Portland By The Numbers, September 2017

Each month, Realty Trust Group produces seven unique ‘By The Numbers’ reports, featuring up-to-date monthly statistics on the hottest markets and most-active zip codes in Greater Portland, the neighborhoods in and around Lake Oswego and West Linn, and our city’s unique 5 Quadrants.

Contact a Realty Trust Group broker to get your own set of the ‘By The Numbers’ reports for September or click HERE first to see the September 2017 market stats for Greater Portland saved on my web site.

Graphic for 09 Sept. 2017 BTN

Buyer Confidence Last Month At An “All-Time High”

According to Fannie Mae’s Home Purchasing Sentiment Index (also known as the HPSI), confidence in housing “again met an all-time high in September.”

In a recent article I read by RISMedia reporter Suzanne De Vita, the HPSI score last month was 0.3 percent higher than the month before, posting at an overall high of 88.3 percent.

“The biggest driver for the increase in the HPSI is the rebound in the good time to buy sentiment, which outweighed the largest drag: a sizable reduction in the net share of consumers expecting home prices to rise over the next year,” Doug Duncan, chief economist and senior vice president at Fannie Mae, is quoted as saying in the article. “Details in the survey showed a meaningful pickup in the good time to buy component, especially from the renter respondents.”

What does this mean for you? Contact a Realty Trust Group broker to discuss how this increase in confidence will affect home buyers and home sellers before the end of this year.

Blog pic for post to RTG

According to RISMedia’s article on the Fannie Mae HPSI, confidence in housing for September is at “an all-time high.”


Portland By The Numbers, August 2017

Each month, Realty Trust Group produces seven unique ‘By The Numbers’ reports, featuring up-to-date monthly statistics on the hottest markets and most-active zip codes in Greater Portland, the neighborhoods in and around Lake Oswego and West Linn, and our city’s unique 5 Quadrants.

Contact a Realty Trust Group broker to get your own set of the ‘By The Numbers’ reports for August, or click HERE first to see the August 2017 market stats for Greater Portland saved on my web site.

Graphic for 08 August 2017 BTN

Start Winterizing Your Home Now

Now that summer is over and our Portland rains have returned, it’s time to think about winter. Specifically, it’s never too early to start winterizing your home.

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Getty Images / Popular Mechanics Sept. 14, 2017

I recently read an article in Popular Mechanics with 19 great tips on getting your home ready for winter, including:

  • Change your furnace filters
  • Winterize your A/C and water lines
  • Use caulking and weatherstripping, and
  • Install your storm doors and storm windows now

You can click HERE to read the full article on PopularMechanics.com, or contact one of our Realty Trust Group brokers for more advice, especially if you want to put your home on the market before the end of the year.


Portland By The Numbers, July 2017

Each month, Realty Trust Group produces seven unique ‘By The Numbers’ reports, featuring up-to-date monthly statistics on the hottest markets and most-active zip codes in Greater Portland, the neighborhoods in and around Lake Oswego and West Linn, and our city’s unique 5 Quadrants.

Contact a Realty Trust Group broker to get your own set of the ‘By The Numbers’ reports for July, or click HERE first to see the July 2017 market stats for Greater Portland saved on my web site.

Graphic for 07 July 2017 BTN

Be Safe and Have Fun During Oregon’s 2017 Solar Eclipse Monday, August 21

Amy and Maggie

Amy McMahon and Maggie Oken-Berg get ready for the eclipse by testing their ISO 12312-2 compliant glasses.

Whether you’re planning to enjoy 98.9% to 99.6% of the solar eclipse in Portland on August 21, or planning to drive somewhere south to be in the path of totality, be sure to be safe while having fun. The Oregon.gov website has published a list of helpful tips to get ready for the big day:

Suggestions for both residents and visitors:

  • Be prepared for crowds, lines and traffic. Be patient. Bring books, games, etc., to keep busy; Take the time in long lines to get to know Oregonians and other visitors via lively conversation. It’s a good time to learn about Oregon and other areas from which guests are visiting, and to make friends from around the state/country/world.
  • Have snacks, water and first-aid supplies on hand in case crowds/lines/traffic become paramount.
  • Become aware of the beauty, splendor and hazards that are all part of Oregon. Know what to do and where to go in the event of severe heat, wildfires, earthquakes and other natural disasters.
  • Have an emergency kit and an emergency plan; make sure family members or friends back home know your schedule, when you are expected to return and your plan if something happens.
  • Print paper copies of maps in case your cellphone/GPS die.
  • Wear the right safety gear for your eyes. Make sure they meet the ISO requirements of the American Astronomical Society.

If you’re driving to see the path of totality:

  • Traffic can take up to 3 or 4 times longer than normal, so make sure to fill up on gas and pack extra water/food.
  • Pack things to keep yourself entertained if you are stuck in traffic (music, books on tape, etc.).
  • Cellphone networks may be slow due to the increase of users in that area so you might not be able to access GPS or make calls.
  • Be flexible with your plans. The drive may take longer than you expect and you might have to watch the eclipse from a different location then you planned.

Don’t forget to have fun!

  • During the eclipse the sky will go dark, the temperature will drop, and the birds will stop chirping.
  • During the peak time you will be able to see white streams of light around the sun (that is the atmosphere of sun and is only visible during eclipses).
  • You will also be able to see stars and planets such as Venus, Mars, Mercury and Jupiter.
  • Even if you aren’t in the path of totality, you will still be able to see a partial eclipse here in Portland.

Remember: Looking directly at the sun is unsafe unless you’re 100% in the path of totality, and — even then — you need to be cautious. Also be sure you have a pair of eclipse glasses or a handheld solar viewer verified to be compliant with the ISO 12312-2 international safety standard for such products, as detailed in a recent post on NASA’s website.

Happy Eclipse Viewing!


Portland By The Numbers, June 2017

Each month, Realty Trust Group produces seven unique ‘By The Numbers’ reports, featuring up-to-date monthly statistics on the hottest markets and most-active zip codes in Greater Portland, the neighborhoods in and around Lake Oswego and West Linn, and our city’s unique 5 Quadrants.

Contact a Realty Trust Group broker to get your own set of the ‘By The Numbers’ reports for June, or click HERE first to see the June 2017 market stats for Greater Portland saved on my web site.

Graphic for 06 June 2017 BTN

The Benefits of Wine, and Wine Cellars

4 Wine Cellars

I recently read that wine cellars are becoming more popular than home theaters for custom home renovations. While it’s true that a wine cellar can be a great way to renovate an otherwise unusable or under-utilized space, there are many factors to take into consideration before you spend the money on one.

If you’re planning on selling your home soon, you should get the advice of a real estate professional before you renovate your home to add a wine cellar — or any other ‘luxury amenity’ — that may (or may not) be the perfect feature to help find the perfect buyer.

But if you plan on staying in your home for a while, our friends at Jen Reviews recently published a great article on the scientific benefits of wine.

“Wine has undergone intensive studies over the years and it has been proven to be an effective elixir. Who says a man needs a fountain of youth to live a long life?” writer Jess Miller asks in last month’s article. “Pour yourself a glass of wine from the wine cooler and bottle up some knowledge to find out the surprising benefits.”

You can read this fun and informative article HERE — www.jenreviews.com/wine — and be sure to contact a Realty Trust Group agent to find out the ‘scientific benefits’ of uncorking a new wine cellar in your home.


Portland By The Numbers, May 2017

Each month, Realty Trust Group produces seven unique ‘By The Numbers’ reports, featuring up-to-date monthly statistics on the hottest markets and most-active zip codes in Greater Portland, the neighborhoods in and around Lake Oswego and West Linn, and our city’s unique 5 Quadrants.

Contact a Realty Trust Group broker to get your own set of the ‘By The Numbers’ reports for May, or click HERE first to see the May 2017 market stats for Greater Portland saved on my web site.

Graphic for 01 May 2017 BTN

The ‘Next’ Portland?

According to a recent article on FastCompany.com–the on-line edition of the excellent monthly technology, business, and design magazine–Portland is becoming the new measuring stick for all things millennial, starting with hotels.

“They’re searching for what appeals to the millennial market–’the next Portland,’ a once ignored place that, with the right new businesses, can become an edgy-cool destination,” FastCompany.com reporter Rina Raphael wrote in her June 16, 2017 article.

Ace Hotel Pittsburgh

From FastCompany.com: “A century-old former YMCA building is now the Ace Hotel Pittsburgh in East Liberty, a neighborhood referred to as the ‘second downtown.’ [Photo: courtesy of Ace Hotels]”

According to Raphael, “From El Paso to Pittsburgh, cities once considered ‘drive-through’ are undergoing a rebirth, with chic new hotels strengthening local tourism and culture.”

Whether it’s refurbished inns with “industrial chic decor” or revamped athletic clubs more than a century old, these boutique hotels are popping up in unexpected cities throughout the U.S. As Raphael explains in her article, “compared to so-called first-tier cities, land in these areas is relatively cheap, so boutique owners can purchase and refurbish old buildings that have character and history and are cherished by the local community.”

Hotel Indigo

From FastCompany.com: “The 12-story Hotel Indigo in downtown El Paso has helped reinvigorate the area. [Photo: courtesy of Hotel Indigo]”

You can read the entire article on FastCompany.com here.