This Week in Real Estate: January 30, 2017

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The National Association of Realtors reported This Week in Real Estate that 2016 recorded the highest number of existing-home sales since 2006. Below are a few highlights from the fourth week of January that influence our business:

* Consumer Confidence Hits Highest Level in 12 Years. Consumers are now more confident in the economy than they have been in the previous 12 years. The Index of Consumer Sentiment increased 0.3% from December to 98.5 in January. This marks an increase of 7.1% from January of last year. “Consumers expressed higher level of confidence January than any other time in the last dozen years,” Surveys of Consumers Chief Economist Richard Curtin said. “The post-election surge in confidence was driven more a more optimistic outlook for the economy and job growth during the year ahead as well as more favorable economic prospects over the next five years.” “Consumers also reported much more positive assessments of their current financial situation due to gains in both incomes and household wealth, and anticipated the most positive outlook for their personal finances in more than a decade,” Curtin said. The Index of Consumer Expectations also increased by 0.9% from last month’s 89.5 and up 9.2% from 82.7 last year to 90.3 in January.

Full Story… http://www.housingwire.com/articles/39057-consumer-sentiment-hits-highest-level-in-12-years?eid=322520585&bid=1648380

* 2016 Sales Best Since 2006. Existing-home sales had a banner 2016, amounting to 5.45 million sales and surpassed the 5.25 million sales in 2015 as the highest since 2006 (6.48 million), according to the National Association of Realtors (NAR). “Solid job creation throughout 2016 and exceptionally low mortgage rates translated into a good year for the housing market,” says NAR Chief Economist Lawrence Yun. “The inventory of homes for sale fell to the lowest level in the 17 years for which data is available,” Nationwide Chief Economist David Berson said. “Looking at just single-family sales, the inventory of home for sale dropped to the second lowest level in the nearly 34 years for which data is available.” “This low level of inventories has two significant impacts: it reduces the number of sales as there are fewer homes to be purchased and it pushes up re-sale prices, with the median sales price of existing homes sold up by 5.5% in 2016 – the fifth consecutive year in which prices rose by more than 5%,” Berson said. “Given current population and economic growth trends, housing starts should be in the range of 1.5 million to 1.6 million completions and not stuck at recessionary levels. More needs to be done to address the regulatory and cost burdens preventing builders from ramping up production,” Yun said.

Full Story…  https://www.nar.realtor/news-releases/2017/01/existing-home-sales-slide-in-december-2016-sales-best-since-2006

* Sold Out: These 10 U.S. Cities Have The Biggest Housing Shortages. Increasingly across the U.S., there just aren’t enough homes being listed to meet demand. For the past 28 months, the housing market has been defined not just by demand, but also by the shrinking number of available homes for sale. First-time buyers are especially hard hit as housing shortages drive up prices. Realtor.com recently took a look at the 150 largest housing markets in the U.S., studying the proportion of homes available for sale in each city. These numbers were then compared to 2015-2016 percentages. Half of the top 10 lowest inventory markets are concentrated on the West Coast, with the other half composed mostly mid-sized midwestern cities. “More than two-thirds of the markets are seeing less inventory now compared to a year ago,” said Jonathan Smoke, chief economist at Realtor.com. Seattle took the cake with just 0.4 percent of the city’s homes up for sale, a decrease of 13.4 percent from 2016. Eugene, Oregon is next on the list with just 0.6 percent of homes on the market at an inventory decrease of 27.3 percent from last year. Sacramento, Portland and Santa Rosa also broke the top 10.

Full Story… http://www.realtor.com/news/trends/top-10-housing-markets-constrained-by-tight-inventory/?aid=11921783&pid=7597981&cid=aff_cj_rdcandrental_allaffiliates_cj

Have a productive week,
Jason


Portland Metro Weekend Events Planner: January 27-29, 2017

PORTLAND METRO WEEKEND EVENTS PLANNER
FOR JANUARY 27-29, 2017

 

PORTLAND RENOVATION AND LANDSCAPE SHOW
FRI-SUNOffering exhibits, seminars, demonstrations, and other activities related to design and renovation. Exhibitors will showcase everything for the home, including the latest in cabinetry and countertops, flooring, sunrooms and additions, basement finishing, waterproofing, smart home automation, and energy efficient windows, as well as exterior products.  

PORTLAND INTERNATIONAL AUTO SHOW
Through SUN – Check out the newest models, take test drives, explore the tech center or Blazer kid’s camp, enter to win a 2017 Volkswagen Alltrack, and so much more! 

THE GREAT TRAIN SHOW
SAT-SUN – The only coast-to-coast traveling train show, with events in dozens of major cities across the country. Each show features hundreds of tables of trains for sale, huge operating displays, activities for kids and more.

INTERNATIONAL CAT SHOW
FRI-SUN – Watch over 50 breeds of cats compete! Bring canned food to support the Oregon Food Bank to get a discounted entry.

PORTLAND’S RAIN OF GLASS SALE
SAT-SUN – Shop for beautiful glass items, antiques, and collectables at the Washington County Fairgrounds

TRUFFLE FESTIVAL
Through SUN – Hear speakers and enjoy fine dining at the Oregon Truffle Festival, in Portland Jan. 20-22; Eugene Jan. 26-29. Some events will sell out.

FERTILE GROUND ARTS FESTIVAL
Through SUN – This city-wide festival is focused on new work in the Arts. It features world-premiere projects, staged readings, developing works and a myriad of other arts events from the Portland creative community.

PORTLAND CENTER STAGE, ASTORIA: PART 1
Through February 12 – A World Premiere! This monumental piece of American history will be told in two parts over the course of two seasons. Part One is about the journey to Astoria and Part Two is about the establishment of Astoria, the first permanent United States settlement on the West Coast.

EMILY DICKINSON PLAY
Through SUN – Set in her Amherst home, The Belle of Amherst tells the story of reclusive poet Emily Dickinson through her words, poetry, diaries, and letters in Milwaukie. Discount tickets $10.

FILM & MUSIC FESTIVAL
Through February 5 – Reel Music Festival screens new films and timeless classics with a music theme at Portland Art Museum.

FRIDAY DANCE PARTY
Through February 24 – Giant music videos, colorful lights, and pounding music await you at the ’80s Video Dance Attack in Lola’s Room or McMenamins Crystal Ballroom for age 21+. Discount tickets $6 for two people.

MURDER MYSTERY
Through February 8 – Based on a novel by Agatha Christie, Murder on the Nile is a whodunit set on a honeymoon cruise down the Nile River at Lakewood Center for the Arts in Lake Oswego. Discount tickets $16.

URBAN SCAVENGER HUNT
ALL MONTH  Smartphone clues lead you on a fun & engaging walking tour of the city. Clues start you in the heart of downtown at Pioneer Courthouse Square and will take you on a scavenger hunt through the Arts District, on a streetcar ride and among the famous food carts.

SHANROCK’S TRIVIOLOGY
ALL MONTH – Various Portland Locations: Triviology pub quizzes are free to play, last a couple of hours, and are composed of seven short rounds, giving teams instant gratification for their efforts. Team size can range from one to five players, with prizes for everyone on the winning team.

HAUNTED PUB TOUR
All Month – This spine-tingling ghost tour explores Portland’s historic Old Town District, a vibrant area with beautiful 1800’s buildings, cobblestone streets and a wicked past.

PORTLAND ESCAPE ROOMS
All Month THURS-SUNCedar Hills/Beaverton Locations: Real-life room escape games are a type of physical adventure game in which people are locked in a room with other participants and have to use elements of the room to solve a series of puzzles, find clues, and escape the room within a set time limit.

 

VANCOUVER METRO EVENTS

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.

CLARK COLLEGE JAZZ FESTIVAL
THURS-SAT – One of the largest jazz festivals in Southwest Washington for over 50 years! Groups perform to an esteemed panel of adjudicators for the privilege of returning for the evening finals competition.

ROCKY HORROR PICTURE SHOW
SATThe Rocky Horror Picture Show will be shown on a screen as actors perform along with the movie, and audience participation is encouraged!

NEW MOVIES OUT THIS WEEK
· A Dog’s Purpose
· Resident Evil: The Final Chapter
· Renegades
· Lost in Florence
· Sophie and the Rising Sun
· Midsummer in Newtown

Click here for movie times and theaters.

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

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


This Week in Real Estate: January 23, 2017

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Favorable year-over-year increase in single-family construction starts were reported This Week in Real Estate while the National Association of Home Builders expects a 10 percent growth in single-family construction in 2017. Below are a few highlights from the third week of January that influence our business:

* Builder Confidence Holds Firm in January. Builder confidence in the market for newly-built single-family homes remained on firm ground in January, down two points to a level of 67 from a downwardly revised December reading of 69 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The solid reading is consistent with building expectations heading into the new year. NAHB expects 10 percent growth in single-family construction in 2017, adding to the gains of 2016. However, ongoing industry concerns include rising mortgage interest rates as well as a lack of lots and access to labor. The HMI rose sharply in December as the election results raised hopes among builders that a new Congress and administration will help create a better business climate for small businesses, particularly with respect to improving regulatory costs, which increased more than 29% over the last five years. Looking at the three-month moving averages for regional HMI scores, the Northeast rose two points to 52 and the Midwest posted a three-point gain to 64. The South and West each held steady at 67 and 79, respectively.

Full Story… http://eyeonhousing.org/2017/01/builder-confidence-holds-firm-in-january-2/

* Single-Family Housing Starts Up 9% in 2016. For 2016 as a whole, single-family construction improved 9.3% over the 2015 level of starts. And as measured on a three-month moving average, single-family starts are at a post-cycle high. This increase is consistent with the recent growth in the NAHB/Wells Fargo measure of single-family builder confidence. Single-family permits also point to more growth in 2017. Single-family permits grew 4.7% in December, reaching an annual rate of 817,000, the fastest pace in the current cycle. Total starts were up 11.3% in December, rising to a 1.226 million seasonally adjusted annual rate. Focusing on housing’s economic impact, in December 57% of homes under construction were multi-family (604,000). This multifamily count is 8% higher than a year ago. There were 450,000 single-family units under construction, a gain of 7% from this time in 2015. This is the highest count of single-family units under construction since 2008.

Full Story…  http://eyeonhousing.org/2017/01/single-family-housing-starts-up-9-in-2016/

* Ellie Mae: Closing Rates in December Hit Highest Point For The Year. Closing rates for all loans in December hit their highest point of 2016, according to Ellie Mae’s Origination Insight Report. Closing rates for all loans increased to 73.2% in December. While refinance closing rates increased from 68.7% in November to 69.6%, purchase closing rates increased from 76.1% in November to 77% in December. As more loans closed, the market also shifted slightly away from refinances and towards purchase loans. With the increase in interest rates, the total number of refi originations shrank to 46% in December, down from 47% the previous month. But the purchase origination market remained strong, increasing from 54% of all closed loans. “As rates began to increase we saw purchases tick back up in December, signaling the start of a trend we expect to continue into 2017,” Ellie Mae president and CEO Jonathan Corr said. The time to close a loan continued to increase in December, increasing from 49 days in November to December’s 50 days. Time to close a refinance increased to 52 days while time to close a purchase loan increased to 48 days, both an increase of one day from the previous month. Average FICO scores slipped to 726 from 728 in November. Conventional purchase FICO scores held steady at 753 for the third month in a row while conventional refis decreased from 743 in November to 739 in December. FHA purchase FICOs also stayed the same at 686 and refinance FICO scores increased one point to 655 in December.

Full Story… http://www.housingwire.com/articles/38984-ellie-mae-closing-rates-in-december-hit-highest-point-for-the-year?eid=322520585&bid=1639858

Have a productive week,
Jason


Portland Metro Weekend Events Planner: January 20-22, 2017

PORTLAND METRO WEEKEND EVENTS PLANNER
FOR JANUARY 20-22, 2017

 

CHOCOLATE & WINE FESTIVAL
FRI-SUN – Sample local and international chocolates and wine, and see chocolate presentations at ChocolateFest in the Oregon Convention Center.

JAPANESE NEW YEAR
THURSJapanese New Year Celebration (Shinnenkai) includes New Year’s foods (osechi), sushi, dessert, beer, sake, and traditional music at Montgomery Park.

TRUFFLE FESTIVAL
FRI through January 29 – Hear speakers and enjoy fine dining at the Oregon Truffle Festival, in Portland Jan. 20-22, and Eugene Jan. 26-29. Some events will sell out.

ROSE CITY CLASSIC DOG SHOW
Through January 22 – One of the largest and most popular dog events in the United States. Spanning 5 days, it starts with Individual Breeds and Group (all Terrier breeds, e.g.) with specialty shows on Wednesday. This is followed by 4 days of all-breed dog shows, representing more than 185 individual breeds.

FERTILE GROUND ARTS FESTIVAL
Through January 29 – This city-wide festival is focused on new work in the Arts. It features world-premiere projects, staged readings, developing works and a myriad of other arts events from the Portland creative community.

KIDS MUSIC SHOW & DANCING
SUN – Enjoy this variety show designed for children and their companion parents at the Crystal Ballroom. The afternoon starts with parent networking, with a play area and other hands-on activities for the kids. Then DJ Anjali warms up the kids with dancing. Afterwards, skits and life-size puppets alternate with musical acts.

PORTLAND CHARITY WEDDING DRESS DASH
SATBrides for a Cause and Z100 are hosting the 4th annual Dress Dash. Get discounted wedding dresses for only $150!

PORTLAND CENTER STAGE, ASTORIA: PART 1
Through February 12 – A World Premiere! This monumental piece of American history will be told in two parts over the course of two seasons. Part One is about the journey to Astoria and Part Two is about the establishment of Astoria, the first permanent United States settlement on the West Coast.

EMILY DICKINSON PLAY
Through January 29 – Set in her Amherst home, The Belle of Amherst tells the story of reclusive poet Emily Dickinson through her words, poetry, diaries, and letters in Milwaukie. Discount tickets $10.

FILM & MUSIC FESTIVAL
Through February 5 – Reel Music Festival screens new films and timeless classics with a music theme at Portland Art Museum.

FRIDAY DANCE PARTY
Through February 24 – Giant music videos, colorful lights, and pounding music await you at the ’80s Video Dance Attack in Lola’s Room or McMenamins Crystal Ballroom for age 21+. Discount tickets $6 for two people.

MURDER MYSTERY
Through February 8 – Based on a novel by Agatha Christie, Murder on the Nile is a whodunit set on a honeymoon cruise down the Nile River at Lakewood Center for the Arts in Lake Oswego. Discount tickets $16.

URBAN SCAVENGER HUNT
ALL MONTH  Smartphone clues lead you on a fun & engaging walking tour of the city. Clues start you in the heart of downtown at Pioneer Courthouse Square and will take you on a scavenger hunt through the Arts District, on a streetcar ride and among the famous food carts.

SHANROCK’S TRIVIOLOGY
ALL MONTH – Various Portland Locations: Triviology pub quizzes are free to play, last a couple of hours, and are composed of seven short rounds, giving teams instant gratification for their efforts. Team size can range from one to five players, with prizes for everyone on the winning team.

HAUNTED PUB TOUR
All Month – This spine-tingling ghost tour explores Portland’s historic Old Town District, a vibrant area with beautiful 1800’s buildings, cobblestone streets and a wicked past.

PORTLAND ESCAPE ROOMS
All Month THURS-SUNCedar Hills/Beaverton Locations: Real-life room escape games are a type of physical adventure game in which people are locked in a room with other participants and have to use elements of the room to solve a series of puzzles, find clues, and escape the room within a set time limit.

VANCOUVER METRO EVENTS

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.

CLARK COUNTY ANTIQUE & COLLECTIBLE SHOW
SAT-SUN – The show returns with many thousands of outstanding vintage items ranging from period lighting to estate jewelry and everything in between. If you are a treasure hunter, decorator, collector or just like to find pieces from your past, the Clark County Antique & Collectible Show is for you.

VANCOUVER SYMPHONY ORCHESTRA
SAT – Audiences will be treated to masterpieces of Baroque, Classical and Romantic eras composed by three of the most significant composers of all time–Bach, Beethoven and Brahms.

NEW MOVIES OUT THIS WEEK
·  Monster Trucks
·  XXX: The Return of Xander Cage
·  The Resurrection of Gavin Stone
·  Trespass Against Us
·  The Founder
·  The Red Turtle
·  Split
·  Detour
·  Faith’s Song

Click here for movie times and theaters.

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

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


10 Things Only People Who Went to Oregon Will Understand

Located in Eugene, the University of Oregon has a rich history and a stellar reputation. And if you’re lucky enough to be a part of the UO alumni, you’re very proud to be a Duck. Here are ten things that only people who went to the University of Oregon will understand.

10. You Were Wet All the Time

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You’ve become accustomed to showing up to class soaking wet because there’s no way to avoid the rain in Oregon. Even if you owned an umbrella you still found yourself forgetting it most days. But it was always fine, because everyone else in your class would be in the same boat as you.  

9. Munchin’ Out with Late Night Eats

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If you were hungry late at night, you wouldn’t think twice before heading to Prince Puckler’s for some ice cream. If you were hungry after 11:00pm, you gladly settled for a burrito at Burrito Boy.

8. You’re a True Steve Prefontaine Fan

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Track star and Olympian Steve Prefontaine will always be a hero in your eyes. Not only because he attended UO, but also because he was born in Oregon and died in Oregon.  

7. Oregon Games, Especially the Tailgating

Via Andrew Seng/Emerald

You know that if you attend the University of Oregon, you have to be prepared to take tailgating seriously. It was the best part of any game day, getting together with your friends and fellow students in the parking lot to eat, drink, and cheer on the Ducks.

6. Avoiding The Collier House at All Costs

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You never went into the Collier House because you were 99% sure a ghost lived there. Located in the middle of campus, the Collier House is abandoned, run-down, and is by far the most haunted looking building in Eugene.  

5. Power Walking Through the Pioneer Cemetery

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Speaking of ghosts, having to walk through the Pioneer Cemetery every day to get to your classes was the creepiest part of attending the University of Oregon, and it’s one thing you definitely do not miss.

4. Waiting in Line at Lillis Café

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Lillis Café was your go-to spot for years, if you could find a free table. It is still always filled with students who are trying to get their caffeine fix before rushing off to their next class.

3. Nike Was More Than a Company

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Phil Knight and Bill Bowerman both graduated from the UO and then ran the UO Track & Field Program. They also are the co-founders of Nike. Nike manufactures all of the school’s logo, clothing and uniforms, and has made significant donations to the university. This explains why after you graduate you will still proudly wear Nike.

2. Coffee. Lots of Coffee.

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Coffee is so important to you, and you truly believe you wouldn’t have been able to graduate without it. You had it with breakfast, lunch, and dinner for years, and you still know the beans in Eugene are the best in the country.

1. The University of Oregon is the Best School in the USA

via GIPHY

You know all the lyrics to the mighty Oregon chant song, and if you recently attended UO, you probably also know all the lyrics to the single ‘I Love My Ducks (Return of the Quack)’ by Supwitchugirl, a band composed of three UO students.  


This Week in Real Estate: January 16, 2017

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The attention grabbing headline This Week in Real Estate was from the Federal Housing Administration and their decision to reduce the annual insurance premiums on most FHA mortgages. Below are a few highlights from the second week of January that influence our business:

* Supply Watch: Gradual Single-Family Construction Expected in 2017. More single-family homes will be constructed in 2017, but at a gradual rate, reported economists at the recent National Association of Home Builders (NAHB) International Builders’ Show. The NAHB expects single-family construction to rise 10 percent to 855,000 units, and to 12 percent to 961,000 in 2018. Sixty-four percent of home builders, according to NAHB Chief Economist Robert Dietz, are seeing “low” to “very low” lot supplies. “While positive developments on the demand side will support solid growth in the single-family housing sector in 2017, builders in many markets continue to face supply-side constraints led by the three Ls – lots, labor and lending,” said Dietz. Confidence and growth in the economy could give home-building a boost, with home builders optimistic that the new administration will lower construction costs. Said Dietz, “Regulatory requirements make up nearly 25% of the cost of a new home.
Full Story… http://www.nahb.org/en/news-and-publications/press-releases/2017/01/housing-will-continue-gradual-climb-to-higher-ground-in-2017.aspx

* FHA To Reduce Annual Insurance Premiums on Most Mortgages. As the nation’s housing market continues to improve, U.S. Housing and Urban Development Secretary Julian Castro announced this week the Federal Housing Administration (FHA) will reduce the annual premiums most borrowers will pay by a quarter of a percent. FHA’s new premium rates are projected to save new FHA-insured homeowners an average of $500 this year. FHA is reducing its annual mortgage insurance premium by 25 basis points for most new mortgages with a closing date on or after January 27, 2017. “After four straight years of growth and with sufficient reserves on hand to meet future claims, it’s time for FHA to pass along some modest savings to working families,” said Secretary Castro. “This is a fiscally responsible measure to price our mortgage insurance in a way that protects our insurance fund while preserving the dream of homeownership for credit-qualified borrowers.”
Full Story…  https://portal.hud.gov/hudportal/HUD?src=/press/press_releases_media_advisories/2017/HUDNo_17-003

* Foreclosure Inventory Declines Another 30%. Once again, foreclosure inventory declined 30% annually in November, and completed foreclosures decreased 25.9% from November 2015, according to the November 2016 National Foreclosure Report from CoreLogic. Since November of 2015, foreclosures dropped from 35,000 to 26,000. This represents a decrease of 78.2% from September 2010’s peak of 118,339 foreclosures. “The 7% appreciation in home prices through November 2016 has added an average of $12,500 in home-equity wealth per homeowner across the U.S. during the last year,” CoreLogic President and CEO Anand Nallathambi said. “Sustained growth in home prices is clearly bolstering homeowners’ spending power and balance sheets and, as a result, spurring a continued drop in defaults.”
Full Story… http://www.corelogic.com/about-us/news/corelogic-reports-26,000-completed-foreclosures-in-november-2016.aspx

Have a productive week.
Jason


Portland Metro Weekend Event Planner: January 13-16, 2017

PORTLAND METRO EVENTS WEEKEND PLANNER
FOR JANUARY 13-16, 2017

 

PRIMAL NUTRITION FARM-TO-TABLE DINNER & CHARITY GALA

SAT – This charity gala will benefit two non-profit organizations, the Savory Institute and Hunt Gather Grow Foundation. They both advocate strongly for animal welfare, holistic nutrition, healing and wellness. There is a 6 course farm-to-table dinner included, silent auctions, and a valuable swag bag for each attendee! Ecotrust Building in Portland.

BOURBON & BACON

SAT @ 7PM – Sip bourbon and taste bacon treats at the Bourbon and Bacon Fest at OMSI for age 21+.

MLK BREAKFAST

MON – Expect a keynote speaker at the Martin Luther King, Jr. Breakfast at the Hilton Hotel.

JRR TOLKIEN BIRTHDAY BASH

SAT – McMenamins Kennedy School. Elves, wizards, orcs and all others are invited to join in this all-day celebration of J.R.R. Tolkien, one of the 20th Century’s most influential authors. We’ll have live music, Willamette Radio Workshop broadcasting live, Hobbit-inspired food specials and more!  

PORTLAND BOAT SHOW

Through SAT – See the latest sailboats, sport boats, fishing boats, personal watercraft, and boating accessories at the Portland Boat Show at Portland Expo Center.

PORTLAND CENTER STAGE, ASTORIA: PART 1

 SAT through February 12 – A World Premiere! This monumental piece of American history will be told in two parts over the course of two seasons. Part One is about the journey to Astoria and Part Two is about the establishment of Astoria, the first permanent United States settlement on the West Coast.

APPALACHIAN MUSIC GATHERING

Through SUN – Hear traditional Appalachian-style string-band music at Old Time Music Gathering at the Tiffany Center.

EMILY DICKINSON PLAY

Through January 29 – Set in her Amherst home, The Belle of Amherst tells the story of reclusive poet Emily Dickinson through her words, poetry, diaries, and letters in Milwaukie. Discount tickets $10.

FILM & MUSIC FESTIVAL

Through February 5 – Reel Music Festival screens new films and timeless classics with a music theme at Portland Art Museum.

FRIDAY DANCE PARTY

Through February 24 – Giant music videos, colorful lights, and pounding music await you at the ’80s Video Dance Attack in Lola’s Room or McMenamins Crystal Ballroom for age 21+. Discount tickets $6 for two people.

REPTILE SHOW 

SAT – See frogs, snakes, geckos, and other exotic creatures at Portland Metro Reptile Expo, with educational tables and vendors at the Holiday Inn on Columbia Boulevard. Discount tickets.

BRIDAL SHOW 

 SAT-SUN – Portland Bridal Show is billed as the state’s largest. It features fashion shows and wedding-service exhibitors at the Oregon Convention Center.

FOLK MUSIC FESTIVAL

SAT-SUN – Winter Music Festival features performances, jam sessions, a pie-baking contest and sale, and an artisan fair with two dozen vendors in Florence.

MURDER MYSTERY

Through February 8 – Based on a novel by Agatha Christie, Murder on the Nile is a whodunit set on a honeymoon cruise down the Nile River at Lakewood Center for the Arts in Lake Oswego. Discount tickets $16.

URBAN SCAVENGER HUNT
ALL MONTH  Smartphone clues lead you on a fun & engaging walking tour of the city. Clues start you in the heart of downtown at Pioneer Courthouse Square and will take you on a scavenger hunt through the Arts District, on a streetcar ride and among the famous food carts.

SHANROCK’S TRIVIOLOGY
ALL MONTH – Various Portland Locations: Triviology pub quizzes are free to play, last a couple of hours, and are composed of seven short rounds, giving teams instant gratification for their efforts. Team size can range from one to five players, with prizes for everyone on the winning team.

HAUNTED PUB TOUR
All Month – This spine-tingling ghost tour explores Portland’s historic Old Town District, a vibrant area with beautiful 1800’s buildings, cobblestone streets and a wicked past.

PORTLAND ESCAPE ROOMS
All Month THURS-SUNCedar Hills/Beaverton Locations: Real-life room escape games are a type of physical adventure game in which people are locked in a room with other participants and have to use elements of the room to solve a series of puzzles, find clues, and escape the room within a set time limit.

VANCOUVER METRO EVENTS

 

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.

WATERCOLOR PAINTING WORKSHOP

SAT – Tamra Sheline will offer a monthly watercolor on Yupo workshop. This class will allow you to build on your skills in a fun relaxed atmosphere.

QUILTING OPEN WORKSHOP

FRI – Those quilters who love English paper piecing, or those who would like to learn, can join us on the second Friday of each month from 10 am to 2 pm to enjoy a few hours of stitching hexis and other shapes. 

NEW MOVIES OUT THIS WEEK
·         Monster Trucks
·         Patriots Day
·         100 Streets
·         Live By Night
·         The Bye Bye Man
·         The Crash
·         Sophie and the Rising Sun
·         Clair In Motion
·         The Book of Life

Click here for movie times and theaters.

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

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


This Week in Real Estate: January 9, 2016

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As we welcomed in the new year This Week in Real Estate, confidence levels, both consumer and builder, reportedly have reached their highest points in more than a decade. Below are a few highlights from the first week of January that influence our business:

* U.S. Consumer Confidence Jumps to Highest Level Since 2001. Consumer confidence climbed in December to the highest level since August 2001 as Americans were more upbeat about the outlook than at any time in the last 13 years, according to a report from the New York-based Conference Board. Confidence index increased to 113.7 from a revised 109.4 in November. Measure of consumer expectations for the next six months rose to 105.5, the highest since December 2003, from 94.4. Share of Americans expecting better business conditions six months from now rose to 23.6 percent, the highest since February 2011, from 16.4 percent. “The post-election surge in optimism for the economy, jobs and income prospects, as well as for stock prices which reached a 13-year high, was most pronounced among older consumers,” said Lynn Franco, director of economic indicators at the Conference Board.
Full Story… https://www.bloomberg.com/news/articles/2016-12-27/u-s-consumer-confidence-index-increased-to-113-7-in-december

* Home Builder Confidence Ends the Year at Highest Point Since 2005. Home builders saw a significant boost in confidence after President-elect Donald Trump won the election, according to the National Association of Home Builders/Wells Fargo Housing Market Index. This increase brought builder sentiment up seven points to a level of 70, the index’s highest point since July 2005. “This notable rise in builder sentiment is largely attributable to a post-election bounce, as builders are hopeful that President-elect Trump will follow through on his pledge to cut burdensome regulations that are harming small businesses and housing affordability,” said NAHB Chairman Ed Brady. “The rise in the HMI is consistent with recent gains for the stock market and consumer confidence,” NAHB Chief Economist Robert Dietz said. “At the same time, builders remain sensitive to rising mortgage rates and continue to deal with shortages of lots and labor.”
Full Story… http://www.housingwire.com/articles/38764-home-builder-confidence-ends-the-year-at-highest-point-since-2005?eid=322520585&bid=1624886

* Foreign Investors Remain Bullish on U.S. Real Estate Despite Increasing Caution. Reflecting a lack of suitable global alternatives and a proven track record of steady returns generated by U.S. real estate, the latest annual survey of overseas investors by the Association of Foreign Investors in Real Estate (AFIRE) confirmed once again that the United States remains by far the world’s most popular destination for foreign real estate capital. An overwhelming 95% of respondents to the AFIRE survey said they planned to increase or maintain their level of U.S. investment, and 66% said their sentiment was unchanged or more optimistic about the prospect for U.S. real estate. In addition to securing its status as the leading U.S. city for foreign capital for a seventh consecutive year, New York City ranked as the world’s top city for foreign capital for the third year in a row. Los Angeles again ranked #2 among U.S. cities for the second straight year, followed by Boston, Seattle and San Francisco.
Full Story… http://www.costar.com/News/Article/Survey-While-Signaling-Caution-Foreign-Investors-Remain-Bullish-on-US-Real-Estate/187814

Have a productive week.
Jason


Portland Metro Weekend Events Planner, January 6-8, 2017

Close-up of child holding colorful wax crayons in hands
PORTLAND METRO EVENTS WEEKEND PLANNER
FOR JANUARY 6-8, 2017

 

BEESWAX CRAYON-MAKING WORKSHOP

SAT – Join us for a hands-on, family-friendly workshop to learn about how bees make and use wax, how to make your own beeswax crayons, and for an educational coloring activity.

WILD WOOD WINTER BASH
SAT – A creepy winter wonderland meets a glam downtown soiree. To celebrate Theatre Vertigo’s newly commissioned play, Carnivora, explore the world of the macabre with a night of eerily wonderful entertainment and deliciously wicked beverages and hors d’oeuvres.
BRAVO WEDDING AFFAIR
SUN – The Wedding Affair’s vignette style and intimate format allows for couples to view the latest trends, interact with the wedding professionals that created them, and plan their wedding in one afternoon!
FINDING NEVERLAND
Through SATBroadway’s biggest new hit and the winner of Broadway.com’s Audience Choice Award for Best Musical!
JOHN WITHERSPOON AT HELIUM COMEDY CLUB
THURS-SAT – You probably remember John Witherspoon as Ice Cube’s outrageously funny, dog-catching dad in the movie Friday, or as “Pops” on the  syndicated sitcom The Wayans Brothers…or as Spoon on NBC’s The Tracy Morgan Show.

FREE ADMISSION, PORTLAND ART MUSEUM

THURS – Visit the Portland Art Museum on Free Days the first Thursday of every month.

FRI – Kids’ night: The First Friday Night of each month kids get free admission to the Portland Children’s Museum.

WRESTLESPORT PRO WRESTLING

SATWrestleSport will debut a new look and feel of professional wrestling, formatted specifically for a theater setting. The excitement and athleticism of in-ring action will be accompanied by complex storytelling and theatrical presentation.

FESTIVAL OF CURIOSITIES

SAT-SUNCurious Gallery features exhibits, presentations, hands-on workshops, and special programming for lovers of taxidermy, natural wonders, and strange treasures (wunderkammer) at the Crowne Plaza.

DRINK-N-DRAW

SUN – Drinkers and artists of widely varied skill gather for an evening of collaborative artistry. Live, clothed models will be present. Every month on the second Saturday at Jack’s Tap Room and QB Grill.

NO PANTS ON THE MAX

SUNThe No Pants Ride – Portland mimics the New York version held the same day, but it takes place on the Max with an after party. See website for details.

MURDER MYSTERY

SUN through February 8 – Based on a novel by Agatha Christie, Murder on the Nile is a whodunit set on a honeymoon cruise down the Nile River at Lakewood Center for the Arts in Lake Oswego. Discount tickets $16.

URBAN SCAVENGER HUNT
ALL MONTH  Smartphone clues lead you on a fun & engaging walking tour of the city. Clues start you in the heart of downtown at Pioneer Courthouse Square and will take you on a scavenger hunt through the Arts District, on a streetcar ride and among the famous food carts.

SHANROCK’S TRIVIOLOGY
ALL MONTH – Various Portland Locations: Triviology pub quizzes are free to play, last a couple of hours, and are composed of seven short rounds, giving teams instant gratification for their efforts. Team size can range from one to five players, with prizes for everyone on the winning team.

HAUNTED PUB TOUR
All Month – This spine-tingling ghost tour explores Portland’s historic Old Town District, a vibrant area with beautiful 1800’s buildings, cobblestone streets and a wicked past.

PORTLAND ESCAPE ROOMS
All Month THURS-SUNCedar Hills/Beaverton Locations: Real-life room escape games are a type of physical adventure game in which people are locked in a room with other participants and have to use elements of the room to solve a series of puzzles, find clues, and escape the room within a set time limit.

VANCOUVER METRO EVENTS

MONSTERS DANCE CONVENTION

FRI – Join us at the Hilton Vancouver Washington Hotel for a full weekend of dance classes and events, plus auditions, vendors, and our Club Stylz showcase!

CAMAS FIRST FRIDAYS
FRI – Art exhibits featuring local artists, dining, themed shopping events and family activities are part of each First Friday line-up.

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
·         A Monster Calls
·         Hidden Figures
·         Underworld: Blood Wars
·         Lost & Found
·         Railroad Tigers
·         The Bronx Bull

Click here for movie times and theaters.

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

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


Portland Metro Weekend Events Planner: December 30-January 1, 2017

Smiling people at party
PORTLAND METRO EVENTS WEEKEND PLANNER
FOR DECEMBER 30-JANUARY 1, 2017

CHAMPAGNE BALL
SAT – Ring in the New Year at the 26th Annual Champagne Ball. Four party rooms, three dance floors & 17 bars! Live bands, DJ’s, hors d’oeuvers buffet, complimentary glass of champagne and much more!

GOVERNOR’S BALL
SAT – An exclusive night of intrigue at Portland’s largest philanthropic New Year’s Eve Gala, join us in your finest black tie and evening gown attire for a night you’ll never forget!

VOTE FOR DANCING
FRI-SUN – A playful New Year’s Eve celebration that encourages us to strive for depth. We see Vote For Dancing as an opportunity to be more playful, to have more fun, and to go deeper at the same time.

FIRST RUN
SAT – 10K, 5K or 1.5 mile run/walks available. The courses take participants along the waterfront and across 2 bridges, with spectacular nighttime views of the lights of our beautiful city. Enjoy the fitness benefits of a run or walk, and a celebration at One World Trade Center with food, beverages, music, dancing, costume contest and much more!

NEW YEAR’S EVE EXTRAVAGANZA
SAT – An amazing 4-hour show filled with improv, sketch, aerial acts and stand up. Appetizers and dessert all night long with a champagne toast at midnight. Please join us on this amazing night to ring in the new year!

JAI HO! BOLLYWOOD NEW YEAR’S EVE
SAT – Music & dance transcend language, nationality, skin color & other labels. Let’s connect on the dance floor to celebrate our unity in diversity. Party Favors for the first 100 to enter, Henna by donation, live music, Indian hor d’oeuvres, professional photography & more.

NEW YEAR’S EVE WITH ANJALI AND THE INCREDIBLE KID
SAT – DJ Anjali and The Incredible Kid throw their biggest New Year’s Eve party ever. Two-floor Desi Latino Soundclash, two ballrooms on two levels, special DJ guests & more!

PEACOCK LANE LIGHT DISPLAYS

Through SAT – Each house in this quaint southeast neighborhood has been decorating for Christmas for decades. Mostly Tudors, the houses are adorned with not only beautiful sparkling lights, but also nativity scenes, rotating Christmas trees and stunningly life-like replicas of Santa and Frosty.

CHRISTMAS FANTASY TRAIL
Through FRI – Take a Christmas walk through a lighted, wooded “Fantasy Trail,” decorated with thousands of lights for your Christmas enchantment.

WIZARD OF OZ
Through MON The Wizard of Oz takes you over the rainbow to a magical kingdom filled with munchkins, witches, flying monkeys, wizards, and timeless songs at Northwest Children’s Theater and School. Discount tickets in the side section for $12.

ZOO LIGHTS

Through SUNA dazzling display of more than million and half lights, and experience your zoo in a whole new light.

CHRISTMAS IN THE GARDEN
Through SUN – An award-winning event featuring ice skating, a traditional German Christmas Market, snowless tubing and light display in the charming Rediscovery Forest.

CHRISTMAS FESTIVAL OF LIGHTS
Through FRI – Offering a family-oriented blend of traditional celebration and serene reflection, the festival theme reflects the special season of hope that Christmas offers to many thousands of families from around the Pacific Northwest.

MADDOX WOODS
Through SAT – Enjoy a magical walk down a lighted, accessible path through the woods and to the viewing platform on the Willamette River.

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

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
·         20th Century Women
·         Paterson

Click here for movie times and theaters.

CLICK HERE TO VIEW THIS WEEK’S OPEN HOUSES

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