Portland Metro Event Weekend Planner: Jan. 28-31, 2016

PORTLAND METRO EVENTS WEEKEND PLANNER
FOR JAN. 28-31, 2016

AUTO SHOW

THURS-SUN  Oregon Convention Center: Touch and feel the newest automotive technology in the market today, plus get a glimpse into what is coming in the future. Enter to win a car & much more!

INTERNATIONAL CAT SHOW

FRI-SUN  Holiday Inn @ Portland Airport: Attend seminars, learn about different breeds of cats and watch them compete.

ART FESTIVAL

WED-SUN  Portland: Fertile Ground aspires to increase the appreciation for Portland’s lush creative culture, the artist and project spawned right here in our native soil.

MUSIC & FILM FESTIVAL

Through FEB 5  Downtown Portland: Eclectic mix of jazz, blues, rock, soul, opera, classical, avant-garde and everything in between.

HAWAIIAN EVENT

FRI-SUN  PCC Sylvania Campus: Authentic Hawaiian dinner, Polynesian dancing, live music & silent auction.

URBAN SCAVENGER HUNT

ALL MONTH  Smart phone clues lead you on a fun & engaging walking tour of the city. 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.

DUELING PIANO SHOW

ALL MONTH FRI & SAT  Barrel Room: Vegas style, request driven, audience interactive show complete with bits, games, sing-a-longs, comedy and some of the best players in the U.S. Discount Tickets.

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.

VANCOUVER METRO EVENTS

JAZZ FESTIVAL

FRI-SUN  Clark College: The festival attracts over 60 middle and high school instrumental jazz ensembles for the three day competitive festival.

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
Finest Hours
• Kung Fu Panda 3
• Greater
• Backtrack
• Jane Got A Gun
• Lazer Team
• Fifty Shades of Black
• Mountain Men

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: Jan. 25, 2016

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This Week in Real Estate there is news of the significant rebound of existing home sales in December as well as the healthy year-over-year increase in housing permits and starts, which bodes well for 2016. Below are a few of the highlights from the third week of January that influence our business:

* Existing-Home Sales Surge Back in December. Existing-home sales snapped back solidly in December as more buyers reached the market before the end of the year, and the delayed closings resulting from the rollout of the Know Before You Owe (TRID) initiative pushed a portion of November’s would-be transactions into last month’s figure. Led by the South and West, all four major regions saw large increases in December. Total existing-home sales ascended 14.7 percent to a seasonally adjusted annual rate of 5.46 million in December from 4.76 million in November. After last month’s turnaround (the largest monthly increase ever recorded), sales are now 7.7 percent above a year ago. Lawrence Yun, NAR chief economist, says December’s robust bounce back caps off the best year of existing sales since 2006. “While the carryover of November’s delayed transactions into December contributed greatly to the sharp increase, the overall pace taken together indicates sales these last two months maintained the healthy level of activity seen in most of 2015,” he said.
Full Story… http://www.realtor.org/news-releases/2016/01/existing-home-sales-surge-back-in-december

* Mortgage Performance Continues to Improve. It was a year of significant improvement in the distressed home arena. According to Black Knight Financial Services there was a 22 percent decrease in the national foreclosure inventory while the number of delinquent mortgages declined by nearly 15 percent.
Full Story… http://www.mortgagenewsdaily.com/01222016_black_knight_first_look.asp

* Home Starts Up 10.8 Percent in 2015. Total housing starts were up in 2015, weighing in at 1.11 million – that’s 10.8 percent higher than in 2014. Single-family starts were up 10.4 percent to 715,300 and multifamily starts were up 11.4 percent to 396,000. “All in all, we’ve made significant gains in 2015 as we closed out at the strongest calendar year for housing starts since 2007,” said Quicken Loans Vice President Bill Banfield. Housing permits were up for the year by 12 percent to 1.18 million with increases in both single-family (up 7.9%) and multifamily (11.4%). “We expect total starts to grow to 1.23 million in 2016, which would be an increase of 11 percent over the number initially reported for 2015. 1.23 million starts will be the highest year for starts since 2007,” said realtor.com Chief Economist Jonathan Smoke.
Full Story… http://eyeonhousing.org/2016/01/home-construction-up-for-2015/

* An Inside Look at Millenial Credit Profiles. Only 3% of Millenials have taken out a mortgage, while 24% have taken out student loans and 27% have opened credit card accounts. So, where is all their cash going? After all, this is the largest generation, with 92 million Millenials.
Full Story… http://www.housingwire.com/articles/36079-infographic-an-inside-look-at-millennial-credit-profiles?eid=322520585&bid=1288852

 
Have a productive week!
Jason

Portland Metro Weekend Events Planner: Jan. 22-24, 2016

PORTLAND METRO EVENTS WEEKEND PLANNER
FOR JAN. 22-24, 2016

HOMEOWNER’S SHOW

FRI-SUN  Veterans Memorial Coliseum: Enjoy exhibits, seminars, demonstrations, and other activities related to design and renovation.

SALSA NIGHTS

SAT Adrianna Hill Ballroom: Gala event featuring ten-piece Salsa music sensation Salsanova, with a dance lesson by International acclaimed Gemini

MUSIC & FILM FESTIVAL

Through FEB 5  Downtown Portland: Eclectic mix of jazz, blues, rock, soul, opera, classical, avant-garde and everything inbetween.

CHOCOLATE FEST

FRI-SUN  Oregon Convention Center: Sample, taste, savor, and delight in some of the finest chocolate from the Northwest and beyond!

URBAN SCAVENGER HUNT

ALL MONTH  Smart phone clues lead you on a fun & engaging walking tour of the city. 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.

DUELING PIANO SHOW

ALL MONTH FRI & SAT  Barrel Room: Vegas style, Request Driven, Audience Interactive Show complete with Bits, Games, Sing-A-Longs, Comedy and some of the best players in the U.S. Discount Tickets.

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.

“EMPIRE EXTENDED”

Through JAN 24  Rose Quarter Commons: Taking a page from Cirque and touring the world, “Empire” smashes through the borders of comedy, circus, vaudeville and burlesque, for a show featuring the most daring artists from across the globe.

VANCOUVER METRO EVENTS

VANCOUVER SYMPHONY CHAMBER SERIES GOES TO THE MOVIES

SUN  Kiggins Theatre: Three classic silent film classics presented with live music.

PRIME FIGHTING VI

SAT  Clark County Event Center at the Fairgrounds. Featherweight Title: Austin Springer vs. Toby Misech

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
Airlift
• Caged No More
• Dirty Grandpa
• Exposed
• Intruders
• IP Man 3
• Jeruzalem

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: January 18, 2016

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Despite the Dow Jones rough start to 2016, This Week in Real Estate continued to report very favorable year-end results from November and December, carrying forward the positive momentum in U.S. real estate. Below are a few of the highlights from the second week of 2016 that influence our business:

* All-Cash Share of U.S. Home Sales in November Jumps to Highest Level Since March 2013. RealtyTrac November home sales data shows the share of cash sales jumped to 38.1 percent of U.S. single family home and condo sales during the month – up from 29.8 percent in October and up from 30.9 percent a year ago to the highest level since March 2013, when 38.8 percent of all sales were all-cash. The 23 percent year-over-year increase in share of cash sales nationwide followed 29 consecutive months of annual declines in the share of all-cash home sales. “The jump in cash sales is likely a knee-jerk reaction to the new documentation and disclosure rules for mortgages that took effect in October, making it even more difficult for buyers using financing to compete with cash buyers in the already competitive housing market,” said Daren Blomquist, vice president at RealtyTrac. “Global economic instability may also be driving more foreign cash buyers back to the relative safety of U.S. real estate.” November cash share of home sales in the metro areas of Portland and Seattle were 37.9 percent and 31.9 percent respectively.
Full Story… http://www.realtytrac.com/news/home-prices-and-sales/november-2015-u-s-cash-sales-report/

* Consumer Confidence in December. The Consumer Confidence Index, recently released by the Conference Board, rose to 96.5 in December from 92.6 in November. Both subcomponents, the present situation and expectations indices, rebounded in December as well. The present situation index rose to 115.3 in December from 110.9 in November; the expectations index climbed up to 83.9 in December from 80.4 in November. As the recovery from the Great Recession continues, consumer confidence is climbing up toward to the pre-recession levels.
Full Story… http://eyeonhousing.org/2016/01/consumer-confidence-in-december-beyond-the-monthly-volatile-data/

* Home Appraisals Fall Short of Owner Expectations Last 11 Months of 2015; Spread Tightens in December. The average appraised values in December were 1.8% lower than the homeowner’s opinion of their home’s value, according to Quicken Loans national Home Price Perception Index (HPPI). December is the 11th straight month when appraised values were lower than homeowners expected, although December marks the fourth month the gap between the two values have narrowed. Appraised values increased a modest 0.18 percent from November, but have risen a steady 5.81 percent since December 2014 and 3.8 percent since the beginning of the year. The West remains the leader in annual home value growth, rising 8.61 percent since December 2014, while the Northeast trails all other regions with a 1.87 percent increase. “2015 bookends with the same story we have heard throughout the year – a housing supply that trails the demand, continuing to push values higher,” said Quicken Loans Chief Economist Bob Walters.
Full Story… http://www.quickenloans.com/press-room/2016/01/13/home-appraisals-fall-short-spread-tightens/

* CoreLogic: Foreclosures Fall to Lowest Level Since 2007. The inventory of homes in foreclosure continued to decrease in November 2015, falling to the lowest level since November 2007, a new report from CoreLogic showed. “Tight post-crash underwriting standards coupled with much improved economic and housing market fundamentals have combined to push new mortgage delinquencies to 15-year-lows,” said Anand Nallathambi, president and CEO of CoreLogic. The report shows that during the month of November foreclosure inventory declined by 21.8% and completed foreclosures declined by 18.8% compared with November 2014. The number of completed foreclosures in November was down 71.6% from the peak of 117,657 in September 2010. “30 states have foreclosure rates below the national average of 1.2% which is evidence of the solid improvement,” said Dr. Frank Nothaft, chief economist of CoreLogic. The foreclosure inventory rate at the end of November was 1.0% and 1.3% in Washington and Oregon respectively.
Full Story… http://www.housingwire.com/articles/36008-corelogic-foreclosures-fall-to-lowest-level-since-2007?eid=322520585&bid=1275777

 
Have a productive week!
Jason

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:

Warren Good – McMinnville

Tina O’Dell – Clark County Northwest

Tyler Bretanus – Clark County Northwest

Emily Parker – Sandy

Mitra Mahoney – West Portland

Tom Simpson– Columbia Tech Center

Soren Sorenson – West Portland

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.


Top Interior Design Trends for 2016

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The modern home is always evolving. And to get an idea of what it’s evolving to, look no further than what’s happening within its walls today. Here are 10 of the top design trends for 2016.

1) Two-tone kitchen cabinets. Keep upper cabinets white or neutral for a clean, timeless feel, then go crazy with the lower cabinets by playing with various wood tones and deeper colors to take your kitchen in two different style directions.

2) Living rooms that ditch the tech for family. With so much screen time throughout the day and night, homeowners are looking for a calm respite where they can read a book, chat with friends and family or just sit quietly. Thus, the rise of living rooms devoid of digital distraction.

3) Niche appliances. Looking for a little added luxury in the kitchen? Steam ovens (shown here) promise to cook food more thoroughly and healthily than microwaves; warming drawers give cooks a little wiggle room to deliver hot meals to family and guests; induction cooktops save space and are safer for homes with young kids; and kimchi refrigerators offer fans of the popular Korean condiment a chance to make their own at home.

4) Bidets. The separate bidet unit in bathrooms never really took off in America. But since manufacturers began creating combination bidet and toilet units, like the Toto version shown here, they’ve been catching on. According to Houzz data, 5 percent of renovated master bathrooms now include bidets.

5) Heated entryway floors. Sure, heated floors are popular in bathrooms, but if you live in a cold region, consider putting them in your entryway to help melt snow and dry boots.

3d rendering of the modern bathroom6) Statement mirrors in bathrooms. So long, medicine cabinets. Hello, statement mirrors. Think large wood-framed beauties, backlit modern marvels and ornate vintage gems that boost style in a bathroom.

7) Bathrooms that feel more like living spaces. Graphic wallpaper, ornate chandeliers and furniture-like pieces turn sterile spaces into ones that feel a lot more like home.

8) Fireplaces and fire features. New advances mean you can have all the ambiance without the smell, pollution or hassle of traditional wood-burning fireplaces. Plus, fireplaces are making a comeback as living room focal points in lieu of the dark void of a TV screen.

9) Farmhouse entryways. Stripping away the need for fancy flourishes or decor for decor’s sake, farmhouse style gets at the root of function. That’s why the style makes sense for mudrooms, where simplicity in storage and durability in materials are paramount.

StainlessSteel10) Colored stainless steel appliances. Black stainless steel is making a buzz on Houzz. In a poll, nearly two-thirds of Houzzers say they would consider the dark alternative to shiny silver metal. (Shown here is LG’s new Black Stainless collection.) Not into the darkness? Head to the light with Whirlpool’s Sunset Bronze finish.

Article courtesy of Houzz.com.


Portland Metro Weekend Events Planner: Jan. 15-17, 2016

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PORTLAND METRO EVENTS WEEKEND PLANNER
FOR JAN. 15-17, 2016

 

MARTIN LUTHER KING DAY EVENTS

FRI Jan 15: Congregation Beth Israel Campus

MON Jan 18: Hilton Hotel (6th) Breakfast

TUES Jan 19th ~ 28: MLK Week @Willamette University

BOAT SHOW

THURS-SUN JAN 14-17  Portland Expo Center: Look over a huge variety of boats to shop and compare until your heart’s content!  See new lines, brands and styles all at the Portland Boat Show.

BRIDAL SHOW

SAT-SUN JAN 16-17  Oregon Convention Center: Most attended bridal event in Oregon with runway fashion shows, delicious tastings and displays from the area’s most trusted wedding professionals, you will find everything to make your wedding day extraordinary.

MODEL TRAIN SHOW

SAT-SUN JAN 16-17  Portland Expo Center: Designed for children of all ages; for modelers, collectors and enthusiasts; for families in search of good old-fashioned fun; and for the simply curious. Kids 11 & under are free.

URBAN SCAVENGER HUNT

ALL MONTH  Smart phone clues lead you on a fun & engaging walking tour of the city. 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.

DUELING PIANO SHOW

ALL MONTH FRI & SAT  Barrel Room: Vegas style, Request Driven, Audience Interactive Show complete with Bits, Games, Sing-A-Longs, Comedy and some of the best players in the U.S. Discount Tickets.

HELEN KELLER PLAY

Through JAN 17  A play based on the life of Helen Keller, who became deaf & blind as an infant, and her teacher, Anne Sullivan, who enabled her to become one of the most influential women of the 20th Century. Artists Repertory Theatre.

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.

“EMPIRE EXTENDED”

Through JAN 24  Rose Quarter Commons: Taking a page from Cirque and touring the world, “Empire” smashes through the borders of comedy, circus, vaudeville and burlesque, for a show featuring the most daring artists from across the globe.

VANCOUVER METRO EVENTS

VANCOUVER SYMPHONY

SAT-SUN JAN 16-17  Skyview Concert Hall, Special guest pianist Dimitri Zhgenti along with the 70+ member orchestra led by music director and conductor Salvador Brotons, now in his 25th consecutive season as music director and conductor.

ANTIQUE & COLLECTIBLE SHOW

SAT-SUN JAN 16-17  Clark County Event Center: 400 booths filled with really wonderful old things. Estate jewelry, vintage clothing, period lighting, furniture, 40s kitchenware old tools, toys, prints, costume jewelry, old watches, BB guns & a whole lot more.

BOOKAPALOOZA

THURS-SAT JAN 14-16  FVRL District Headquarters, Biggest and best used book sale of the year.

OPEN SATURDAY AT PEARSON AIRBASE

SAT JAN 16  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
13 Hours: The Secret Soldiers
• The Perfect Day
• American Psycho
• Band of Robbers
• Intruders
• Norm of the North
• Remember
• Ride Along 2
• The Benefactor

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: Jan. 11, 2016

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This Week in Real Estate realized a strong start to 2016 fueled by a robust December jobs report and continued historically low mortgage rates. Below are a few of the highlights from the first week of 2016 that influence our business:

* U.S. Real Estate to Draw More Foreign Investors in 2016. Most foreign investors expect to put more money into U.S. property this year than they did in 2015, according to a survey by the Association of Foreign Investors in Real Estate. Sixty-four percent of respondents said they intend to make modest or major increases to investments in U.S. real estate this year, while thirty-one percent expect to maintain their holdings or reinvest sales proceeds into other U.S. assets. Sixty percent said the U.S. was the country providing the most stable and secure real estate investments and forty-six percent said the U.S. was the country providing the best opportunity for capital appreciation, according to the 24th annual survey by the group, known as AFIRE. Foreign purchases of U.S. real estate have soared since the financial crisis, jumping to $87.3 billion of completed deals last year, from less than $5 billion in 2009, according to Real Capital Analytics Inc. “The recent passage of legislation easing taxes for foreign pension funds that buy U.S. real estate  probably will boost investment further,” said Jim Fetgatter, chief executive of AFIRE.
Full Story… http://www.bloomberg.com/news/articles/2016-01-04/u-s-real-estate-to-draw-more-foreigners-in-2016-survey-says

* U.S. Adds 2.65 Million Jobs in 2015 For 2nd Best Year Since 1999. The year ended with a particularly strong sprint. In December, employers hired an additional 292,000 people, the Labor Department said, and October and November were revised up by a total of 50,000, pushing the average for the last three months to 284,000. For all of 2015, the nation added 2.65 million jobs, the second best year of jobs gains since 1999. The unemployment rate stayed at 5% for the third straight month, falling by more than half since exceeding 10 percent in October 2009.
Full Story… http://money.cnn.com/2016/01/08/news/economy/us-economy-jobs-second-best-year-since-1999/?iid=TL_Popular

* CoreLogic: Home Prices Surge 6.3% in November. Home prices nationwide, including distressed sales, surged 6.3% in November 2015 compared with November 2014 and increased by 0.5% in November 2015 compared with October 2015, according to the latest report from CoreLogic. Next year is projected to post similar results, with the CoreLogic HPI Forecast indicating that home prices will increase by 5.4% on a year-over-year basis from November 2015 to November 2016. “Heading into 2016, home price growth remains in its sweet spot as prices have increased between 5 and 6 percent on a year-over-year basis for 16 consecutive months,” said Frank Nothaft, chief economist for CoreLogic.
Full Story… http://www.housingwire.com/articles/35948-corelogic-home-prices-surge-63-in-november?eid=322520585&bid=1268130

* Black Knight: Home Prices Keep Rising, Now Just 5% off Pre-Crisis Peak. Home prices continued rising in October, marking the 42nd straight month of year-over-year home price appreciation, according to a new report from Black Knight Financial Services. According to Black Knight’s report, October’s national home price index of $254,000 puts national home prices up 26.9% since the bottom of the market at the start of 2012, and just 5.3% off the June 2006 peak of $268,000.
Full Story… http://www.housingwire.com/articles/35937-black-knight-home-prices-keep-rising-now-just-5-off-pre-crisis-peak?eid=322520585&bid=1266221

 
Have a productive week!
Jason

Portland Metro Weekend Events Planner: Jan. 8-10, 2016

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PORTLAND METRO EVENTS WEEKEND PLANNER
FOR JAN. 8-10, 2016

GLOBAL NO PANTS DAY

SUN JAN 10  Skidmore Fountain: Random passengers board a MAX car at separate stops in the middle of winter without pants. See Itinerary.

URBAN SCAVENGER HUNT

ALL MONTH  Smart phone clues lead you on a fun & engaging walking tour of the city. 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.

DUELING PIANO SHOW

ALL MONTH FRI & SAT  Barrel Room: Vegas style, Request Driven, Audience Interactive Show complete with Bits, Games, Sing-A-Longs, Comedy and some of the best players in the U.S. Discount Tickets.

HELEN KELLER PLAY

Through JAN 17  A play based on the life of Helen Keller, who became deaf & blind as an infant, and her teacher, Anne Sullivan, who enabled her to become one of the most influential women of the 20th Century. Artists Repertory Theatre.

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.

“EMPIRE EXTENDED”

Through JAN 24  Rose Quarter Commons: Taking a page from Cirque and touring the world, “Empire” smashes through the borders of comedy, circus, vaudeville and burlesque, for a show featuring the most daring artists from across the globe.

ROSE CITY GUN & KNIFE SHOW

SAT & SUN JAN 9-10  Portland Expo Center: Wes Knodel Gun Shows is your home for Portland and Pacific Northwest gun shows.

VANCOUVER METRO EVENTS

RESOLUTION RUN

SUN JAN 10  Battle Ground Village: Flat & fast course, 10K, 5K & 1K Cub Run. Polar Bear Slide for those who brave drop down to their bathing suits and run down the cold slip-n-slide.

MONSTERS DANCE CONVENTION

FRI-SUN JAN 8-10  The only all hip hop dance event, offering instruction from industry professionals and giving dancers real opportunities!

OPEN SATURDAY AT PEARSON AIRBASE

SAT JAN 9  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. Pearson Airbase.

NEW MOVIES OUT THIS WEEK
The Forset
• The Masked Saint
• Anesthesia
• The Treasure
• Wazir
• The Revenant

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: Jan. 4, 2015

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Happy New Year!
 
This Week in Real Estate brought a close to a memorable year. Below are a few of the highlights from the final week of 2015 that influence our business:
 
* Consumers Have Confidence in 2016. The Conference Board Consumer Confidence Index, which had decreased moderately in November, improved in December. The Index now stands at 96.5, up from 92.6 in November. The Present Situation Index increased from 110.9 last month to 115.3 in December, while the Expectations Index improved to 83.9 from 80.4 in November. “As 2015 drew to a close, consumers’ assessment of the current state of the economy remains positive, particularly their assessment of the job market. Looking ahead to 2016, consumers are expecting little change in both business conditions and labor market. Expectations regarding their financial outlook are mixed, but the optimists continue to outweigh the pessimists,” said Lynn Franco, Director of Economic Indicators at The Conference Board.
 
* What Fed Rate Hike? Interest Rates Hold Steady for 2nd Straight Week. Despite some declarations that the Federal Open Market Committee’s recent decision to raise the federal funds rate for the first time since June 2006 was a “disaster,” the FOMC’s decision is having a limited impact on mortgage interest rates thus far. Mortgage rates ticked up a little in the week that ended December 10 in anticipation of a Fed rate hike, with the average interest rate for a 30-year fixed-rate mortgage increasing during that week from 3.93% to 3.95%, according to Freddic Mac. And in the week that ended December 17, the week that included the FOMC’s decision to raise rates, mortgage rates ticked up slightly again, from 3.95% to 3.97%, but Freddie Mac’s chief economist, Sean Becketti said that interest rates should remain at “historically low levels” throughout 2016, in spite of whatever moves the Federal Reserve is expected to make. And according to the latest Primary Mortgage Market Survey report from Freddie Mac, interest rates held steady for the second week in a row, with the average interest rate for a 30-year fixed-rate mortgage actually falling slightly in the week that ended December 24, from 3.97% to 3.96%. 
 
Freddie Mac: Improving Mortgage Performance Equals Best MiMi in 15 Months. Housing markets across the country are steadily making their way into the stable range, according to Freddie Mac’s latest Multi-Indicator Market Index (MiMi). The MiMi monitors and measures the stability of the nation’s housing market, as well as the housing markets of all 50 states, the District of Columbia, and the top 100 metro markets. The most recent report said the national MiMi value now stands at 81.9, 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 6.31%. “The strong annual change of 6.31% is the best improvement we’ve seen in the MiMi on a year-over-year basis since July 2014,” said Freddie Mac Deputy Chief Economist Len Kiefer. “While strong home purchase applications and rising home values in some markets are contributing to this improvement, its largely more of a reflection of mortgage delinquencies continuing to decline at a steady pace, especially in those hardest hit markets, and a better employment picture overall,” he said. On an annual basis the leaders were Florida (+14.47%), Oregon (+12.2%), Colorado (+11.97%), Washington (+11.69%) and Nevada (+11.13%).
 
* Case-Shiller: Home Prices Continue Upward Trend. Home prices once again trended higher in October as positive economic news continues to support increases, according to the most recent S&P/Case-Shiller U.S. National Home Price Index, covering all nine U.S. census divisions. Home prices posted a slightly higher year-over-year gain with a 5.2% annual increase in October, up from a 4.9% increase in September. “Generally good economic conditions continue to support gains in home prices,” said David Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices. “Among the positive factors are consumers’ expectations of low inflation and further economic growth as well as recent increases in residential construction including single-family housing starts,” he continued. 
 
Have a productive week!
Jason