Portland Metro Weekend Events Planner: July 14-16, 2017

PORTLAND METRO WEEKEND EVENTS PLANNER
FOR JULY 14-16, 2017

FLOAT DOWN THE RIVER
SAT – Jump in the Willamette River with a life jacket and inner tube for the The Big Float. Float downstream to a beach party with a music barge, food carts, and beer garden.

AMERICA’S LARGEST ANTIQUE & COLLECTIBLE SHOW
SAT-SUN – 400 booths outside plus 900 booths inside a the Portland Expo Center. The range of diversity makes sure there is something for everyone.

BASTILLE DAY FESTIVAL
SAT – The West Coast’s largest Bastille Day celebration, free and open to the public. Enjoy French food, live music, vendors & more.

ROBIN HOOD FESTIVAL
FRI-SAT – One of the oldest and most unique community events in Oregon. Many fun activities both modern and medieval, international archery tournament & much more! http://www.robinhoodfestival.org/

CATHEDRAL PARK JAZZ FESTIVAL
FRI-SUN – Enjoy a free concert situated in a natural amphitheater with a backdrop of the beautiful Willamette River. Bring a blanket and a picnic and have a relaxing evening.

LA RUTA PDX
THURS-SUN – Celebrating the culinary culture of Spain in in one of the most innovative cities in the United States. Events throughout the festival will showcase Spanish products, purveyors, and specialty equipment to encourage collaboration and mutual enrichment between the two gastronomic cultures.

PORTLAND HIGHLAND GAMES
SAT – A unique Scottish experience featuring incredible Scottish pipe bands, bag pipers and drummers, dancers and athletes.

FOREST GROVE CONCOURS D’ELEGANCE
SUN – Enjoy more than 300 classic cars on the tree-shaded campus of Pacific University. Enjoy live music, food, a beer garden, and a wine pavilion.

GRESHAM ARTS FESTIVAL
FRI-SAT – Take a stroll downtown, enjoy a glass of wine, and peruse a silent auction benefiting Gresham Outdoor Public Art.

TONY STARLIGHT SHOWROOM
SAT – An ever-evolving hybrid of song parody, musical impressions and various tributes to iconic artists and pop culture phenomena.

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.

CHAMBER MUSIC NORTHWEST SUMMER FESTIVAL
Through July 30 – Enjoy extraordinary music throughout the month at various locations. Check the schedule for times and locations and see which shows are free.

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.

OREGON BACH FESTIVAL
Through SATOregon Bach Festival celebrates the music and legacy of classical composer Johann Sebastian Bach.

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.

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.

PORTLAND ESCAPE ROOMS
All Month THURS-SUNCedar 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

HARVEST NIGHTS CAR CRUISE, PARADE & FESTIVAL
FRI-SAT – More than 400 classic and custom cars. Enjoy carnival rides, the Fred Meyer Grand Parade with more than 90 entries, an Xtreme Amateur Sports Competition, musical talent show, and local wine, beer, and spirits.

FIRE IN THE PARK
SAT – A day of fun with a firefighter challenge, pipe and drum band, kids events and a variety of safety and awareness programs.

RIVERVIEW SIX TO SUNSET CONCERTS
Thursdays through August 10 – Celebrate summer Thursday evenings while listening to our fantastic bands play the sun down. Bring your family and friends down to Esther Short Park, put down a picnic blanket and some lawn chairs and enjoy.

FRIDAY NIGHT MOVIES IN THE PARK
Fridays Through August 11 – Bring your blankets and lawn chairs and enjoy big screen entertainment. All movies are family friendly.

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

· War for the Planet of the Apes
· Wish Upon
· The Big Stick
· Belief: The Possession of Janet Moses
· Project Itoh: Genocidal Organ
· Blind
· Battle Scars
· Lady Macbeth
· Man Underground

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: July 11, 2017

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A much stronger than expected June job growth report coupled with continued strong price appreciation results in a record high for Fannie Mae’s National Housing Survey as released This Week in Real Estate. Below are a few highlights from the first week of July that influence our business:

 

* Housing Sentiment at Record High as Consumers’ Confidence in Home-Selling Environment Strengthens. It may be good news for those skinny housing inventories, homebuyers are allegedly confronting that increasing numbers of homeowners think now is a good time to sell. Fannie Mae says net positive responses to that question on its June National Housing Survey (NHS) increased by 7 points, reaching a new survey high of 39 percent. Those responses helped drive Fannie Mae’s Home Purchase Sentiment Index (HPSI) up by 2.1 percentage points to 88.3, tying last February’s all-time high for the index. The HPSI is up 5.1 percentage points compared with the same time last year. Full Story…http://www.fanniemae.com/portal/media/corporate-news/2017/june-home-purchase-sentiment-index-6577.html?p=Media&s=News+Releases&from=RSS

 

* CoreLogic: U.S. Home Price Report Shows Prices Up 6.6 Percent in May 2017. CoreLogic released its Home Price Index (HPI) and HPI Forecast for May 2017 on Wednesday which showed home prices are up strongly both year over year and month over month. Home prices nationally increased year over year by 6.6 percent from May 2016 to May 2017, and on a month-over-month basis, home prices increased by 1.2 percent in May 2017 compared with April 2017, according to the CoreLogic HPI. Looking ahead, the CoreLogic HPI Forecast indicates that home prices will increase by 5.3 percent on a year over year basis from May 2017 to May 2018, and on a month over month basis home prices are expected to increase by 0.9 percent from May 2017 to June 2017. Full Story… http://www.corelogic.com/about-us/news/corelogic-us-home-price-report-shows-prices-up-6.6-percent-in-may-2017.aspx

 

* Job Growth Surged in June. The U.S. labor market rebounded in June, new government data showed Friday, as employers surpassed the expectations of most economists by adding 222,000 jobs. The unemployment rate ticked up to 4.4 percent, from 4.3 percent in May, but it did so for a good reason – more people joined the labor force to look for work. The Labor Department also revised its estimates for job gains in April and May, raising the combined figure by 47,000 jobs. “We’ve been creating close to 200,000 jobs a month now for more than seven years. That’s just an incredible achievement. And that machine is still humming,” Mark Zandi, chief economist at Moody’s Analytics, said Friday. Eight years into the current economic expansion, the pace of hiring remains strong. Full Story… https://www.washingtonpost.com/news/wonk/wp/2017/07/06/what-to-watch-for-in-the-june-jobs-report/?utm_term=.6cb80322526e

Have a productive week!

Jason


Portland Metro Weekend Event Planner: July 7-9, 2017

PORTLAND METRO WEEKEND EVENTS PLANNER
FOR JULY 7-9, 2017

 

OREGON LAVENDER FARM TOUR
SAT-SUN – These OLA member farms and nurseries, some not open any other time during the year, will be throwing their doors open to the public as their lavender is blooming. Tour the lavender farms and nurseries to enjoy the beauty and scents of lavender; enjoy the journey as you travel through Oregon’s pastoral countryside to each destination.

PORTLAND ROSE FESTIVAL ROSE CUP RACES
FRI-SUN – These NASCAR-like V8, ground-pounders built here in Portland will bring the excitement of stockcar racing to the weekend.

MISSISSIPPI STREET FAIR
SAT200 local vendors and craft booths, five stages of entertainment, a kids’ corner, food carts, and a beer/wine garden on N. Mississippi Avenue.

BEAD FAIRE
FRI-SUN – Discover millions of beads from around the world: glass, lampwork, wood, seed, pearl, crystal, gemstone, gold & silver, antique and one of a kind. Bead making tools, supplies & boxes and all your beading needs are found here under one roof!

FUELED BY WINE
SUNHalf marathon exploring some of the most magnificent vineyard vistas in Oregon, as well as by working with local Dundee charities and Oregon sponsors creating an exciting event for the region while also supporting the local economy.

TONY STARLIGHT SHOWROOM
SAT – An ever-evolving hybrid of song parody, musical impressions and various tributes to iconic artists and pop culture phenomena.

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.

CHAMBER MUSIC NORTHWEST SUMMER FESTIVAL
Through July 30 – Enjoy extraordinary music throughout the month at various locations. Check the schedule for times and locations and see which shows are free.

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.

OREGON BACH FESTIVAL
FRI through July 15Oregon Bach Festival celebrates the music and legacy of classical composer Johann Sebastian Bach.

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.

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.

PORTLAND ESCAPE ROOMS
All Month THURS-SUNCedar 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

RIVERVIEW SIX TO SUNSET CONCERTS
Thursdays through August 10 – Celebrate summer Thursday evenings while listening to our fantastic bands play the sun down. Bring your family and friends down to Esther Short Park, put down a picnic blanket and some lawn chairs and enjoy.

FRIDAY NIGHT MOVIES IN THE PARK
Fridays Through August 11 – Bring your blankets and lawn chairs and enjoy big screen entertainment. All movies are family friendly.

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

· Spiderman: Homecoming
· A Ghost Story
· Cartels
· Undercover Grandpa
· Austin Found
· City of Ghosts
· Hickok

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: July 3, 2017

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With the summer selling season in full swing This Week in Real Estate, The Conference Board released its Consumer Confidence Index finding the present situation index rose to a nearly 16-year high. Below are a few highlights from the last week of June that influence our business:

* Consumer Confidence Gets Stronger in June. The Conference Board said its consumer confidence index rose to 118.9 last month from 117.6. The increase in June exceeded the 116 forecast of economists polled by MarketWatch. The “present” situation index, which tracks how consumers view the current health of the economy, rose to a nearly 16-year high of 146.3 from 140.6. Just three months earlier the full index hit the highest level since 2001. “Overall, consumers anticipate the economy will continue expanding in the months ahead, but they do not foresee the pace of growth accelerating,” said Lynn Franco, director of economic indicators at the board.
Full Story… http://www.marketwatch.com/story/consumer-confidence-stays-strong-in-june-2017-06-27

* Fannie Mae: As Mortgage Demand Cools and Competition Heats Up, More Lenders Are Planning to Ease Credit Standards. More mortgage lenders say they have eased credit standards recently and expect further easing in the coming months, according to Fannie Mae’s second quarter 2017 Mortgage Lender Sentiment Survey. On net, the share of lenders reporting they have eased mortgage credit standards over the prior three months has ticked up gradually since the fourth quarter of 2016. Additionally, when anticipating the next three months, the net share of lenders saying they plan to ease credit standards for GSE eligible, non-GSE eligible, and government loans reached or surpassed survey highs this quarter. “Expectations to ease credit standards climbed to survey high points in the second quarter as more lenders reported slowing mortgage demand and increasing concerns about competition from other lenders,” said Doug Duncan, senior vice president and chief economist at Fannie Mae. “Lenders cited additional contributing factors such as diminishing compliance concerns and more support from the GSEs.”
Full Story… http://www.fanniemae.com/portal/research-insights/surveys/mortgage-lender-sentiment-survey.html

* Black Knight: Home Price Index Hits All-Time High. Home prices hit their all-time high in April, according to Black Knight Financial Services’ latest Home Price Index report. Home prices increased a total of 3.6% in April since the start of 2017 to the HPI’s all-time high of $275,000. This is an increase of 1.2% from the previous month and 6% from last year. One city stood out above the rest as it led its state to the highest monthly appreciation for the third consecutive month. Seattle home prices increased a full 8.4% since the start of the year. All the largest 20 states and the 40 largest metros saw an increase in home prices in April, and the top 10 best-performing metros all increased by 2% or more. Of the top six best performing metros, five are located in Washington. In fact, nine of the top 10 metros are in the Western U.S. The one exception is Detroit, which came in as the 10th best performing metro with its increase of 2% from the month before.
Full Story… https://www.housingwire.com/articles/40525-black-knight-home-price-index-hits-all-time-high?eid=322520585&bid=1796925

Have a productive week!

Jason


Portland Metro Weekend Events Planner: June 30-July 4, 2017

PORTLAND METRO WEEKEND EVENTS PLANNER
FOR JUNE 30-JULY 4, 2017

 

4TH OF JULY FIREWORKS
TUES – Discover where to go to see Fireworks in the Portland Metro Area.

WATERFRONT BLUES FESTIVAL
SAT-TUES – Celebrate the 30th Anniversary of the Waterfront Blues Festival! 80 performers playing on multiple stages throughout this 5-day event, fireworks show and much more.

ST. PAUL RODEO
FRI-TUES – There’s no doubt that St. Paul knows how to “do” rodeo. This celebration includes the roughest, toughest contests between men and animals and underscores the grit and fortitude of those folks we know as cowboys and cowgirls.

PORTLAND CRAFT BEER FESTIVAL
FRI-SUN – Find the broadest selection of local beers, ciders and wine, including a few that you can’t find anywhere outside the breweries.

CHAMBER MUSIC
WED-FRI – Hear world-renowned artists at the Summer Festival of Chamber Music Northwest. Repeats in Jan.

OREGON BACH FESTIVAL
FRI through July 15Oregon Bach Festival celebrates the music and legacy of classical composer Johann Sebastian Bach.

FOOT TRAFFIC FLAT
TUES – The only race on beautiful Sauvie Island, the “Flat” is a Fourth of July tradition around Portland. Enjoy the gorgeous scenery, a super flat course, and a start and finish at a picturesque working farm. Courses to fit everyone, Full Marathon, Half Marathon, 8K & 5K.

GEAR CON
FRI-SUN – Enjoy discussions, hands-on workshops, gentlemanly/ladylike fisticuffs, hair-raising Tesla coil demos, our fine art salon and marketplace, and more adventurous delights from the past that should have been.

OZ CON
FRI-SUN – Featuring all our traditional activities: Oz quizzes for all ages and levels, the Oz Treasure Hunt, the Oz Research Table, the Oz Dealers Room, Oz Show and Tell to share your rare and wonderful Oz discoveries, panel discussions, displays, and super after-parties.

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.

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.

PORTLAND ESCAPE ROOMS
All Month THURS-SUNCedar 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

INDEPENDENCE DAY AT FORT VANCOUVER
TUES – Visit the Fort Vancouver Historic Site for one of the best fireworks displays around. Come down early to get a good viewing seat!

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

· Despicable Me 3
· Amityville: The Awakening
· The House
· Inconceivable
· Darkness Rising
· Baby Driver
· Hired Gun
· 2:22
· 13 Minutes

 

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: June 26, 2017

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The National Association of Realtors released This Week in Real Estate that the median sales price reached a new high in May while the median days on the market decreased to a new low. Below are a few highlights from the third week of June that influence our business:

* As Existing Home Sales Rise, Median Home Price Hits New High. Existing-home sales rebounded in May and low inventory levels helped propel the median sales price to a new high while pushing down the median days a home is on the market to a new low, according to the National Association of Realtors. All major regions except for the Midwest saw an increase in sales last month. Total existing-home sales climbed 1.1 percent to a seasonally adjusted annual rate of 5.62 million in May from a downwardly revised 5.56 million in April. Last month’s sales pace is 2.7 percent above a year ago and is the third highest over the past year. The median existing-home price for all housing types in May was $252,800. This surpasses last June ($247,600) as the new peak median sales price, and is up 5.8 percent from May 2016 ($238,900) and marks the 63rd straight month of year-over-year gains. Total housing inventory at the end of May rose 2.1 percent to 1.96 million existing homes available for sale, but is still 8.4 percent lower than a year ago (2.14 million) and has fallen year-over-year for 24 consecutive months. Unsold inventory is at a 4.2-month supply at the current sales pace, which is down from 4.7 months a year ago. Properties typically stayed on the market for 27 days in May, which is down from 29 days in April and 32 days a year ago; this is the shortest timeframe since NAR began tracking in May 2011. Inventory data from realtor.com reveals that the metropolitan statistical areas where listings stayed on the market the shortest amount of time in May were Seattle-Tacoma-Bellevue, WA (20 days); San Francisco-Oakland-Hayward, CA (24 days); San Jose-Sunnyvale-Santa Clara, CA (25 days) and Salt Lake City, UT (26 days).

Full Story… https://www.nar.realtor/news-releases/2017/06/existing-home-sales-rise-11-percent-in-may-median-sales-price-ascends-to-new-high

* Housing Remains a Bright Spot for the Economy. Freddie Mac released its monthly outlook for June on Friday, which shows that despite some recent bumps, the U.S. housing market remains on track to exceed last year’s best-in-a-decade levels for housing starts and home sales. May marked the 80th consecutive month of job gains. In the first quarter of 2017, the homeownership rate was 63.6 percent – six percentage points lower than its peak in 2004 when it reached its all time-high of 69.2 percent. Strong demand and a short supply of housing in many markets continues to push house prices higher. Expect house price appreciation to be over 5 percent in 2017.

Full Story…  http://freddiemac.mwnewsroom.com/press-releases/freddie-mac-june-2017-outlook-otcqb-fmcc-1313709?feed=429e0be3-9aef-4a3a-9775-43f8e470d510

* Mortgage Default Rate Falls to Near Record Low in May. Borrowers are going into default on their first mortgages less often than at nearly point in the last 13 years, a new report from the S&P Dow Jones Indices and Experian showed. The newest S&P/Experian Consumer Credit Default Indices, which is a comprehensive measure of changes in consumer credit defaults, showed that the default rate for first mortgages fell to 0.64% in May. That’s down five basis points from April’s level of 0.69%. The default rate in May was also just one basis point above May 2016’s level of 0.63%, which was the lowest that figure had been since July 2004. That means that May 2017’s default rate of 0.64% is the second lowest for any month in nearly 13 years. “The default rate on first mortgage remains at 1%, lower than the pre-crisis period,” said David Blitzer, the managing director and chairman of the Index Committee at S&P Dow Jones Indices.

Full Story… https://www.housingwire.com/articles/40475-mortgage-default-rate-falls-to-near-record-low-in-may?eid=322520585&bid=1791352

Have a productive week!

Jason


Portland Metro Weekend Events Planner: June 23-25, 2017

PORTLAND METRO WEEKEND EVENTS PLANNER
FOR JUNE 23-25, 2017

 

FESTIVAL OF BALLOONS

FRI-SUN – Get down to Cook Park early each morning to experience the spectacular hot air balloons as they launch and dot the morning sky. Spend the afternoon shopping at the craft and business vendor booths.

PORTLAND ROSE FESTIVAL MILK CARTON BOAT RACE

SUN – Children and adults race and show off their handmade, human-powered boats that float only by means of recycled milk cartons and jugs. Creatively-constructed watercraft will compete in nine categories, with one earning a place in history upon the coveted Best in Show milk can trophy

HEROES & VILLAINS FAN FEST 

SAT-SUN – Spend the entire weekend with your favorite Heroes and Villains guests, or head across our newly expanded venue to meet cast members from The Walking Dead, Sons of Anarchy, and more from Walker Stalker Con! One ticket gives you complete access to guests, vendors, and panels from BOTH shows!

WORLD NAKED BIKE RIDE

SAT – Worldwide bike ride that highlights the vulnerability of cyclists everywhere and decries society’s dependence on pollution-based transport. It’s also a lot of fun and it’s free for all! 

PORTLAND INTERNATIONAL BEER FEST

FRI-SUN – 200+ world class beersShowcasing hard-to-find beers and ciders from all over the world. Sample everything from classic styles (pilsners, pales, etc.) to exotic new-world hybrids (barrel-aged hoppy farmhouse sours, etc.)

BREWFEST IN THE PARK

FRI-SUN – Grab your picnic blankets, bikes, the kids & the dog and join us for the first annual BrewFest in the Park at Overlook Park! Over 60 organically brewed craft beverages including beer cider and mead.

GOOD IN THE HOOD

FRI-SUN – Multicultural food, kids activities, live entertainment & much more. Parade at 11AM on Saturday will start at King Elementary.

LAKE OSWEGO FESTIVAL OF THE ARTS

FRI-SUN – Featuring more than 110 artists, several art exhibits, music, hands-on art activities, demonstrations & much more.

PORTLAND JEWISH FILM FESTIVAL

Through SUN – Celebrating the diversity of Jewish history, culture, identity, and filmmaking. We hope that these films, and the stories they tell, resonate beyond their settings and speak to universal experiences and issues that confront our common humanity.

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.

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.

PORTLAND ESCAPE ROOMS
All Month THURS-SUNCedar 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

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.

WANT TO GET OUT OF TOWN?

LINCOLN CITY SUMMER KITE FESTIVAL

SAT-SUN – Kite flying demonstrations by experts, free kids kitemaking, running of the bols, and some of the most colorful “big” kites in the world!

GORGE BLUES FESTIVAL

FRI-SAT – Enjoy tons of live bands, 16 craft breweries and regional wineries at Skamania County Fairgrounds. Onsite camping available.  

WINDSURFING FESTIVAL IN HOOD RIVER

SAT-SUN – Watch windsurfing demonstrations and races, check out gear, play games and hear live music.

WINE & JAZZ FEST

SAT – Come enjoy wine and food from renowned local wineries and restaurants, all set in the beautiful historic gardens of Deepwood

SUNFEST SUMMER SOLSTICE FESTIVAL 

THURS-SUN – This is a four-day festival held on privately-owned land near Vernonia OR. Enjoy solstice rituals, workshops, children’s activities, raffle and much more. Camping is available.

WORLD BEAT FESTIVAL

SAT-SUN – Experience the music, dance, food and traditions of over 70 nations and cultures.

PETAL PEDAL BIKE RIDE

Through SAT – Gorgeous scenery, low-traffic roads, and unrivaled support provide the foundation for a wonderful day-cation in the fertile Willamette Valley. Petal Pedal is a high-end event with beautiful routes in the Willamette Valley. Includes admission to The Garden, live music, and a gourmet dinner with wine and Hopworks beer. 30, 50, 70, 100-mile routes.

NEW MOVIES OUT THIS WEEK

· Transformers: The Last Knight

· The Beguiled

· The Bad Batch

· Alien Arrival

· Fireangels: A Drifter’s Fury

· Good Fortune

· All the Rage

· A Beginner’s Guide to Snuff

· The Operative


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: June 19, 2017

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Happy Father’s Day to all you Berkshire Hathaway HomeServices dads, as well as to the dads of our entire team, including my hero, mentor, friend, and dad Bert Waugh.

As home equity grows and builder confidence remains strong, HUD released This Week in Real Estate a drop in both construction permits and starts for the second straight month, which could put additional downward pressure on future inventory. Nonetheless, single-family starts are up 7% compared to the same time period the year before. Below are a few highlights from the second week of June that influence our business:

* Home Equity Grows As The Composition of (Fewer) Refinancing Shifts. According to the Federal Reserve Board’s first quarter of 2017 release of its Financial Accounts of the United States report, household holdings of real estate, measured on a not seasonally adjusted basis, totaled $23.526 trillion in the first quarter of 2017, $1.597 trillion higher than its level in the first quarter of 2016. Home mortgage debt outstanding, $9.813 trillion in the first quarter of 2017, rose by $252 billion over the same four-quarter period. As the change in the total value of household-held real estate exceeded growth in mortgage debt outstanding, total home equity held by households grew. Over the year, total home equity held by households rose by $1.346 trillion, 10.9 percent, to $13.714 trillion. Households’ home equity is now 58.3 percent of household real estate.
Full Story…  http://eyeonhousing.org/2017/06/home-equity-grows-as-the-composition-of-fewer-refinancings-shifts/

* Housing Starts Decline in May. Total housing starts declined in May after a few, strong early months to begin 2017. Total starts were down 5.5%, falling to a 1.092 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD. Declines were recorded for both single-family and multifamily development. Single-family starts fell back, declining to a 794,000 annual rate. The February annualized rate, 877,000, was the fastest monthly pace since the Great Recession. Nonetheless, single family starts are up 7% year-to-date compared to 2016 as limited existing inventory and solid builder confidence make for positive demand conditions. Single-family permits were down 4.9% in May. There has also been a noticeable increase in the number of single-family homes permitted but not started, consistently with survey data indicating supply-side bottlenecks. For example, in May there were 78,000 single-family homes permitted but not started construction. This is almost 15% higher than a year ago. With respect to housing’s economic impact, 57% of homes under construction in May were multifamily (612,000), that is 6% higher than a year ago. There were 455,000 single-family units under construction, a gain of 6% from this time in 2016. This is slightly lower than the April total (457,000), which was a post-recession high. Regionally, single-family starts declined in the South (-8.9%) and the West (-4.9%), the two largest market areas. Single-family starts were up in the Northeast (12.5%) and the Midwest (9.5%).
Full Story… http://eyeonhousing.org/2017/06/housing-starts-decline-in-may/

* Builder Confidence Remains Solid in June. Builder confidence in the market for newly-built single-family homes weakened slightly in June, down two points to a level of 67 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). “Builder confidence levels have remained consistently sound this year, reflecting the ongoing gradual recovery of the housing market,” said NAHB Chairman Granger MacDonald. “As the housing market strengthens and more buyers enter the market, builders continue to express their frustration over an ongoing shortage of skilled labor and buildable lots that is impeding stronger growth in the single-family sector,” said NAHB Chief Economist Robert Dietz. All three HMI components posted losses in June but remain at healthy levels. The components gauging current sales conditions fell two points to 73 while the index charting sales expectations in the next six months dropped two points to 76. Looking at the three-month moving averages for regional HMI scores, the Midwest and South each edged one point lower to 67 and 70, respectively. The Northeast and West both dropped two points to 46 and 76, respectively.
Full Story… http://www.nahb.org/en/news-and-publications/press-releases/2017/06/builder-confidence-remains-solid-in-june.aspx

Have a productive week!
Jason


Summer Staging Tips: 7 Tips to Enhance Outdoor Spaces

 

Staged homes spend 78% less time on the market. Attract the most buyers in the least time with these 7 summer outdoor staging tips:

Prep the Deck
Visually increase your square footage by emphasizing outdoor living space. Whether your home features a deck, patio, porch or other outdoor living area, take time to power wash the surface to remove any debris. If your outdoor furniture is lacking, consider purchasing a fresh set, complete with all-weather cushions and pillows in vibrant colors.

Mow the Lawn
Whether you hire a professional landscaper or DIY, trim the lawn and any hedges—the latter can be a trip hazard if left untouched.

Roll out the Welcome
It’s no secret—curb appeal matters to buyers, but too often, minor details are overlooked when setting the stage out front. To roll out the welcome for buyers, replace your worn welcome mat with a summery alternative, and install large house numbers in a prominent location that can be viewed from the street.

Wash the Windows
Cleaning windows inside and out can be taxing, but it makes a noticeable difference. For the exterior sides of the windows, scrub off any accumulated film from tree pollen and polish until glistening. Buyers will be pleased to see not only a sparkling home outside, but a light-filled interior as well.

Clean the Pool
Pools can be a make-or-break feature for buyers, so play it up as best you can. After having the pool cleaned by a professional, take care to skim the surface for any debris that accumulates between buyer visits. Be sure the pool cover, mechanized or otherwise, is free of damage and the filtering system is in working order.

reddoorLighten Up
Make sure the outdoor spaces around your home, including the front entrance, deck, patio, and walkways, are appropriately lit. Spotlight your best features and make sure to check the porch light. Updated light fixtures are not only aesthetically pleasing, but are an added safety feature to the home.

Showcase a Spot of Color
In lieu of a costly exterior paint job, choose specific areas outside to add pops of color. Window boxes bursting with blooms are often well-received by buyers, as well as container plantings. If the exterior could use refreshing, consider repainting the front door before recruiting a professional to do the entire home.
Article courtesy of RealEstateBook.com

 

 


Portland Metro Weekend Events Planner: June 16-18, 2017

PORTLAND METRO WEEKEND EVENTS PLANNER
FOR JUNE 16-18, 2017

 

FATHER’S DAY BRUNCH, LUNCH, OR DINNER
SUN – From bottomless beers to brunch or dinner menus, read on to find a place to celebrate the dad in your life.

FATHER’S DAY CRUISE ON THE PORTLAND SPIRIT
SUN – Choose from brunch cruises in Downtown Portland or Cascade Locks, a scenic dinner cruise, or an adventure on the Explorer.

GRATEFUL DAD HALF MARATHON, 10K & 5K
SAT – An event for the entire family that runs along the beautiful Columbia River with sweet views of the cascade range. Stick around afterwards for a Grateful family breakfast, a groovy beer garden and some sweet tunes to fill the air!

OREGON GARDEN BEERFEST
FRI-SUN60 breweries, pouring 120 beers, ciders and meads from throughout Oregon and across the country. Amazing food from local vendors, vendors and kid’s activities on Sunday.

OREGON RENAISSANCE FAIR
SAT-SUN – An imaginative and interactive adventure modeled after elements from the the Renaissance era, led by the beloved Queen of Scots, Mary Stewart. Patrons can experience village folk celebrating a visit from their Queen and her royal court with the sights, sounds, smells, era-appropriate music, demonstrations, a variety of entertainers, and the arts, crafts, wares, and lifestyles of the Renaissance era in Scotland.

DELTA PARK POW WOW AND ENCAMPMENT
FRI-SUN – An annual Portland tradition that draws Native American, and non-native participants and spectators from across the Pacific Northwest to enjoy intertribal and competition dancing, dancing exhibitions, arts and craft vendors, fry bread and other food booths, all as part of a free and family-friendly celebration of Native American culture.

PRIDE FESTIVAL & PARADE
SAT-SUNCelebrate the positive diversity of the lesbian, gay, bisexual, and trans communities, and to assist in the education of all people through the development of activities that showcase the history, accomplishments, and talents of these communities. Parade kicks off Sunday at 11AM.

STRAWBERRY FESTIVAL
FRI-SUN – A whole festival geared towards devouring delicious berry treats and playing on our seven generation family farm! Berry picking, pony rides, bounce pillow, haymazes, hayrides, slide, barrel wagon rides and much more!

CIDER SUMMIT PORTLAND
FRI-SAT – Featuring over 150 ciders & cider cocktails including regional favorites and international classics.

TASTE OF TIGARD
SATFood and beverage entrepreneurs with a connection to Tigard are gathering to offer you a tasting tour.

PORTLAND JEWISH FILM FESTIVAL
Through June 25 – Celebrating the diversity of Jewish history, culture, identity, and filmmaking. We hope that these films, and the stories they tell, resonate beyond their settings and speak to universal experiences and issues that confront our common humanity.

PORTLAND BEER WEEK
Through SUN – An 11-day celebration of beer in the greatest beer city on earth. Enjoy this city-wide, multi-venue, multi-medium, artistic and culinary inspired journey exploring the many facets of beer.

BERRIES, BREWS & BBQ’s
SAT-SUN – Enjoy live entertainment each week from a variety of local bands and artists. Sip on an awesome selection of local brews and ciders while tasting some incredible BBQ, cooked over an open fire pit by our own farm cooks. U-pick strawberries, tractor rides, giant slide and more!

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.

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.

PORTLAND ESCAPE ROOMS
All Month THURS-SUNCedar 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

 

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
· Cars 3
· All Eyez on Me
· Rough Night
· 47 Meters Down
· Pray for Rain
· The Hippopotamus
· Paris Can Wait
· Once Upon a Time in Venice
· Jasmine
· The Book of Henry

Click here for movie times and theaters.

 

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Through Friday, June 16, 2017, enter for a chance to win the $50,000 grand prize to renovate your home. AND we’re giving away 12 weekly prizes of $2,500! Enter up to two times each day at www.LoveYourHomeSweeps.com

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

For a monthly online listing of upcoming Portland metro events, click here.


©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.