Portland Metro Weekend Event Planner: September 15-17, 2017

PORTLAND METRO WEEKEND EVENTS PLANNER
FOR SEPTEMBER 15-17, 2017

FALL ROSE SHOW

SAT Visit the Lloyd Center Mall for one of the largest and longest-running rose shows.  

FEAST PORTLAND

THURS-SUN – Featuring trendsetting chefs from all over the country and the world, intimate hands-on classes, and collaborative dinners and panels. Feast offers some of the most compelling experiences and original programming in the modern food festival conversation.

BEAVERTON INTERNATIONAL CELEBRATION

FRI through September 24 – A free, fun, family-friendly event showcasing our many cultures through music, dance, interactive activities, food, art and more!

CRUISE TO HISTORIC DOWNTOWN OREGON CITY  

SAT – View hundreds of classic cars, trucks, motorcycles and hot rods. Free event with music, raffle prizes and much more.  

POLISH FESTIVAL

SAT-SUN – Enjoy non-stop stage performances, including a few dance groups and music bands, polka contest, street dance, delicious Polish food and imported Polish beer.

WCR SAFARI SOIREE

SAT Dinner, dancing, amazing auction items & your chance to help abused and neglected wildcats get the love and care they deserve!

MOUNT ANGEL OKTOBERFEST

THURS-SUN  Fun for the whole family! Celebrate the harvest German style with live music, singing, dancing, arts, crafts and a weekend car show.

TONY STARLIGHT SHOWROOM

Through September 30 – 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.

CABARET
Through October 15 – 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.
ART IN REAL TIME
Through September 17 – View contemporary art projects that bring artists and audiences together, creating a vibrant community through live performances, music, screenings, workshops, talks, and visual art installations. 
 
I DO! I DO!
Through September 24 – An intimate musical follows one couple through fifty years of love, quarrels and marriage. The touching story of two soul mates navigating the perils of life is set to a tuneful, charming score.

THURSDAY EARLY ESCAPE CONCERT SERIES
Thursdays through September 28 – A two-hour cruise featuring a different local, live band every Thursday afternoon. Enjoy a relaxing cruise down the Willamette River to help unwind after your week. A bistro plate and a full service bar are available for additional purchase on board.

80’S VIDEO DANCE ATTACK
SAT – 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

STEAM SEPTEMBER WEEKEND

SAT-SUN – 13-mile round trip traveling through the beautiful logging and farming country of North Clark County, stopping at Moulton Station to visit Yacolt Falls.

HEISEN HOUSE: SUMMER CONCERT SERIES
Through September 29 – Enjoy summer concerts among the vines every Friday night at Heisen House Vineyards.

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

· American Assassin
· Brad’s Status
· Mother!
· In Search of Fellini
· The Force
· Justice
· The Wilde Wedding
· The Heart of Man
· Vengeance: A Love Story
· Because of Garcia
· Red Trees

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: September 11, 2017

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The National Association of Home Builders (NAHB) released their 2016 Survey of Construction results This Week in Real Estate, concluding that all nine divisions of the country are off their recession-era lows, but no division has recovered. Below are a few highlights from the first week of September that influence our business:

* New Single-Family Housing Starts By Divisions in 2016 – Long Road Back to Normal. NAHB analysis of the Survey of Construction (SOC) shows that, nationally, there were 779,082 new single-family units started in 2016, 10% higher than 2015. According to NAHB analysis of the SOC data, national new single-family housing starts reached 58% of the pre-recession normal (the average of housing starts between 2000 and 2003) in 2016. Relative to the average annual number of housing starts between 2000 and 2003, the nine divisions ranged between 43% and 86% of that level in 2016. The West South Central Division, at 86%, is closest to recovering and the West North Central Division is furthest away, at 43%. All nine divisions are off their recession-era lows relative to the average activity between 2000 and 2003, but no division has recovered.

* Ellie Mae: Closing Times Jump Significantly From West to East Coast. The average time to close varies significantly from the East to West Coast, according to the Ellie Mae Millennial Tracker. The average time for Millennials, those born from the 1980s to the mid-1950s, to close a loan sits at 60 days in New York, up significantly from the 37 days in California. Across the country, the average time to close was 44 days in July. The average time to close conventional loans remained steady at 43 days as the average time to close an FHA loan increased one day to 44 days in July. The time it took Millennials to close a VA loan dropped from 46 days to 42 days, and the time it took to close an FHA loan saw the most change as it jumped from 45 days to 50 days in July. The average time Millennials took to close a purchase loan held steady at 42 days from June to July while the average time to close a refinance decreased two days to 46 days in that same period. The Millennial Tracker also showed FICO scores increased slightly to 724 in July, up from 723 in June but down one point from July last year. The average FICO score for purchases came in at 748 for conventional loans, 688 for FHA and 742 for a VA loan.


 
* More People Paying Mortgages on Time. Fewer borrowers are late making their house payments, according to a real-estate data firm, which credits strong employment numbers and tougher lending standards for the decline in delinquencies. Nationally, 3.2% of jumbo mortgages were 30 days or more past due in May, a 1.1 percentage-point decline from May 2016, California-based data firm CoreLogic found. The serious delinquency rate, defined as 90 days or more past due, was just 2.1%—the lowest rate in nearly a decade.

https://www.housingwire.com/articles/40988-charts-ten-x-we-are-definitely-not-in-a-housing-bubble?eid=322520585&bid=1837374

Have a productive week!

Jason


Portland Metro Weekend Event Planner: September 8-10, 2017

PORTLAND METRO WEEKEND EVENTS PLANNER
FOR SEPTEMBER 8-10, 2017
 
 
CARLTON CRUSH HARVEST FESTIVAL 
SAT – Enjoy terrific festival food from a variety of restaurants, sample a large selection of fine wines and craft beers from wineries and breweries throughout the area. Grape stomping competitions, lots of live music and Artist’s Market with many unique craft merchants.
CABARET
THURS-SUN through October 15 – 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.
COLOR RUN
SAT – The Color Run, also known as the Happiest 5k on the Planet, is a unique paint race that celebrates healthiness, happiness, and individuality. 
ART IN REAL TIME
THURS through September 17 – View contemporary art projects that bring artists and audiences together, creating a vibrant community through live performances, music, screenings, workshops, talks, and visual art installations. 
 
TIGARD STREET FAIR
SAT – This fun, safe community event includes over 160 vendor booths, all day music, a community stage, beer/wine garden, kids activities, face painting and more.
 
OREGON FALL HALF MARATHON
SAT Half Marathon, Quarter Marathon, and the 5k events are set in the heart of the Willamette Valley. 
 
SERBIAN FEST
SAT-SUN – A celebration of food, wine, dance and culture of the Serbian Orthodox people. Enjoy delicious Serbian food: BBQ, roast pig and lamb, desserts; live music, national dance, beer and wine, kid’s activities…and much more. 
 
CARE TO DANCE
SAT – Eat, drink, listen, watch, dance and enjoy! Fundraiser for Care Partners, one of Portland’s oldest and most distinctive hospice and palliative care providers. 
 
I DO! I DO!
Through September 24 – An intimate musical follows one couple through fifty years of love, quarrels and marriage. The touching story of two soul mates navigating the perils of life is set to a tuneful, charming score.

THURSDAY EARLY ESCAPE CONCERT SERIES
Thursdays through September 28 – A two-hour cruise featuring a different local, live band every Thursday afternoon. Enjoy a relaxing cruise down the Willamette River to help unwind after your week. A bistro plate and a full service bar are available for additional purchase on board.

MOVIES IN THE PARK
Through September 8 – Evening after evening, summer nights in Portland parks offer families and friends the perfect backdrop to renew connections. 12 week schedule with 41 movies at 40 sites around the city.

80’S VIDEO DANCE ATTACK
SAT – 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

SHORTY’S HARVEST CELEBRATION
FRI – Enjoy a variety of handcrafted beer from Mill City Brew Werks. Food will be offered for purchase, including Black Dog Hot Dogs and Southern specialties.

HEISEN HOUSE: SUMMER CONCERT SERIES
Through September 29 – Enjoy summer concerts among the vines every Friday night at Heisen House Vineyards.

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

• It
• 9/11
• Home Again
• The Good Catholic
• Rebel in the Rye
• Fallen
• School Life
• Memoir of a Murderer
• Daddy
• Man in Red Bandana
• The Limehouse Golem

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: September 5, 2017

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The Pacific Northwest continues to realize the greatest year-over-year appreciation led by Seattle who has experienced the highest year-over-year gains for the last ten months and mortgage rates had a repeat performance This Week in Real Estate hitting their second-consecutive 2017 low. Below are a few highlights from the last week of August that influence our business:


* Case-Shiller National Home Price Index Rises Again to All-Time High. Home prices reached an all new high across the U.S. in June, according to the latest index released from S&P Dow Jones and CoreLogic. Nationally, home prices increased 5.8% from June 2016, up from May’s gain of 5.7%, to hit 192.6, an all new high. Seattle, Portland and Dallas reported the highest increases in June out of the nation’s top 20 cities with increases of 13.4%, 8.2% and 7.7% respectively. Seattle prices are rising 5.2 percentage points faster than Portland, the city with the next highest increase. Seattle has seen the highest year-over-year percentage gains for the last ten months.


* Freddie Mac: Mortgage Rates Hit Second-Consecutive 2017 Low. Mortgage rates hit an all-new 2017 low for the second-consecutive week, according to Freddie Mac’s weekly Primary Mortgage Market Survey. “The 10-year Treasury yield fell to a new 2017-low on Tuesday,” Freddie Mac Chief Economist Sean Becketti said. “In response, the 30-year mortgage rate dropped four basis points to 3.82%, reaching a new year-to-date low for the second consecutive week. However, recent releases of positive economic data could halt the downward trend of mortgage rates,” Becketti said.


 
Number of Equity Rich U.S. Properties Increases to 14 Million in Q2 2017 – 1 in 4 U.S. Properties With a MortgageATTOM Data Solutions’ Q2 2017 U.S. Home Equity & Underwater Report shows that at the end of the second quarter of 2017 there were more than 14 million (14,038,372) U.S. properties that were equity rich – where the combined loan amount secured by the property was 50 percent or less of the estimated market value of the property – up by nearly 320,000 properties from the previous quarter and up by more than 1.6 million properties from a year ago. The 14 million equity rich U.S. properties represented 24.6 percent of all U.S. properties with a mortgage, up from 24.3 percent in the previous quarter and up from 22.1 percent in Q2 2016. “An increasing number of U.S. homeowners are amassing impressive stockpiles of home equity wealth, enjoying the benefits of rapidly rising home prices while staying conservative when it comes to cashing out on their equity – homeowners are staying in their homes nearly twice as long before selling as they were prior to the Great Recession, and the volume of home equity lines of credit are running about one-third of the level they were at during the last housing boom,” said Daren Blomquist, senior vice president at ATTOM Data Solutions. States with the highest share of equity rich properties at the end of Q2 2017 were Hawaii (38.3%), California (36.6%), New York (34.2%), Vermont (33.5%) and Oregon (32.2%). Among 91 metropolitan statistical areas with a population of 500,000 or more, those with the highest share of equity rich properties were San Jose, CA (52%), San Francisco, CA (47%), Los Angeles, CA (40%), Honolulu, Hawaii (40%) and Portland, OR (35%).

Have a productive week!

Jason


Portland Metro Weekend Events Planner: September 1-4, 2017

PORTLAND METRO WEEKEND EVENTS PLANNER
FOR SEPTEMBER 1-4, 2017

ART IN THE PEARL
SAT-MON – Art in The Pearl features 100 booths of fine art as well as music, food, and hands-on art activities along NW 8th Ave in North Park Blocks. Free.

OREGON STATE FAIR
Through MON – See farm animals and craft displays, eat fair food, drink local beer and wine, take carnival rides, and be entertained. Salem.

BITE OF OREGON
SAT-MON – Enjoy outstanding food, beer, wine, live music and much more. Rose Quarter.

TOUR DE LAB
SUN – 19 or 40-mile multi pub bicycle tour through Portland city limits that ends with a costume contest, beer and hotdogs. Benefits Dove Lewis Emergency Animal Hospital.

OREGON FERMENTATION FESTIVAL
SAT – A family-friendly outdoor harvest festival of fermented foods and beverages. It’s the largest celebration of fermentation in the Pacific Northwest!

DAHLIA FESTIVAL
SAT-MON – View over 400 floral arrangements of dahlias, over 15,000 cut dahlia blooms on display, in our three indoor display rooms. This is the largest display put on by one grower anywhere in the United States!

OREGON WINE COUNTRY HALF MARATHON
SAT – Enjoy a 13-mile run with incredible sunrise views, scenic course, great wines, and a post-race Wine & Music Festival.

THURSDAY EARLY ESCAPE CONCERT SERIES
Thursdays Through September 28 – two-hour cruise featuring a different local, live band every Thursday afternoon.  Enjoy a relaxing cruise down the Willamette River to help unwind after your week. A bistro plate and a full service bar are available for additional purchase on board.

TOP DOWN ROOFTOP CINEMA
THURS – Music begins at 8PM and films begin around dusk, food and beverages available for purchase. Located atop the Hotel deLuxe’s parking structure at SW 15th and Yamhill.

THURSDAY EARLY ESCAPE CONCERT SERIES
Thursdays through September 28 – A two-hour cruise featuring a different local, live band every Thursday afternoon. Enjoy a relaxing cruise down the Willamette River to help unwind after your week. A bistro plate and a full service bar are available for additional purchase on board.

MOVIES IN THE PARK
Through September 8 – Evening after evening, summer nights in Portland parks offer families and friends the perfect backdrop to renew connections. 12 week schedule with 41 movies at 40 sites around the city.

80’S VIDEO DANCE ATTACK
SAT – 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

VINEYARD JAM 2017
SAT – music and comedy festival, happening at Heathen Estate in Vancouver, WA. The comedy headliner is Tommy Chong, with other performers including Lowrider Band, Roger Fisher, Barracuda, Geoffrey Castle, Ukelele Ray, Adrian Xavier, and Coloso.

VANCOUVER WINE & JAZZ FESTIVAL
FRI-SUN – Featuring internationally-acclaimed jazz artists, 200 wines, 50 fine artists from Oregon, Washington, Idaho and California; to local restaurants and commercial exhibitors.

SPIRIT TALES: WALKING TOURS AT THE VANCOUVER BARRACKS
Through SUN – Designed by local historian and author Jefferson Davis. Jeff served at the Vancouver Barracks for many years, and has first hand experience with both the spooky and ordinary history of the Vancouver Barracks. Whether you believe in ghosts or not, you will be interested in the stories of the Vancouver Barracks’ past inhabitants.

RUSTY GRAPE: MOVIES ON THE LAWN
FRI – Visit the Rusty Grape Vineyard Friday evenings for a family friendly movie night. Bring your chair or blanket and enjoy the beautiful summer night.

HEISEN HOUSE: SUMMER CONCERT SERIES
Through September 29 – Enjoy summer concerts among the vines every Friday night at Heisen House Vineyards.

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 Oct 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
• Marvel’s Inhumans
• Unlocked
• Mike Boy
• The Vault
• Valley of Bones
• Dalida
• A Boy Called Po
• The Layover
• Jackals

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: August 28, 2017

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As the summer selling season quickly approaches its end, we are setting the stage for the fall cycle with favorable news. With continued home price appreciation, consumer confidence rises to the highest level since the beginning of the year and the 30-year mortgage rate reaches a new 2017 low. Below are a few highlights from the fourth week of August that influence our business:

* Consumer Confidence Rises to Highest Level Since January. Consumers became more confident during the first half of August than at any point since January, according to the Survey of Consumers conducted by the University of Michigan. The Index of Consumer Sentiment jumped 4.5% from last month’s 93.4 to 97.6 at the beginning of August. This is also up 8.7% from 89.8 in August 2016.
“Consumer confidence rose in the first half of August to its highest level since January due to a more positive outlook for the overall economy as well as more favorable personal financial prospects,” Survey of Consumers Chief Economist Richard Curtin said. “The two component indices moved in opposite directions, with the Current Conditions Index falling slightly from its decade peak, and the Expectations Index posting a more substantial rebound,” Curtin said. “As with the overall Sentiment Index, the component indices nearly regained the peak levels recorded earlier in 2017.”
Full Story… https://www.housingwire.com/articles/41042-consumer-confidence-rises-to-highest-level-since-january?eid=322520585&bid=1843653

* Home Prices Jump 6.2% in Second Quarter; Eclipse 2016 High. The national median existing single-family home price in the second quarter was $255,600, which is up 6.2 percent from the second quarter of 2016 ($240,700) and surpasses the third quarter of last year ($241,300) as the new peak quarterly median sales price. The median price during the first quarter increased 6.9 percent from the first quarter of 2016. Single-family home prices last quarter increased in 87 percent of measured markets, with 154 out of 178 metropolitan statistical areas(MSAs) showing sales price gains in the second quarter compared with the second quarter of 2016. Twenty-three areas (13 percent) recorded lower median prices from a year earlier. Total existing-home sales, including single family and condos, slipped 0.9 percent to a seasonally adjusted annual rate of 5.57 million in the second quarter from 5.62 million in the first quarter, but are still 1.6 percent higher than the 5.48 million pace during the second quarter of 2016. In the West, existing-home sales decreased 3.7 percent in the second quarter but are 3.1 percent above a year ago. The median existing single-family home price in the West increased 7.5 percent to $372,400 in the second quarter from the second quarter of 2016.
Full Story… https://www.nar.realtor/news-releases/2017/08/home-prices-jump-62-percent-in-second-quarter-eclipse-2016-high

* 30-Year Mortgage Rate Hits 2017 Low. Mortgage rates decreased for the fourth consecutive week and the 30-year mortgage hit a new low for 2017, according to Freddie Mac’s Primary Mortgage Market Survey. “The 30-year mortgage rate also declined for the fourth consecutive week, dropping three basis points to a new year-to- date low of 3.86%,” Freddie Mac Chief Economist Sean Becketti said. The 30-year fixed-rate mortgage dropped to 3.86% for the week ending August 24, 2017. This is down from last week’s 3.89% but up from 3.43% last year. The 15-year FRM held steady at 3.16%, an increase from last year’s 2.74%. The five-year Treasury-indexed hybrid adjustable-rate mortgage increased slightly, hitting 3.17%. This is up from 3.16% last week but down from 2.75% last year. “The 10-year Treasury yield fell six basis points this week amid concerns over lagging inflation,” Becketti said.
Full Story… http://www.freddiemac.com/pmms/

https://www.housingwire.com/articles/40988-charts-ten-x-we-are-definitely-not-in-a-housing-bubble?eid=322520585&bid=1837374

 

Have a productive week!

Jason


Portland Metro Weekend Events Planner: August 25-27, 2017

PORTLAND METRO WEEKEND EVENTS PLANNER
FOR AUGUST 25-27, 2017

 

OREGON STATE FAIR
FRI through September 4th – See farm animals and craft displays, eat fair food, drink local beer and wine, take carnival rides, and be entertained. Salem.

MUSICFEST NW
SAT-SUN – Visit Tom McCall waterfront park this weekend to see 18 different bands on two stages.

COLLECTOR CAR & CLASSIC BOAT SHOW
SAT-SUN – Showcasing collector cars spanning an array of makes, models, and decades.

FAERIEWORLDS
FRI-SUN – The largest mythic, fantasy and faerie-themed event in the US, enjoy three days of extraordinary live music and performance, amazing art and crafts, and fantasy fun for the whole family. Horning’s Hideout near North Plains.

DAHLIA FESTIVAL
FRI-MON – View over 400 floral arrangements of dahlias, over 15,000 cut dahlia blooms on display, in our three indoor display rooms. This is the largest display put on by one grower anywhere in the United States!

TONY STARLIGHT SHOWROOM
SAT – 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.

OREGON BLUEGRASS ASSOCIATION’S PICKER’S FEST
FRI-SUN – Bring your mandolin, guitar, fiddle, dobro, ukulele or whatever makes great bluegrass music, or just hang out and enjoy the Farm and being up at the mountain with music all over the place.

BOUNTY OF YAMHILL COUNTY
FRI-SUN – A three-day food & wine festival that partners chefs, vintners and farms throughout Oregon Wine Country to create one-of-a-kind culinary adventures.

TOP DOWN ROOFTOP CINEMA
Thursdays through August 31 – Music begins at 8PM and films begin around dusk, food and beverages available for purchase. Located atop the Hotel deLuxe’s parking structure at SW 15th and Yamhill.

THURSDAY EARLY ESCAPE CONCERT SERIES
Thursdays through September 28 – A two-hour cruise featuring a different local, live band every Thursday afternoon. Enjoy a relaxing cruise down the Willamette River to help unwind after your week. A bistro plate and a full service bar are available for additional purchase on board.

MOVIES IN THE PARK
Through September 8 – Evening after evening, summer nights in Portland parks offer families and friends the perfect backdrop to renew connections. 12 week schedule with 41 movies at 40 sites around the city.

80’S VIDEO DANCE ATTACK
SAT – 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

VANCOUVER WINE & JAZZ FESTIVAL
FRI-SUN – Featuring internationally-acclaimed jazz artists, 200 wines, 50 fine artists from Oregon, Washington, Idaho and California; to local restaurants and commercial exhibitors.

SPIRIT TALES: WALKING TOURS AT THE VANCOUVER BARRACKS
Through September 3 – Designed by local historian and author Jefferson Davis. Jeff served at the Vancouver Barracks for many years, and has first hand experience with both the spooky and ordinary history of the Vancouver Barracks. Whether you believe in ghosts or not, you will be interested in the stories of the Vancouver Barracks’ past inhabitants.

RUSTY GRAPE: MOVIES ON THE LAWN
Fridays Through September 1 – Visit the Rusty Grape Vineyard Friday evenings for a family friendly movie night. Bring your chair or blanket and enjoy the beautiful summer night.

HEISEN HOUSE: SUMMER CONCERT SERIES
Through September 29 – Enjoy summer concerts among the vines every Friday night at Heisen House Vineyards.

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 Oct 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
Through August 31 – 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
· England is Mine
· Leap
· Arjun Reddy
· Polaroid
· All Saints
· Bushwick
· Deep
· Beach Rats
· Served Like a Girl
· Tulip Fever

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: August 21, 2017

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While default rates are at their lowest level in a decade, builder confidence in the single-family market has surged in August as reported This Week in Real Estate by the National Association of Home Builders. Below are a few highlights from the third week of August that influence our business:

* Builder Confidence Springs Back with Four Point August Jump. Builder confidence in the market for newly-built single-family homes rose four points in August to a level of 68 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Builder sentiment is being supporting by ongoing job and economic growth, attractive mortgage rates, and growing consumer confidence. The fact that builder confidence has returned to the healthy levels we saw this spring is consistent with the NAHB forecast for a gradual strengthening in the housing market. GDP growth improved in the second quarter, which helped sustain housing demand. However, builders continue to face supply-side challenges, such as lot and labor shortages and rising building material costs. All three HMI components posted gains in August. The component gauging current sales conditions rose four points to 74 while the index charting sales expectations in the next six months jumped five points to 78. Meanwhile, the component measuring buyer traffic increased a single point to 49. Looking at the three-month moving averages for regional HMI scores, the Northeast rose one point to 48. The West, South and Midwest all remained unchanged at 75, 67 and 66, respectively.
Full Story… http://eyeonhousing.org/2017/08/builder-confidence-springs-back-with-four-point-august-jump/

* S&P/Experian: Mortgage Default Rate at Lowest Level in a Decade. Despite a slight increase in July, the default rate for first mortgage loans still sits at its lowest point in the last 10 years, according to the latest S&P/Experian Consumer Credit Default Indices. In fact, the mortgage default rate for first and second mortgages aren’t too far off from their July 2016 level, as homebuyers get better at paying their mortgage on time. “Default rates for autos and first mortgage loans are at their lowest points in the last ten years, while bank card defaults remain modest,” says David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices.” “Consumers’ use of credit is growing and the level of consumer credit outstanding is at an all-time high. In the year ending June 2017, consumer credit outstanding rose 5.7%, outpacing most spending categories across the economy,” he said. “However, retail sales excluding autos as well as auto sales are down slightly since April, while home sales are little changed in recent months.
Full Story… https://www.housingwire.com/articles/41000-spexperian-mortgage-default-rate-at-lowest-level-in-a-decade?eid=322520585&bid=1839633

* We Are Definitely Not In A Housing Bubble. As home prices continue to rise across the U.S., the dreaded b-word is beginning to be heard in some overheated markets. However, many companies insist that despite the 8.3 million low-income residents who can’t afford their local rent, according to a new study from the U.S. Department of Housing and Urban Development, the housing market is still not in a bubble. The most recent Case Shiller results pointed out the housing market is growing more expensive, however it is not about to repeat the bubble years. The chart below from Bloomberg shows home prices already passed up the 2005 and 2006 levels. “We’re definitely not in a bubble. We have a handful of markets that are frothy and probably have hit an affordability wall of sorts but the fact of the matter is, while prices nominally have surpassed the 2006 peak, we’re not talking about 2006 dollars. We’ve had 9 years of inflation to factor into home prices today…and, in fact, if you really dug into the analysis what you would find is that home prices today have basically recovered to about where they were in 2004,” said Rick Sharga, Executive Vice President at Ten-X.
Full Story… https://www.housingwire.com/articles/40988-charts-ten-x-we-are-definitely-not-in-a-housing-bubble?eid=322520585&bid=1837374

 

Have a productive week!

Jason


Portland Metro Weekend Events Planner: August 18-20, 2017

PORTLAND METRO WEEKEND EVENTS PLANNER
FOR AUGUST 18-20, 2017

 

BRICK FEST LIVE
SAT-SUN – A must visit for any Lego fan! Filled with hands-on attractions and activities engineered to inspire, educate, and entertain.

OREGON BIGFOOT FESTIVAL
SAT – Walk beautiful Glenn Otto Park in Troutdale Oregon. Visit the unique food and merchandise vendors. Enjoy carnival-style games and cast your very own Bigfoot mold and more!

PORTLAND BEER & MUSIC FESTIVAL
SAT – Try samples of over 40 craft beers while enjoying live music and DJ’s on 2 stages.

MULTNOMAH VILLAGE VINE & DINE
SUN – Over 35 superb NW wine and food stars will provide an afternoon of wine tastings paired with sweet & savory bites.

DOLL & TEDDY BEAR SHOW
SAT – Enjoy a sales floor full of exhibitors that are the finest in the West with dolls, bears, miniatures, supplies, books and accessories from antique to modern. Also a great selection of dealers as well with wigs, clothes and supplies so be sure to bring your dolly that needs to be prettied up.

OUTER NORTHEAST PORTLAND SUNDAY PARKWAYS
SUN – Come check out our completely new route! This route that begins after Gateway green will bring you home or introduce you to life in the Outer NE. This 6.4 miles route will take you to Knott, Thompson, East Holladay and Hazelwood Hydro Parks. These new parks will be overflowing with music, food, and fun finds.

GARLIC & TOMATO FESTIVAL
SAT – An all-day event that features live bluegrass music, tomato and garlic tastings, fresh fruits and vegetables, craft and art vendors, activities for the kids and a whole lot of fun.

BANKS BBQ, TRUCK & TRACTOR PULL
FRI-SUN – Texas Hold’em poker tournament, car show, pancake breakfast, tractor/truck pull, combine destruction derby and much more.

RADIO CONTROLLED AIR SHOW
FRI-SUN – Join the hundreds of spectators and aviators for an exciting weekend of amateur to expert demonstrations of aircraft and watercraft.

FOREST GROVE UNCORKED
SAT – Featuring Oregon’s abundance of fine wineries, micro-brew beer, spirits, skillfully crafted food, fine arts, and local music talent.

TOP DOWN ROOFTOP CINEMA
Thursdays through August 31 – Music begins at 8PM and films begin around dusk, food and beverages available for purchase. Located atop the Hotel deLuxe’s parking structure at SW 15th and Yamhill.

THURSDAY EARLY ESCAPE CONCERT SERIES
Thursdays through September 28 – A two-hour cruise featuring a different local, live band every Thursday afternoon. Enjoy a relaxing cruise down the Willamette River to help unwind after your week. A bistro plate and a full service bar are available for additional purchase on board.

MOVIES IN THE PARK
Through September 8 – Evening after evening, summer nights in Portland parks offer families and friends the perfect backdrop to renew connections. 12 week schedule with 41 movies at 40 sites around the city.

80’S VIDEO DANCE ATTACK
Through August 26 – 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

COLUMBIA RIVER TRIATHLON & MULTI-SPORT FESTIVAL
FRI – Offering something for everyone from a Sprint & Olympic Distance Triathlon, Duathlon & AquaBike, Girlfriends All Womens Triathlon/Duathlon/AquaBike, 5k & 10k runs, Kids Triathlon and so much more! It is one of the most scenic areas with views of the Columbia River, Mt. Hood, Mt. St. Helens and Vancouver Lake.

SPIRIT TALES: WALKING TOURS AT THE VANCOUVER BARRACKS
Through September 3 – Designed by local historian and author Jefferson Davis. Jeff served at the Vancouver Barracks for many years, and has first hand experience with both the spooky and ordinary history of the Vancouver Barracks. Whether you believe in ghosts or not, you will be interested in the stories of the Vancouver Barracks’ past inhabitants.

RUSTY GRAPE: MOVIES ON THE LAWN
Fridays Through September 1 – Visit the Rusty Grape Vineyard Friday evenings for a family friendly movie night. Bring your chair or blanket and enjoy the beautiful summer night.

HEISEN HOUSE: SUMMER CONCERT SERIES
Through September 29 – Enjoy summer concerts among the vines every Friday night at Heisen House Vineyards.

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 Oct 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
Through August 31 – 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
· Shot Caller
· The Hitman’s Bodyguard
· Dave Made A Maze
· Logan Lucky
· The Ice Cream Truck
· 6 Days
· Marjorie Prime
· Union Furnace
· Crown Heights

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.


5 Tips for Real Estate Investing

 

If you’re just beginning to invest in real estate, it’s a good idea to familiarize yourself with the fundamentals before getting your advanced degree. Here are 5 basic tips to get started investing in real estate.

1) Location matters

You may want to invest in the worst house on the best street because it gives you an opportunity to build equity. Invest some money to fix it up and sell it to someone else who wants a ready-to-move-in house in a fabulous location.

2) Wholesale properties

Avoid paying “full price” for properties. Instead, look for so-called wholesale properties that are offered at a steep discount. Sure, they’ll probably need some work. Run the numbers and see if the investment in rehab is worth the ultimate selling price.
You can easily invest $20,000 in a property and add twice that much to the selling price.

3) Tax Benefits

Uncle Sam offers significant tax benefits to real estate investors, including the depreciation write-off. When you buy an investment property that includes a building, you get to write off the depreciation of that building as a tax deduction.

Keep in mind that the IRS views your real estate investment efforts as a business so you also get to claim the “necessary and ordinary“ deductions that business owners take, including mortgage interest, insurance, and maintenance expenses. Remember to consult your tax advisor about specifics.

4) Check your credit score

Banks aren’t going to loan money to you for a property that’s not your primary residence as readily as they’ll loan it to you for your own home. That’s why your credit has to be spectacular. If you have problems on your credit report that are mistakes, get those resolved as quickly as possible.

5) The 1% rule

The 1% rule simply states that an income property must produce 1% of the price you pay for it every month. For example, if you’re looking at buying a property for $150,000, the monthly rental income should be 150,000 x 1% = $1,500.

Article courtesy of HuffingtonPost.com