Worldwide Visibility: Berkshire Hathaway HomeServices Northwest Real Estate Expands with Global Syndication

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The Berkshire Hathaway HomeServices website has gone international and now features language, currency and measurement translations for prospective buyers both in the U.S. and abroad. Consumers may view domestic listings in 10 different languages for any market serviced by Berkshire Hathaway HomeServices franchisees.

The Berkshire Hathaway HomeServices site presents full MLS data containing all listings serviced by affiliates, including Berkshire Hathaway HomeServices Northwest Real Estate.

To complement this international search platform, Berkshire Hathaway HomeServices is now sending network listings to 70 real estate websites serving consumers in 37 countries on five continents. Most listings priced at $200,000 and above are now appearing on prominent search sites abroad. Through this new syndication channel, it’s possible that leads are already reaching buyers across the globe!

In addition to global syndication, Berkshire Hathaway HomeServices spends tens of thousands of dollars per month to market all listings on international websites. This includes the Wall Street Journal real estate websites in the U.S., Asia, Europe, India, China, and Latin America. For luxury properties over $1,000,000, listings are also featured on MansionGlobal.com.
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This Week in Real Estate: June 13, 2016

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Following speculation that the Federal Reserve would increase the federal fund interest rate in June, the Federal Reserve’s decision not to increase the federal fund interest rate This Week in Real Estate led to the lowest mortgage rates in 3 years. Below are a few highlights from the first full week of June that influence our business:

* CoreLogic HPI Continues to Beat Forecast. The second of the major home price estimates for April was released by CoreLogic on Tuesday and tracks, on an annual basis, closely with the first, released by the National Association of Realtors last month. The CoreLogic Home Price Index (HPI) shows that the price of a home sold in April was up 1.8% from March and rose 6.2% compared with the index in April 2015. NAR’s report on April existing home sales put the April year-over-year gain at 6.3%. The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state. The two Pacific Northwest states were the only ones to post double digit increases. Washington’s HPI rose 10.6% year-over-year while Oregon’s was up 10.3%.
Full Story…  http://www.mortgagenewsdaily.com/06072016_corelogic_hpi.asp

* Rate Hike Coming When Inflation Goes Up. Although the May jobs showed a shockingly low number of jobs added, it is the inflation rate that is keeping the Fed from rising interest rates, Janet Yellen, chair of the Board of Governors of the Federal Reserve System, said Monday. Whereas the jobs report on Friday was disappointing, the overall labor market situation has been positive, Yellen said. “We agree with Yellen that other labor market indicators, such as initial jobless claims, the job openings rate and the voluntary quits rate, suggest that labor market conditions remain robust,” said Capital Economics Chief Economist Paul Ashworth. “My overall assessment is that the current stance of monetary policy is generally appropriate, in that it is providing support to the economy by encouraging further labor market improvement that will help return inflation to 2%,” Yellen said. “At the same time, I continue to think that the federal funds rate will probably need to rise gradually over time to ensure price stability and maximum sustainable employment in the longer run,” she said.
Full Story…  http://www.housingwire.com/articles/37201-yellen-rate-hike-coming-when-inflation-goes-up?eid=322520585&bid=1424649

* U.S. Housing Market Moving Deeper Into Buy Territory. The latest national index produced by Florida Atlantic University and Florida International University faculty indicates the U.S. housing market as a whole is moving deeper into buy territory, suggesting that, on average, residential housing markets around the country are sound. In terms of wealth creation, the U.S. housing market has swung marginally more in favor of home ownership over renting a comparable property and investing monthly rent savings in a portfolio of stocks and bonds. Overall, 16 of the 23 metropolitan markets investigated moved in the direction of buy territory. “This appears to be driven by a steady but strengthening job market, rising rents relative to rising ownership costs and recent slower growth in traditional financial portfolios consisting of stocks and bonds,” said Ken Johnson. Cities such as Honolulu, Kansas City, Los Angeles, Miami, Pittsburgh, Portland, San Diego, San Francisco and Seattle are hovering around what the index’s authors refer to as the “indifference point” between buying versus renting. In almost all of these metro markets, the BH&J Index score for the quarter moved in the direction of ownership.
Full Story…  http://www.fau.edu/newsdesk/articles/housing-market-moving-deeper-into-buy-territory.php

Have a productive week!
Jason

 

Portland Metro Weekend Events Planner: June 9-12, 2016

PORTLAND METRO EVENTS WEEKEND PLANNER
FOR JUNE 9-12, 2016

 

CITY FAIR—FLEET WEEK
Through SUN  Tom McCall Waterfront Park: Fleet Week features ships from the US Navy, US Coast Guard, and Canadian Maritime Forces along the waterfront sea wall, carnival rides, Kids Zone, arts and crafts, a beer garden and much more.

GRAND FLORAL PARADE
SAT  A colorful reflection of local, regional and international communities, the Grand Floral Parade draws hundreds of thousands of cheering viewers of every age, along a 4.2 mile route that winds through city streets and across the river.

DRAGON BOAT RACES
SAT-SUN  Held on the Willamette River near the Hawthorne Bridge, the races feature exciting four-team heats held every nine minutes. More than 80 different teams—local, national and international—compete in boats graciously provided through the Portland-Kaohsiung Sister City Association.

FESTIVAL OF FLOWERS
THURS-FRI  Pioneer Courthouse Square. Each year, the Square works with a local artist or design firm to create a masterpiece of vibrant color utilizing nearly 20,000 flowers and plant material. This year’s design, BE FRIENDLY PDX, was created by the award-winning, local firm—Holst Architecture.

SCANDINAVIAN MIDSUMMER FESTIVAL
SAT  Oaks Park. Portland’s 88th Annual Scandinavian Summer Solstice celebration. Maypole raising, live music, dancing, crafts, food and drink.

VEGAN BEER & FOOD FESTIVAL
SAT  Zidell Yards. Features the top vegan food carts, trucks, vendors and restaurants. The best of the region’s craft beer, wine, ciders, kombucha, cold brew and craft sodas on draft.

QUESTIVAL
FRI  Skate World, Gresham. Questival is a 24-hour adventure race that invites you to build friendships, push yourself, experience your surroundings, and have a whole lot of fun. Your team of 2 to 6 people will do exciting and unpredictable things you never thought possible.

JAW DROPPING COMEDY
Through June 12  This comedic masterpiece spans the entirety of history, with one ordinary American family who lives through it all.

VARIETY SHOW

Through June 18th  Celebrate the 22nd anniversary of The Tony Starlight Show, a combination of song parody, musical impressions & various tributes to iconic artists and pop culture phenomena.

PORTLAND SATURDAY MARKET

SAT-SUN Through DEC  The nation’s largest weekly open-air arts and crafts market. Stroll down row upon row of unique creations made by the people who sell them. Old Town.

DUELING PIANO SHOW

Every FRI & SAT  Since 2010, The Barrel Room lays claim to the longest running dueling piano show in Portland.

URBAN SCAVENGER HUNT

ALL MONTH  Smart phone 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.

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

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. Discount tickets.

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.

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.

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.

VANCOUVER METRO EVENTS

HUMANE SOCIETY DOG WALK

SAT  Hike on the Dike offers food, music, K9 demos, a 2.77 mile walk, a 5k run, or a 10k run along the Columbia River in Washougal, WA to aid the Humane Society.

FARMER’S MARKET

SAT-SUN (through OCT 30)  Vancouver’s Farmer’s Market. Over 250 vendors with fresh and local produce, flowers, plants, baked goods and much more!

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.

BEER & WINE FESTIVAL
FRI-SUN  Esther Short Park. 100+ craft wines, 30 craft beers, craft Bloody Marys, craft cocktails and Washington craft bourbon tastings!

NEW MOVIES OUT THIS WEEK

·         The Conjuring 2
·         Warcraft
·         Now You Seen Me 2
·         Genius
·         Diary of a Chambermaid
·         From Afar
·         De Palma
·         King Jack

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 6, 2016

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Strong consumer spending and the pace of home price appreciation compared to inflation top the headlines This Week in Real Estate. Below are a few highlights from the last week of May that influence our business:

* The 10 Hottest Housing Markets for Millennials Looking to Buy. The National Association of Realtors compiled a list of the top 10 metro areas for young homeowners, analyzing employment gains, population trends, income levels and housing conditions in the largest 100 metropolitan statistical areas across the country. The metros NAR identified were picked for their above-average share of current Millennial residents and recent movers, favorable employment opportunities and relatively low qualifying incomes needed to purchase a home. The top 10 metros include Portland, OR and Seattle, WA.
Full Story…  http://www.housingwire.com/articles/37179-here-are-the-10-hottest-housing-markets-for-millennials-looking-to-buy?eid=322520585&bid=1422579

* Case-Shiller: Home Prices Rising Twice as Fast as Inflation. Average home prices for the top 10 metropolitan areas is up by 5.1%, and up 5.7% in the top 20 metropolitan areas. Monthly, these three rose by a seasonally adjusted 0.5%, 0.8% and 0.7% respectively. “Home prices continue to climb at more than twice the rate of inflation,” says David Blitzer, Index Committee at S&P Dow Jones Indices managing director and chairman. “The recovery of the sale and construction of new homes has lagged the gains seen in existing home sales,” Blitzer said. “This may be starting to change: starts of single family homes in February were the highest since November 2007. The single family home share of total housing starts was 70% in February, up from a low of 57% in June 2015, and approaching the 75%-80% range seen before the housing crisis.”  Whereas the western U.S. saw large home price increases, the northeast saw the lowest increases.
Full Story…  http://www.housingwire.com/articles/37143-case-shiller-home-prices-rising-twice-as-fast-as-inflation?eid=322520585&bid=1419362

* U.S. Consumer Spending Increase Strongest in Over Six Years. U.S. consumer spending recorded its biggest increase in more than six years in April as households stepped up purchases of automobiles, suggesting an acceleration in economic growth that could persuade the Federal Reserve to raise interest rates soon. The Commerce Department said consumer spending, which accounts for more than two-thirds of U.S. economic activity, surged 1.0 percent last month as households bought a range of goods and services. Last month’s increase was the largest since August 2009. “Consumer spending will continue to lead economic growth in 2016, as more jobs, rising wages and houses prices give households more money to spend,” said Gus Faucher, deputy chief economist at PNC Financial.
Full Story…  http://www.reuters.com/article/us-usa-economy-idUSKCN0YM1HC?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

* U.S. Houses Are Still Getting Bigger. The median size of a new single-family house was 2,467 square feet last year, the biggest on record, according to Census Bureau data out this week. With all that floor space, homes are 61% larger than the median from 40 years earlier and 11% larger than a decade earlier. American homes have not only been getting larger, they’re also including more bathrooms and amenities such as air conditioning. Some 93% of new houses had air conditioning in 2015 compared with 46% in 1975. About 96% of new homes last year had at least two bathrooms versus 60% four decades earlier. The median sales price of a new home was $296,400 last year, according to Census, a new high. Even when adjusted for inflation, new-home prices hit a record last year.
Full Story…  http://blogs.wsj.com/economics/2016/06/02/u-s-houses-are-still-getting-bigger/
Have a productive week!
Jason

 

Portland Metro Weekend Events: June 3-5, 2016

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PORTLAND METRO EVENTS WEEKEND PLANNER
FOR JUNE 3-5, 2016

CITY FAIR

Through June 12  Tom McCall Waterfront Park. The second weekend of CityFair is jam-packed with live music, along with A Walk on the Wild Side exotic animals, arts and crafts in the Kids Zone, and cool artifacts in the Rose Festival Museum – all FREE with CityFair admission.

GREEN LIVING FAIR

SAT-SUN  Learn about sustainable lifestyles, renewable energy, organic gardening, small-scale farming, and green construction at Mother Earth News Fair in Albany.

COMEDY FESTIVAL

WED-SUN  Bridgetown Comedy Festival showcases hilarious local and nationally known comedians in bars and theaters in the East Burnside area.

BUDDHIST FESTIVAL

SAT  Hear 108 bells ring at noon to open the Portland Buddhist Festival, which features workshops, speakers, singing, dance, and a kids’ area at Colonel Summers Park. Free.

USED BOOK FAIR

Through June 12  DoubleTree Hotel at Lloyd Center. Browse thousands of independent booksellers’ books at the Rose City Book & Paper Fair. $3 admission.

BERRIES, BREWS & BBQs

Weekends Through June 19  Enjoy strawberries, craft beer and wine, live music, hayrides, and farm animals at Berries, Brews & BBQs at French Prairie Gardens in St. Paul. 32 miles south of Portland.

METEORITE & FAMILY FUN DAY

SAT  Meteorite and Family Fun Day includes cutting open geodes, kids’ games, scavenger hunts, and talks by a meteorite expert at the Rice Northwest Museum of Rocks and Minerals in Hillsboro.

KID’S RODEO

SAT-SUN  Watch children perform barrel racing, goat tying, bareback and saddle bronc riding, tie-down roping, calf riding, and more at the Youth Rodeo. Free.

MODERN HOME TOUR
SAT  Various Portland Locations. Tour eight of Portland’s most modern homes.

SCRAPBOOKING CONVENTION
FRI-SAT  Oregon Convention Center. Learn new scrapbooking techniques at one of the many classes that will be taught at this year’s scrapbook convention.

AFRO-CARIBBEAN BAND

FRI  Grammy-nominated Afro-Caribbean music group Tiempo Libre plays “dance music of sophistication and abandon” at Newmark Theatre. Discount tickets $16.

STARLIGHT PARADE & RUN

SAT  Join 325,000 spectators at the 8:30 p.m. Starlight Parade, or wear a costume and run past them in the Starlight Run 5K that begins at Lincoln High School track.

JAW DROPPING COMEDY
Through June 12  This comedic masterpiece spans the entirety of history, with one ordinary American family who lives through it all.

VARIETY SHOW

Through June 18th  Celebrate the 22nd anniversary of The Tony Starlight Show, a combination of song parody, musical impressions & various tributes to iconic artists and pop culture phenomena.

PORTLAND SATURDAY MARKET

SAT-SUN Through DEC  The nation’s largest weekly open-air arts and crafts market. Stroll down row upon row of unique creations made by the people who sell them. Old Town.

DUELING PIANO SHOW

Every FRI & SAT  Since 2010, The Barrel Room lays claim to the longest running dueling piano show in Portland.

URBAN SCAVENGER HUNT

ALL MONTH  Smart phone 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.

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

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. Discount tickets.

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.

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.

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.

VANCOUVER METRO EVENTS

HUMANE SOCIETY DOG WALK

SAT  Hike on the Dike offers food, music, K9 demos, a 2.77 mile walk, a 5k run, or a 10k run along the Columbia River in Washougal, WA to aid the Humane Society.

FARMER’S MARKET

SAT-SUN (through OCT 30)  Vancouver’s Farmer’s Market. Over 250 vendors with fresh and local produce, flowers, plants, baked goods and much more!

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.

RACE FOR THE KIDS

SAT  5K & 10K run. All proceeds will benefit the Teach One to Lead One community mentoring program in Clark County that leads students into a life of purpose and potential at four local public schools. Esther Short Park.

NEW MOVIES OUT THIS WEEK

·         Approaching the Unknown
·         Adron
·         Teenage Mutant Ninja Turtles
·         Me Before You
·         Popstar
·         The Final Master
·         Urge

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: May 31, 2016

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Analysis of April results were reported This Week in Real Estate finding new home sales, pending home sales and prices registered significant increases. Below are a few highlights from the fourth week of May that influence our business:

* Pending Home Sales Surge to 10-Year High. Pending home sales reached their highest level in over a decade in April, according to the National Association of Realtors. All major regions saw gains in contract activity last month except for the Midwest, which saw a meager decline. The Pending Home Sales Index (PHSI), a forward-looking indicator based on contract signings, hiked up 5.1 percent to 116.3 in April from an upwardly revised 110.7 in March and is now 4.6 percent above April 2015 (111.2). After last month’s gain, the index has now increased year-over-year for 20 consecutive months. Following the housing market’s best first quarter of existing-sales since 2007 and a decent increase in April, Lawrence Yun, NAR chief economist, expects sales this year to climb above earlier estimates and be around 5.41 million, a 3 percent boost from 2015. The PHSI in the West soared 11.4 percent in April to 106.2, and is now 2.8 percent above a year ago.
Full Story…  http://www.realtor.org/news-releases/2016/05/pending-home-sales-lift-off-in-april-to-over-10-year-high

* New Home Sales Roar Back, Crushing Forecasts With a 619,000 Annual Pace in April. Sales of new homes surged in April, a sign that builders are stepping up as demand for housing remains robust. Sales soared 16.6% to a seasonally adjusted annual rate of 619,000 the Commerce Department said Tuesday. That was the biggest monthly jump in 24 years and trounced estimates of a 525,000 pace. The median price also jumped, rising 9.7% from 12 months ago to $321,100. Sales so far in 2016 have averaged a 553,500 annual pace, 10% higher than the 503,000 notched in 2015. Regional performance was mixed, from a 52.8% surge in the Northeast to a 4.8% decline in the Midwest. The south saw a 15.8% increase, while in the West sales were up 18.8%.
Full Story…  http://www.marketwatch.com/story/new-home-sales-roar-back-crushing-forecasts-with-a-619000-annual-pace-in-april-2016-05-24

* Home Prices Heat Up In Sun Belt, Pacific Northwest. Home prices rose 5.7% in the first quarter compared to the same period a year ago, driven by growth in areas battered by the housing bust and in the hard-charging economies of the Northwest. It was the 19th quarter of price increases for the Federal Housing Finance Agency’s index, which tracks purchases of homes with mortgages backed by Fannie Mae or Freddie Mac. Prices were up in all states and the District of Columbia in the first quarter compared to the same period a year ago, but there was a big gap between the biggest price appreciations and the lowest. Oregon (11.77%) and Washington (10.93%) respectively rank #1 and #3 in the country in year-over-year price appreciation. Seattle (15.39%) and Portland (13.69%) respectively rank #2 and #4 among all metro areas in the country in year-over-year price appreciation.
Full Story…   http://www.marketwatch.com/story/home-prices-heat-up-in-sun-belt-pacific-northwest-2016-05-25

* Foreclosure Starts Hit 10-Year Low. There were fewer foreclosure proceedings initiated during the month of April than in any month in the last 10 years, a new report from Black Knight Financial Services shows. According to Black Knight’s “First Look” at April’s mortgage performance data, there were 58,700 foreclosure starts in April 2016, which is the lowest number of foreclosure starts since April 2006. Black Knight’s report showed that foreclosure starts declined by 19.37% from March to April. Foreclosure starts were also down 16.62% from April 2015.
Full Story…  http://www.housingwire.com/articles/37105-black-knight-foreclosure-starts-hit-10-year-low?eid=322520585&bid=1413888

Have a productive week!
Jason

 

Portland Metro Weekend Events, May 27-29, 2016

Happy like children
PORTLAND METRO EVENTS WEEKEND PLANNER
FOR MAY 27-29, 2016

ROSE FESTIVAL’S CITY FAIR

Through June 12  Tom McCall Waterfront Park. Carnival rides, Kid’s Zone, arts and crafts, beer garden and much more. Enjoy fireworks & live music on the opening night.

MULTNOMAH COUNTY FAIR
SAT  Oaks Park. 110th Annual Multnomah County Fair. Free gate admission and free parking! Exotic animals, thrill rides, 4-H animal shows, flower show, sewing demonstration, camel rides, and more!

JAW DROPPING COMEDY
Through June 12  This comedic masterpiece spans the entirety of history, with one ordinary American family who lives through it all.

MEMORIAL WEEKEND IN WINE COUNTRY
SAT-MON  This Weekend in Wine Country is a chance to visit some of the region’s smallest producers that are rarely open to the public. Don’t miss out on the stunning views and special offers available during this weekend celebration!

BOAT RACES
SAT  Rogers Landing Park. This 68th annual high speed boat race is happening on the Willamette River in Newberg. Bleacher seating available.

VARIETY SHOW

Through June 18th  Celebrate the 22nd anniversary of The Tony Starlight Show, a combination of song parody, musical impressions & various tributes to about iconic artists and pop culture phenomena.

PORTLAND SATURDAY MARKET

SAT-SUN Through DEC  The nation’s largest weekly open-air arts and crafts market. Stroll down row upon row of unique creations made by the people who sell them. Old Town.

INDEPENDENT FILM FESTIVAL

Through May 26th  Portland Art Museum. The Film Center’s Northwest Tracking program showcases the work of independent filmmakers living and working in the Northwest whose work reflects the vibrant cinematic culture of the region.

DUELING PIANO SHOW

Every FRI & SAT  Since 2010, The Barrel Room lays claim to the longest running dueling piano show in Portland.

URBAN SCAVENGER HUNT

ALL MONTH  Smart phone 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.

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

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. Discount tickets.

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.

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.

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.

VANCOUVER METRO EVENTS

RUN TO REMEMBER

SAT  Downtown Washougal. Honor the brave men and women of our Armed Forces and remember those who have given the ultimate sacrifice fighting for our freedom. This Memorial Day Mile and 5k/10k running and walking event will benefit Battle Buddies, an organization that provides service dogs for veterans.

THE MAGIC OF G.G. GREEN
SAT  Dave’s Killer Magic Shop—one of the world’s most sought after magical entertainers. His experience, dedication to each performance, and professionalism are what set G.G. Green apart.

FARMER’S MARKET

SAT-SUN (through OCT 30)  Vancouver’s Farmer’s Market. Over 250 vendors with fresh and local produce, flowers, plants, baked goods and much more!

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

·         Alice Through the Looking Glass
·         X-Men: Apocalypse
·         Teenage Mutant Ninja Turtles
·         The Idol
·         The Trust
·         Adron
·         The One Below

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: May 23, 2016

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New construction, average time to close and cash sales top the headlines This Week in Real Estate. Below are a few highlights from the third week of May that influence our business:

* Strong Housing Market Helps Reduce Lingering Foreclosure Inventory. A little less than 20,000 residential properties in the foreclosure process lie vacant (zombies), representing 4.7% of all foreclosures, according to the Q2 2016 U.S. Residential Property Vacancy and Zombie Foreclosure Report by housing data provider RealtyTrac. Currently, 19,187 properties are undergoing zombie foreclosures, a decrease of 3.1% from last month. “Lenders have been taking advantage of the strong seller’s market to dispose of lingering foreclosure inventory over the past year, evidenced by 12 consecutive months of increasing bank repossessions ending in February and now evidenced by these numbers showing a sharp drop in vacant zombie foreclosures compared to a year ago,” RealtyTrac senior vice president Daren Blomquist said. Among states with at least 100 zombie foreclosures, these are the states with the highest zombie foreclosure rates: Oregon (11.8%), Indiana (9.5%), Kentucky (8%), Maryland (7.2%) and Washington (6.6%).
Full Story…  http://www.housingwire.com/articles/37068-strong-housing-market-helps-reduce-lingering-foreclosure-inventory?eid=322520585&bid=1409482

* Time to Close a Loan Settles at 44 Days For The Second Month. For the second month in a row, the time to close all loans remained steady at 44 days in April, as lenders fall into a routine in the post-TRID environment, the latest Origination Insight Report from Ellie Mae found. As a refresher, this is the shortest time to close since March 2015 and is down two days from February, when the time to close fell to 46 days. Broken up, the average time to close a purchase also remained steady at 45 days in April, while the time to close a refinance increased to 44 days in April, up from 41 days in March.
Full Story…  http://www.housingwire.com/articles/37080-time-to-close-a-loan-settles-at-44-days-for-the-second-month?eid=322520585&bid=1410681

* U.S. Home Construction Rebounds in April. Construction on new houses rebounded in April after a sharp did in the prior month, but a slowdown in building permits suggest work on new properties could taper off from last year’s double-digit pace. Housing starts climbed 6.6% last month to an annual pace of 1.17 million, the Commerce Department said Tuesday. In March, starts were revised to a 1.1 million rate. Housing has been one of the economy’s strongest sectors of growth over the past few years, but sales and construction are not growing as fast in early 2016 as they did in 2015. Permits for new construction, a sign of future demand, might offer another clue. They rose slightly to an annual rate of 1.12 million in April, but they are running 5.3% below year-ago levels. In April, new construction sped up in the Midwest and South and declined in the Northeast and West, the government said.
Full Story…  http://www.marketwatch.com/story/us-housing-starts-climb-66-in-april-2016-05-17

* Cash Sales on Pace to Fall to 8-Year Low. The share of homes bought in cash is on pace to hit an eight-year low after the first two months of the year saw the smallest portion of homes purchased in cash in the same time period since 2008, a new report from CoreLogic shows. According to CoreLogic’s Report, for the first two months of 2016, the cash sales share averaged 35.6%, the lowest start to any year since 2008. For perspective, the cash sales share peaked in January 2011 when cash transactions accounted for 46.6% of total home sales nationally. According to CoreLogic’s report, prior to the housing crisis, the cash sales share of total home sales averaged approximately 25%. In its report, CoreLogic states that if the cash sales share continues to fall at the same rate it did in February 2016, the share should fall back to the pre-crisis average by mid-2018. 24% of total sales were cash sales in Washington through the first 2 months of 2016, while 31% of total sales were cash sales in Oregon during the same time period.
Full Story…  http://www.housingwire.com/articles/37075-corelogic-cash-sales-on-pace-to-fall-to-8-year-low?eid=322520585&bid=1410546
Have a productive week!
Jason

 

Portland Metro Weekend Events: May 20-22, 2016

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PORTLAND METRO EVENTS WEEKEND PLANNER
FOR MAY 20-22, 2016

 

MT. TABOR ART WALK

SAT-SUN  Visit local artists in the Mt Tabor neighborhood. FREE.

INTIMATE ILLUSIONS MAGIC SHOW

SAT-SUN  Embassy Suites Downtown: Bringing in a fresh set of illusions, you are certain to see something you’ve never seen before. Cocktail attire requested, for ages 12 and over.

PIONEER FAMILY FESTIVAL
FRI-SUN  Enjoy carnival rides, a teddy bear parade, skating, paint ball range, rock wall, music, great food, and much more!

INTERNATIONAL YOUTH SILENT FILM FESTIVAL

MON-WED  Opens with screenings of the top films entered in this year’s Pacific Northwest Regional competition.

RUM RUN

SAT  Big Al’s, Beaverton. This festive 5k/10k race will transport you to the islands with a tiki torch lined finish, Caribbean music, and of course the “Rum Garden” after party!

DANCE SHOW

SAT-SUN  Join us for an evening of new work. We’re excited to present our sixth annual X-POSED! show, exhibiting original choreography featuring raw productions and experimental works in process, pushing the envelope through unconventional movement with an inquisitive approach to the creative process.

VARIETY SHOW

Through June 18th  Celebrate the 22nd anniversary of The Tony Starlight Show, a combination of song parody, musical impressions & various tributes to about iconic artists and pop culture phenomena.

PORTLAND SATURDAY MARKET

SAT-SUN Through DEC  The nation’s largest weekly open-air arts and crafts market. Stroll down row upon row of unique creations made by the people who sell them. Old Town.

INDEPENDENT FILM FESTIVAL

Through May 26th  Portland Art Museum. The Film Center’s Northwest Tracking program showcases the work of independent filmmakers living and working in the Northwest whose work reflects the vibrant cinematic culture of the region.

DUELING PIANO SHOW

Every FRI & SAT  Since 2010, The Barrel Room lays claim to the longest running dueling piano show in Portland.

URBAN SCAVENGER HUNT

ALL MONTH  Smart phone 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.

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

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. Discount tickets.

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.

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.

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.

VANCOUVER METRO EVENTS

ERUPTION ANNIVERSARY CELEBRATION

SAT  Loowit Brewing. Celebrate the 36th anniversary of the Mount St. Helens Eruption and the 20th anniversary of the Mount St. Helens Institute. A portion of the night’s proceeds will be donated to the Mount St. Helens Institute, so come out and help us make it a great night!

DOZER DAY 2016

SAT-SUN  Clark County Event Center at the Fairgrounds. Put kids in the driver’s seat of real, heavy construction equipment, fire engines, an ambulance and much more while educating them about building sustainable communities, industry opportunities and public safety.

FARMER’S MARKET

SAT-SUN (through OCT 30)  Vancouver’s Farmer’s Market. Over 250 vendors with fresh and local produce, flowers, plants, baked goods and much more!

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

·         Angry Birds
·         Neighbors 2: Sorority Rising
·         The Nice Guys
·         Almost Holy
·         Back in the Day
·         Hard Sell
·         MaMa
·         Maggie’s Plan
·         Manhattan Night
·         Weiner

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

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


15 Design Features that Sell Homes

Top15FeaturesToSell

 

Over 2 million listings were screened (sold between 2014–2016), with keywords pulled for the home features that greatly influenced short listing times and above-average sale prices.

Here are the top 15 design features:
Heated floors
Percent of homes that sell for above expected values: 4.3%
How many days faster than expected the home sells: 28
Craftsman-style home
Percent of homes that sell for above expected values: 5.4%
How many days faster than expected the home sells: 14
Outdoor kitchen
Percent of homes that sell for above expected values: 3.7%
How many days faster than expected the home sells: 19
Tankless water heater
Percent of homes that sell for above expected values: 4%
How many days faster than expected the home sells: 43
Kitchen backsplash
Percent of homes that sell for above expected values: 4.1%
How many days faster than expected the home sells: 46
Granite countertops
Percent of homes that sell for above expected values: 4.1%
How many days faster than expected the home sells: 38
Stainless steel
Percent of homes that sell for above expected values: 4.2%
How many days faster than expected the home sells: 42
Frameless shower
Percent of homes that sell for above expected values: 4.6%
How many days faster than expected the home sells: 38
Pendant lights
Percent of homes that sell for above expected values: 4.6%
How many days faster than expected the home sells: 48
Exposed brick
Percent of homes that sell for above expected values: 4.9%
How many days faster than expected the home sells: 36
Quartz countertops
Percent of homes that sell for above expected values: 6.0%
How many days faster than expected the home sells: 50
Subway tiles
Percent of homes that sell for above expected values: 6.9%
How many days faster than expected the home sells: 63
Shaker cabinets
Percent of homes that sell for above expected values: 9.6%
How many days faster than expected the home sells: 45
Farmhouse sink
Percent of homes that sell for above expected values: 7.9%
How many days faster than expected the home sells: 58
Barn-style doors
Percent of homes that sell for above expected values: 13.4%
How many days faster than expected the home sells: 57

Top15FeaturesToSell[1]

 

 

 

 


©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.