Portland Metro Highlights

Portland’s growing up

Over the last several decades, Portland has grown steadily into the coveted West Coast lifestyle city it always aspired to be, and today’s housing market is a result of that sustained growth. Our market is—and remains—strong. It has fully recovered from the financial crisis of 2009. It has continued nation-leading appreciation, according to the recent S&P CoreLogic Case-Shiller home price index.

Market conditions appear to remain favorable for the foreseeable future, although there are livability factors—such as affordability and homelessness—that if remain unchecked, will affect Portland’s favored status. Despite these significant issues, our prognosis for Portland’s housing market remains strong. Our new mayor and city council are focused on housing and working to make Portland more livable now and into the future.

To read more about how Portland is Growing Up click on the link below:


For additional Portland Market Condition Information click on the link below:

For the Latest Portland Real Estate Market Highlights - check out the Market Action Report & Neighborhood Stats below

In the event you or someone you know is thinking about selling or buying a home, give me a call at 503-319-5684 or email arnett@realtytrust.com to discuss current market activity and conditions.
Popular Remodel Trends for 2017

Black Stainless Steel

Black stainless steel appliances and fixtures were hot items at the 2017 Design and Construction Week show.

Image courtesy of www.LG.com.

Fad Factor: Low to moderate.
Black stainless steel's matte finish resists fingerprint smudges and has a sleek, elegant look. One downside is that scratches are more noticeable because they show as silver, not black. While this trend is likely to last, traditional stainless may be a safer choice if there's no room for error.

No-Threshold Showers

Large, no-threshold showers with bench seats, grab bars, LED lighting, and rain shower heads are in high demand.

Fad Factor: Low.
Any "age in place" feature that makes a home more usable for people with decreased mobility is likely to be a winner. The proportion of people aged over 65 is expected to grow to over 21 percent of the U.S. population by 2040 (up from 14.5 percent in 2014).

Three-Dimensional Wall Tiles

There are some gorgeous tile designs to choose from these days, and a popular trend is to choose styles that create an uneven wall texture.

Images courtesy of Ragno, De Castelli, and Lea Ceramiche.

Fad Factor: Moderate to high, depending on style and location.
Three-dimensional tile works beautifully as an accent feature, especially in contrast with a sleek material. In bathrooms and heavily-used areas, however, the extra effort involved in keeping tiles clean could get old quickly.

Tile for Floors and Quartz for Counters

Hardwood is still extremely popular, but it's starting to lose a bit of ground now that there's such a huge selection of wood-look ceramic tile. Quartz for countertops has been going strong for years and continues to be in high demand.

Fad Factor: Low.
Both materials are durable and attractive, two crucial components of a trend with staying power. One thing to keep in mind is that tile floors will have a colder feel compared to hardwood unless there's in-floor heating.

Chevron and Herringbone Patterns

Yes, chevron and herringbone patterns are popping up on both floors and walls in hardwood and tile.

Wall tile image courtesy of Ragno.

Fad Factor: High.
This is a distinctive look that's not functionality-related, so it comes with a higher risk factor. It's more likely to have staying power when the final result doesn't produce a busy or distracting effect.

Gray, White, and Blue

Gray, white, and beige (essentially "greige") have been trendy for the last couple of years and are still going strong. This year blue tones are getting some designer buzz as well.

Fad Factor: Low to moderate.
Extreme versions of any trend are likely to lose favor more quickly. Gray tempered with a soft, warm tone will probably appeal to a wider market over the long term compared to cold dark grey or heavily bleached wood. Blues are a bigger departure from the norm and run a somewhat higher risk of being seen as a former fad in five years.

2016 Trends that Are Still Going Strong:

- Deep Drawers and Slide-Out Shelving

You can't go wrong with this kind of storage.

- White Cabinets for Kitchens
Still extremely popular, often with open shelving.

- Water-Saving Technology
Dual flush toilets and low-flow showerheads are in growing demand.

- Matte Finishes
If anything, the "low gloss" trend is even stronger this year.

- Universal Design
Any "age in place" upgrade is likely to increase market value, whether it's a wheelchair-accessible shower or the addition of an in-law suite.

- Large Planks and Tiles
Improved inkjet technology allows ceramic tile to look like wood and natural stone, and 3-mm-thick sheets come in sizes as large as 5' by 10'.

- Farmhouse Sinks
Still popular, probably because after years of double sinks people enjoy actually being able to fit a large pan with a handle into their sink. :)

What the lawyers make us say: The information here is not presented as expert legal or financial advice. Please use your best judgment and consult professionals when necessary.
Recent Market Highlights
Market chart icon

- U.S. home prices rose 5.6 percent year-to-year in November, according to a recent S&P/Case-Shiller report. They rose 7.1 percent year-to-year in December, according to CoreLogic, a data and analytics company.

- The national average 30-year fixed mortgage rate is around 4 percent.

The December Pending Home Sales Index rose .3 percent year-to-year, according to the National Association of Realtors®.
Note: Housing statistics based on closed sales typically reflect market conditions of two or three months ago. To find out what's going on right now in your local market, please contact me directly.

Contact Me for Market Information
Are you curious about your home's current market value, or do you have a question about home buying? Just reply to this email, or call me at (503) 319-5684.
Links that Make Life Easier

Sometimes real estate-related, sometimes not... these are assorted links that come in handy:

The 2017 Houzz Kitchen Trends Survey
An interesting survey that includes separate results for Baby Boomers and Millennials.

Top 10 Tile Trends
This article is from 2016, but it shows gorgeous examples of tile and color trends that are still current.

Pavlova with Blueberry Jam Recipe
A twist on a classic dessert from New Zealand (or Australia, depending on who's telling the story).

The Lighter Side

Screenshot courtesy of www.whitebearautos.com.

A polar bear mascot with poor traction became the surprise star of this car commercial filmed on a skating rink. Let's hope that suit had some padding!

Click here or on the image to watch the video on the Today website.

Are you thinking of buying or selling a home in the next year, or could you use some remodeling advice? Even if you just need the name of a good service provider, please remember that I'm always here to help you. I welcome the opportunity to serve you, your friends and associates with my expertise and recommendations.
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