The “Underwear Challenge” was a huge success!

Cheryl Williams declares victory for the Clark County NW branch!

The first annual “Transitional Youth Underwear Challenge” between the Columbia Tech Center and Clark County NW branches was big fun and resulted in a huge donation for the kids at the Outreach Center. The two offices squared off to see who could collect as much new underwear as possible for homeless youth. The Clark County NW crew was victorious, collecting 625 pieces of underwear, and CTC brought in 486, for a total of 1,111 pairs! Great job!  

Transitional Youth and the homeless youth they serve are most appreciative!

Gresham’s Bill Kieselhorst helps dedicate clean water wells in Nigeria

Bill and Kathy Kieselhorst

Prudential Northwest Properties broker and veteran missionary Bill Kieselhorst traveled to Nigeria to help dedicate two wells paid for by the congregation of his church, Gresham’s East Hill. Through East Hill’s Advent Conspiracy movement, members of the church donated money that would typically have been spent on Christmas presents this past December. They raised more than $70,000, which allowed them to provide $20,000 in clothing and gift cards to local homeless students, along with purchasing clean water wells for the Nigerian villages of Fadan Karshi and Aban.

Bill, thank you for the difference you are making in the lives of so many people around the world. We’re proud to have you on the Prudential Northwest Properties Team!

Jason Waugh shares his thoughts on local market recovery

Jason Waugh

Jason, our COO and Lake Oswego branch manager, shares his perspective on the real estate market recovery in this article in Community Newspaper’s “A Salute to the American Home” special publication. Like many local real estate professionals, Jason believes the market has probably hit bottom as a whole and we’ll see a very gradual recovery.

Click here to read the article.

Teens Fighting Hunger supports Transitional Youth’s outreach efforts

Amy presents Prudential Northwest Properties president and Transitional Youth founder Bert Waugh Jr. a check for Transitional Youth

Amy Carlton, a senior at Lake Oswego High School, founded Teens Fighting Hunger to help combat childhood hunger. At the Portland Metropolitan Association of REALTOR’s 2010 First Citizen Award banquet today, Amy received the Future First Citizen Award. To date, Amy has donated 2,000 hours to TFH and helped raise $60,000. More than 350 teens have volunteered through the organization.

The organization harnesses the artistic talents of teens to make low cost, high quality products and sell them at local markets. Teens Fighting Hunger selected Transitional Youth as one of their local beneficiaries, and the funding Transitional Youth receives will help us continue to provide evening meals to local homeless youth in downtown Portland. 

Amy, we are so appreciative of your dedication to help fight hunger in our communities. Thank you!

Local home sales surge in March

Portland area home sales shot up in March, driven in part by a federal tax credit worth up to $8,000 to first-time buyers and $6,500 to move-up buyers.

There were nearly 52 percent more sales in March than a year ago and a whopping 77.2 percent more sales than in February, according to Regional Multiple Listing Service figures released Friday.

Compared to a year ago, pending sales increased 46.7 percent and new listings increased 35.3 percent.

The inventory of unsold homes dropped to 7.8 months from 12.9 months in February and 12 months a year ago. The figure refers to the amount of time it takes to clear out the inventory of unsold homes at the current pace of sales. A six-month level is considered healthy.

The inventory of houses for sale in Clark County dropped substantially in March as home sales improved, according to Portland-based RMLS. A 7.7-month supply of homes was listed in March, which was down from an 11.6-month supply in February

Local real estate agents attribute the shrinking inventory to higher demand for houses, as first-time and move-up home buyers rush to take advantage of low mortgage interest rates and tax credits set to expire April 30.

According to RMLS, when comparing the week of April 5 – April 11 with the week prior, the number of times an RMLS subscriber opened a Supra lockbox increased 33% in Washington and 26.6% in Oregon. Activity is on the rise as we move into the Spring season.

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