Portland Metro Weekend Event Planner: March 18-20, 2016

Gardening tools and flowers on the terrace in the garden
PORTLAND METRO EVENTS WEEKEND PLANNER
FOR MARCH 18-20, 2016

 

KELL’S ST PATRICK’S DAY FESTIVAL

THURS-SAT  Kell’s Irish Pub. Portland’s largest St. Patrick’s Day Event, Join the 25th anniversary with live music, traditional Irish dancing food and libations.

EASTER EVENTS

BREAKFAST WITH THE EASTER BUNNY, SAT  Bridgeport Village

BUNNY FUN RUN, SAT  Holladay Park

CODE ORANGE EASTER DROP, SAT  Brentwood Park 

EASTER EGGSTRAVAGANZA, SAT  Lloyd Center

WORLD INDOOR TRACK & FIELD CHAMPIONSHIPS

THURS-SUN  More than 600 of the world’s greatest track and field athletes, representing 154 countries from around the globe, will participate in the four-day competition. Oregon Convention Center.

HOT ROD SHOW

FRI-SUN  Portland Expo Center: Meet custom designers at The Portland Roadster Show and view over 400 cars, trucks and motorcycles.

CHICAGO MUSICAL

FRI-MAR 27  Brunish Theatre: This triumphant hit musical is the recipient of six Tony Awards, two Olivier Awards, a Grammy and thousands of standing ovations. A sensational tale of sin, corruption and all that jazz.

VARIETY SHOW

Through APR 22  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.

DUELING PIANO SHOW

Every FRI & SAT in March  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.

50 YEARS OF INDIAN CINEMA

ALL MONTH  Portland Art Museum: Indian cinema boasts the most prolific output of any national film industry on the planet—its films, stars, and songs are beloved at home and by millions around the world.

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

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.

BREWFEST

FRI-SAT  Ester Short Park. Over 80 beers, cider, mead, 8 NW distillers at the Whiskey Bar, food, March Madness basketball on big screen TVs. Free raffle tickets for a chance to win a TV!!

NEW MOVIES OUT THIS WEEK

·         The Divergent Series: Allegiant

·         Miracles From Heaven

·         The Bronze

·         The Brainwashing of My Dad

·         Kapoor and Sons

·         Krisha

·        Midnight Special

·         My Golden Days

·        The Program

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

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


Spring Maintenance 101: Home Recovery from Winter Weather

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With spring almost here, it’s time to get outside (inside too!) and make sure every corner of your home is in tip-top shape. Here’s a checklist of tasks to tackle in the coming days and weeks.

Inside the House:

• Check the basement for water damage: Water can seep in through foundation cracks and other exterior crevices. Check the basement for a musty smell, water stains, and damp surfaces. If you find signs of water damage, walk around your house and check for cracks and crevices in the foundation.

• Inspect and repair sump pump: Test your sump pump and clean out any debris. If your pump runs on electricity, it’s smart to have a backup, battery-powered system for it. In the event of a power outage, you don’t want your sump pit to overflow.

• Clean air-conditioner and HVAC filters: In-wall air conditioners are pretty straightforward: Pull the filter out of the unit and spray it down. For HVAC systems, turn off the system; then locate the service panel to find the filter. If it’s reusable, rinse it, dry it and put it back. If not, replace it.

• Clean dryer vent and exhaust ducts: Unplug the clothes dryer, disconnect the hose from the vent in the back of the dryer, and clean out lint from both the hose and the vent using your vacuum cleaner’s crevice tool.

Outside the House:

• Check for signs of termites and other pests: Get outside and check for telltale signs of termites, which can cause serious damage to your home’s infrastructure. If you see insect wings, mud tubes or damage to wood on or around your home, contact a termite professional for an evaluation.

• Inspect and repair siding and peeling paint: Take a walk around the house to assess the entire exterior. Fix or replace damaged siding (or call in a pro to handle it). Strip peeling paint and replace it with a new coat.

Man cleaning the gutter• Clean gutters and downspouts: Time to get up on a sturdy ladder and clean the gutter system that runs along the perimeter of your roof. Gutters are there to catch water runoff from the roof, but they also catch leaves and other debris that lead to clogs. Also, make sure downspouts are positioned correctly,  to direct water away from your house. They should point about six feet away from the side of the house.

• Locate and fix roof damage: While you’re up near the roof, check for loose or buckling shingles and replace them. If you’re uncomfortable, hire an expert to climb up to get a better look.

• Fix cracked pavement: Winter’s elements can wreak havoc on concrete. Head to your local home improvement center to buy a concrete repair system.

• Check for window damage and replace caulking: Check windows from the outside to determine whether there’s any damage to the caulking, which seals out water, air and other elements. If any of it is loose or peeling, remove it and replenish with fresh caulk.

• Repair and seal the deck: Assess the damage your wooden deck has sustained throughout the winter (snow, ice, rain, cold temperatures). Locate and repair loose nails and screws, loose boards and wobbly stairs and railings. Hose down the deck, let it dry and then protect with a stain or sealer.

Article courtesy of ApartmentTherapy.com


This Week in Real Estate: March 14, 2016

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A much better than expected February jobs report fuels consumer confidence This Week in Real Estate. Below are a few highlights from the second week of March that influence our business:

* Mortgage Rates Looking Favorable for Spring Home Buying Season. Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS) this week, showing mortgage rates moving higher for the second week in a row, while also only posting the second increase this year making mortgage rates very attractive for the upcoming spring home buying season. “The 10-year Treasury yield ended the survey week exactly where it started, however the solid February employment report boosted the yield noticeably on Friday and Monday. Our mortgage rate survey captured the impact of this temporary increase in yield, and the 30-year mortgage rate rose 4 basis points to 3.68. This marks the second increase this year. Nonetheless, the mortgage rate remains 33 basis points lower than its end-of-2015 level,” said Sean Becketti, Chief Economist at Freddie Mac.
Full Story… http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-looking-favorable-for-spring-home-b-otcqb-fmcc-1248416?feed=429e0be3-9aef-4a3a-9775-43f8e470d510

* 1 Million Borrowers Regained Equity Last Year. Approximately 1 million borrowers regained equity in 2015, boosting the total number of mortgaged residential properties with equity at the end of the fourth quarter 2015 to 46.3 million, or 91.5% of all mortgaged properties, a new report from CoreLogic said. Borrower equity increased year-over-year by $682 billion in Q4 2015. “In Q4 of last year home equity increased $680 billion or 11.5%, the 13th consecutive quarter of double digit growth,” said Frank Nothaft, Chief Economist at CoreLogic.
Full Story… http://www.corelogic.com/about-us/news/corelogic-reports-1-million-us-borrowers-regained-equity-in-2015.aspx

* Completed Foreclosures Drop 16.2%. Foreclosure inventory declined by 21.7%, and completed foreclosures declined by 16.2% compared with January 2015, CoreLogic’s latest January 2016 National Foreclosure Report showed. The number of completed foreclosures nationwide decreased year-over-year from 46,000 in January 2015 to 38,0000 in January 2016. The number of completed foreclosures in January 2016 was down 67.6% from the peak in September 2010 of 117,743. “In January, the national foreclosure rate was 1.2%, down to one-third the peak from exactly five years earlier in January 2011, a remarkable improvement,” CoreLogic Chief Economist Frank Nothaft said. “The month’s supply of foreclosure fell to 12 months, which is modestly above the nine-month rate seen 10 years earlier and indicates the market’s ability to clear the stock of foreclosures is close to normal.”
Full Story… http://www.housingwire.com/articles/36469-corelogic-completed-foreclosures-drop-162?eid=322520585&bid=1333280

* Unemployment Scrapes Lowest Level Since 2008. In great news for the U.S. economy, 242,000 jobs were added in February, with the unemployment rate flat at 4.9 percent, according to recently released Bureau of Labor statistics. This was well above market expectations of 190,000 new jobs, and the lowest unemployment level since May 2008. “February’s employment situation report should strengthen consumer confidence,” says realtor.com Chief Economist Jonathan Smoke. “Additionally, the strong pace of job creation should lead to continued positive household formation. Combined with substantial pent-up demand for home purchases, we remain confident we will see the strongest spring buying season in a decade.”
Full Story… http://rismedia.com/2016-03-06/unemployment-scrapes-lowest-level-since-2008/?utm_source=newsletter&utm_medium=email&utm_campaign=eNews

Have a productive week!

Jason

 

Portland Metro Weekend Events Planner: March 11-13, 2016

PORTLAND METRO EVENTS WEEKEND PLANNER
FOR MARCH 11-13, 2016

 

ST PATRICK’S DAY EVENTS

ST PATRICK’S DAY PARADE & CELEBRATION 

SAT  Downtown Hillsboro: Parade starts out at Harefield and works its way through downtown Hillsboro. Corned Beef and Cabbage Feed will be in the Civic Center Plaza along with games for the kids.

SHAMROCK RUN & FITNESS FAIR

FRI-SUN  Oregon Convention Center. Visit the fitness fair Friday & Saturday and get ready for the Shamrock Run on Sunday morning, half marathon, 5k, 8k & 15k.

PORTLAND’S ST PATRICK’S DAY BAR CRAWL

FRI-THURS  Various Locations: BarCrawls.com is proud to present a full weekend of St. Patrick’s Day festivities.

IRISH SHOW

SAT  Alberta Abbey. Luck of the Irish features lively stories, rowdy songs, a dash of cheeky Irish humor, and fabulous raffle prizes. 21+.

SELLWOOD PARADE & FESTIVAL 

SAT  St. Agatha Catholic School. Parade, carnival games, food, live music, Irish dancers, pipes & drums, beer garden & 5K Fun Run!

CATS AND SHAMROCKS SHOW

SAT-SUN  Double Tree at Lloyd Center: Cats & Shamrocks Features Championship, Premiership, Kittens, Veterans & Household Pets.

ST PATRICK’S DAY AT MCMENAMINS

THURS MAR 17  Various Locations. Traditional Irish dinner, paired with Irish cocktails, live music and much more.

 ST PATRICK’S DAY FESTIVAL

THURS MAR 17  Ambridge Event Center. All-Ireland Cultural Society of Oregon’s 75th St. Patrick’s Day Celebration. Irish dinner, dancers, music and face painting for the kids.

KELL’S ST PATRICK’S DAY FESTIVAL

THURS MAR 17-SAT MAR 19  Kell’s Irish Pub. Portland’s largest St. Patrick’s Day Event, Join the 25th anniversary with live music, traditional Irish dancing food and libations.

RV SHOW

THURS-SUN  Portland Expo Center: Visit the Spring RV Show featuring the latest in recreation vehicles and accessories.

CHICAGO MUSICAL

FRI-MAR 27  Brunish Theatre: This triumphant hit musical is the recipient of six Tony Awards, two Olivier Awards, a Grammy and thousands of standing ovations. A sensational tale of sin, corruption and all that jazz.

VARIETY SHOW

Through APR 22  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.

ACROBATIC SHOW

SAT-SUN  Echo Theater: Acrobatic Conundrum constructs a new work about unconventional love and the complexity of human relationships.

DUELING PIANO SHOW

Every FRI & SAT in March  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.

50 YEARS OF INDIAN CINEMA

ALL MONTH  Portland Art Museum: Indian cinema boasts the most prolific output of any national film industry on the planet—its films, stars, and songs are beloved at home and by millions around the world.

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

MUSIC FROM THE BRITISH ISLES

SAT-SUN  Come and be transported to the British Isles with beautiful English, Irish, Scottish, and Celtic music. This concert will feature well-known favorites such as Greensleeves, Oh Danny Boy, and A Red Red Rose, as well as some contemporary favorites from the Beatles. First Presbyterian Church.

BARREL RACING COMPETITION

SAT-SUN  NBHA revolutionized the barrel racing industry by pioneering the divisional format, which allows riders of all skill levels a chance to win money and prizes in barrel racing competition. Clark County Event Center.

2ND SATURDAY AT THE WATER CENTER: OCEANS AND ESTUARIES 

SAT  Kids and families are invited to learn about Oceans and Estuaries. Discover some interesting things ocean animals do to attract food and protect themselves. Enjoy fun, interactive activities!

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

• 10 Cloverfield Lane

• The Brothers Grimsby

• The Perfect Match

• The Young Messiah

• Backgammon

• Barney Thomson

• Boom Bust Boom

• Creative Control

• Eye in the Sky

• Lolo

• Hello, My Name is Doris

• Marguerite

• Remember

• Rise of the Legend

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: March 7, 2016

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Appraisal volume and consumer spending is on the rise This Week in Real Estate, which bodes well for a strong spring selling season. Below are a few highlights from the first week of March that influence our business:

* Winter’s Top 5 Hottest Single-Family Housing Markets. Where will the hottest markets be as we move into the busy spring home buying season? Ten-X, formerly Auction.com, released its report on the top single-family housing markets this winter, which ranks the nation’s 50 largest housing markets according to current and forecasted housing fundamentals. According to the list, these markets had the best combination of rising home prices, favorable affordability and strong housing demand, combined with strong economic and demographic conditions that point to future demand. “The U.S. housing market recovery continues to be supported by underlying economic fundamentals, particularly the improved labor market,” said Ten-X Chief Economist Peter Muoio. The top 5 hottest single-family housing markets: 1. Seattle, Washington, 2. Fort Lauderdale, Florida, 3. Orlando, Florida, 4. Portland, Oregon, and 5. Las Vegas, Nevada.
Full Story… http://www.housingwire.com/articles/36448-here-are-winters-top-5-hottest-single-family-housing-markets

* Consumer Spending Has Biggest Increase in Eight Months. Consumers ramped up their spending in January at the fastest pace in eight months as incomes also continued to grow at a strong pace in a sign economic growth is improving after slowing at the end of last year. Incomes rose in January for the 10th-straight month and the 0.5 percent increase was the best since June. Consumer spending accounts for about two-thirds of U.S. economic activity and the increase in January bodes well for a pick-up in economic growth in the first quarter of the year.
Full Story… http://rismedia.com/2016-02-28/consumer-spending-has-biggest-increase-in-eight-months/?utm_source=newsletter&utm_medium=email&utm_campaign=eNews

* Appraisal Volume Rises as Spring Home Buying Season Starts Early. Appraisal volume jumped 8.4% for the week of February 21, marking the fifth consecutive week of increases, as the spring homebuying season draws closer, a la mode, an appraisal software company that tracks appraisal volume throughout the country. Appraisal volume is an indicator of market strength and has some advantages over mortgage applications. Fallout is less for appraisals since they are ordered later in the mortgage process after credit worthiness determined and there are few multiple-orders.
Full Story… http://www.housingwire.com/articles/36420-appraisal-volume-rises-as-spring-homebuying-season-starts-early

* Home Flipping on the Rise in 75 Percent of Markets. Home flipping shot up in 2015, with 179,778 U.S. single-family homes and condos flipped, 5.5 percent of all single-family home and condo sales during the year, according to RealtyTrac. The 5.5 percent share of U.S. home flips in 2015 was up from a 5.3 percent share in 2014, marking the first annual increase in the share of homes flipped following four consecutive years of decreases. The share of homes flipped in 2015 increased from the previous year in 83 of 110 U.S. metropolitan statistical areas nationwide analyzed for the report (75 percent). “Homes flipped in 2015 were on average purchased at a 26 percent discount below estimated market value and re-sold by the flipper at a 5 percent premium above estimated market value.”
Full Story… http://www.realtytrac.com/news/real-estate-investing/2015-year-end-and-q4-u-s-home-flipping-report/

Have a productive week!

Jason

 

Portland Metro Weekend Events Planner: March 4-6, 2016

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PORTLAND METRO EVENTS WEEKEND PLANNER
FOR MARCH 4-6, 2016

 

ART WALK

SAT-SUN  SE Area ARTWalk is a self-guided tour of artists’ studios, home work spaces, galleries, and businesses in SE Portland. Free.

DUELING PIANO SHOW

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

FRANK OLIVER’S “TWISTED CABARET”

FRI-SUN  Alberta Rose Theatre: A one-man show with a cast of a dozen characters, each more talented and demented than the last.

WOMEN’S FILM FESTIVAL

THURS-SUN  Hollywood Theatre: 9th Annual POWfest, 50 films celebrating the fantastic contributions women have made for over a century, with Guest of Honor Catherine Hardwicke.

ROMEO & JULIET

Through MAR 5  Keller Auditorium: Impossible-to-forget emotional journey intensified by what may be the most sublime music ever written for ballet. Oregon Ballet Theatre proudly returns James Canfield’s signature work.

AFRICAN FILM FESTIVAL

Through MAR 5 Portland Community College: 18 outstanding feature, documentary and short films from 11 African countries: Algeria, Morocco, Egypt, Ivory Coast, Nigeria, South Africa, Kenya, Uganda, Rwanda, Sudan, and Ethiopia.

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.

50 YEARS OF INDIAN CINEMA

ALL MONTH  Portland Art Museum: Indian cinema boasts the most prolific output of any national film industry on the planet—its films, stars, and songs are beloved at home and by millions around the world.

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

HAWAIIAN SLACK GUITAR FESTIVAL

SUN  Artists will be touring the PNW with their extraordinary talents in this unique classical guitar genre of Hawaii. Sway to the soothing sounds of LT Smooth, Stephen Inglis, Bobby Moderow, and more!

VDA’s FIRST FRIDAY DOWNTOWN

SAT  Every first Friday of the month throughout the year, participating art galleries, merchants and restaurants open their doors to celebrate opening night of various art exhibits.

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

• London Has Fallen

• Whiskey Tango Foxtrot

• Zootopia

• Cemetery of Splendor

• Emelie

• Knight of Cups

• The Wave

• The Other Side of the Door

• Mekong Hotel

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

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


Meet the Newest Additions to Berkshire Hathaway HomeServices Northwest Real Estate

We are proud to announce the addition of these brokers to the Berkshire Hathaway HomeServices Northwest Real Estate family. Please help us give a warm welcome to the following real estate professionals:

Ben Itterman – Lake Oswego

Aaron Fulcher – Bend

Hanna Schelling – West Portland

Regina Medina – Lake Oswego

Lesley Jeffries – Clark County Northwest

Are you interested in creating a successful career in real estate with a strong company? Click here to see how Berkshire Hathaway HomeServices Northwest Real Estate helps our brokers build lasting careers based on delivering exceptional service backed by integrity. Email careers@bhhsnw.com to schedule an appointment.


This Week in Real Estate: Feb. 29, 2016

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This Week in Real Estate was fueled by better than anticipated existing home sale numbers for January. Below are a few highlights from the fourth week of February that influence our business:

* There’s Reason to Be Excited About the U.S. Housing Market. Economic data and corporate earnings reports released on Tuesday make it easy to remember why the housing market is expected to be one of the U.S. economy’s bright spots for years to come. During an interview on Bloomberg TV, Douglas Yearly, CEO of Toll Brothers, noted that he didn’t see any recessionary conditions in the U.S. but cautioned that volatility in financial markets was beginning to weigh on deals. “There’s a real disconnect right now between the housing market and the broader markets.” While the downdraft in equity prices won’t make American’s feel any richer, home price appreciation should help cushion the blow. “Home sales are at cycle highs, but the market still seems mainly to be dominated by supply constraints. This suggests that home prices generally still continue to rise at a solid pace,” said Johnny Bo Jakobsen, chief analyst at Nordea Markets.
Full Story… http://www.bloomberg.com/news/articles/2016-02-24/there-s-reason-to-be-excited-about-the-u-s-housing-market

* Existing Sales Advance. Existing home sales, as reported by NAR, increased 0.4% in January to the highest level since July, and are up 11% from last January. The first-time buyer share for 2015 averaged 30%, up from 29% in 2014 and 2013. Year-over-year, all regions increased, including 20.6% in the Northeast, 18.2% in the Midwest, 8.3% in the West and 5.7% in the South. Total housing inventory increased by 3.4% in January, but remains 2.2% lower than its level a year ago. January represented the 47th consecutive month of year-over-year median sales price increases. The Pending Home Sales Index increased slightly in December, and the sharp volatility in November and December existing sales was a function of implementing a new regulation. Builder sentiment remains strong, and the tight inventory homes bodes well for new single-family sales in 2016.
Full Story… http://eyeonhousing.org/2016/02/existing-sales-advance/

* U.S. Housing Market Continues Its Steady Comeback. Freddie Mac on Wednesday released its Multi-Indicator Market Index (MiMi), showing the U.S. housing market continuing to improve with two additional states – Florida and Arizona – entering their outer range of stable housing activity. The MiMi purchase applications indicator improved by 9% in 2015, its best showing since September 2013.The national MiMi value stands at 82.7, indicating a housing market that is on its outer range of stable housing activity. On a year-over-year basis, the national MiMi value has improved 7.65% percent. On a year-over-year basis, the most improving states were Florida (+16.59%), Oregon (+15.64%), Colorado (+14.09%), Washington (+12.58%) and Nevada (+12.54%). In December, 45 of 50 states and 86 of the top 100 metro areas were showing an improving three-month trend. The same time last year, 19 of 50 states, and 49 of the top 100 metro areas were showing an improving three-month trend.
Full Story… http://freddiemac.mwnewsroom.com/press-releases/u-s-housing-market-continues-its-steady-comeback-otcqb-fmcc-1245689?feed=429e0be3-9aef-4a3a-9775-43f8e470d510

* Appraisal Volume Records Fourth Week of Consecutive Increases. Appraisal volume recorded its fourth week of consecutive increases, with volume rising 1.9% for the week of February 14, according to the most recent report from a la mode, an appraisal forms software company that tracks appraisal volume throughout the country. Appraisal volume is an indicator of market strength and has some advantages over mortgage applications. Fallout is less for appraisals since they are ordered later in the mortgage process after credit worthiness determined and there are few multiple-orders.
Full Story… http://www.housingwire.com/articles/36351-appraisal-volume-records-fourth-week-of-consecutive-increases

Have a productive week!

Jason

 

Portland Metro Weekend Event Planner: Feb. 26-28, 2016

PORTLAND METRO EVENTS WEEKEND PLANNER
FOR FEB, 26-28, 2016

 

LEGO CONVENTION

SAT-SUN  Oregon Convention Center: Lego focused panels, games, vendors and continuous opportunities to interact with peers.

JAZZ FESTIVAL

THURS-SUN  Various Portland Locations: Performances from local acts and jazz legends.

BREWSTILLERY FESTIVAL

SAT  StormBreaker Brewing: 22 local Breweries and 21 Oregon Distilleries teaming up to create the perfect pairings.

ROMEO & JULIET

Through MAR 5  Keller Auditorium: Impossible-to-forget emotional journey intensified by what may be the most sublime music ever written for ballet. Oregon Ballet Theatre proudly returns James Canfield’s signature work.

INTERNATIONAL FILM FESTIVAL

THURS-SUN  Various Portland Locations: Outstanding new work by our region’s media makers, through 97 features and 62 short films from three-dozen countries.

AFRICAN FILM FESTIVAL

ALL MONTH  Portland Community College: 18 outstanding feature, documentary and short films from 11 African countries: Algeria, Morocco, Egypt, Ivory Coast, Nigeria, South Africa, Kenya, Uganda, Rwanda, Sudan, and Ethiopia.

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.

50 YEARS OF INDIAN CINEMA

ALL MONTH  Portland Art Museum: Indian cinema boasts the most prolific output of any national film industry on the planet—its films, stars, and songs are beloved at home and by millions around the world.

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.

ALICE IN WONDERLAND MUSICAL

ALL MONTH  Northwest Children’s Theater: Tumble down the rabbit hole as Alice’s adventures through Wonderland are transformed into a spectacular jazz odyssey! This original NWCT adaptation is filled with classic characters from the Mad Hatter to the Queen of Hearts and a beautiful original score inspired by jazz greats from Davis to Monk.

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

WEDDING SHOW

SAT  Clark County Event Center at the Fairgrounds: Quality, personable vendors that will work with every budget, every vision, and take care of the bridal party at every turn.

“THE WOMEN” PLAY

SAT  Magenta Theater: This brilliant play has assumed the status of a modern classic, immensely entertaining panorama of our modern metropolitan world from the feminine viewpoint set in the 1930’s.

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

• Eddie the Eagle

• Gods of Egypt

• Triple 9

• Crouching Tiger, Hidden Dragon

• King Georges

• The Last Man on the Moon

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

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