Feeling lucky? Join us for a Texas Hold ’em fundraiser to benefit Transitional Youth!

Put on your poker face and join us at the Red Lion on the River on Saturday, April 17th for a Texas Hold ’em tournament to benefit Transitional Youth.

$100 buy-in / $50 add-on / $50 re-buy

Prizes will be paid to the top 20 players.

First Place: $750 Visa card

This will be a quality game run by the professionals at Wild Bill’s and will include casino-style Hold ’em tables, casino quality chips, professional dealers and tournament director, complete blind and timing structure.

Snacks and beverages will be available for purchase on-site.

Download registration and info here.

Paid registration must be received by April 12, 2010. Questions? Contact Aaron Dalgord at 360-601-1718 or adalgord@prunw.com.


Join us for the 18th annual Prudential Northwest Properties & Columbia Mortgage Ski Night

Ski NightEnjoy a night of fun on February 26th at Mt. Hood Meadows – and ride up on the FREE Columbia Mortgage Ski Bus!

Bring your family and friends to our annual Ski Night! Get dinner and a lift ticket for only $35 … or just a lift ticket for only $15! Lessons and rentals are available too. Ski or board, or just hang out in the lodge by the fire, from 3pm-10pm. This promises to be a fun time, and a great way to meet  members of the Prudential Northwest Properties family. Register now and ride up on the FREE Columbia Mortgage Ski Bus!


Home prices show improvement in latest Case-Shiller report

Home prices in 20 U.S. cities including the Portland-Vancouver area, rose in November for the sixth consecutive month, signaling the industry that precipitated the worst recession since the 1930s is stabilizing. The S&P/Case-Shiller home-price index increased 0.2 percent from the prior month on a seasonally adjusted basis, the group said today.

 Home prices in the Portland market increased a seasonally adjusted 0.9 percent from October to November and 0.3 percent in Seattle. The national gauge is down 5.3 percent from November 2008.


Tax Credit encourages buyers to shop early

The homebuying season is starting early this year, thanks to the expanded first-time and move-up homebuyer tax credit.

Typically, the busiest time for home shopping starts in March and continues through May, but this year buyers who want to take advantage of the tax credits have to have a signed contract by April 30 and close the deal by June 30.

That is getting people off the couch.

“The tax credit will absolutely have an effect,” says Pete Flint, CEO of residential real estate search engine Trulia.com. “It is going to shift demand from the later part of the year to the first part. January and February will be very strong. The next three months, there will be a surge in demand.”

Read more about the Tax Credit here.

Source: USA Today, Stephanie Armour


Prudent home remodeling is worth the investment

Sensible home remodeling is still worth the investment, according to Remodeling magazine’s annual Cost vs. Value Report. Uncertainty and restraint are the order of the day in this economy, and that sense of caution is reflected in home owners’ return on their investment in remodeling projects, according to REALTORS® in 80 metropolitan markets surveyed by Remodeling magazine for this year’s Cost vs. Value Report.

Many of these stats reinforce the notion that boosting the amount of livable space in and around your home will attract buyers who are increasingly looking for more room for their buck. In past years, converting an attic into a bedroom was a project that landed squarely in the middle of the rankings, but this year it leapfrogged over other categories into third place. It’s an admittedly pricey project, with an average national cost of nearly $50,000, but it generates an average national return of 83.1 percent and a better-than-100 percent return on investment, according to REALTORS® in 14 of the 80 cities surveyed. Adding a wood deck is much more economical, with an average national cost of slightly more than $10,000. Its average national return is 80.6 percent, but in six cities, its return is estimated at 100 percent or greater.  Continue reading…


Portland home sales climb in December

Portland home sales improved notably in December compared to a year ago. Closed sales rose 52.6 percent in December, compared with the same month in 2008, according to figures released Thursday by the Regional Multiple Listing Service. Pending sales climbed 40.9 percent and new listings rose 11.9 percent.

For the year, closed sales were comparable to 2008 and pending sales increased by 4 percent.

The year ended with a 7.7 month inventory of unsold homes, roughly half the 14.1 percent level posted in 2008. There were 1,506 closed sales in December, 16.1 percent fewer than November.

The year 2009 had 44,357 new listings, 19,921 pending sales, 18,955 closed sales and an average sales price of $289,900.

That compares with 2008’s 54,605 new listings, 19,150 pending sales, 19,132 closed sales and average sale price of $330,300.


Celebrating our Pinnacle Group members

Pinnacle Group

Dedicated members of the Pinnacle Club

A December luncheon at the Waverley Country Club kicked off the inauguration of the Prudential Northwest Properties Pinnacle Club. Agents and staff members who have been with the company for 20 or more years received honorary membership in the Pinnacle Club. Bert Waugh Jr expressed his appreciation and gratitude for the long-term commitment these individuals have shown to him, the company, and to their clients.

Years of service for members of the Prudential Northwest Properties team breaks down as follows:

36 people have been with us for 20 or more years

32 from 15-19 years

52 from 10-14 years

126 from 5-9 years

36 for 4 years

62 for 3 years

64 for 2 years

103 for 1 year

83 for less than 1 year

These numbers are a testiment to the commitment our company has to delivering the best value and highest level of service in the real estate industry.


The Basics: Extended Home Buyer Tax Credit

Bringing the Dream of Homeownership Within Reach

As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:

  • Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
  • Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.

Here is a little more information about how the Extended Home Buyer Tax Credit can help prospective home buyers become part of the American dream.

Who Qualifies for the Extended Credit?

  • First-time home buyers who purchase homes between November 7, 2009 and April 30, 2010.
  • Current home owners purchasing a home between November 7, 2009 and April 30, 2010, who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight.

 To qualify as a “first-time home buyer” the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.

Which Properties Are Eligible?

The Extended Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.

How Much Is Available?

The maximum allowable credit for first-time home buyers is $8,000.

The maximum allowable credit for current homeowners is $6,500.

If you have specific questions or need additional information, please contact a tax professional or the Internal Revenue Service at 800-829-1040.


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