Real Estate Blog - Blog Archive: November, 2016

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November 2016

Found 9 blog entries for November 2016.

Oregon live discusses Portland housing prices according to the Case-Shiller home-price index.

The Portland area led the nation in home-price increases for 11 months, but Seattle took the top spot in September. Portland saw home prices rise 10.9 percent year-over-year, compared with Seattle's 11 percent, according to the Standard & Poor's/Case-Shiller home price index. The two cities were only ones out of the 20 surveyed in the index to see double-digit annual increases.

Portland's annual increases have slowed in recent months, which is welcome news for would-be homebuyers who have seen rising home prices take chunks out of their buying power.

But the housing market remains highly competitive, and costs are still rising at a rapid clip. Looming

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Your Guide to Holiday Feasting Without Having to Cook a Damn Thing!

Feast your eyes on this feast of restaurants offering literal feasts you can devour on Thanksgiving Day, all without needing to spend a single second in your kitchen cooking anything on your own. And if you don't feel like getting out of your sweatpants and/or jammies all holiday-long, some of these restaurants are providing you the option of just driving in and picking up that glorious bounty to go. Click the restaurant name for menu details and prices:

23Hoyt
Andina
Bluehour
Bread & Ink
Brix Tavern
Country Cat Dinner House
Dig a Pony Less a dinner and more a dance party with pie.
Doug Fir
Feastworks (to-go option) 
Headwaters at the Heathman
Imperial
Irving Street Kitchen (to-go

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Metro News came out with an article that discusses Portland's housing cost an the aspects that affect it.   

How much it costs to live here – and who pays. 7 things to know.

Almost daily, the stories shout from greater Portland's newspapers and screens. Evictions, rent hikes, struggling first-time home buyers. Rallies, hearings and government responses. Housing has long been a hot topic in Portland, but it seems to burn more people with each passing day.

So why are we struggling so much with housing costs in this region, and what can be done? Are there signs of hope? Here are some things to know about affording a home in the Portland region today.

1. Quality of life, prosperity and affordability:

Choose two? It's a simple fact: Our

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Neither candidate said much about homeownership, or real estate in general, during their presidential campaigns. That is probably just as well given the track record politicians hold in fulfilling campaign promises. Trump is known to favor homeownership and is a strong proponent of deregulation. On that basis we are comfortable making the following predictions:

Borrowing:

Mortgage Rates: Long term mortgage rates have risen slightly since Election Day. They could have gone either way, and it is likely that the response will show a very short term fluctuation then a “return to business as usual” pattern.  The consensus prediction remains that mortgage rates will gradually rise. We’ve been hearing that for a long time; this time it is more likely

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The Portland Business Journal recently came out with an article that speaks to the condition of the current housing market. Windermere's chief economist discusses the main factors that effect Portland's real estate market.  

Earlier this month I had the pleasure of presenting my economic update and housing forecast to 400 real estate agents that gathered from six states across the U.S. for Windermere Real Estate’s annual Symposium, held at the Sentinel Hotel in Portland. Even though they all represented different housing markets and micro-economies, the questions that resonated from agents during the networking and professional development opportunities were uncanny in their similarities.

First, I’ll explain by addressing the rampant rumors at

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Research suggests that about 1 in 20 homeowners will make an insurance claim each year. So while it may seem that your monthly home insurance expenses aren’t worthwhile, the chances of needing your insurance are higher than you might think.

There’s are countless factors that influence your insurance rates, so here are few examples—some you’ve probably considered, and some that might be surprising.

Location: Some areas are simply naturally more prone to damage than others. Potential for weather and natural disaster-related damage will factor into your insurance, as will crime rates and fire protection.

Home value: This may seem like a no-brainer at first glance, but there are some extra considerations. The value of your home and the cost to

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For many people the garage is the place you mindlessly store stuff just to get it out of the way, and before you know it, you’ve got a cluttered mess on your hands. Here are five steps toward organizing your garage for good.

 1. Make a plan: What do you want you garage to be? Is it a workshop, a storage space, or a nightly place to park your car? Before you roll up your sleeves and get to work, decide on a plan for your garage’s primary use, and prioritize around that goal.

 2. Be vigilant with clutter: There might be items in your garage that you haven’t touched in years—you’ve probably even forgotten they’re in there. It’s easy to justify keeping items when you’re in the moment, but look a the big picture. If you can’t remember the last time

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It’s easy to be wowed by a house. You’re anxious to discover your dream home and accomplish a big goal. You can’t wait to cook in the brand new kitchen or relax in the spa-style tub. All that excitement can also make it easy to dismiss some minor issues that can become major annoyances down the road. Rather than letting your excitement get the best of you, take the time to analyze smaller details properly.

Don’t dismiss the location
Let’s say you find a perfect home that’s an extra 20 minutes each way from work. Those 40 total minutes don’t seem like a big deal at first glance, but consider that you’ll be dealing with that extra commute day after day, year after year for as long as you live in the house. Is that an inconvenience you’re willing to

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