pittock Mansion with decorated rooms from professional designers and a rich touch of history woven into the home built in 1909.

CHRISTMAS LIGHT TRAIL

THROUGH MON – Walk down a lighted path of festive trees through the Maddax Woods to the Willamette waterline in a tradition 15 years in the making.

CHRISTMAS FANTASY TRAIL

THROUGH MON – Enjoy a lighted Christmas Fantasy trail and a bonfire at Wenzel Family Farm.

DISCOVER KING TUT

THROUGH JAN 27 – Take on a once in a lifetime experience viewing the treasures and tomb of famous King Tut at OMSI.

 

VANCOUVER METRO EVENTS

A NIGHT IN BLACK & WHITE

MON – Head to Warehouse 23 for musical guests on the beautiful Vancouver Waterfront.

THE 12 BEERS OF CHRISTMAS

THROUGH JAN 4Northwood Public Brewing House showcases limited casks every day for 12 straight days.

THE JAZZY REVUE

FRIWashington’s Dance Creative invites you to a night of Jazz in its first concert inspired by iconic Jazz music.

MATT BROWN PERFORMANCE

SAT – Musician Matt Brown performs at the Confluence Vineyards and Winery in Ridgefield!

NEW YEAR’S EVE AT SKAMANIA LODGE

MON – Celebrate New Year’s and the 25th Anniversary of the Lodge! Doors open with a concert by the Design band, snacks and libations will be provided with a midnight champagne toast.

WILD THINGS: THE POWER OF NATURE IN OUR LIVES

THROUGH SEPT 2019 – The Museum of Vancouver and Nature Vancouver present the exhibition Wild Things: The Power of Nature in Our Lives. Dives into life stories of local plants and animals and how they relate to each other and how they connect people to nature in the city.

 

MOVIES OPENING THIS WEEKEND

  • If Beale Street Could Talk
  • Vice
  • The Shop Around The Corner
  • Take Point
  • Fantastica
  • Kill Mobile
  • Simmba
  • Stan & Ollie
  • The House That Jack Built
  • It Happened

Click here for movie times and theaters.

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.