7 Tips to Improve a Fixer Upper

 

Look for Red Flags
Before signing on the dotted line, hire a home inspector to give the place a thorough evaluation. An inspection may cost $200-$300, but it is well worth the price if the inspector uncovers a major structural issue or another pricey problem. Tip: If the problem sounds like a money pit, it probably is.

Spy on the Neighbors
Scope out the neighborhood before starting any work. You don’t need to upgrade far beyond neighborhood standards. For example, if most homes have window air units, or none at all, you won’t recoup the cost of central air conditioning. Conversely, if granite countertops are a staple, you’ll lose money on your investment by installing laminate. Tip: Attend a few real estate open houses in the area to examine the homes’ interiors.

Remodel the Most Important Rooms
Kitchen and bathroom remodels are still high on the must have list, because they’re the rooms buyers look at first and use the most. What upgrades you make and how much you spend will depend on the market and your budget, but make it your mission to create bright, clean, family-friendly rooms.

Upgrade the Underbelly
The heating and air conditioning unit, water heater, wiring and plumbing should all be in good condition. If they aren’t, hire a licensed electrician to do the work, since if improperly done, it can lead to a fire and/or legal hassles.

Paint + Flooring = Dramatic Value
Real estate experts always advise giving walls and trim a fresh coat of paint, but don’t forget what’s underfoot. Old hardwood flooring hidden under outdated carpet and laminate is usually worth refinishing.

It’s the Little Things
Don’t underestimate the effect of inexpensive cosmetic improvements like new doorknobs, switch plates, toilet seats, ceiling fans, faucets and cabinet pulls.

Add Curb Appeal
Keep a clean, mowed front yard, a colorful planter and a welcome mat. If the home’s landscaping is overgrown and neglected, trim out the excess or plant a few inexpensive foundation bushes near the front. Tip: Mulch flowerbeds with a dark-colored mulch to add instant charm.

A good rule of thumb to keep in mind, is to invest in improvements that will add at least twice their cost to the home’s value.

Article courtesy of hgtv.com


This Week in Real Estate: May 15, 2017

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Happy Mother’s Day to all you moms. Thank you for the positive impact you make every single day.

Continued acceleration of home price growth leads to foreclosure activity dropping to its lowest level in nearly 12 years as reported by ATTOM Data Solutions This Week in Real Estate. Below are a few highlights from the second week of May that influence our business:

* U.S. Foreclosure Activity Drops to Lowest Level Since November 2005. ATTOM Data Solutions released its April 2017 U.S. Foreclosure Market data on Thursday, which shows foreclosure filings – default notices, scheduled auctions and bank repossessions – were reported on 77,049 U.S. properties in April, down 7 percent from the previous month and down 23 percent from a year ago to the lowest level since November 2005. A total of 34,085 U.S. properties started the foreclosure process in April, down 6 percent from the previous month and down 22 percent from a year ago and continuing well below the pre-recession average of more than 77,000 foreclosure starts per month between April 2005 and November 2007. Lenders completed foreclosure (REO) on 25,990 U.S. properties in April, down 9 percent from the previous month and down 22 percent from a year ago to the lowest level since February 2015 – a 26-month low and running just above the pre-recession average of 25,796 per month between April 2005 and November 2007.
Full Story… http://www.realtytrac.com/news/foreclosure-trends/april-2017-foreclosure-market-report/

* Homeowners Continue to Overestimate Their Home Value. Homeowners and appraisers continue to hold conflicting views on the value of their home, a gap that widened once again in April, according to the Home Price Perception Index from Quicken Loans. Appraised home values came in 1.9% lower than what homeowners expected as many Americans continued to overvalue their home. This marks the fifth consecutive month where the gap between appraiser and homeowner opinions widened. Although the gap continued to widen, appraised value increased in April. And while homeowners are overestimating the value of their homes, home price growth is accelerating. The HVI increased 5.08% annually in April, up from March’s annual increase of 3.3%.
Full Story…  http://www.housingwire.com/articles/40081-homeowners-continue-to-overestimate-their-home-value

* 3 Reasons The Housing Market is Not in a Bubble. With housing prices appreciating at levels that far exceed historical norms, some are fearful that the market is heading for another bubble. To alleviate that fear, we just need to look back at the reasons that caused the bubble ten years ago. Last decade, demand for housing was artificially propped up because mortgage lending standards were way too lenient. People that were not qualified to purchase were able to attain a mortgage anyway. Prices began to skyrocket. This increase in demand caused homebuilders in many markets to overbuild. Eventually, the excess in new construction and the flooding of the market with distressed properties, caused by the lack of appropriate lending standards, led to the housing crash. If we look at lending standards based on the Mortgage Credit Availability Index we can see that though standards have become more reasonable over the last few years, they are nowhere near where they were in the early 2000s. If we look at new construction, we can see that builders are not “over building.” Average annual housing starts in the first quarter of this year were not just below numbers recorded in 2002 – 2006, they are below starts going all the way back to 1980. If we look at home prices, most homes haven’t even returned to prices seen a decade ago. Bottom line is mortgage lending standards are appropriate, new construction is below what is necessary and home prices haven’t recovered. It appears fears of a housing bubble are over-exaggerated.
Full Story… http://www.keepingcurrentmatters.com/2017/05/11/3-reasons-the-housing-market-is-not-in-a-bubble/

Have a productive week!
Jason


Portland Metro Weekend Events: May 12-14, 2017

PORTLAND METRO WEEKEND EVENTS PLANNER
FOR MAY 12-14, 2017

 
MOTHER’S DAY EVENTS
SUN – Spend your afternoon on our Mother’s Day Brunch cruise and enjoy an elaborate buffet with breathtaking views. Choose between the Portland Spirit or Columbia Gorge Sternwheeler.
SUN – Treat Mom to a delicious brunch at the Oregon Zoo, and let the professional catering staff take care of the prep and cleanup.
SUN – From complimentary mimosas to menus for brunch, lunch or dinner, find the perfect place in the Portland Metro to celebrate the mom in your life.
SAT-SUN – Visit Crystal Springs Rhododendron Garden during peak bloom time for this Mother’s Day Rhododendron show & sale!
SUN – Join hundreds of people this Mother’s Day to honor a special woman in your life, and raise funds to empower the women and children of Rose Haven experiencing homeless, abuse and other disruptive life events. Enjoy mimosas, pastries, entertainment, prizes and a 5K walk.
SUN – Run Mama Run, 3-4 mile walks/runs through Mt Tabor park.

WANDERLUST CIRCUS & 3 LEG TORSO
SAT-SUN – Step right up and grab a seat as our comic tale of quick-witted kids and dastardly developers threads its way through jaw-dropping feats of acrobatics, aerial dance, juggling, contortion, and disciplines beyond naming.

VAMPIRE’S MASQUERADE BALL
SAT – A night of gothic elegance and decadence. Over 800 guests from the various gothic/industrial/alternative lifestyle communities from around the world gather in the Melody Ballroom to socialize and dance the night away.

ST JOHNS BIZARRE
SAT – A uniquely-crafted celebration that kicks off the summer street fair season in Portland. The Bizarre brings music, crafts, and food to the crowds attending the St Johns Parade, now in its 55th year.

DOGGIE DASH
SATWalk, run or stroll with your dog through downtown Portland, with 100% of proceeds going to the animals at OHS.

ROCK, ROLL & REMEMBER
Through May 21A Tribute to Dick Clark and American Bandstand brings together over 40 hits from the 50s, 60s, 70s, and 80s. Up the fun by coming dressed in the fashion of your favorite decade and sing along.

THE TOXIC AVENGER
Through SUN – Based on Lloyd Kaufman’s cult film, The Toxic Avenger, and winner of the Outer Critics Circle Award for Best Off-Broadway Musical, enjoy this charming love story and laugh-out-loud musical that has it all.

ROBIN HOOD
Through May 21 – Get ready for justice, Sherwood Forest-style! Adventure awaits as Robin, Marian, and company return to cross swords and match wits with the nefarious Sheriff of Nottingham and the evil Prince John in this hilarious, heist-filled, original adaptation!

MEDEA
Through May 20A classic story full of passion, love, and revenge about a powerful sorceress who gives up all for love and then is abandoned for a younger woman.

80’S VIDEO DANCE ATTACK
Through June 9 – Grab your favorite 80’s outfit and head to Lola’s Room. Enjoy your favorite 80’s hits playing all night on multiple giant screens.

OMSI: THE ART OF THE BRICK EXHIBITION
Through May 29 – Named one of CNN’s Top Ten “Global Must-See Exhibitions,” The Art of the Brick exhibit by artist Nathan Sawaya takes LEGO bricks from child’s toy to sophisticated art form and beyond.

FLASHBACK DANCE CRUISE
SAT (through May 27) – Gather your crew & rock your best retro threads from the 70’s, 80’s and 90’s! Get on the dance floor as our DJ’s play the hits of decades gone by.

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

 

MOTHER’S DAY TEA
SAT – The perfect way to treat the important women in your life! A delicious menu featuring three types of sandwiches, assorted desserts, scones, and of course, tea!

TIP A TASTE FOR MOMS
SAT-SUNEnglish Estate and Rezabek Vineyards will be pouring tastings at the Estate with a special treat for moms. 12-6 p.m.

CAMAS PLANT & GARDEN FAIR
SAT – Explore the amazing selection of plants, trees, garden art and supplies, and much more provided by our dedicated local growers and vendors. Kids’ activities, live music, fresh food, and the shops and restaurants of downtown Camas.

LILAC DAYS AT HULDA KLAGER GARDENS
Through SUN – Step back in time to discover the 1880’s Victorian Farmhouse and country gardens that comprise the Hulda Klager Lilac Gardens.

GUIDED WALKS AT COLUMBIA SPRINGS
Through October 18 – Each guided walk consists of an easy stroll or tour with themes such as plants, animals, geology, local history, and the fish hatchery. These events are appropriate for all ages and no registration is required. Spots are available at a first come, first served basis to the first 30 visitors.

VANCOUVER FARMER’S MARKET
SAT through Oct 29 – You’ll discover fresh and local produce, flowers, plants, baked goods, delicious food, pet treats, and accessories for yourself, home, or garden.

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
· King Arthur: Legend of the Sword
· Bram Stoker’s Dracula
· The Wall
· Snatched
· Miles Between Us
· Paris Can Wait

Click here for movie times and theaters.

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Through June 16, 2017, enter for a chance to win the $50,000 grand prize to renovate your home. AND we’re giving away 12 weekly prizes of $2,500! Enter up to two times each day at www.LoveYourHomeSweeps.com

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: May 8, 2017

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While a million plus more homes became “equity rich” compared to the same time period last year, as reported by ATTOM Data Solutions This Week in Real Estate, the unemployment rate for April dropped to the lowest level in a decade. Below are a few highlights from the first week of May that influence our business:

* Equity Rich Properties Increase 1.4 Million. ATTOM Data Solutions released is Q1 2017 U.S. Home Equity & Underwater Report on Thursday finding that at the end of Q1 2017, there were more than 13.7 million (13,718,473) equity rich U.S. properties – where the combined loan amount secured by the property is 50 percent or less than the estimated market value of the property – representing 24.3 percent of all U.S. properties with a mortgage. That is up nearly 1.4 million from a year ago, when there was 12.4 million equity rich properties representing 22.0 percent of all properties with a mortgage as of the end of Q1 2016. States with the highest share of equity rich properties were Hawaii (38.4 percent), California (35.8 percent), New York (34.6 percent), Vermont (32.8 percent) and Oregon (31.3 percent). The top 10 Metro areas for highest share of equity rich properties were San Jose, CA (51.3 percent), San Francisco, CA (46.6 percent), Honolulu, HI (39.9 percent), Los Angeles, CA (39.1 percent), Pittsburgh, PA (34.2 percent), San Diego, CA (33.6 percent), Portland, OR (33.6 percent), Austin, TX (32.1 percent), Seattle, WA (32.1 percent) and New York, NY (32.0 percent).
Full Story… http://www.realtytrac.com/news/home-prices-and-sales/q1-2017-home-equity-underwater-report/

* Nationwide Recovery Continues. The NAHB/First American Leadings Markets Index (LMI), released Thursday, rose .01 point over the quarter to 1.0. Over the past year, the LMI grew by .05 point. The index uses single-family housing permits, employment, and home prices to measure proximity to a normal economic and housing market. The index is calculated for both the entire country and for 337 local markets, metropolitan statistical areas (MSAs). A value of 1.0 means the three components have individually, whether for the country as a whole or an individual metro area, achieved a level of recovery that combined averages 1.0. The current LMI Score combined with the upward trajectory of the Index was last observed in 2003, a period of normal. Over the housing boom years of 2004 – 2007, the LMI rose, peaking at 1.22 in 2006. The ensuing decline in the Index reflected the distress observed in the housing market and in the economy more generally. After falling to a low 0.78 in 2012, the LMI has been steadily climbing, in line with the overall economic recovery. Relative to 2003, a period when the Score of each of the LMI’s subcomponents reached 1.0, house prices are currently at 1.50, their peak level in 2007, while employment is currently at 0.98, .02 point below its peak level of 1.0. At 0.53 single-family permits are furthest away from normality. An alternative, but more speculative, interpretation of the trends in the components of the overall LMI is that the permits trend indicates that too few homes are in the pipeline to be built, contributing to the low housing inventory, while the prospects for housing demand, as suggested by the employment component, is closer to normalizing. Economic theory posits that, all else equal, in the presence of low housing inventory, healthy housing demand will be reflected in higher house prices.
Full Story…  http://eyeonhousing.org/2017/05/nationwide-recovery-continues/

* Unemployment Rate Drops to Lowest Level in a Decade in April as Economy Adds 211,000 Jobs. The U.S. job market rebounded strongly last month and the unemployment rate fell to the lowest level seen in a decade, government data released Friday morning showed. Employers added 211,000 jobs in April as the unemployment rate ticked down to 4.4 percent, the lowest level since May 2007. The report offered a snapshot of an increasingly solid economy. The U.S. labor market is still expanding at a steady clip even after 79 straight months of job gains, helping to heal much of the damage still lingering from the recession. “The re-acceleration in jobs should assuage fears that economic growth is slowing in any meaningful way,” said James Marple, senior economist at TD Economics. Job gains were seen in mining and manufacturing, but the bulk of job growth in April came from the much larger sectors of leisure and hospitality, education and health, and business services. At 4.4 percent, the headline unemployment rate is now below the longer-term level targeted by the Federal Reserve. Broader measures of unemployment and underemployment also continue to improve. The U-6 rate, a measure that includes people who have given up looking for work, as well as those who are employed part time but would like to be full time, fell to 8.6 percent in the month, the lowest level seen since 2007.
Full Story… https://www.washingtonpost.com/news/wonk/wp/2017/05/05/the-u-s-job-market-is-expected-to-rebound-in-april-if-it-doesnt-that-could-be-cause-for-concern/?utm_term=.779d79f8b680

 

Have a productive week!
Jason


Portland Metro Weekend Event Planner: May 5-7, 2017

PORTLAND METRO WEEKEND EVENTS PLANNER
FOR MAY 5-7, 2017

 

SPRING GARDEN FAIR

SAT-SUN – Shop for plants and garden decor, eat at the food court, ask a master gardener questions, and attend 10-minute classes at the Spring Garden Fair at Clackamas County Fairgrounds in Canby. No pets.

CINCO DE MAYO FIESTA
FRI-SUN – The largest multicultural festival in the state of Oregon. Enjoy top entertainment, carnival rides, Artisan Village, artwork and so much more!

CINCO DE MAYO RUN/WALK
THURS-SUNHalf marathon, 10K & 5K courses. Celebrating 15 years with an all new party and courses.

BRIDGETOWN COMEDY FESTIVAL
THURS-SUN – Featuring over 100 of the top comedians in the business, with over 50 of those making their Bridgetown debut.

PORTLAND TRAIN DAY
SAT – Train rides, live music, face painting, food carts and a special appearance by Thomas the Tank Engine.

THE GREAT INFLATABLE RACE
SAT – A fun run with inflatable obstacles spread throughout the running course. You and your friends will feel like kids again as you jump, dive and bounce on our custom-designed inflatables. Get fit, support a good cause, and create epic memories that will last you a lifetime!

THE TOXIC AVENGER
Through May 14 – Based on Lloyd Kaufman’s cult film, The Toxic Avenger, and winner of the Outer Critics Circle Award for Best Off-Broadway Musical, enjoy this charming love story and laugh-out-loud musical that has it all.

FREE CHAMBER MUSIC CONCERTS
Through SUN – Organized and performed by musicians of the Oregon Symphony Orchestra, this series of FREE chamber music concerts has events throughout the Portland Metro area. Classical Up Close offers a unique opportunity for Portlanders to enjoy the talents of some of the city’s finest musicians, up close, personal… and for FREE!

ROBIN HOOD
Through May 21 – Get ready for justice, Sherwood Forest-style! Adventure awaits as Robin, Marian, and company return to cross swords and match wits with the nefarious Sheriff of Nottingham and the evil Prince John in this hilarious, heist-filled, original adaptation!

MEDEA
Through May 20A classic story full of passion, love, and revenge about a powerful sorceress who gives up all for love and then is abandoned for a younger woman.

80’S VIDEO DANCE ATTACK
Through June 9 – Grab your favorite 80’s outfit and head to Lola’s Room. Enjoy your favorite 80’s hits playing all night on multiple giant screens.

OMSI: THE ART OF THE BRICK EXHIBITION
Through May 29 – Named one of CNN’s Top Ten “Global Must-See Exhibitions,” The Art of the Brick exhibit by artist Nathan Sawaya takes LEGO bricks from child’s toy to sophisticated art form and beyond.

FLASHBACK DANCE CRUISE
SAT (through May 27) – Gather your crew & rock your best retro threads from the 70’s, 80’s and 90’s! Get on the dance floor as our DJ’s play the hits of decades gone by.

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

NATIVE AMERICAN MARKETPLACE
FRI – Visit more than 20 Native American artists and craftspeople during May’s First Friday at the Union Chapel.

LILAC DAYS AT HULDA KLAGER GARDENS
Through May 14 – Step back in time to discover the 1880’s Victorian Farmhouse and country gardens that comprise the Hulda Klager Lilac Gardens.

GUIDED WALKS AT COLUMBIA SPRINGS
Through October 18 – Each guided walk consists of an easy stroll or tour with themes such as plants, animals, geology, local history, and the fish hatchery. These events are appropriate for all ages and no registration is required. Spots are available at a first come, first served basis to the first 30 visitors.

VANCOUVER FARMER’S MARKET
SAT through Oct 29 – You’ll discover fresh and local produce, flowers, plants, baked goods, delicious food, pet treats, and accessories for yourself, home, or garden.

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
· Guardians of the Galaxy Vol 2
· Max 2, White House Hero
· The Dinner
· Risk
· 3 Generations
· The Lovers

Click here for movie times and theaters.

WebAdLargeSquareEnterButton2

Through June 16, 2017, enter for a chance to win the $50,000 grand prize to renovate your home. AND we’re giving away 12 weekly prizes of $2,500! Enter up to two times each day at www.LoveYourHomeSweeps.com

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: May 1, 2017

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Cities in the Pacific Northwest continue to experience this country’s highest year-over-year price appreciation as reported by Case-Shiller This Week in Real Estate. You can now add to the region’s profile some of the highest percent return on previous purchase price. Below are a few highlights from the fourth week of April that influence our business:

* ATTOM: Average Homeowner Gains 24% Return in Equity Since Purchase. ATTOM Data Solutions released its Q1 2017 U.S. Home Sales Report on Thursday, which shows that homeowners who sold in the first quarter realized an average price gain of $44,000 since purchase, representing an average 24 percent return on the purchase price – the highest average price gain for home sellers in terms of both dollars and percent returns since Q3 2007. Meanwhile the report also shows that homeowners who sold in the first quarter had owned an average of 7.97 years, down slightly from a record-high average homeownership tenure of 8.00 years in Q4 2016, but still up from 7.68 years in Q1 2016. “The first quarter of 2017 was the most profitable time to be a home seller in nearly a decade, and yet homeowners are continuing to stay put in their homes longer before selling,” said Daren Blomquist, senior vice president with ATTOM Data Solutions. “This counterintuitive combination is in part the result of the low inventory of move-up homes available for current homeowners, while also perpetuating the scarcity of starter homes available for first-time homebuyers. Metro areas with the highest percent return on the previous purchase price were San Jose, CA (71 percent ROI); San Francisco, CA (65 percent); Seattle, WA (56 percent); Portland, OR (52 percent); and Modesto, CA (51 percent).
Full Story… http://www.realtytrac.com/news/foreclosure-trends/q1-2017-u-s-home-sales-report/

* New Home Sales Soar Above Market Expectations. New home sales soared in March, beating out experts’ expectations, but new homes for sale dropped, according to the report released Tuesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Sales of new single-family homes in March 2017 came in at a seasonally adjusted annual rate of 621,000, according to the report. This is an increase of 5.8% from February’s 587,000 and is 15.6% higher than March 2016’s 537,000 sales. “New home sales increased to an annualized rate of 621,000, well above the Street expectations of 587,000,” iServe Residential Lending director of capital markets Brent Nyitray wrote in a note to his clients. The median sales price of new homes sold in March increased to $315,100, up from $296,200 in February.
Full Story…  http://www.housingwire.com/articles/39947-new-home-sales-soar-above-market-expectations?eid=322520585&bid=1735876

* Case-Shiller: Home Prices Hit Fourth Consecutive All-Time High. Home prices continued to expand in February, hitting their fourth consecutive all-time high, according to the S&P Dow Jones Indices. Seattle, Portland and Dallas reported the highest year-over-year gains among the 20-city composite. In February, Seattle led the way with a 12.2% year-over-year price increase, followed by Portland with 9.7%. Dallas replaced Denver in the top three with an 8.8% increase.
Full Story… https://www.spice-indices.com/idpfiles/spice-assets/resources/public/documents/516352_cshomeprice-release-0425.pdf?force_download=true

 

Have a productive week!
Jason


Portland Metro Weekend Events Planner: April 28-30, 2017

PORTLAND METRO WEEKEND EVENTS PLANNER
FOR APRIL 28-30, 2017

ROCK & GEM SHOW
FRI-SUN – More than 24 dealers of minerals, rocks, fossils, jewelry, beads & more. New exhibits, raffle, silent auction, kids area with games and much more.

OVERLOOK FILM FESTIVAL
THURS-SUN – Showcasing exciting work in new and classic independent horror cinema alongside the latest in interactive and live shows for a fully immersive weekend. As a summer camp for genre fans, The Overlook is a community event bringing the best of horror in all its forms to an enthusiastic and appreciative audience within an intimate and inspirational environment.

CLIMATE MARCH
SAT – People’s Climate Movement leads a march today in Washington, DC “to stand up for our communities and climate.” Portland Mobilization and March is a rally and a march from Dawson Park to Buckman Park. Free. Gather at Noon, march at 1PM.

OREGON AG FEST
SAT-SUN – Taste and experience the incredible world of Oregon agriculture, in a fun-filled, festive environment. Aimed to help families better understand where their food, fiber, and flora come from. This is a unique learning experience, where hands-on exhibits make learning about Oregon’s vast agricultural industry educational and entertaining.

THE TOXIC AVENGER
Through May 14 – Based on Lloyd Kaufman’s cult film, The Toxic Avenger, and winner of the Outer Critics Circle Award for Best Off-Broadway Musical, enjoy this charming love story and laugh-out-loud musical that has it all.

XPOSED
FRI-SATDancers, choreographers, and patrons experience raw productions and experimental works-in-progress that push the envelope through unconventional movement with an inquisitive approach to the creative process.

DESIGN WEEK PORTLAND
Through FRI – Two days of core content on the Main Stage. Hundreds of free or low cost Events and Open Houses, conceived and hosted by the creative community. Public engagement at Headquarters. There’s something for everyone.

FREE CHAMBER MUSIC CONCERTS
Through May 7 – Organized and performed by musicians of the Oregon Symphony Orchestra, this series of FREE chamber music concerts has events throughout the Portland Metro area. Classical Up Close offers a unique opportunity for Portlanders to enjoy the talents of some of the city’s finest musicians, up close, personal… and for FREE!

ROBIN HOOD
Through May 21 – Get ready for justice, Sherwood Forest-style! Adventure awaits as Robin, Marian, and company return to cross swords and match wits with the nefarious Sheriff of Nottingham and the evil Prince John in this hilarious, heist-filled, original adaptation!

MEDEA
Through May 20A classic story full of passion, love, and revenge about a powerful sorceress who gives up all for love and then is abandoned for a younger woman.

TULIP FEST
Through SUN – Stroll through 40 acres of stunning beauty, experience expansive views of vineyards, distant mountains, and a few mud puddles. Fresh flowers, food, and fun for the entire family, including well behaved dogs on leashes!

80’S VIDEO DANCE ATTACK
Through June 9 – Grab your favorite 80’s outfit and head to Lola’s Room. Enjoy your favorite 80’s hits playing all night on multiple giant screens.

OMSI: THE ART OF THE BRICK EXHIBITION
Through May 29 – Named one of CNN’s Top Ten “Global Must-See Exhibitions,” The Art of the Brick exhibit by artist Nathan Sawaya takes LEGO bricks from child’s toy to sophisticated art form and beyond.

FLASHBACK DANCE CRUISE
SAT (through May 27) – Gather your crew & rock your best retro threads from the 70’s, 80’s and 90’s! Get on the dance floor as our DJ’s play the hits of decades gone by.

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

SPRING PADDLE FESTIVAL
SAT-SUN – Attend private lessons and classes to learn how to kayak & paddle board. Tours and programs at Vancouver Lake Park.

LILAC DAYS AT HULDA KLAGER GARDENS
Through May 14 – Step back in time to discover the 1880’s Victorian Farmhouse and country gardens that comprise the Hulda Klager Lilac Gardens.

GUIDED WALKS AT COLUMBIA SPRINGS
Through October 18 – Each guided walk consists of an easy stroll or tour with themes such as plants, animals, geology, local history, and the fish hatchery. These events are appropriate for all ages and no registration is required. Spots are available at a first come, first served basis to the first 30 visitors.

VANCOUVER FARMER’S MARKET
SAT through Oct 29 – You’ll discover fresh and local produce, flowers, plants, baked goods, delicious food, pet treats, and accessories for yourself, home, or garden.

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
· The Circle
· Inversion
· Black Rose
· Grey Lady
· Rupture
· Sleight
· Voice from the Stone

Click here for movie times and theaters.

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Through June 16, 2017, enter for a chance to win the $50,000 grand prize to renovate your home. AND we’re giving away 12 weekly prizes of $2,500! Enter up to two times each day at www.LoveYourHomeSweeps.com

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: April 24, 2017

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The National Association of Realtors reported This Week in Real Estate that March’s sales pace was the strongest month of sales since February 2007. In addition, the average time to close a loan in March decreased to 43 days, marking the shortest time period since February 2015. Below are a few highlights from the third week of April that influence our business:

* Existing Home Sales Soar to Highest Pace in More Than a Decade. Existing home sales soared in March to the highest pace in more than 10 years as homes sold significantly faster than last month and last year, according to the latest report from the National Association of Realtors. Total existing home sales, completed transactions including single-family homes, townhomes, condominiums and co-ops, increased 4.4% to a seasonally adjusted rate of 5.71 million in March, according to NAR’s report. March’s sales pace is 5.9% above last year’s pace, marking the strongest month of sales since February 2007. “Bolstered by strong consumer confidence and underlying demand, home sales are up convincingly from a year ago nationally and in all four major regions despite the fact that buying a home has gotten more expensive over the past year,” NAR Chief Economist Lawrence Yun said. “Last month’s swift price gains and the remarkably short time a home was on the market are directly the result of the homebuilding industry’s struggle to meet the dire need for more new homes.”
Full Story… http://bit.ly/2otIUM2

* Freddie Mac: Mortgage Rate Falls Below 4% Mark. Mortgage rates dropped below the 4% marks, hitting the lowest point since November last year. “The 30-year mortgage rate fell 11 basis points this week to 3.97%, dropping below the psychologically-important 4% level for the first time since November,” Freddie Mac Chief Economist Sean Becketti said. “Weak economic data and growing international tensions are driving investors out of riskier sectors and into Treasury securities,” Becketti said. “This shift in investment sentiment has propelled rates lower.”
Full Story…  http://bit.ly/2pXOcDG

* Ellie Mae: Average Closing Time Now Sits at Lowest Level in Two Years. The average time to close a loan in 2016 fluctuated around the high 40s, but this is no longer the case, according to the latest Origination Insight Report from Ellie Mae. The average time to close all loans decreased to 43 days in March, down from 46 days in February, the shortest time to close since February of 2015. Similarly, the time to close a refinance dropped to 43 days from 47 days the month prior, and time to close a purchase dropped to 43 days, down from 45 days in February.
Full Story… http://bit.ly/2q7t22c

 

Have a productive week!
Jason


Portland Metro Weekend Event Planner: April 21-23, 2017

PORTLAND METRO WEEKEND EVENTS PLANNER
FOR APRIL 21-23, 2017

EARTH DAY EVENTS

SAT – Celebrate Earth Day with a 5k fun run and brew fest, featuring some of Oregon’s best breweries!
Through SATCelebrating our Earth with an interactive festival featuring campus and community organizations, providing the opportunity for attendees to learn, celebrate, network, collaborate, and get involved in environmental efforts at PSU.
SATSolve It state-wide event. Picking up litter, removing invasive plants, and planting native trees and shrubs across Oregon.
SATThe Oregon Garden: Enjoy a day of free education and entertainment.

SOUL’D OUT MUSIC FESTIVAL
WED-SUN – Bringing world class music and culture across Portland’s best venues.

OREGON ORCHID SHOW & SALE
SAT-SUN – Billed as the largest orchid show in the Pacific Northwest, see thousands of blooming orchids on display and for sale.

OREGON TRAIL RALLY
FRI-SUNRally cars roar to life under the lights, on and off the track. Attendees also get to enjoy a driver meet and greet. Dufur and Hood River also host events for this race on gravel logging roads.

XPOSED
FRI through April 29Dancers, choreographers, and patrons experience raw productions and experimental works-in-progress that push the envelope through unconventional movement with an inquisitive approach to the creative process.

DESIGN WEEK PORTLAND
FRI through April 29 – Two days of core content on the Main Stage. Hundreds of free or low cost Events and Open Houses, conceived and hosted by the creative community. Public engagement at Headquarters. There’s something for everyone.

GATHERING OF THE GUILDS
FRI-SUNSix Portland-area Guilds have joined forces to exhibit and sell art, fine craft, and gift items, all unique and of exceptional quality. The exhibit highlights artists who create with wood, glass, beads, metals, ceramics and fiber.

JERSEY BOYS
WED-SUN – Tony, Grammy and Olivier Award-winning best musical about rock and roll hall of famers The Four Seasons. A true story of how four blue-collar kids became one of the greatest successes in pop music history.

FREE CHAMBER MUSIC CONCERTS
SAT through May 7 – Organized and performed by musicians of the Oregon Symphony Orchestra, this series of FREE chamber music concerts has events throughout the Portland Metro area. Classical Up Close offers a unique opportunity for Portlanders to enjoy the talents of some of the city’s finest musicians, up close, personal… and for FREE!

ROBIN HOOD
Through May 21 – Get ready for justice, Sherwood Forest-style! Adventure awaits as Robin, Marian, and company return to cross swords and match wits with the nefarious Sheriff of Nottingham and the evil Prince John in this hilarious, heist-filled, original adaptation!

MEDEA
Through May 20A classic story full of passion, love, and revenge about a powerful sorceress who gives up all for love and then is abandoned for a younger woman.

TULIP FEST
Through April 30 – Stroll through 40 acres of stunning beauty, experience expansive views of vineyards, distant mountains, and a few mud puddles. Fresh flowers, food, and fun for the entire family, including well behaved dogs on leashes!

80’S VIDEO DANCE ATTACK
Through June 9 – Grab your favorite 80’s outfit and head to Lola’s Room. Enjoy your favorite 80’s hits playing all night on multiple giant screens.

OMSI: THE ART OF THE BRICK EXHIBITION
Through May 29 – Named one of CNN’s Top Ten “Global Must-See Exhibitions,” The Art of the Brick exhibit by artist Nathan Sawaya takes LEGO bricks from child’s toy to sophisticated art form and beyond.

FLASHBACK DANCE CRUISE
SAT (through May 27) – Gather your crew & rock your best retro threads from the 70’s, 80’s and 90’s! Get on the dance floor as our DJ’s play the hits of decades gone by.

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

 

LILAC DAYS AT HULDA KLAGER GARDENS
Through May 14 – Step back in time to discover the 1880’s Victorian Farmhouse and country gardens that comprise the Hulda Klager Lilac Gardens.

GUIDED WALKS AT COLUMBIA SPRINGS
Through October 18 – Each guided walk consists of an easy stroll or tour with themes such as plants, animals, geology, local history, and the fish hatchery. These events are appropriate for all ages and no registration is required. Spots are available at a first come, first served basis to the first 30 visitors.

THE RAINMAKER
Through SAT – In The Rainmaker, at a time of paralyzing drought in the West, we discover a girl whose father and two brothers are worried as much about her becoming an old maid as they are about their dying cattle. What schemes will her family go to find her a husband?

VANCOUVER FARMER’S MARKET
SAT through Oct 29 – You’ll discover fresh and local produce, flowers, plants, baked goods, delicious food, pet treats, and accessories for yourself, home, or garden.

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
· Lost City of Z
· Free Fire
· Grow House
· Born In China
· Ozzy Fast & Furry
· Leap
· Phoenix Forgotten

Click here for movie times and theaters.

WebAdLargeSquareEnterButton2

Through June 16, 2017, enter for a chance to win the $50,000 grand prize to renovate your home. AND we’re giving away 12 weekly prizes of $2,500! Enter up to two times each day at www.LoveYourHomeSweeps.com

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: April 17, 2017

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The spring selling season is in full swing This Week in Real Estate, as mortgage rates hit the lowest mark of 2017 and the preliminary April report of consumer sentiment advanced to a three month high. Below are a few highlights from the second week of April that influence our business:

* Q1 2017 Foreclosure Activity Below Pre-Recession Levels. ATTOM Data Solutions released its Q1 and March 2017 U.S. Foreclosure Market Report on Thursday, which shows first quarter foreclosure activity was below pre-recession levels nationwide. Nationwide the report shows foreclosure filings – default notices, scheduled auctions and bank repossessions – were reported on 234,508 U.S. properties in the first quarter of 2017, down 11 percent from the previous quarter and down 19 percent from a year ago to the lowest level since Q3 2006. The first quarter foreclosure activity total was 16 percent below the pre-recession average of 278,912 properties with foreclosure filings each quarter between Q1 2006 and Q3 2007. “U.S. foreclosure activity on a quarterly basis first dipped below pre-recession averages in the fourth quarter of last year, and this report shows that trend continuing for the second consecutive quarter,” said Daren Blomquist, ATTOM Data Solutions senior vice president.
Full Story… http://www.realtytrac.com/news/foreclosure-trends/march-and-q1-2017-u-s-foreclosure-market-report/

* Mortgage Rates Hit Lowest Mark of 2017. Freddie Mac released the results of its Primary Mortgage Market Survey on Thursday, showing the 30-year mortgage rate dropping for the fourth consecutive week and hitting a new low for 2017. 30-year fixed-rate mortgage averaged 4.08 percent with an average 0.5 point for the week ending Thursday. A year ago at this time, the 30-year fixed rate mortgage averaged 3.58 percent. 15-year fixed rate mortgage this week averaged 3.34 percent with an average 0.5 point. A year ago at this time, the 15-year fixed rate mortgage averaged 2.86 percent. 5-year adjustable rate mortgage averaged 3.18 percent this week with an average 0.4 point. A year ago, the 5-year ARM averaged 2.84 percent.
Full Story…  http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-hit-lowest-mark-of-2017-otcqb-fmcc-1304919?feed=429e0be3-9aef-4a3a-9775-43f8e470d510

* Affordability, Tight Supply Cause Vacation Home Sales to Plummet in 2016; Investment Sales Climb 4.5%. Last year’s strongest pace of home sales in a decade included a sizable drop in activity from vacation buyers and a jump from individual investors. NAR’s 2017 Investment and Vacation Home Buyers Survey revealed that vacation home purchases last year descended to an estimated 721,000, down 21.6 percent from 2015 (920,000) and the lowest since 2013 (717,000). Investment-home sales in 2016 rose 4.5 percent to 1.14 million from 1.09 million in 2015. Owner-occupied purchases jumped 12.5 percent to 4.21 million last year from 3.74 million in 2015 – the highest level since 2006 (4.82 million). “Sales to individual investors reached their highest level since 2012 (1.20 million) as investors took advantage of record low mortgage rates and recognized the sizable demand for renting in their market as renters struggle to become homeowners,” said Lawrence Yun, NAR chief economist. Vacation sales accounted for 12 percent of all transactions in 2016, which was the lowest share since 2012 (11 percent) and down from 16 percent in 2015. The portion of investment sales remained unchanged for the third consecutive year at 19 percent, and owner-occupied purchases increased to 70 percent (65 percent in 2015).
Full Story… https://www.nar.realtor/news-releases/2017/04/affordability-tight-supply-cause-vacation-home-sales-to-plummet-in-2016-investment-sales-climb-45

Have a productive week!
Jason


©2016 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc. Equal Housing Opportunity.