Monday, December 15, 2014

3% Down Conventional Loans are Here for Real

3% Down Conventional Loans are Here for Real
Mark Greene
Forbes

Last week I shared that this was coming but that no announcement had been made. Well here it is, officially announced on Monday, 12/08/2014 and effectively online over the weekend of 12/13/2014; Fannie Mae will offer 97% LTV financing to help home buyers who would otherwise qualify for a mortgage but may not have the resources for a larger down payment.

I read the FannieMae press release and the official Selling Guide Announcement SEL-2014-15 to see if either was signed by Santa Claus, but they were not. First time homebuyers can now in fact put as little as 3% down and get conventional financing (no longer confined to the FHA only box). There are no prohibitive restrictions; in fact if two people are buying a home, only one of them need be a first time buyer. Standard FannieMae underwriting guidelines and standard PMI coverage and costs apply. This is a significant mortgage financing event and should bring more first time buyers into the active home buyers’ pool.

I would expect to see mortgage and real estate people waiving the 3% down payment banner in all of the parades and in all of the advertising media in the months to come. Up until now, the limited-down-payment-first-time-home-buyer market was sorely underserved primarily with HUD insured FHA financing as the primary option. As FHA mortgage insurance (MIP) costs have risen to dizzying heights in the last few years, consumers in this market segment stepped back to assemble more down payment and qualifying virtues to secure conventional financing. Expensive FHA upfront and monthly mortgage insurance made the economics of low down payment mortgage financing prohibitive.

Enter 3% down payment conventional mortgage financing and the landscape changes dramatically. Conventional financing does not handcuff borrowers to mortgage insurance forever like FHA MIP does. Once equity targets (20% – 22%) are reached, current appraisal supported value can eliminate conventional PMI (Private Mortgage Insurance). Not so with that FHA MIP, once you get it, the only way to get rid of it is to refinance out of the FHA loan or sell the house!
 

And let us not forget about that upfront FHA MIP insurance which is 1.75% of the loan amount added to the loan. So a $200,000 FHA loan would actually start at $203,500 ($3,500 for the upfront MIP). I did not make that up, go look it up for yourself!

By the way, conventional PMI (Private Mortgage Insurance) has no upfront PMI, never has.

If you were a first time homebuyer with a limited amount of money for a down payment, which would you choose?

I gotta’ think that the justification model for that ever increasing FHA MIP is getting a hard second look over at HUD. Or at least I certainly hope that it is, otherwise these new FannieMae enhancements will further erode already reduced FHA loan volume. With the MMI (Mutual Mortgage Insurance) Fund already running an unsustainable deficit, reduced FHA volume and the reduction in the attendant MIP will visit the kind of financial crisis upon HUD that may necessitate a dreaded bailout.

Historically, Commissioner Galante and her team respond with increasing FHA MIP to solve the MMI Fund deficit management issue. Not sure if that will help this time because all of those potential MIP contributors will be over at FannieMae making payments on their 3% down conventional loans.


Click HERE to see the original article

Oregon Reaches 20-Year Job Gains High

Oregon reaches 20-year jobs gain high

By

Despite adding more jobs than at any point in the last 20 years, Oregon's unemployment rate continues to hold at the same levels it has occupied since last December.
The 7 percent rate in October was unchanged from the revised 7 percent figure (down from 7.1 percent) logged in September, according to the Oregon Employment Department.
The state added 9,900 jobs in October, the most since August 1995. The professional and business services (which added 2,700 jobs), manufacturing (which added 2,200) and health care and social assistance (2,000 jobs) all experienced pronounced gains.
The state's unemployment rate can remain unchanged even during periods of fluctuation because of the way job seekers are tracked.
Oregon's rate has remained between 6.8 percent and 7.1 percent since December 2013.

Click HERE to see article

Tuesday, November 18, 2014

SolarWorld announces expansion, 200 new jobs in Hillsboro


 
SolarWorld in Hillsboro is planning a $10 million expansion that will include the addition of 200 full-time jobs
The company announced Thursday that it would be adding a solar-panel production line to increase capacity in 2015.

The expansion will bring total employment for the company in Hillsboro to 900 workers.

In July 2013, SolarWorld announced layoffs for 100 workers.

At the time, executives cited price declines caused by Chinese competitors selling solar products in the U.S. below manufacturing costs.

On Thursday, SolarWorld U.S. President Mukesh Dulani said a number of factors, including the company's trade cases against China, have allowed for the planned expansion.

According to a SolarWorld release, the U.S. Department of Commerce will announced its final determinations on the company's anti-dumping and anti-subsidy duty petitions against manufacturers from China and Taiwan on Dec. 17. Earlier this year, the government announced preliminary tariffs for China.

To see the original article click HERE

Tuesday, October 21, 2014

Repacking Portlandia

https://medium.com/@CarlAlviani/rewriting-portlandia-765b9e27f75d

Repacking Portlandia
 
 
For those of us who’ve lived in Portland for more than a year or two, the urban landscape has already changed quite a lot. We’ve watched Southeast Division Street grow from an overlooked neighborhood drag dotted with diners and mini marts into the Pacific Northwest’s most scrutinized dining street. We can tell stories about when artists still lived in the Alberta Arts District, sharing space with working class families who’d been there since the days when we still built Liberty Ships.

Some of us even remember when the South Waterfront was just a barren stretch of brownfield, wedged between two traffic-thronged bridges. It’s been a busy decade for Stumptown, no doubt.
So when I say that the next five years are going to transform the streets and buildings of central Portland more dramatically than at any time in living memory, you’re forgiven for thinking it’s hyperbole.It’s not.
 
A look through the real estate stories in local newspapers, business journals and the Portland Monthly makes this much clear: there’s a construction boom going on in the city, and for the first time in a generation, it’s producing buildings that are truly, enthusiastically, sometimes ill-advisedly new. As Randy Gragg points out in that article series above, the boom is not unprecedented in size; the number of building permits issued in the city in 2013 is still well below the peak of the hot-burning early 2000s. But what’s being permitted this time is different. Instead of more two-story homes with lawns, punctuated by the occasional condo, now we seem to be making almost nothing but urban buildings. City buildings. Buildings for people who walk fast and ride the streetcar and take taxis, and stay up late and order takeout.
 
This shift is the result of two inter-playing forces, both of which have been around for years, but have only recently combined in a way that’s visible at street level.
The first is Portland’s shifting demographics. The city has been getting younger, more transient and more educated for years — at least since the turn of the millennium — and this means tremendous growth in the demand for rentals, especially rentals near downtown or the commercial strips of the east side. It’s a marked shift from Portland’s residential identity through most of the 20th century, when it was defined by families looking to buy their slice of the American Dream, front porch and backyard included. This long history, upset suddenly by an influx of young new residents, is the main reason Portland has one of the lowest rental vacancy rates in the nation — occasionally the lowest, with a market that’s tighter at times even than San Francisco’s or New York’s.
 
The other force at play is the region’s long allegiance to close-knit urbanism and smart growth. Greater Portland’s Urban Growth Boundary dates back to 1973, and policies encouraging infill development and increased density have been popping up ever since, in the form of tax breaks, zoning adjustments and simplified permitting processes. The current rush to build Accessory Dwelling Units, for example, is a direct result of the city’s decision to waive system development fees; a decision in 2002 to suspend parking minimums for apartment buildings in transit-dense areas has spurred more than a dozen projects into life.
 
Independently, either of these trends would give the city a gradual push towards taller buildings, clustered around transit and pedestrian-friendly streets, that embrace the sidewalk rather than shying away from it. Taken together, though, their impact is more rapid, and more dramatic. Take Northeast Multnomah Street, for example: the half mile or so that this broad arterial spends in the Lloyd District has been defined for decades by parking lots, parking structures and curbside parking. The Northeast 7th stop on the city’s MAX light rail, a block south on Northeast Holladay Street, was one of the city’s least utilized and most perplexing (why did it even exist, I wondered, when you could chuck a rock in either direction and hit the next stop?).
 
But then came the Milano, a tidy little bike-themed, bike-oriented block of small apartments at the western edge of the District, which did surprisingly well in the struggling economy. Then came the transformation of Northeast Multnomah itself, with one of the city’s first separated cycletracks. Now everything seems to be happening at once. The Hassalo on Eighth, which covers nearly a full city block between Multnomah and Holladay, will be the largest apartment development in the history of Oregon when it opens a few months from now, and promises to create something no one could have imagined for the area until recently: a street life. Less than a year after that, the Lloyd Mall just up the street is billed to cut the ribbon on a dramatic redesign, replacing a pedestrian-repelling parking structure with a series of storefronts designed expressly with foot traffic in mind (though the mall itself will retain much of its existing parking).
 
For a lot of Portland residents, it’s challenging to imagine window shopping along a street that’s known mostly as a blur of asphalt and office towers seen through a car window. But then, a lot of unimaginable things have happened in the past decade or two. A stretch of North Mississippi Avenue that today includes a brewery, a live music venue, dozens of thronged restaurants and bars, and a store selling decorative taxidermy, was largely vacant storefronts through the early 2000s. The Pearl District—Portland’s best-known repository of martini bars and trend-forward baby shops—was crumbling warehouses through the mid-‘90s. Neighborhoods in Portland, as in many cities, have a habit of changing very little for a long time, then a lot all of the sudden.
 
What’s different this time is that the change is happening in so many places simultaneously. Less than a mile south of the Lloyd District, on the eastern approach to the Burnside Bridge, is another example that’s perhaps even more dramatic. Most of the businesses that have opened along Lower Burnside in the past decade took over existing buildings — Doug Fir and the Jupiter Hotel, which have anchored the district since 2004, famously occupy a renovated 1960s motel. But what’s slated for the bit up against the river — a slice of land known to developers as the Burnside Bridgehead — is one eye-popping piece of new construction after another.
 
If everything that’s been proposed for the Bridgehead area gets built, the eastern approach to the Burnside will be unrecognizable in five years. The S-curve of Northeast Couch Street that funnels traffic onto it will be flanked by a pair of canted blocks, six stories high, joined midway up by a small skybridge, and clad in a pattern of abstract botanical illustrations derived from wallpaper. Its working name is The Fair-Haired Dumbbell. A block up from there will be a 60-unit live/work building that looks for all the world like a pile of glass-sided shipping containers. And a block to the west, Skylab Architecture (the studio responsible for the Paul-Bunyan-goes-to-Vegas vibe in the Doug Fir Lounge, and some of the city’s most striking modern residences) will plant a 21-story shard of a building next to the bridge deck, with a base that swells into a jagged 3-story pedestal fronting onto the skate park tucked under the bridge.
 
All three buildings will provide some combination of living, working and commercial space and, together with two more developments down the street, would add over 750 apartments to the 10-block area, more than tripling its resident population — to say nothing of office workers, window-shoppers and nighttime carousers.
 
Each of these buildings could stand alone as an interesting departure from the vision of Portland as a city of Craftsman bungalows and great big trees. Taken together though ‚ along with the new construction slated for (or underway in) the South Waterfront, along North Williams and SE Division, around the NE/SE 28th corridor, and the residential skyscrapers emerging downtown and in the northern reaches of the Pearl District — this is a reweaving of the city’s urban fabric. Southeast Hawthorne Boulevard was once an anomaly on the city’s east side: a commercial street with enough vibrance and walkability to be a destination. As a dozen neighborhood centers reach similar density, it’s poised to become the norm.
 
The negative response to all this development — and there is plenty — tends to hinge around the high rents many new complexes will demand, and the inevitable accusations of gentrification. The New York Times was writing about Portland’s struggles with displacement and unaffordability several years before the current boom, and complaints about new construction “driving up the cost of housing” are common. Much of the new construction, to be fair, is aimed squarely at the well-heeled renter, and it’s likely that the ground-floor retail in those buildings is likely to be more boutique than affordable.
 
But it’s also true that if Portland doesn’t build more housing soon, rents will go up even faster, as supply fails to keep pace with demand. San Francisco offers a cautionary tale, with regulations and a permitting system that kept new construction to a minimum, causing the value of existing housing to skyrocket. One eye-opening critique of the Bay Area’s current housing crisis points out that Seattle, with only 75% of SF’s population, added roughly twice as much housing per year over past two decades, by embracing the type of infill development that Portland is experiencing now. Even when much of this construction is luxury (though plenty of it is not), adding new stock to the market relieves pressure that can drive “normal” apartments into the luxury category.
 
This is not to say developers are absolved from the need to build for a variety of income levels. Large projects often come with a city mandate that builders construct a certain number of below-market units too, and scandals have erupted when those units failed to materialize. Critics are right to call these out as shameful examples of cynicism and greed, and insist the builders be held accountable. This is different, though, from shouting down new construction itself as a cause of rising living costs — no matter how avant garde the individual buildings appear.
 
The fact is, Portland’s had this wave of construction coming for some time.
It’s a city built on a dense grid of streets, with abundant sidewalks and closely spaced commercial districts. Its public transit system far outstrips that of any US city of comparable size. The growing preference for localism prompts many residents to look down the street for their needs, rather down the highway. These are the underpinnings of a dynamic, multi-modal city, and they’re ideal for supporting the kind of density depicted in the latest round of renderings.
If all those buildings come to be, we’re looking at a city far removed from the Portland of 10 years ago, or even last year. But it’s also a nearly inevitable one, and far better than many alternatives. It’s unlikely that the activists responsible for stopping the Mt Hood Freeway, or installing Pioneer Courthouse Square, or fighting for the Urban Growth Boundary could have predicted anything resembling the Fair-Haired Dumbbell, and it’s uncertain whether they’d even approve. But they did work hard to make a city that’s able to grow in a humane way, and in that sense, we’re getting exactly the city they deserve.
 
 
Read the original article by Carl Alviani by clicking HERE, Or click on the photo at the top of the page

Thursday, September 25, 2014

3613 SE 167th Vancouver WA 98613

 
3613 SE 167th Ct
Vancouver WA 98683
3 Bed 2 Bath
Offered at $465,000
2595 SqFt
No expense was spared in updating this 2595sq ft home in the desirable Fishers Landing neighborhood. With stunning hardwood flooring through out and a  formal living room with a floor to ceiling stone fireplace this home is a must see. With marble counter tops, all stainless steel appliances and  custom tile stove back splash in gourmet kitchen this home would be amazing for any cook. The home also features a large dining room with a family room, a second  fire place, vaulted ceilings and custom build ins throughout. The incredible master suit features a master bath with a double vanity, claw foot tub and a walk in closet. This home also has a huge fully fenced backyard. Don't miss out on the opportunity to own this beautiful home!

To see more homes, or to contact us about this home, please click HERE

Friday, September 19, 2014

Houses, condos or apartments? New study shows where people want to live

Staff Reporter- Portland Business Journal
 
Price, neighborhood safety and commuting times notwithstanding, the majority of metro-area residents want to live in detached, single-family homes.
So say the results of a new study that looked at housing preferences of residents of the four-county metro region. Conducted by Portland marketing research firm DHM Research for a range of partners, including Metro, the cities of Portland and Hillsboro, Portland State University and the Home Builders Association of Metropolitan Portland, the study found that 80 percent of respondents prefer detached, single-family housing.
Sixty-five percent of the respondents — more than 7,300 people from two different survey tracks — currently live in such homes. Seven percent of those living in single family, detached homes responded that they would actually prefer living in single-family attached housing, such as a condominium.
The study also found that 56 percent of respondents live in a suburban neighborhood; just over half prefer that kind of a neighborhood. About a quarter live in urban centers, 11 percent live downtown and 8 percent live in rural settings.
Dave Nielsen, CEO of the Portland HBA, said the study should prove valuable not only to homebuilders and developers, but also to planners sizing up the area's urban growth boundary and deciding whether to enlarge it or not.
"It will be very useful to help our industry understand market preferences and adapt where needed," he said. "It should also be an important tool used by Metro and surrounding governments in their planning for growth."
The entire study, as well as an executive summary, is available on Metro's web site.

To see the original Article click HERE

Oregon Ranked #1 State for Beer!

1. Oregon

California and Washington might have more brewers, but dammit, they’ve also got more people. More importantly, they don’t have the density of Oregon’s offerings. Or the quality. Oregon’s long been at the forefront of the craft industry, with brewers like Widmer Brothers, Rogue, Full Sail, and Deschutes leading the national charge as gateway beers for people who want something more out of their pints. But they’re just the OGs of what might be the epicenter of the craft beer movement.

Much ballyhoo has been made of the sheer number of breweries in the Portland metro area, which tops out at more than 70 and counting… but this isn’t a case of quantity over quality. It’s a case of quantity meeting quality head on. Portland houses an insurmountable number of great breweries — not good, pretty good, or wonderful, but effin’ great breweries — that are changing the landscape of modern brewing. Hair of the Dog, Breakside, Cascade, Upright, Ecliptic, the Commons, Burnside, Lompoc… it just keeps going. Even the “crappy” breweries by Portland standards would bury most of their peers based on pure deliciousness.

But that’s just one city in a state full of amazing brewers dotting the state, from the coastal Pelican to the high desert’s 10 Barrel, mid-state’s Ninkasi, Southern Oregon’s uncleverly named Southern Oregon Brewing, Mt. Hood’s Double Mountain… basically, if you enter a city or town in Oregon without a solid brewery, you’ve probably crossed into Washington or Idaho. Or maybe the capital of Salem… which sucks. But you’ll still find a great brewpub serving some of the best beer in America, made in Oregon, with Oregon hops, by a bearded Oregonian who’s probably in a band that sucks… that’s the Oregon way. Oregon beer, more than any, has helped introduce the masses to the potential of drinking great brews, and, with new breweries seemingly opening on a weekly basis, it’s the best damn place to be a beer lover in the US.

To see the full article click HERE

Tuesday, August 19, 2014

Where's construction headed? 5 insights from economists

What’s the outlook for the construction market for the rest of the year? Economists from trade associations representing home builders, construction companies and architects provided their answers in a webinar Monday.

The bottom line: Nonresidential construction is beginning to recover, because businesses are more confident about investing in growth. The housing market is gaining as well, but is still a couple of years from getting back to normal levels of home-building.

Here are five insights into the state of the construction market from the chief economists of the National Association of Home Builders, Associated Builders and Contractors and the American Institute of Architects:

We won’t have a strong housing market until wages grow

The economy has been adding jobs at a steady clip for the past six months, but this hasn’t been accompanied by much wage growth. That’s a real problem for the housing market, said David Crowe, chief economist for the National Association of Home Builders.

That’s because low wages means fewer first-time homebuyers, particular among young adults.

“They aren’t participating in the housing market,” Crowe said.

The percentage of houses sold to first-time homebuyers has dropped to 28 percent, compared to a normal rate of more than 40 percent.

Much of the job growth so far in this economic recovery has been in lower-paying service sector jobs; broader improvement is needed in the employment market to raise wages for more young adults, so that they’ll have the incomes needed to buy a home.

But if wages grow too fast, interest rates will rise faster than expected
There’s not as much slack in the labor market as the Federal Reserve thinks, said Anirban Basu, chief economist for the Associated Builders and Contractors.

There’s a shortage of skilled workers in many fields, including construction trades, he said.

That’s true for home builders, Crowe said. Two-thirds report labor shortages.

“These workers left the industry for other jobs, and we haven’t been able to attract them back,” Crowe said

So watch out for wage inflation, said Basu, who predicts the Fed will have to raise its federal funds rate before June, sooner than expected.

Energy to power commercial construction

Construction in the power sector is up 26 percent over the past year, “and you haven’t seen anything yet,” Basu said.

There are 27 projects pending for liquified natural gas terminals, he noted. Many of these are in Texas and Louisiana.

“This segment will dominate in terms of growth,” he said.

Businesses more confident about investing in growth

Architectural billings are trending up, which suggests we’re in “the early phase of a nonresidential construction recovery,” said Kermit Baker, chief economist for the American Institute of Architects.

He projects commercial construction will grow 10 percent this year, and slightly higher in 2016.

A big reason for this growth is that businesses are confident enough in the economy now to invest more in new facilities.

“We’re just starting to get to that point where there’s some assurance we’re going to see growth going forward,” he said.

Institutional construction lags behind, however

Construction is down, however, in institutional categories like health care and education, and up only slightly on road projects. One reason for that is state and local governments are just now beginning to get their fiscal houses back in order after the recession.

But Basu is concerned that the nation’s underinvestment in infrastructure could hurt future economic growth because it limits productivity gains.


To see the original Article click HERE!

Which Portland suburb is one of the nation's top 10 places to raise children?




Portland's Lake Oswego has been identified as one of the country's top 10 most desirable places for parents to live in an annual study.

The report, by online real estate brokerage ZipRealty, was compiled by analyzing the best-rated public school districts in 23 areas nationwide and the median price per square foot for real estate in those areas.

Lake Oswego took the number 6 spot, ahead of Seattle's Mercer Island at number 10.

The locale made the list for the second year in a row, along with Minneapolis and Austin. Delano, Minn. took top honors.

In order for an area to be considered, it needed at least 10 home sales to close in 2013.

ZipRealty's top 10 places for parents to live, listed by metro area, a quality rating (10 is the highest) and the cost-per-square foot of real estate, are:

1. Minneapolis Delano Public School District: 9.2, $101.

2. Charlotte Fort Mill School District: 9.1, $102.

3. Dallas Lovejoy Independent School District: 9.1, $114.

4. Chicago St. Charles C.U.S.D. 303: 9.0, $122.

5. Boston Harvard Public Schools: 9.1, $179.

6. Portland Lake Oswego School District: 9.8, $192.

7. NYC/Long Island Nanuet Union Free School District: 9.0, $199.

8. Austin Eanes Independent School District: 9.1, $237.

9. Orange County, Calif. Los Alamitos Unified School District: 9.2, $321.

10. Seattle Mercer Island School District 400: 9.1, $344.


Please see the full article here!
http://www.bizjournals.com/portland/blog/real-estate-daily/2014/07/which-portland-suburb-is-one-of-the-nations-top-10.html

Tuesday, July 22, 2014

Are Leased Solar Panels Harming or Helping your Homes Value?



Installing solar panels on a house to generate electricity often costs $20,000 or more, and many homeowners have turned to leasing programs to avoid those upfront costs. But most leases are for 20 years, and that can present problems if someone wants to sell the house before the lease is completed.
Peter Auditore of El Granada, Calif., was happy with the leased solar panels he installed a few years back. When he decided to sell, he found a buyer who also appreciated the environmental benefits of solar panels. But then there was a hitch just as the sale was about to go through.
"The buyers all the sudden disclosed that they hadn't looked at the solar lease and that the lease was going to go out for another 15, 16 years," Auditore says. In last-minute negotiations, he and his real estate agent agreed to credit the buyer $10,000 in exchange for assuming the rest of the lease.
In this case, you could argue that those leased solar panels on the roof reduced the value of his home.
Real estate appraisers are grappling with this issue now. Sandra Adomatis, an appraiser in Punta Gorda, Fla., wrote for the Appraisal Institute on how to value homes with energy efficient features.
"If you're in a market where the market participants — the buyers in the market — don't understand solar leases and they're fearful of it, they may totally steer away from homes with a leased system," she says.
Today, it's difficult to determine whether a particular house with leased solar panels is worth less, Adomatis says. There just isn't a long history of sales involving such houses.
That is changing, though. Soon appraisers will have more data, because the number of houses with solar panels has increased tenfold in just the past seven years, according to the Solar Energy Industries Association. And much of that growth is due to the popularity of leased panels.
Exact Solar is a small company in Yardley, Pa., that both sells and leases solar systems. Owner Mark Bortman says transferring a lease does add an extra step during a house sale.
"Typically what most people would do is just have the new buyer assume the lease," Bortman says. "It's a relatively straightforward process. The finance company wants to be sure the new buyer is creditworthy."
And at big companies like Solar City in San Mateo, Calif., transferring leases is a regular part of doing business now.
"We have a team of 12 who work on this all day long to make sure that it's as smooth a process as possible for both the solar customer who's selling their home as well as the new Solar City customer," says William Craven, the company's director of public affairs. He says Solar City transferred more than 200 leases in June. And he estimates 95 percent of them were completed without any complications.

Friday, July 18, 2014

Introducing Our Newest Team Member!




Please join us in welcoming Rebecca Nelson! She has recently joined our team and has already proved herself to be a great asset. We are so excited to be working with a talented new agent!
 "It has always been my passion to serve others, whether it be through career or volunteer opportunities. I love that real estate allows me the honor of aiding individuals and families as they make one of the biggest life decisions there is, where to build their home. My adventure in real estate began with a commitment to my future clients, my family, and to myself. To my clients I promised to always be honest, to listen, and to fight for them 110%. I am dedicated to finding each client the best deal with the least amount of stress. whether it be through the sale or purchase of a home. I achieve this by creating an open atmosphere where clients feel safe to ask any question, give an opinion, or tell me what they need and why without the sense of pressure. I provide honest, educated feedback as I genuinely want each client to find a home where they see infinite possibilities.

I am so honored to work with the PDX Homegroup who values each client, and goes above and beyond to provide maximum service. This team provides phenomenal support, not only to clients, but to each other as well. The amount of passion, experience, and talent this team possesses fosters the perfect environment for growth, opportunity, and fun.

When not working, I love to be outdoors hiking, kayaking, camping, geocaching, or playing disc golf. I enjoy reading, freelance writing, theater, movies, art, video games, and photography. I'm not the best cook, but I love the food network and can speak like a chef. I am fairly lady-like, but when I watch the Timbers, Seahawks, Saints, Thorns, Hops, or UFC, I become a pseudo coach and tend to get loud. The best parts of me are my two crazy and lovable boys. They are the reason for everything that I do, my greatest challenge and reward."

Tuesday, June 17, 2014

We've expanded again!

Steve has been licensed on and off in WA for the last 8 years, and has collectively sold close to 50 homes in and around Vancouver during that time. He is now licensed again in WA, as a Managing Broker for Keller Williams Premier Properties, allowing him to supervise staff and giving him the ability to give his clients an even more localized experience.  Call today if you have Washington Real Estate Needs!!!

Includes Vancouver, Camas, Washougal, Salmon Creek, Ridgefield, Battle Ground and many other SW Washington Communities.

Is house Flipping Back in Portland?




House flipping, a key feature of the pre-recession residential real estate market, remains a small part of the Portland market.

Yet for those who venture into the speculative business, it can offer double-digit profits.

RealtyTrac, an Irvine Calif.-based real estate research firm, studied flipping activity for the year that ended in March. The practice generally entails purchasing a home at below-market prices, fixing it up and selling it quickly for a profit.

The Portland area isn’t one of the most profitable markets for flipping but the practice is profitable, RealtyTrac said.

The New York area, with 7,066 sales considered flips, has the nation’s most active flipping market. The Washington D.C. market, with an average return of 83.4 percent, offers flippers the best returns.

Here’s how the Portland area stacks up, by county:

  • Clark County: There were 297 flips with an average return of 37.1 percent.
  • Clackamas: There were 128 flips with an average return of 32.85 percent.
  • Multnomah County: There were 423 flips with an average return of 29.79 percent.
  • Washington: There were 214 flips with an average return of 24.44 percent.

Click HERE for the Original Article

Tuesday, May 20, 2014

Oregon Shows Faster Job Growth than the Nation



PORTLAND -- After a battering in the Great Recession and a slow recovery, Oregon's job market is showing springtime vigor.

The state Employment Department said Tuesday Oregon added about 15,000 jobs in March and April, the largest two-month increase since 2005.

The department says that, compared to national trends, Oregon lost a larger share of jobs during the recession and was slower at first to regain them.

The department says Oregon is now adding jobs at a faster annual rate than the nation as a whole, 2.6 percent versus 1.7 percent.

Despite that, Oregon's unemployment rate remains at 6.9 percent, because baby boomers are retiring and shrinking the workforce.

The percentage of Oregonians employed or looking for work is at its lowest level since comparable statistics began to be compiled, in 1976.

Check out the Original article HERE

Monday, May 12, 2014

Fix It or Not? What to Ask When Prepping Your Home for Sale



When you make the decision to sell your home, it can be tricky to know which changes would make your home sell more quickly or boost the sale price — and which would just be a waste of your time and resources. Each home (and each homeowner) is different; that’s why we’ve come up with 8 key questions to ask yourself before making any changes to prep your home for sale.

These first three questions will help you take the temperature of the real estate market in your area and assess the competition.

1. How hot or cold is the market in your area?
Are homes being snapped up after the first open house, or are they languishing on the market for months? Are homes being sold at or near the asking price, or for much lower? Are open houses bustling with people, or is attendance sparse? Get a feel for the market in your area by talking with your real estate agent and checking local listings. If it’s a seller’s market, you may be able to get away with doing fewer repairs and modifications before selling, and still have good results — in a buyer’s market, expect to do more work to make a positive impression on buyers.

 3. What is the condition of comparable homes on the market? It can be quite helpful to know a little about the homes that buyers in your area are looking at. Examine photos of homes for sale in your area or even attend a few open houses, and make a mental note of how the other homes compare to yours. Are the kitchens updated? Are the floors in good shape? If all of the other homes you see have a certain feature (for instance, an updated kitchen) that yours lacks, consider making that a priority. You don’t need to make your home exactly like all the other homes on the market; just make sure there isn’t a single factor that could give your home a disadvantage.


To Fix or Not to Fix: Deciding Which Repairs Are Worth Tackling
The next five questions will help you assess whether or not to make a specific repair or change before selling your home.
4. Does the faulty item give the impression the property has not been well cared for? Leaky faucets, cracked tiles, an overgrown lawn, broken appliances or anything else that doesn’t work as it should can immediately turn off buyers. At an open house, people often zip through quite quickly, and if they notice one or two things that send up red flags, they may not give your home another chance.

5. Can you find a less expensive fix? Let’s say you scoped out the comparable homes on the market in your neighborhood, and they all have updated kitchens, but yours hasn’t been touched since the ’80s. Rather than spend big on a full kitchen remodel, why not give your kitchen a less costly refresh? For instance, you could paint the cabinets, swap out cabinet hardware, change the light fixtures and upgrade the appliances to something current and functional but not top-of-the-line. You will put some money into it but not nearly as much as with a full remodel — well worth it if it gets your home in the running in a competitive market.
 
 
8. Could it be a deal breaker? Some home repairs, like a new roof, are just so major that they will scare off all but the most determined buyers. If the market in your area is hot (see No. 1) and you have ample time (see No. 2), there’s no harm in trying to sell without making the big repair, as long as you are willing to price it accordingly (see No. 6). If it’s a buyer’s market but you don’t have time to make the repair before listing, you could offer to pay for it as part of the sales agreement — otherwise it’s probably best to make the change first and then put your home on the market.

To read the entire Article written by Laura Gaskill of Houzz click HERE 
 
 
 
 
 
 
 

Scrapping it forward

Barbara Reed, a homeschooling mom with seven children, needed a refrigerator. Hers was on its last legs and was missing shelves. But money was tight because the family gets by on one income. Her husband, Billy, brings in enough to pay the bills “but we don’t have a lot of extra,” she said.
One day recently, Reed was on Facebook and saw a post from Ron “Boomer” Streit, owner of Westside Metal Recycling, a Hillsboro business, and he was offering to help those in need. She emailed Streit and asked if she could be added to his list for a refrigerator.
by: HILLSBORO TRIBUNE PHOTO: CHASE ALLGOOD - Ron Streit, owner of Westside Metal Recycling, delivers a working washing machine to Aquilla Troutmans  Cornelius home.
by: HILLSBORO TRIBUNE PHOTO: CHASE ALLGOOD - Ron Streit, owner of Westside Metal Recycling, delivers a working washing machine to Aquilla Troutmans Cornelius home.


Streit not only found a refrigerator for the family, he refused any money for it and personally delivered the appliance.
“I think it is the truest form of recycling to repurpose something,” he said. “In my business, I emphasize the word ‘recycling.’”
Streit’s quest to help those who are in need began with a dryer that a friend offered to give him for his recycling business. He didn’t want to scrap a working machine, so he posted it on his personal Facebook page, and within moments had received about 30 responses.
“I thought, there are a lot of people out there struggling, just like me,” he recalled.
Although many scrap metal businesses sell appliances in working condition as a way to add to the company’s bottom line, Westside Recycling decided to invest in the community.
Since he began repurposing as well as recycling, Streit has given away 46 appliances in the past 10 months. While he admits that a couple of the people he has given them to took advantage of him by subsequently putting the gift appliances up for sale, he chooses to concentrate on those who are appreciative.
He has a few partners in the effort, and would love to have more. Real estate broker Lauren Inquinta with PDX Home Group LLC, often provides leads and appliances to Streit from homes that are being updated. Streit said Inquinta’s assistance has reaffirmed his mission.
While many give because they have excess, Streit admitted he is struggling as much as those he helps some times. But he follows the example of his father, Ron Streit, owner of Ron Streit Masonry.
“My father was a prominent businessman in Hillsboro. At Christmas, we would load up the work truck with hams and turkeys and hand them out,” he said. He compared his efforts to the theme of the movie “Pay It Forward,” in which a young boy teaches that doing things for others creates a cycle of giving that returns to the giver.
For example, when Streit’s work truck was disabled, a local business offered him a truck to use while he looked for a replacement.
Although his business is relatively new, he hopes people will realize that it is a real business, run by an honest person who wants his company not only to provide for him and his child, but also for those in the community. Although he has not yet created a 501(c)3, he’s considering the idea. He would also like to spread the concept across the nation in his industry, which he acknowledges does not generally have a great reputation.
Streit advertises the items he has for donation on local Facebook sale and giveaway sites to keep costs low. His trailer has signage about the donation service. Those who need scrap hauled, need an appliance, or would like to donate an appliance can contact Streit at 503-330-9695.
Postings on Facebook
Streit’s Facebook posts explain that he serves those who are unemployed, single parents, elderly or veterans. He qualifies those he is providing appliances to by asking personal questions, but he tells the recipients why he is asking.
“I want to be sure these appliances are really going to those with a need,” he explained.
He attempts to be cognizant that some of those he serves are victims of domestic violence. In those cases, he takes a female with him for the delivery. There is no charge for the appliances or for the delivery.
Barbara Reed is happy to spread the word about Streit, his scrap metal business and his community mission.
“I think it is really important to get the word out that he is honest and he does what he says he is doing,” Reed said. “He is really trying to help people.”


Click HERE for the original link to the Portland Tribune!

Tuesday, May 6, 2014

John Pelham Service Day at Sunset High School May 10th, 2014

Please consider joining our Sunset High School community on Saturday May 10th, in a day of service to honor distinguished alumnus John Pelham (SHS 2010), who died while serving with the U.S. Army in Afghanistan.

John is remembered as a warmhearted, charismatic and involved student. Please help us honor his memory in a day of service at Sunset High School, 8am to 1pm.

To sponsor a tree in Spc. John Pelham's honor, please click on the photo below. Or donate any amount to aid with needed supplies to support the memorial day service fund.


 Click to donate



Tuesday, April 29, 2014

Oregon DMV rated one of the Worst in the Nation



If you’ve ever walked out of an Oregon Driver and Motor Vehicles Services office muttering, “Oregon DMV is the worst,” you weren’t exaggerating, according to a new national survey.
DMV.com, a startup that aims to “ease the stress and annoyance of dealing with the DMV,” compiled a list of the country's best and worst state motor-vehicle agencies.
Oregon came in dead last.
Of course, that doesn’t necessarily mean the Oregon DMV is the nation’s worst, since an eight-month survey of more than 10,000 DMV.com visitors failed to gather an adequate sample size for 13 states.
So, technically, Oregon has the 37th worst DMV, according to the website. Washington ranked 17th. The Ohio DMV, according to respondents, is the nation's best.
Interestingly, according to the DMV.com survey, longer or shorter wait times don’t necessarily drive customer satisfaction.

The average wait time at an Oregon DMV office is 25.45 minutes, according to DMV.com’s “Wait Time Study.” Oregon ranks 12th out of the 41 states included in that analysis.
Nationally, the average wait is 34 minutes, meaning Oregon’s service times are actually 26 percent shorter.

David House, an Oregon DMV spokesman, said he hadn’t seen the results of the customer satisfaction survey but was surprised by the poor ranking, even as the agency's struggles with office closures, staff cuts and a reduction in Saturday hours.
The agency, he said, conducts monthly customer-satisfaction survey and the DMV is working hard to improve the experience for motorists seeking services.

Click HERE for the whole Oregonian Article

Tuesday, April 22, 2014

Blu Homes offers sustainable mid century modern homes with Silver LEED Certified construction

Blu Homes, an incredible new company centered on green building and personalized living, offers architect-designed, precision built, and eco friendly homes in an incredibly convenient way. Blu Homes combines warm eco-friendly materials with a simple and streamlined building process to make it more convenient for consumers. The steel framing used was developed out of research at the Massachusetts Institute of Technology and Rhode Island School of Design. The research put behind the steel being used provides incredible strength, quality and durability. This allows for high performance in even the most extreme weather conditions such as hurricane level winds zones, extreme snow loads, high seismic zones, and challenging soil and marine moist environments. Blu Homes are build by incredibly skilled craftspeople. The homes are beautiful, healthy, green and extremely well constructed. The way they construct the homes allows for a construction time of 6-8 weeks which makes the process more green. Because they use a process that protects from the elements it limits the amount of moisture and mold, debris, noise, and all together annoyance of having a home built. It also means they are able to be more rigorous in their research for the green materials selected to build the home. Blu Homes process also allows for less mistakes and errors because of the computer driven and automated construction. With a multitude of floor plans, options and personal design input, the home you have built is one of a kind to match you and your lifestyle. Their options and floor plans are versatile and diverse and fit nearly any need. So, if you are looking for a one of a kind home built with green materials, with silver LEED certified certification and will last well into your future, you should consider Blu homes.

If you would like to receive more information on these homes please click HERE

Click on the photos below to see different styles and options

Breezehouse
Breezehouse


Interior
Interior view









Origin Home
Origin Home
https://www.bluhomes.com/homes/lofthouse
Lofthouse















Thursday, April 17, 2014

The Hottest Neighborhoods in Portland and How they Compare



Tuesday, April 15, 2014

Tax Day Freebies!! Incorporate Or Form an LLC Free on Tax Day

April 15th.  Either you love it, or you hate it.  Some people are off dreaming of what kind of luxury vacation they will take on their tax refund, and some of us, well, probably most of us, are debating canceling cable or constructing meal plans around ramen and bologna to help ease the pain of writing a check. 

Regardless which camp you fall in this year, be sure to check out Tax Day Freebies! Because writing a big check or booking travel plans can only be made better when done with a free Arby's curly fries.

Own real estate? Perhaps a slurpee won't help you out, but did you know MyCorporation is offering an "Incorporate or Form an LLC Free on Tax Day". Real Estate is a great vehicle for investing, one of the best ways to protect it and yourself is to keep your properties in an established LLC (Limited Liability Corporation). 

While the Free LLC and Tax Filing Assistance are great, I can't help but love this companies spin on April 15th. I'm not sure what I would do with an apple scented urinal screen, but boy do I like the sentiment!

MVPee.com is giving out 1,000 “Abolish the IRS” apple scented urinal screens FREE to the first 1,000 people that request (+ $3.00 shipping/handling). 


Down with Portland foreclosure rates!

The Portland area’s foreclosure rate dropped to 1.89 percent in January, falling 0.65 percentage points compared to a year ago, according to Irving, Calif.-based CoreLogic.
CoreLogic said local activity remained below than the national rate of 1.97 percent.
The group had reported last month it expected to enter 2014 with fewer than 1 million homes worth of foreclosure inventory.
Too, the local mortgage delinquency, defined as the rate of mortgage loans 90 or more days past due, fell to 3.89 percent in January from 5.17 percent one year ago.

Check out the original article here at the BizJournal.
 
 
 

Hillsboro School Board approves $2.25 mil for new high school

 
 
The Hillsboro School Board approved a $2.25 million land purchase of 40 acres in the South Hillsboro development area.
In February, the Oregon legislature approved House Bill 4078, which expanded the urban growth boundary and established new urban and rural reserves in Washington County. For Hillsboro schools, that means new property in South Hillsboro, South Cooper Mountain and Cornelius.
The district expects South Hillsboro to eventually include more than 10,000 new housing units, resulting in 3,200 new students.
 
 
Ed Hayden, the district's realtor, had searched 11 years for an adequate property in the area on which to build a high school. The current landowners agreed to finance the purchase under a four-year contract. 
 
The address of the new property is 22520 S.W. Rosedale Road.
Check out OregonLive.com/Hillsboro to see the original article.
 
 
 

Thursday, March 27, 2014

Airbnb is headed to Portland and Creating 160 Jobs When They Get Here!

Airbnb is planning to open here in Portland creating 160 jobs when they do. What is Airbnb you ask?
Well according to the Bizjounrnal "Airbnb is the fast-growing company that connects travelers looking for a place to stay with people with extra room. Founded in 2008, Airbnb has more than 1,300 employees, according to its Crunchbase profile."
The article goes on to tell us that "Thetus Corp. announced it is heading into 40,000 square feet at the historic U.S. National Bank Block. San Francisco newcomer Airbnb is taking Thetus’ old office to establish a North American operations headquarters. Airbnb will take the roughly 20,000 square feet that Thetus is leaving at 34 N.W. 1st Ave. The office will be one of 12 global offices for Airbnb and will be one of the biggest outposts for the company with a planned 160 employees, said Molly Turner, director of public policy for Airbnb."

That means 160 new jobs for Portland and hopefully, an increase in visitors. To read the entire article please click on the Link/Picture below!

http://www.bizjournals.com/portland/blog/2014/03/thetus-has-a-new-home-and-airbnb-finds-its.html?page=2

 

Friday, March 21, 2014

Portland the "Fittest City in America"

Men's Fitness magazine has names Portland the "Fittest City in America" While that's certainly something to be proud of, what makes this national recognition even more notable is that cycling got top billing in the magazine's report.



Check out the whole article by clicking on the link below

"Portland named Fittest City in America".

Portland is Weirder Than Austin

"It's official: Portland is weirder than Austin, Texas. Well, it's not quite official, but the Sparefoot blog (in Austin) has compared the cities and determined the Rose City is the weirder of the two. The site cites 12 different lists like "America's Strangest People" and "Most Tattooed Cities" going back to 2010.Portland ranked higher in eight categories (including the two above) and Austin took the lead in only four categories. But surprisingly, Austin's winning categories did include "Best Cities For People Watching" and (gasp) "Best Beer Town."
 
 
 
 
Check out the whole article by clicking on the link at the below
"Portland is Weirder than Austin".

Good News for Home Buyers

Good News for Home Buyers!
Breaking NewsVerified account https://twitter.com/BreakingNewst@BreakingNews
Applications for US home mortgages rose last month as interest rates slipped; Mortgage Bankers Association index up 9.4% - @Reuters.

Thursday, March 13, 2014

Cedar Mill Walgreens Opens Discussion for Standing Remodel Regulations

Cedar Mill News reports Washington County’s Land Use and Transportation Department may review “standing wall remodel” regulations following concerns raised in Cedar Mill.
 
When a Walgreens went in at Cedar Mill Town Center, the store did not have to meet town center building requirements because the new store was built with one wall of the previous building left standing, according to Cedar Mill News. However, not much of the wall was actually left standing and a new building was constructed without meeting some transit-oriented regulations for development.
 
Such loopholes could become part of countywide discussion later this year.
 
The Land Use and Transportation Department’s 2014 work plan will be finalized in April.

Check out the ling below to read the original article.

http://www.oregonlive.com/beaverton/index.ssf/2014/03/cedar_mill_standing_wall_debat.html

Wednesday, March 12, 2014

New Technology Takes Homes on Acreage to the Next Level

No boring pasture here.

The video of this entertainer's paradise will speak for itself. Over 2000sf of single level living with gorgeous remodeled master suite. Wine cellar, granite counters, slate floors, and an outdoor living room with million dollar view. Tons of extra outbuildings include: 3 car garage, guest cottage, caretaker studio apartment, covered barn and outdoor arena!

See it all in this inspiring short video.


16796 SE Royer Rd, Damascus 97089 from McImagery on Vimeo.


16796 SE Royer Rd. $679,900

Thursday, March 6, 2014

If You Didn't Buy a Home Yesterday, You Should Today



Did you purchase a home yesterday, or the day before? Well if you didn’t you should buy today. With a projection of increase in prices now is the time to buy before they go up any further. CoreLogic found that Oregon had some of the largest home-price increases in the country in January.

Elliot Njus said in his article that in the Portland area, prices were up 15.6 percent in January from a year earlier. Nationally, home prices were up 0.9 percent in January compared with December and 12 percent from a year ago.Based on sale contracts already signed, CoreLogic said it expects a year-over-year increase of 12.5 percent through February.

So, if you aren’t in the process of buying a home now, you should definitely start looking at getting into the process soon rather than later. Check out the rest of the article below.