Portland Metro Events Planner: Aug. 19-21, 2016

odysseo
PORTLAND METRO EVENTS WEEKEND PLANNER
FOR AUGUST 19-21, 2016

 

ODYSSEO
Through August 28 – Larger than life horse show marrying the equestrian arts, stage arts and high tech theatrical effects at never-before-seen levels.

BANKS BBQ TRUCK & TRACTOR PULL
FRI-SUN – This fun-filled weekend starts off with a Texas Hold’em tournament Friday evening, pancake breakfast on Saturday and Sunday, car show, tractor & truck pull, parade, live music and so much more.

DOLL & TEDDY BEAR SHOW
SAT – The sales floor will be filled with fine exhibitors that will be showing dolls, bears, miniatures, supplies, books, and accessories from antique to modern. Enjoy a great selection of dealers with wigs, clothes, and supplies—be sure to bring any doll or teddy bear that needs to be repaired or embellished.

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

SUNDAY PARKWAYS 2016
SUN – Spend a warm summer day walking, strolling, and rolling around the Southeast Sunday Parkways. This route will take you on a tour of Laurelhurst, Sewallcrest, Colonel Summers and Ivon Parks to grab a bite to eat, listen to tunes, and join some activities.

PORTLAND SPIRIT SUMMER CONCERT SERIES
Fridays through Sept 30 – Start the weekend early with a one-of-a-kind summer concert cruise series featuring a different local band every week! Includes a two-hour cruise and live entertainment. Bistro style menu and beverages from our full service bars available for purchase on board.

TONY STARLIGHT SHOWROOM
Through Sept 16 – Portland’s premiere dinner and show venue and is the closest thing to a Vegas show in Portland. A truly memorable dinner and show experience, one that you will want to share with friends and family.

FLICKS ON THE BRICKS

Through FRI August 19 – Pioneer Courthouse Square transforms into Portland’s largest outdoor movie theater for the entire community to enjoy!

BETTE & JOAN
Through August 28 – A film festival starring two famous stars that carried on a bitter feud throughout their careers, which became fodder for unending gossip and legendary Hollywood lore.

TOP DOWN: ROOFTOP CINEMA
Through August 25 – Join us atop the Hotel deLuxe’s parking structure at SW 15th and Yamhill for our 12th annual program of cinema under the stars.

CONCERTS IN THE PARK
Through August 28 – Pack a picnic dinner or dine with our vendors, bring a blanket or chairs, and spend time with family and friends at a live outdoor concert performance.

MOVIES IN THE PARK
Through September 10 – Pre-movie entertainment begins at 6:30 PM, including live performances by local musicians and free popcorn. Bring jackets or extra blankets, as it gets chilly when the sun goes down!

OREGON ZOO SUMMER CONCERTS
Through September 11  Oregon’s “wildest” outdoor concert series celebrates 37 years of bringing you world-class artists for a night of music and nature. It wouldn’t be summer in Oregon without an evening of great music at the zoo!

PORTLAND SATURDAY MARKET
SAT-SUN through December – 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 in Old Town.

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.

VANCOUVER METRO EVENTS

COLUMBIA RIVER TRIATHLON & FESTIVAL
FRI-SUN – There’s something for everyone at this festival—a triathlon, duathlon, aquabike, women’s triathlon/duathlon/aquabike, 5k & 10k runs, kid’s triathlon and so much more! Enjoy the scenic views of the Columbia River, Mt. Hood, Mt. St. Helens and Vancouver Lake.

COLUMBIA RIVER FALL SALMON DERBY
SAT – Over $10,000 in cash…and a chance to win prizes. Every derby entrant, young & older, will be automatically entered for a chance to win the 2016 Salmon Derby Series Hewscraft, valued at $85,000!

FARMER’S MARKET – DOWNTOWN
SAT-SUN (through October 30)  Vancouver’s Farmer’s Market. Over 250 vendors with fresh and local produce, flowers, plants, baked goods and much more at 6th & Ester in downtown Vancouver.

FARMERS MARKET – COLUMBIA TECH CENTER
Thursdays Through September 1st – Over 250 vendors with fresh and local produce, flowers, plants, baked goods and much more.

OPEN SATURDAYS AT PEARSON AIRBASE
EVERY 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

·         Kubo
·         Ben-Her
·         War Dogs
·         A Tale of Love and Darkness
·         Morris from America
·         Lo and Behold
·         The People vs. Fritz Bauer
·         Kingsglaive

Click here for movie times and theatres.

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

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


Carpet vs. Wood Flooring: Should you Update Old Flooring when Selling?

 

What type of flooring provides the best ROI (return on investment) when selling your home?

 
Sanding and refinishing your existing hardwood floors is almost always your best investment.
If you have hardwood floors, great—hardwood sells and gives value to your home. If you have hardwood floors that are beaten up, your first consideration should be to refinish them. Most real estate agents anecdotally report that you will get your investment back threefold on this.
With refinishing hardwoods, you have the option of changing the color. Lighter colors make the space look larger and more airy and informal; darker colors are more dramatic and give the home a more formal and sophisticated look. Satin finish is usually the preferred sheen and tends to show the scratches less than a semi-gloss finish.
If you have hardwood underneath your carpet, by all means, rip up those carpets and refinish the hardwood…you have just found a gold mine. Hardwood sells; very few customers want carpet.

Add hardwood flooring to key rooms, if you can afford it.
Most homeowners strongly prefer hardwood for the main living space, common areas and the master bedroom. If you have hardwood in those areas, you are set; if you don’t, you may want to consider investing in hardwood for those areas. You will definitely get back that return on investment—probably at least twofold.

If your carpets are dirty, it’s best to replace them.  
Replacing the carpeting will not improve your selling value; rather, it will allow you to capture the potential selling price of your home. It will sell faster, appeal to more buyers; or said differently, it will prevent buyers from being turned off by your home. You will most likely just break even with this investment.

Kitchens are tricky and it’s best to consult your agent for opinions.  
We have all heard that kitchens and bathrooms sell. However, kitchens are usually the most expensive area of the home, and a full kitchen remodel will only give you about a 70% return on your investment. This is why it’s usually better to invest in your kitchen if you are planning to stay put for a while.
If your kitchen is out of date, however, you should consider your options. Sometimes it is not worth doing anything because the next homeowner will completely gut and redo the whole kitchen. So why invest more money? Other times, it is worth it to make some minor enhancements to either eliminate an eyesore or bring it up to an acceptable level.


This Week in Real Estate: Aug. 15, 2016

image001
Increases are the theme This Week in Real Estate; among them—homebuyer confidence, mortgage credit availability and prices. Below are a few highlights from the second week of August that influence our business:

* Home-Price Gains Continue to Rise. Home prices maintained their robust, upward trajectory in a vast majority of metro areas during the second quarter, causing affordability to slightly decline despite mortgage rates hovering at lows not seen in over three years, according to the latest quarterly report by NAR. The median existing single-family home price increased in 83% of measured markets. There were slightly fewer rising markets in the second quarter compared to the first three months of this year, when price gains were recorded in 87% of metro areas. Twenty-five metro areas in the second quarter experienced double-digit increases – a small decrease from the 28 metro areas in the first quarter. A year ago, 34 metro areas experienced double-digit price gains. The median existing single-family home price in the West increased 6.5 percent to $346,500 in the second quarter from the second quarter of 2015.
Full Story…  http://www.realtor.org/news-releases/2016/08/home-price-gains-unfettered-in-most-metro-areas-during-second-quarter

* Homebuyer Confidence Rises in July. Home purchase sentiment reached an all-time survey high in July, an indication that Americans are feeling more upbeat about the housing market, according to Fannie Mae. Fanne Mae’s Home Purchase Sentiment Index (HPSI) increased 3.3 points to 86.5 in July. Each of the index’s six components – including selling outlook and personal finances – also rose last month. The share of consumers who said they would buy if they were going to move climbed to 67 percent, while the share of consumers who said they would rent dropped to 26 percent, an all-time survey low. “One interesting potential bright note for housing in the July survey is that younger households may finally be shifting toward buying rather than renting in greater numbers,” said Doug Duncan, senior vice president and chief economist at Fannie Mae.
Full Story…  http://www.fanniemae.com/portal/about-us/media/corporate-news/2016/6423.html

* Mortgage Credit Availability Increases in July. Mortgage credit availability increased in July according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA). The MCAI increased 1.0 percent to 165.3 in July. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. The index was benchmarked to 100 in March 2012. Of the four component indices, the Jumbo and Government MCAIs saw the greatest increase in availability (both up 1.3 percent) over the month followed by the Conventional MCAI (up 0.7 percent), and the Conforming MCAI (up 0.1 percent).
Full Story…  https://www.mba.org/2016-press-releases/august/mortgage-credit-availability-increases-in-july

* Foreclosure Inventory Finally Back to Housing-Boom Levels. The foreclosure inventory declined by 25.9 percent and completed foreclosures declined by 4.9 percent compared with June 2015, according to CoreLogic’s recently released June 2016 National Foreclosure Report. The number of completed foreclosures nationwide decreased year-over-year from 40,000 in June 2015 to 38,000 in June 2016, representing a decrease of 67.5 percent from the peak of 117,835 in September 2010. The June 2016 foreclosure inventory rate is the lowest for any month since August 2007. “The impact of the inexorable reduction over the past several years in both foreclosure trends and serious delinquencies is driving the long-awaited return to more historic norms for the U.S. housing market,” says Anand Nallathambi, president and CEO of CoreLogic.
Full Story…  http://www.housingwire.com/articles/37739-corelogic-foreclosure-inventory-finally-hits-historic-norm?eid=322520585&bid=1492394

Have a productive week!
Jason
 

Portland Metro Weekend Events: Aug. 12-14, 2016

Beloved Festival Oregon
PORTLAND METRO EVENTS WEEKEND PLANNER
FOR AUGUST 14-16, 2016

 

BELOVED MUSIC FESTIVAL

FRI-MONBeloved Festival is an outdoor sacred art and music festival with dozens of acts, yoga and qigong workshops, organic food vendors and camping in Tidewater, OR.

ODYSSEO
Through August 20th – Larger than life horse show marrying the equestrian arts, stage arts and high tech theatrical effects at never-before-seen levels.

BITE OF OREGON
FRI-SUN – From coast to Cascades to canyons, the Bite of Oregon is a stunning celebration of Oregon, its food, its people and its extraordinary quality of life. Come join the fun at the best summer party on the Portland waterfront!

ELEPHANT GARLIC FESTIVAL
FRI-SUN – This festival includes a parade, 10k/5k run, live music, kids fun zone, car show, and great-tasting garlic food & beer.

WILLAMETTE COUNTRY MUSIC FESTIVAL
FRI-SUN – The Northwest’s premier outdoor country music festival. Enjoy three days of music from amazing country performers!

WARPED TOUR
August 13th – Hear 90 bands play alternative rock, pop-punk, hip-hop, electronica, and hardcore.

NW FOSSIL FESTIVAL
August 13thOutdoor festival with exhibits and lectures on fossils.

BRIDGE PETAL
August 14thCelebrate cycling in Portland and the Willamette River bridges. Join your family and friends in biking over Portland’s bridges, including the car-free upper decks of the Fremont and Marquam bridges.

FLICKS ON THE BRICKS
Through August 19th – Pioneer Courthouse Square transforms into Portland’s largest outdoor movie theater for the entire community to enjoy!

ART IN THE DARK
Through SUN August 14th – Fantastical, illuminated, full-length, evening production set in a unique and rare outdoor theater style setting. Transforming a dirt plot into a performance spot, each show is packed with the flavor of the Northwest and a wonderful taste of the talent this area has to offer!

CHITTY CHITTY BANG BANG
Through SUN August 14 – Based on the beloved 1968 film version of Ian Fleming’s children’s book, and featuring an unforgettable score by the Sherman Brothers, Chitty Chitty Bang Bang is one family friendly blockbuster that audiences will find “Truly Scrumptious”.

BETTE & JOAN
Through August 28 – A film festival starring two famous stars that carried on a bitter feud throughout their careers, which became fodder for unending gossip and legendary Hollywood lore.

TOP DOWN: ROOFTOP CINEMA
Through August 25 – Join us atop the Hotel deLuxe’s parking structure at SW 15th and Yamhill for our 12th annual program of cinema under the stars.

CONCERTS IN THE PARK
Through August 28 – Pack a picnic dinner or dine with our vendors, bring a blanket or chairs, and spend time with family and friends at a live outdoor concert performance.

MOVIES IN THE PARK
Through September 10 – Pre-movie entertainment begins at 6:30 PM, including live performances by local musicians and free popcorn. Bring jackets or extra blankets, as it gets chilly when the sun goes down!

OREGON ZOO SUMMER CONCERTS
Through September 11  Oregon’s “wildest” outdoor concert series celebrates 37 years of bringing you world-class artists for a night of music and nature. It wouldn’t be summer in Oregon without an evening of great music at the zoo!

PORTLAND SATURDAY MARKET
SAT-SUN through December – 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 in Old Town.

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.

VANCOUVER METRO EVENTS

VANCOUVER BREWFEST
FRI-SUNSpend the weekend sampling beers, cider, mead, and wine while listening to live music, shopping and playing beer pong. All while raising money for two local charities—Northwest Battle Buddies and Second Chance Companions.

CLARK COUNTY FAIR
Through SUN August 14 – This year’s County Fair is sure to provide you and your family endless entertainment and excitement. We have free grandstand entertainment and concerts for plenty of family fun.

RIVERVIEW SIX TO SUNSET CONCERT SERIES
Thursdays Through August 11th  Celebrate summer on Thursday evenings while listening to our fantastic bands play the sun down.

FARMER’S MARKET – DOWNTOWN
SAT-SUN (through October 30)  Vancouver’s Farmer’s Market. Over 250 vendors with fresh and local produce, flowers, plants, baked goods and much more at 6th & Ester in downtown Vancouver.

FARMERS MARKET – COLUMBIA TECH CENTER
Thursdays Through September 1st – Over 250 vendors with fresh and local produce, flowers, plants, baked goods and much more.

OPEN SATURDAYS AT PEARSON AIRBASE
EVERY 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

·         Pete’s Dragon
·         Florence Foster Jenkins
·         Sausage Party
·         Anthropoid
·         Operation Chromite
·         Edge of Winter
·         Ghost Team

Click here for movie times and theatres.

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

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


2nd Quarter Chairman’s Report 2016

We are happy to announce the 2nd Quarter Chairman’s Report for 2016 is now available to read online. Discover where the real estate market is headed and review 2nd Quarter Market Stats for the Portland Metro and SW Washington. Special thanks to our Chairman, Bert Waugh, Jr.


10 Restaurants in Oregon You Need to Try Immediately

 

The state of Oregon is known for its mountains, forests, beaches and farms. But it’s also known for its eclectic food scene, one of the most unique in the country. Wherever you are in the state and whatever you’re in the mood for, we’ve got you covered. Here are ten of the best restaurants in Oregon along with their corresponding cities.

10. Tasty n Alder – Portland


Located in Downtown Portland, Tasty n Adler features dishes from all around the world. There is so much cultural influence in everything on the menu, including apple brined pork chops, grilled octopus, Peking duck a la plancha, foie gras with pineapple jam, and Spanish boquerones with shaved fennel.

 

9. Hole in the Wall BBQ – Eugene

Lunner date with bae 💀

A photo posted by aryan rahmati (@aryannilorahmati) on

Hole in the Wall BBQ does authentic slow-smoked barbecue like no one else. In addition to all your favorite carnivorous staples, the side dishes are noteworthy as well; cheesy Texas potatoes, Southern fried okra and Grandma’s tangy coleslaw. There’s also a second location in Springfield!

 

8. River’s Edge – Grants Pass

A photo posted by @tiffanyyyrose on

Regardless of where you’re sitting while dining at River’s Edge, you’ll have a view of the river. The scenery is rivaled only by the restaurant’s food, with dishes like fresh Alaskan halibut, a pear salad with goat cheese and candied hazelnuts, New Zealand all-natural lamb rack, and a tiramisu layered with Kailua whipped cream and espresso soaked lady fingers.

 

7. Amuse Restaurant – Ashland

B to the L to the T

A photo posted by @amuserestaurant on

Amuse Restaurant proudly uses organic, seasonal meat and produce in every dish, and you can taste the difference that makes. The menu is always fresh and always delicious, including charcoal-grilled Cedar River ribeye, truffle roasted game hen, and slow poached king salmon with corn puree and bacon.

 

6. Coquine – Portland

Lamb loin from Cattail Creek with @conservapdx sweetheart cherries and potxa beans, fennel, and black olives. 🍒

A photo posted by Katy Millard (@coquinepdx) on

The menu at Portland’s restaurant Coquine changes seasonally, but what stays the same is the commitment to sustainable practices and sourcing from local farms. There is also the fact that the food is always great, with dishes like potato gnocchi with artichokes, lamb loin with rhubarb and a black olive sauce, and chicken liver mousse with cognac pear butter.

 

5. Altitude – Welches

Photo via http://www.altituderestaurant.com

Altitude, located at The Resort at The Mountain, is reimagining traditional dishes in a more contemporary way, utilizing food grown in The Resort’s backyard! The menu includes northwest red trout with a cranberry almond butter sauce, chicken breast stuffed with sage, mozzarella, and ham, and brussels sprouts sautéed with bacon and butter.

4. Terminal Gravity Brewery – Enterprise

 

Welcome to the family, Rye Barrel from @steindistillery batch 289. We’re glad you’re here!

A photo posted by Terminal Gravity Brewing (@terminalgravitybrewingco) on

Terminal Gravity Brewery focuses on beer, but their food menu is just as good as their pints. Dishes include Cajun pasta served in a white wine butter sauce, a wild sockeye salmon sandwich with lime cilantro aioli, and the TG Brewers salad made with romaine lettuce, corn, red onion, tomato, bacon, egg, and blue cheese.

 

3. Community Plate – McMinnville

 

Casual breakfast and lunch spot Community Plate is putting passion on every plate, supporting local farmers and artisans when it comes to ingredient sourcing. The menu features an Oregon albacore tuna melt, a breakfast burrito with pulled pork and salsa verdé, buttermilk pancakes, and an Oregon-raised beef burger.

2. Riverview Restaurant – Troutdale

 

Always a must have at The Riverview. #bananasfoster 🍌

A photo posted by Laura Duyn (@lauraduyn) on

The scenic views and gourmet food make Troutdale’s Riverview Restaurant the hotspot it is today, with a menu that includes butternut squash ravioli with sage brown butter, marinated Pacific sturgeon with a honey balsamic reduction, American Kobe top sirloin, and pumpkin cheesecake.

 

1. Olympia Provisions – Portland

 

Start your weekend off on the right foot with one of our tasty charcuterie boards! 📸 @303eatschi

A photo posted by Olympia Provisions (@oppdx) on

There’s a reason Olympia Provisions keeps winning awards for their cured meats and charcuterie boards, they’re just that good. Their whole menu is fantastic, including ‘The Randy sandwich, made with honey-crisp apple, buttermilk blue cheese, sweetheart ham, hazelnuts, aioli, and frisée on ciabatta bread.


This Week in Real Estate: August 8, 2016

image001

Following consecutive months of stronger than expected jobs report, This Week in Real Estate leads to speculation again about whether or not the Feds will increase the interest rate before year end. Below are a few highlights from the first week of August that influence our business:

* U.S. Consumer Spending Exits Second Quarter With Strong Momentum. U.S. consumer spending rose more than expected in June as households bought goods and services, suggesting strength that appeared to be sustained early in the third quarter with auto sales surging to an eight-month high in July. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased 0.4 percent in June after a similar gain in May. The June data showed that consumer spending rose at a 4.2 percent annual rate, the fastest in nearly two years. While the second quarter’s robust pace of consumer spending will probably not be repeated, economists are optimistic that spending will remain solid, underpinned by steadily increasing wages as the labor market tightens, as well as rising house and stock market prices.
Full Story…  http://www.reuters.com/article/us-usa-economy-idUSKCN10D17X?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

* Jobs Increase in July Beat Expectations. Total non-farm payroll employment increased 255,000 in July, far above what experts predicted. The ADP employment report on August 3 predicted June’s strong job growth would carry over into July, but still only predicted 179,000 jobs. “Another solid month of job creation in July with 255,000 net new jobs,” NAR Chief Economist Lawrence Yun said. “From a year ago, the total now stands at 2.4 million new hires.” “In recent prior years, wages had been stuck, but the latest trend is showing an upturn,” Yun said. “In July, wages grew at the fastest rate since 2009, rising 2.6%.” “Given that homebuilders are experiencing labor shortage, a transfer of work into construction could help more home building, something that is critically needed to relieve the ongoing housing shortage,” Yun said. “Strengthening job and wage growth are positives for the demand side of the housing market, but weak residential construction hiring is worrisome from a supply perspective.” “Together, these developments suggest continued strong home price appreciation,” said Doug Duncan, Fannie Mae Chief Economist.
Full Story…  http://www.housingwire.com/articles/37718-jobs-increase-in-july-beat-expectations?eid=322520585&bid=1489909

* Home Values 77 Percent Higher in Zip Codes With Good Schools. ATTOM Data Solutions, the nation’s leading source of comprehensive housing data, released its 2016 Schools and Housing Report on Wednesday, which shows that homes in zip codes with at least one good elementary school have higher values and stronger home price appreciation over the long term than homes in zip codes without any good elementary schools. For the report, ATTOM analyzed 2016 home values and price appreciation along with 2015 average test scores in 18,968 elementary schools nationwide in 4,435 zip codes with a combined 45.9 million single family homes and condos. For purposes of this report, a good school is defined as a school with an overall test score of at least 30% above the state average. Out of 1,661 zip codes with at least one good school, the average estimated home value as of July 2016 was $427,402, 77 percent higher than the average home value of $241,096 in 2,774 zip codes without any good schools. “While good schools are one of the top items on most homebuyer checklists because of the quality-of-life benefit they provide, this report shows that high-performing schools also come with a financial benefit for homeowners in most markets – at least over the long term,” said Daren Blomquist, senior vice president at ATTOM.
Full Story…  http://www.realtytrac.com/news/home-prices-and-sales/2016-schools-and-housing-report/

* Summer’s Hottest Housing Markets. Summer’s heating up, and so are real estate markets across the nation. The nation’s top five markets shifted dramatically as not one market held the same place it had last month. Ten-X released its Top Single-Family Housing Markets Report for Summer 2016. This report ranks the 50 largest U.S. housing markets according to current and forecasted data. Markets in the top five showed consistently strong demand, home price appreciation and economics and demographic growth. In Florida, where four of the top five markets are located, the state’s top metros have more affordable housing, subdued permit activity, revitalized local economies and a strong population growth trending significantly above the national average. On the other side of the U.S., Seattle, which made the list of top markets, (#5), represents the tech-driven gains of the Pacific Northwest along with Portland, which is now ranked as the ninth hottest market.
Full Story…  http://www.housingwire.com/articles/37627-here-are-summers-hottest-housing-markets?eid=322520585&bid=1484502

Have a productive week!
Jason
 

Portland Metro Weekend Events: Aug. 5-7, 2016

Vintage airplane
PORTLAND METRO EVENTS WEEKEND PLANNER
FOR AUG. 5-7, 2016

 

OREGON INTERNATIONAL AIR SHOW
FRI-SUNAir show featuring airplanes up close and in the air, aerobatics, skydivers, a kid’s zone, beer garden, fireworks, Blue Angels, and a 5K.

OBONFEST
SAT – Enjoy this Summertime Japanese (and Japanese-American) festival commemorating one’s ancestors. In their honor, lanterns are hung, Bon Odori (Obon dance) is performed, memorial visits are made, and food is offered at home butsudans and temples.

TUALATIN CRAYFISH FESTIVAL
FRI-SUN – Children and adults alike come to enjoy the activities which include a parade, a dog show, live music, craft vendors, food and of course, the crawfish themselves.

PORTLAND HOT SAUCE FESTIVAL
SAT-SUN – Some of the best hot sauce companies from the Pacific Northwest and around the world. Plenty of spicy foods, craft beer and spirits to give you the ultimate endorphin rush.

SPIRITSFEST
SAT-SUNSignature cocktails from select vendors and 21 food booths each with a unique culinary focus.

RICE NW MUSEUM SUMMER FESTIVAL
SAT-SUN – The outdoor festival features a wide variety of rock, mineral, gem, and fossil dealers. Enjoy food, music, and plenty of fun family activities. Fred and Wilma Flintstone will be rolling in on the famous Flintmobile to give rides to children and adults.

ART IN THE DARK
Through August 14th – Fantastical, illuminated, full-length, evening production set in a unique and rare outdoor theater style setting. Transforming a dirt plot into a performance spot, each show is packed with the flavor of the Northwest and a wonderful taste of the talent this area has to offer!

CHITTY CHITTY BANG BANG
Through August 14 – Based on the beloved 1968 film version of Ian Fleming’s children’s book, and featuring an unforgettable score by the Sherman Brothers, Chitty Chitty Bang Bang is one family friendly blockbuster that audiences will find “Truly Scrumptious”.

GREAT AMERICAN SPIRITS FESTIVAL
SAT – A gathering of distillers from across the country that come to Oregon—the Mecca of craft distilling, to share their products, their passion and their expertise in handcrafting spirits. There will be tastings, seminars, a mixology contest for bartenders and more!

SOULFUL GIVING BLANKET CONCERT
SAT – Spread your blankets and sand chairs under shady fir trees and enjoy a fun-filled day along the scenic Sandy River at the Soulful Giving Foundation’s 6th annual “21 and over” music, wine, beer, food and art event.

BETTE & JOAN
Through August 28 – A film festival starring two famous stars that carried on a bitter feud throughout their careers, which became fodder for unending gossip and legendary Hollywood lore.

TOP DOWN: ROOFTOP CINEMA
Through August 25 – Join us atop the Hotel deLuxe’s parking structure at SW 15th and Yamhill for our 12th annual program of cinema under the stars.

CONCERTS IN THE PARK
Through August 28 – Pack a picnic dinner or dine with our vendors, bring a blanket or chairs, and spend time with family and friends at a live outdoor concert performance.

MOVIES IN THE PARK
Through September 10 – Pre-movie entertainment begins at 6:30 PM, including live performances by local musicians and free popcorn. Bring jackets or extra blankets, as it gets chilly when the sun goes down!

OREGON ZOO SUMMER CONCERTS
Through September 11  Oregon’s “wildest” outdoor concert series celebrates 37 years of bringing you world-class artists for a night of music and nature. It wouldn’t be summer in Oregon without an evening of great music at the zoo!

PORTLAND SATURDAY MARKET
SAT-SUN through December – 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 in Old Town.

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.

 

VANCOUVER METRO EVENTS

CLARK COUNTY FAIR
Through August 14 – This year’s County Fair is sure to provide you and your family endless entertainment and excitement. We have free grandstand entertainment and concerts for plenty of family fun.

RIVERVIEW SIX TO SUNSET CONCERT SERIES
Thursdays Through August 11th  Celebrate summer on Thursday evenings while listening to our fantastic bands play the sun down.

FARMER’S MARKET – DOWNTOWN
SAT-SUN (through October 30)  Vancouver’s Farmer’s Market. Over 250 vendors with fresh and local produce, flowers, plants, baked goods and much more at 6th & Ester in downtown Vancouver.

FARMERS MARKET – COLUMBIA TECH CENTER
Thursdays Through September 1st – Over 250 vendors with fresh and local produce, flowers, plants, baked goods and much more.

OPEN SATURDAYS AT PEARSON AIRBASE
EVERY 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

·         Nine Lives
·         Suicide Squad
·         Let’s Be Evil
·         The Little Prince
·         Citizen Soldier
·         Five Nights in Maine

Click here for movie times and theatres.

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: Aug. 1, 2016

image001

Peaks and lows are the themes This Week in Real Estate as cash sales and first-time foreclosure starts are at their lowest levels in many, many years while the median sales price reaches an all-time high. Below are a few highlights from the final week of July that influence our business:

* U.S. Median Home Sale Price Reaches New All-Time High in June. ATTOM Data Solutions released its June and Q2 2016 U.S. Home Sales Report on Wednesday, which shows that single family homes and condos sold for a median price of $231,000 in June 2016, up 6 percent from the previous month and up 9 percent from a year ago to a new all-time high – 1 percent above the previous peak of $228,000 in July of 2005. June was the 52nd consecutive month where U.S. median home prices increased on a year-over-year basis. Since the nation’s home prices bottomed out in 2012, a total of 63 of the 130 markets analyzed (48 percent) have reached new all-time home price peaks.
Full Story… http://www.realtytrac.com/news/home-prices-and-sales/june-and-q2-2016-home-sales-report/

* Cash Sales This Year Lowest Start Since 2008. Cash sales made up 31.6% of total home sales in April, a decrease of 2.8 percentage points annually, according to a recent report from CoreLogic. For the first four months of 2016, cash sales averaged 33.9 percent of the market share, the lowest start of any year since 2008. Before the housing crisis, cash sales made up about 25% of the market. If cash sales continue to fall at their current rate, they could hit pre-crisis levels by mid-2018. Real estate-owned sales (bank owned) had the largest cash sales share at 56.7%, followed by resales at 31.3%, short sales at 28.6% and newly constructed homes at 14.5%. Florida had the largest cash sales share of any state at 45.5%, followed by Alabama at 45.3%, New York at 44.2%, New Jersey 38.2% and Indiana at 38%. Oregon and Washington’s cash sales share of total sales for the same time period was 27% and 23% respectively.
Full Story… http://www.housingwire.com/articles/37634-corelogic-cash-sales-this-year-lowest-start-since-2008?eid=322520585&bid=1480710

* First-Time Foreclosure Starts Lowest Since 2000. It’s not news that foreclosures are declining as the housing market and economy recover. But data provider Black Knight Financial Services reported Tuesday that first-time foreclosure starts were the lowest not just since the housing bubble burst, but since 2000. There were 77,657 such starts in the second quarter, Black Knight said. That’s a 16% decline from the first quarter and 25% lower than the same time period a year ago.
Full Story… http://www.marketwatch.com/story/where-have-all-the-foreclosures-gone-2016-07-26

* Consumer Optimism Holds Steady in July. Consumer confidence barely moved in July, holding to June’s high level by historic standards, according to the Consumer Confidence Index released today and conducted for The Conference Board by Neilsen. The consumer confidence index decreased slightly to 97.3, down from 97.4 in June. The Present Situation index increased to 118.3 from 116.6 last month, however the Expectations Index slipped from June’s 84.6 to 83.3. In 1985, the index was set to 100, representing the index’s benchmark. This value is adjusted monthly based on results of a household survey of consumers’ opinions on current conditions and future economic expectations. “The marginal decline in the Conference Board measure of consumer confidence in July left the index still at a high level by historical standards, providing further evidence that, after what could turn out to be the biggest quarterly gain in a decade in the second quarter, consumption growth will continue at a decent pace in the third quarter,” Capital Economics Assistant Economist Andrew Hunter said.
Full Story… http://www.housingwire.com/articles/37623-consumers-optimism-holds-steady-in-july?eid=322520585&bid=1479278

Have a productive week!
Jason
 

Portland Metro Weekend Event Planner: July 29-31, 2016

Little brothers having fun on carousel.
PORTLAND METRO EVENTS WEEKEND PLANNER
FOR JULY 29-31, 2016

WASHINGTON COUNTY FAIR
THURS-SUNThe Big Fair Fun at the Washington County Fair includes attractions and events for the whole family. Carnival games and rides, magic shows, rodeo, and so much more!!

OREGON BREWER’S FESTIVAL
WED-SUN – One of the nation’s longest running and best loved craft beer festivals. Sample & learn about more than 20 craft beer styles. 111 independent craft beers available this year—88 from craft breweries from all over the U.S. and 23 more in the International Beer Garden (featuring beers and brewers from Japan, China, Germany and the Netherlands).

INTERNATIONAL PINOT NOIR CELEBRATION
FRI-SUN – World-renowned winemakers, northwest chefs, esteemed media, epicures, and wine lovers will gather in McMinnville, Oregon, for three days of exploring Pinot noir, savoring unforgettable meals, and learning and celebrating with luminaries of the food and wine world.

ROSE FESTIVAL ROSE CUP RACES
FRI-SUN – The premier amateur road racing event in the Pacific Northwest, includes three-car classifications, SCCA track night where non-racers can drive their cars on PIR.

RENEGADE CRAFT FAIR
SAT-SUN – A festive celebration of DIY featuring maker-designed goods, inspired surroundings, interactive features, artisan food and drink, lively music and good vibes.

SLAVIC FESTIVAL
SAT-SUNSlavic Festival featuring live music, dance, art, food and vendors. Volleyball, children’s activities and more.

WILLAMETTE RIVER FESTIVAL
SUNLive music, beer garden, birds from Audubon, a live fish display, guided walks and tabling by a variety of environmental groups.

NEWBERG OLD FASHIONED FESTIVAL

THURS-SUN – Enjoy a parade, dog costume contest, car show, disc golf tournament, live entertainment and music, a BBQ, 5K and more!

JOURNEY TO SPACE
Through THURS – What does the future hold for humans and space travel? The Exhibition at OMSI will give you a glimpse of the challenges and triumphs of space exploration. Discover what is possible and what awaits in orbit and beyond

FLICKS ON THE BRICKS
Through August 19th – Pioneer Courthouse Square transforms into Portland’s largest outdoor movie theater for the entire community to enjoy!

TOP DOWN: ROOFTOP CINEMA
Through August 25th – Join us atop the Hotel deLuxe’s parking structure at SW 15th and Yamhill for our 12th annual program of cinema under the stars.

CONCERTS IN THE PARK
Through August 28th – Pack a picnic dinner or dine with our vendors, bring a blanket or chairs, and spend time with family and friends at a live outdoor concert performance.

MOVIES IN THE PARK
Through September 10th – Pre-movie entertainment begins at 6:30 PM, including live performances by local musicians and free popcorn. Bring jackets or extra blankets, as it gets chilly when the sun goes down!

OREGON ZOO SUMMER CONCERTS
Through September 11th  Oregon’s “wildest” outdoor concert series celebrates 37 years of bringing you world-class artists for a night of music and nature. It wouldn’t be summer in Oregon without an evening of great music at the zoo!

PORTLAND SATURDAY MARKET
SAT-SUN through December – 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 in Old Town.

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.

VANCOUVER METRO EVENTS

THREE DAYS OF ALOHA
THURS-SAT – Hula dancers and crafters of Hawaiian arts pilgrimage from around the globe to attend this one of a kind workshop. With preeminent master instructors from Hawaiʻi, the workshop offers instruction on dance, language, oli/chant, mele, outrigger canoe paddling, history, current Hawaiian issues, cultural crafts, 5k & Fun Run.

FRIDAY NIGHT MOVIES – COLUMBIA TECH CENTER
FRI – Bring a lawn chair or blanket to the park and enjoy a movie on the big screen at the City of Vancouver’s free, family-friendly movie nights! Show up early for pre-movie activities.

RIVERVIEW SIX TO SUNSET CONCERT SERIES
Thursdays Through August 11th  Celebrate summer on Thursday evenings while listening to our fantastic bands play the sun down.

FARMER’S MARKET – DOWNTOWN
SAT-SUN (through October 30)  Vancouver’s Farmer’s Market. Over 250 vendors with fresh and local produce, flowers, plants, baked goods and much more at 6th & Ester in downtown Vancouver.

FARMERS MARKET – COLUMBIA TECH CENTER
Thursdays Through September 1st – Over 250 vendors with fresh and local produce, flowers, plants, baked goods and much more.

OPEN SATURDAYS AT PEARSON AIRBASE
EVERY 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

·         Jason Bourne
·         Bad Moms
·         Gleason
·         Nerve
·         Equity
·         Indignation
·         Tallulah
·         The Tenth Man

Click here for movie times and theatres.

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.