Portland Metro Weekend Planner March 15-17, 2019

 

PORTLAND METRO WEEKEND PLANNER
MARCH 15-17, 2019

SHAMROCK RUN
FRI-SUN – Celebrate St. Patrick’s Day at the Fitness Fair and the Shamrock Run at the Oregon Convention Center. The run has numerous races available for different abilities like a half marathon, 15k, 8k, 1k, and a 4-mile walk.

CIRQUE DU SOLEIL
FRI-SUN – Watch dancers, singers, musicians, and acrobats during Corteo. This majestic show takes circus acts to new heights.

HOT ROD SHOW
FRI-SUN – The Portland Roadster Show at the Expo Center hosts over 400 vehicles, automobiles, trucks, and motorcycles. See Optimus Prime from Transformers, attend the pedal car auction, and chat with regional an national auto vendors.

FILM FESTIVAL
THROUGH MAR 21 – The Portland International Film Festival showcases new world cinema with an exhibition of over 60+ short films and more than 100 feature films.

PORTLAND BAROQUE ORCHESTRA
SUN – Celebrate Irish heritage with Kevin Burke and friends. Listen to world renowned fiddler and Seattle-based piper Tom Creegan.

THE DIARY OF ANNE FRANK
THROUGH SAT – The Beaverton Civic Theatre showcases 71 reproduced personal photographs from Anne Frank. Many of these photos have rarely been shown, and few have been recently discovered. These photographs are paired with a reading of her literary work.

PORTLAND COLUMBIA SYMPHONY
THROUGH SUN – Mt. Hood Community College hosts musicians performing Beethoven’s Violin Concerto.

ROSE CITY ROLLERS
SAT – The Rose City Rollers: Break Neck Betties compete against the High Rollers at Oaks Park.

OREGON CHEESE FESTIVAL
SAT-SUN – Head to Rogue Creamery for a full weekend of master classes, artisan cheese tastings paired with beer, wine and cider. Enjoy a four-and-five course dinner on Saturday and Sunday with goodies and more!

KELLS IRISH FESTIVAL
FRI-SUNKells hosts a three-day Irish festival with live music, dancing, and a scavenger hunt under a massive tent.

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.

ALL CLASSICAL SYMPHONY
ONGOING – Don’t miss showcases of the season from All Classical Portland. Check the website for the latest schedule.

COMEDY IMPROV SHOW
THROUGH MAR 30 ComedySportz is a fun, fast-paced improv comedy show for the whole family, everything is improvised and no two rounds are the same.

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 rate objects and visuals to explain the history and old tales of Portland’s historic Chinatowns.

 

VANCOUVER METRO EVENTS

PADDY PARADE
FRI – This community event hosts the Paddy Hough Parade, a great family-fun event through Uptown Village.

LUCK OF THE IRISH
SUN – This virtual race has you racing towards the pot of gold as a fundraiser for the National Hemophilia Foundation. Win prizes for completing a 5k, 10k, or half marathon!

SPRING SWING DANCE
SAT – The Vanport Jazz band features 1940s style and vintage World War II uniforms to fundraise, sponsored by the volunteers of the Friends of Fort Vancouver.

CHILDREN’S FESTIVAL
SAT –  Head to Children’s Fest for tons of free family fun! Enjoy dance performances, games, prizes, face painting and balloon art.

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

MOVIES OPENING THIS WEEKEND

  • Captive State
  • Five Feet Apart
  • Wonder Park
  • The Aftermath
  • Chimera Strain
  • Faith, Hope & Love
  • The Hummingbird Project
  • The Mustang
  • Nancy Drew and the Hidden Staircase
  • Iceman
  • Yardie
  • Off Season
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


Housing Heats up with a $1.3 Trillion Dollar Increase in Equity

 

Housing Heats up with a $1.3 Trillion Dollar Increase in Equity

According to the most recent Financial Accounts of the United States, released This Week in Real Estate by the Board of Governors of the Federal Reserve System, the value of homeowner’s equity in real estate reached $15.4 trillion in the third quarter of 2018; that is up $1.3 trillion over the prior four quarters. Below are a few highlights from the first week of March that influence our business:

Housing Starts Heat Up In January, Climb Whopping 18.6%. Housing starts significantly heated up in January, according to the latest report from the U.S. Dept. of Housing and Urban Development and the U.S. Dept. of Commerce. Housing starts rose a whopping 18.6% to a seasonally adjusted annual rate of 1.23 million units, according to the report. “In January, the 18.6% monthly increase in housing starts reflects rising consumer sentiment and builder confidence,” First American Chief Economist Mark Fleming said. “Despite the headwinds, home builders are pushing through new construction projects.” Single-family production rose 25.1% from last month to 926,000 units while multifamily starts came in at a seasonally adjusted annual rate of 289,000 units. Overall permits increased 1.4% in January to a seasonally adjusted annual rate of 1.345 million. Lastly, housing completions in January were at a seasonally adjusted annual rate of 1.24 million, climbing 27.6% from December’s rate. Of these, single‐family housing completions were at a rate of 914,000 units and multifamily units came in at 327,000.

Increase in Housing Wealth. Homeowners’ equity in real estate improved as home prices continue to increase and mortgage debt expands slowly. The latest quarterly Financial Accounts of the United States, published by the Board of Governors of the Federal Reserve System, finds that the value of owners’ equity in real estate, the difference between the market value of owner-occupied real estate and home mortgage debt, rose by $1.3 trillion over the past four quarters and reached $15.4 trillion in the third quarter of 2018. On a nominal and not seasonally adjusted basis, the market value of owner-occupied real estate increased to $25.6 trillion totally in the third quarter of 2018, $298 billion more than the second quarter of 2018 and $1,526 billion more than the third quarter of 2017. Additionally, the improvement in home equity partially reflected slow growth in home mortgage debt. A decade ago, when the loan-to-value (LTV) ratio climbed to the highest level of 63%, the value of owners’ equity in real estate dropped to as low as $6.1 trillion in the first quarter of 2009. Between 2011 and 2018, the market value of households’ real estate rose by 59%, however, home mortgage debt increased by 3% over the same period. As a consequence, the LTV ratio decreased and the value of owners’ equity in real estate rose.

January Marks Seven Years of Annual Home Price Appreciation. National home prices increased 4.4 percent year over year in January 2019 and are forecast to increase 4.6 percent from January 2019 to January 2020, according to the latest CoreLogic Home Price Index (HPI) Report. The overall HPI has increased on a year-over-year basis every month for seven years (since February 2012) and has gained 57.3 percent since hitting bottom in March 2011. As of January 2019, the overall HPI was 5.6 percent higher than its pre-crisis peak in April 2006. Adjusted for inflation, U.S. home prices increased 3.7 percent year over year in January 2019 and were 13.1 percent below their peak.


Portland Metro Weekend Planner March 8-10, 2019

 

PORTLAND METRO WEEKEND PLANNER
MARCH 8-10, 2019

BRUNCH FESTIVAL
SUN – Indulge in your favorite meal of the day, brunch! Sample brunch food and drinks from local restaurants and food trucks to benefit the Jerome Kersey Foundation, serving under–privileged children.

ENCHANTED FOREST BALL
SAT – Wear your fairy-tale or folklore attire for the Enchanted Forest Ball with a light food buffet, drinks, live folk music, silent auction, and more!

RV SHOW
THROUGH SUN – The Portland Metro Dealers RV show hosts innovative recreational vehicles and vendors with the latest accessories at the Portland Expo Center.

FILM FESTIVAL
THROUGH MAR 21 – The Portland International Film Festival showcases new world cinema with an exhibition of over 60+ short films and more than 100 feature films.

WINE & CULINARY FESTIVAL
THROUGH SUN – Savor Cannon Beach Wine & Culinary festival offers a wide variety of wine and food pairings from local participating wineries.

COFFEE BEER & DOUGHNUT FEST
SAT – The 5th Annual Baker’s Dozen combines three of Portland’s most known eats: coffee, beer, and doughnuts. Try 13 coffee beers (or just coffee) paired with 13 doughnuts. This event is family friendly, all ages are welcome.

THE DIARY OF ANNE FRANK
THROUGH MAR 16 – The Beaverton Civic Theatre showcases 71 reproduced personal photographs from Anne Frank. Many of these photos have rarely been shown, and few have been recently discovered. These photographs are paired with a reading of her literary work.

STUART LITTLE
THROUGH SUN – The Theatre in the Grove presents this family classic and endearing tale of an ordinary family and the adventures of an extraordinary mouse.

ROCK & GEM SHOW
FRI-SUN – Browse rocks, minerals, fossils and more in Forest Grove with the Tualatin Valley Rock & Gem Club!

WINTER MUSIC FESTIVAL
SAT – Two stages host seven bands featuring blues music, the fundraiser gives back to the community.

BARLEYWINE FESTIVAL
FRI-SAT – The 22nd Annual Barleywine Festival features over 70 barleywines over the weekend.

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.

ALL CLASSICAL SYMPHONY
ONGOING – Don’t miss showcases of the season from All Classical Portland. Check the website for the latest schedule.

COMEDY IMPROV SHOW
THROUGH MAR 30 ComedySportz is a fun, fast-paced improv comedy show for the whole family, everything is improvised and no two rounds are the same.

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 rate objects and visuals to explain the history and old tales of Portland’s historic Chinatowns.

VANCOUVER METRO EVENTS

 

TEA TIME
SAT-SUN – This special tea time honors Anne of Green Gables with a seasonal menu, sweet treats, and a wide variety of tea every Saturday in March. Special Mardi Gras tea time at the Grant House this Sunday.

WELLNESS EXPO
SAT – Visit with local professionals in the health industry and learn from information sessions, enjoy light snacks, raffle prizes and more!

OPEN SATURDAY
SAT – Head to Pearson Field for a day of hands-on family fun. The Historic Trust hosts this experience with a vertical wind tunnel, a glider building station, flight simulator lab, and more!

MARY POPPINS
THROUGH SUN Journey Theatre hosts the heartwarming story and musical of Mary Poppins.

MOVIES OPENING THIS WEEKEND

  • Captain Marvel
  • An Elephant Sitting Still
  • Ferrante Fever
  • Gloria Bell
  • The Kid
  • A Madea Family Funeral
  • Greta
  • Apollo 11
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


Highest Homeownership Rates Since 2014

 

Highest Homeownership Rates Since 2014

The Census Bureau reported This Week in Real Estate that the U.S. homeownership rate increased in the fourth quarter of 2018 to 64.8 percent – the highest rate since 2014 – driven mainly by a rise in the 35-44-year-old homeownership rate. Below are a few highlights from the fourth week of February that influence our business:

Homeownership is Highest Since 2014. The Census Bureau reported on Thursday that the national homeownership rate rose slightly in the fourth quarter of 2018 to 64.8 percent, up from 64.4 percent in the third quarter and 64.2 percent in the fourth quarter of 2017. The Census Bureau said that change was not statistically different in either case, but at least it did continue the gradual upward trend in the rate since it hit an all-time low of 62.9 percent in the second quarter of 2016. The headline news, however, was a 1.2-point year-over-year change in the rate for those 34 to 44 years of age to 61.1 percent, by far the largest gain for any age group. The final three months of last year also yielded an additional 1.7 million units (compared to the end of 2017). This made 2018 the strongest year for owner household formation since 2004. We have now seen three years of growth in homeownership – with the last two well in excess of the one million mark – and believe that housing demand continues to be strong.

Pending Home Sales Jump 4.6% in January. Pending home sales rebounded strongly in January, according to the National Association of Realtors. All four major regions saw growth last month. The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 4.6 percent to 103.2 in January, up from 98.7 in December. Lawrence Yun, NAR chief economist, said “a change in Federal Reserve policy and the reopening of the government were very beneficial to the market. Homebuyers are now returning and taking advantage of lower interest rates, while a boost in inventory is also providing more choices for consumers.”

US Consumer Confidence Rebounds in February. American consumers were feeling more confident this month after a rally in the stock market and an end to the partial shutdown of the federal government. The Conference Board, a business research group, says its consumer confidence index rose to 131.4 from 121.7 in January. The index measures consumers’ assessment of current economic conditions and their expectations for the next six months. Consumers’ views of today’s economy were the sunniest since December 2000.


Portland Metro Weekend Planner March 1-3, 2019

 

PORTLAND METRO WEEKEND PLANNER
MARCH 1-3, 2019

WOMEN’S EXPO
SAT – The Women’s Expo features a fashion show, food and wine garden, beauty merchandise, and health products.

MARDI GRAS BALL
FRI-SUN – Grab your best Mardi Gras costume for ballroom dance and head to the Louisiana-style event of the year. Enjoy delicious king cake, a full bar, dancing and more.

PORTLAND JAZZ FESTIVAL
THROUGH SUN – Listen to over 85 internationally recognized jazz master performances at the PDX Jazz Festival.

THE DIARY OF ANNE FRANK
THROUGH MAR 16 – The Beaverton Civic Theatre showcases 71 reproduced personal photographs from Anne Frank. Many of these photos have rarely been shown, and few have been recently discovered. These photographs are paired with a reading of her literary work.

STUART LITTLE
THROUGH MAR 10 – The Theatre in the Grove presents this family classic and endearing tale of an ordinary family and the adventures of an unordinary mouse.

CHOWDER CHALLENGE
SAT – Listen to live music, try 12 chowder samples, and vote on your favorite combination from local restaurants and brewpubs.

ROCK MUSICAL
THROUGH SUN – Andrew Lloyd Webber’s rock musical Jesus Christ Superstar features hit songs and a powerful story at the Brunish Theatre.

MONSTER TRUCKS
SAT-SUN – Bring the kids to an exciting Monster Jam at the Moda Center! Watch decorated trucks like The Grave Digger and Zombie go head to head.

LEGO CONVENTION
THROUGH SUN  – Create Minifigures in motion at the builders convention and public expo. Create with the community and see amazing builds with Legos.

ANTIQUE & COLLECTIBLES SHOW
SAT-SUN – Browse from over 1300 vendors selling memorabilia, glassware, paintings, furniture and more at the Expo Center at America’s Largest Antique & Collectible Show.

COOKIE & WINE PAIRING
FRI-SUN Hip Chicks do Wine hosts Girl Scout Cookie and Wine Tasting all week, based on the popular article Vivino, about cookie pairings.

AFRICAN FILM FESTIVAL
THROUGH SAT – The Cascade Festival of African Films at the Hollywood Theatre hosts films through March 2nd. Watch short films and documentaries by emerging African directors.

LADIE’S NIGHT
FRI – Plum Hill Vineyards hosts a creative evening for the ladies, bring a friend and create sugar scrubs and your own bath salts while sampling popular wines.

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.

ALL CLASSICAL SYMPHONY
ONGOING – Don’t miss showcases of the season from All Classical Portland. Check the website for the latest schedule.

VOLKSFEST
FRI-SUN – Head to the handmade sausage and German beer festival in Mt. Angel. Shop the artisan market, have a blast in the kids area, or tie your shoes and try the Wurst (5k/10k) Run.

VANCOUVER METRO EVENTS

HORSE EXPO
FRI-SUN – The Annual Washington State Horse Expo is back with demonstrations from famous horsemanship experts and trainers. Watch clinics throughout the weekend, or browse and purchase from industry vendors.

GLASS BLOWING DEMO
FRI – Head to Firehouse glass for demonstrations on glass blowing like an expert and browse the First Friday Artwalk.

SYMPHONY
SUN – Southwest Washington Wind Symphony hosts Childhood Wonder inspired by paintings of children by American Artist Keith Lindberg.

BREWERY OPEN HOUSE
SAT – The Washington Beer Commission invites you to visit some of the State’s most popular craft brewers and taste some paired treats.

MARY POPPINS
THROUGH MAR 10 Journey theatre hosts the heartwarming story and musical of Mary Poppins.

MOVIES OPENING THIS WEEKEND

  • Tyler Perry’s a Madea Family Funeral
  • Greta
  • Apollo 11
  • Climax
  • Furie
  • Transit
  • The Wedding Guest
  • Giant Little Ones
  • Level 16
  • Luka Chuppi
  • Saint Judy
  • The Hole in the Ground
  • Among the Shadows
  • Woman at War
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


Housing Affordability Brings a Wave of New Buyers to the Market

Housing Affordability Brings a Wave of New Buyers to the Market

The interest rate on a 30-year fixed loan fell to its lowest point in a year, fueling a four-point increase of the Housing Market Index and leaving NAR chief economist, Lawrence Yun, to conclude This Week in Real Estate that “existing home sales in January were weak compared to historical norms; however, they are likely to have reached a cyclical low.” Below are a few highlights from the third week of February that influence our business:

Lower Interest Rates, Rising Consumer Confidence Boost Builder Sentiment. Builder confidence in the market for newly built single-family homes rose four points to 62 in February, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The ongoing reduction in mortgage rates in recent weeks coupled with continued strength in the job market are helping to fuel builder sentiment. In the aftermath of the fall slowdown, many builders are reporting positive expectations for the spring selling season. February marked the second consecutive month in which all the HMI indices posted gains. The index measuring current sales conditions rose three points to 67, the component gauging expectations in the next six months increased five points to 68 and the metric charting buyer traffic moved up four points to 48.

NAR: Home Sales “Likely to Have Reached a Cyclical Low.” Existing home sales fell again in January although the decline was a minor one compared to the 6.4 percent drop in December. The National Association of Realtors (NAR) said sales of single-family homes, townhomes, condominiums, and co-ops ticked down 1.2 percent from December’s annual rate of 4.99 million to a seasonally adjusted annual rate of 4.94 million. Lawrence Yun, NAR’s chief economist, acknowledged the sluggish sales, but said he does not expect the numbers to decline further going forward. “Existing home sales in January were weak compared to historical norms; however, they are likely to have reached a cyclical low. Moderating home prices combined with gains in household income will boost housing affordability, bringing more buyers to the market in the coming months.” Yun notes that this median home price growth is the slowest since February 2012 and cautions that the figures do not yet tell the full story for the month of January. “Lower mortgage rates from December 2018 had little impact on January sales, however, the lower rates will inevitably lead to more home sales.”

Mortgage Rates Fall to One Year Low, Setting the Stage for a Sunny Spring Selling Season. Rates for home loans fell to the lowest in over a year as investors remained concerned about economic headwinds, setting up the housing market for a strong spring season. The 30-year fixed-rate mortgage averaged 4.35% in the February 21 week, mortgage guarantor Freddie Mac said Thursday. That was down from 4.37% in the prior week and the lowest since early February 2018. The popular product has eked out a weekly increase only once in 2019.


Fortune Lists Berkshire Hathaway In World’s Most Admired Companies 

Berkshire Hathaway Featured in World’s Most Admired Companies 

 

Berkshire Hathaway has been featured in Fortune’s 2019 World’s Most Admired Companies list. Moving up one spot from 2018, Berkshire Hathaway ranks #3, scoring higher than Walt Disney corporation and Starbucks.

Fortune’s list started with 1,500 candidates worldwide and filters through the largest 1,000 U.S. companies ranked by revenues stretching over $10 billion. Fortune (magazine) stated 3,750 people from executives, analysts, directors, and experts voted on the most respected corporate reputations.

Berkshire Hathaway HomeServices is an independently operated subsidiary of HomeServices of America, a Berkshire Hathaway affiliate. We take pride in our corporate reputation and in placing among the top five of the World’s Most Admired Companies.

 


Portland Metro Weekend Planner February 22-24, 2019

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PORTLAND METRO WEEKEND PLANNER
FEBRUARY 22-24, 2019

WIZARD WORLD COMIC CON
FRI-SUN – Meet superhuman celebrities like Aquaman Jason Momoa, Supergirl Mellissa Benoist, nine cast members from Buffy the Vampire Slayer, and more at Wizard World Portland.  

PORTLAND JAZZ FESTIVAL
THROUGH MAR 3 – Listen to over 85 internationally recognized jazz master performances at the PDX Jazz Festival.

SPRING HOME & GARDEN SHOW
THROUGH SUN –  The Portland Spring Home & Garden Show hosts hundreds of industry vendors with plants, exhibits, and displays. Take home ideas and inspiration.

NEWPORT SEAFOOD & WINE FESTIVAL
THROUGH SUN – Enjoy a winter on the coast with the best seafood and wine in our region. Over 150 premier Northwest wines and culinary professionals will be in attendance as well as regional artists for the 42nd Annual event.

NW ROCK SHOW
FRI-SUN – Browse rocks from the Northwest with over 30 exhibits during the 68th Annual Oregon Agate & Mineral Show.

GOLF SHOW
FRI-SUN – Try out the free driving range, view the latest products in the industry, and learn new techniques from seminars at the Portland Golf Show.

ROCK MUSICAL
THROUGH MARCH 3 – Andrew Lloyd Webber’s rock musical Jesus Christ Superstar features hit songs and a powerful story at the Brunish Theatre.

PORTLAND FLEA & FOOD
SUN – This market is held on the last Sunday of the month, every market features over 40 local artists, makers, and vintage experts. Checkout locally sourced goods and crafts.

RAPTOR ROAD TRIP
THROUGH SUN  – Kruger’s Farm Market hosts Raptor Road Trip with guided bird tours, see raptors, falcons, hawks and displays. Bring your binoculars for a spectacular view.

DINOSAURS
THROUGH SUN – The Starlings Present a family-friendly and interactive puppet show at the Northwest Children’s Theater.

BINGO NIGHT
SAT –Join the Portland Women’s Football team the Fighting Shockwaves for Bingo Night with raffle prizes and dinner.

AFRICAN FILM FESTIVAL
THROUGH MARCH 2 – The Cascade Festival of African Films at the Hollywood Theatre hosts films through March 2nd. Watch short films and documentaries by emerging African directors.

A DOLL’S HOUSE
THROUGH MARCH 3 A Doll’s House: Part 2 features a woman starting over on a new journey.

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.

VANCOUVER METRO EVENTS

VANCOUVER SYMPHONY
SAT – Listen to the Vancouver Symphony Orchestra and enjoy headliners with a classical touch.

HOPWORKS URBAN BREWERY
SATHopworks Urban Brewery in Vancouver hosts a 5k beer run to celebrate the 2019 season. Enjoy live music, giveaways, activities, and amazing food.

VANCOUVER LAKE HALF MARATHON
SUN – Head to this flat course to compete for a medal, or join others on a 4-mile walk with the Clark County Running Club.

TOM SAWYER
THROUGH SUN – The Adventures of Tom Sawyer by Journey Theater takes viewers on a musical journey and a look into the life of fourteen-year-old adventurous Tom.

MOVIES OPENING THIS WEEKEND

  • Fighting With My Family
  • How to Train Your Dragon
  • Run the Race
  • Changeover
  • Iron Orchard
  • Total Dhamaal
  • Prosecuting Evil
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 Performance Remains Strong As Housing Prices Jump

Mortgage Performance Remains Strong As Housing Prices Jump

Home prices ended 2018 rising at a ‘healthier’ pace according to NAR chief economist Lawrence Yun This Week in Real Estate while unemployment is at a near 50-year low, mortgage performance is strong and household debt levels relative to disposable incomes are at a 35-year low. Below are a few highlights from the second week of February that influence our business:

The 4th Quarter Housing Jump
Metro Home Prices Jump 4% in 2018’s Fourth Quarter. Inventory increased and metro market prices rose at a slower pace in the fourth quarter of 2018, according to the latest quarterly report by the National Association of Realtors®. The national median existing single-family home price in the quarter was $257,600, up 4.0 percent from the fourth quarter of 2017 ($247,800). Lawrence Yun, NAR chief economist, says in light of the various hurdles for 2018, the close of the fourth quarter was promising. “Home prices continued to rise in the vast majority of markets but with inventory steadily increasing, home prices are, on average, rising at a slower and healthier pace,” he said. “Housing affordability will be the key to sustained healthy growth in the housing market in the upcoming years. That requires more homebuilding of moderately priced homes,” Yun said. “Housing starts fell far short of historically normal levels, with only 9.6 million new housing units added in the past decade; compared to 15 to 16 million that would have been needed to meet our growing population and 20 million new job additions. “Local zoning law changes, expanding construction worker training programs at trade schools and promoting the use of tax breaks for developers in the designated Opportunity Zones will all play an important role in assuring an adequate future supply of housing,” Yun said.

Consumer Expectations Shift
Consumer sentiment surges higher than expected after the government shutdown ends. Consumer sentiment gained more than expected in early February as U.S. spending confidence recovered after the end of the longest government shutdown in history. “The early February gains reflect the end of the partial government shutdown as well as a more fundamental shift in consumer expectations due to the Fed’s pause in raising interest rates,” said Richard Curtin, chief economist for the Surveys of Consumers. Consistent with the bounce in sentiment, more respondents suggested that it was a good time to buy a major household item/vehicle/house,” said Jon Jill, fixed income strategist at BMO Capital Markets.

Homeowners Are In Great Shape
Mortgage loan delinquencies were down from the third quarter of 2018 in the fourth quarter. The Mortgage Bankers Association (MBA) said the improvements held across all loan types and all stages of delinquency although there was a slight uptick in foreclosure starts. The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.06 percent of all loans outstanding, down 41 basis points (bps) from the third quarter and 111 bps from the fourth quarter of 2017 according to MBA’s National Delinquency Survey. Marina Walsh, MBA’s Vice President of Industry Analysis said, “The overall national mortgage delinquency rate in the fourth quarter was at its lowest level since the first quarter of 2000. What’s even more noteworthy, the delinquency rate dropped from the previous quarter and on a year-over-year basis across all loan types and stages of delinquency.” Added Walsh, “With the unemployment rate near a 50-year low, wage growth trending higher and household debt levels relative to disposable incomes at a 35-year low, homeowners are in great shape, and mortgage performance is quite strong.” Take advantage of steady mortgage rates and contact a HomeServices Oregon or Washington mortgage lending officer for a complimentary consultation.


Protect Your Pacific Northwest Home From Mold 

Protect Your Pacific Northwest Home From Mold

 With rainy and humid winters, its no secret Pacific Northwest homes are susceptible to mold and mildew growth. If left untreated, serious health issues like respiratory or sinus irritation can form from exposure.  

Three things you should monitor to protect your home from growing mold:

1) Temperature: Mold thrives in environments between 41°–100° Fahrenheit. 

2) Moisture: Our wet winters and drawn out, rainy spring can bring mold as well. Make sure to keep your home’s humidity levels between 30–60%. 

3) Food: Bacteria or splattered food particles that don’t get cleaned up run the risk of becoming common breeding grounds for mold. 

Combat and Clean Up Mold

Monitor high use areas in your home that see a lot of moisture or house water. Washing machines without floor drains can cause a buildup of moisture underneath from either leaks or overflow and cause water damage as well as mold. 

Remodeling your bathroom? Water-resistant drywall for a tile backer will likely degrade over time when being subjected to moisture repeatedly. Instead, use cement backer board for a long-lasting mold-free product. 

Bathrooms are high traffic mold areas, cut down on spores by using moisture-wicking shower curtains. This prevents the harboring of soap or bacteria, which acts as a food for mold growth. As a good rule, leave your bathroom fan on for at least 30 minutes after showering. 

Humidifier machines can help with allergens by keeping pollen at bay, but it can also hinder allergy sufferers by distributing mold growth. Make sure to clean and treat your machine with an antimicrobial solution often. If you don’t need a humidifier, use a dehumidifier to get your home back to the safe levels of 30-60%. 

Mold and mildew can be strong adversaries if you want to keep your home and air healthy, but they can be easily defeated by knowing which areas of your home to monitor. 

 

Article inspired by Better Homes & Gardens.


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