What Might the Rest of 2020 Look Like?

What Are Experts Saying About the Rest of 2020? | MyKCM

Let’s be real one of the major items on everyone’s mind these days is: What’s going to happen to the housing market in the second half of the year? If we look at recent data on the economy, unemployment, real estate, and more, many factors economists are now revising their forecasts for the remainder of 2020 – and the outlook is extremely encouraging. Here’s  what some experts have to say about key areas that will power the industry and the economy forward this year.

Mortgage Purchase Originations: Joel Kan, Associate Vice President of Economic and Industry ForecastingMortgage Bankers Association

“The recovery in housing is happening faster than expected. We anticipated a drop off in Q3. But, we don’t think that’s the case anymore. We revised our Q3 numbers higher. Before, we predicted a 2 percent decline in purchase originations in 2020, now we think there will be 2 percent growth this year.”

Home Sales: Lawrence Yun, Chief Economist, National Association of Realtors

“Sales completed in May reflect contract signings in March and April – during the strictest times of the pandemic lock down and hence the cyclical low point…Home sales will surely rise in the upcoming months with the economy reopening, and could even surpass one-year-ago figures in the second half of the year.”

Inventory: George Ratiu, Senior Economist, realtor.com

“We can project that the next few months will see a slow-yet-steady improvement in new inventory…we projected a stepped improvement for the May through August months, followed by a return to historical trend for the September through December time frame.”

Mortgage Rates: Freddie Mac

“Going forward, we forecast the 30-year fixed-rate mortgage to remain low, falling to a yearly average of 3.4% in 2020 and 3.2% in 2021.”

New Construction: Doug Duncan, Chief Economist, Fannie Mae

“The weaker-than-expected single-family starts number may be a matter of timing, as single-family permits jumped by a stronger 11.9 percent. In addition, the number of authorized single-family units not yet started rose 5.4 percent to the second-highest level since 2008. This suggests that a significant acceleration in new construction will likely occur.”

Good news is that the experts are optimistic about the second half of the year. If you made the choice to pause your 2020 real estate plans in the spring, now may be the right time for you to get back into the market.  If you have questions I’m here to talk to you about it, no pressure, no tactics just the advice and guidance you need to make the best decision possible for your family.

So What Does an Urban Farm Store Have?

My Copy of May 2020 Graphics  (1) copy 5I am always on the lookout for a unique closing gifts, and this week’s local business has just that, Bennett Urban Farm Store  Located in Downtown Hillsboro in Oregon is located at 276 E Main Street and has  something for everyone on your gift list.

They have the most amazing baskets that are perfect for carrying all the items you get at the farmers market, going to the beach or heading out for a picnic.  You can also fill that picnic basket with drinks, energy bars and chocolates that they have on hand.  Root Beer soda anyone?

As far as gifts go, they have adorable bottle stoppers, children’s toys, DIY cheese kits, lots of items for you kitchen, greeting cards, reusable food wraps, and so, so much more.  If you happen to be in Downtown Hillsboro be sure to stop by, and you can also pick up a some coffee because they also do coffee roasting and they make jam.  Yummy!

If you can’t make it into the store be sure to go to their website https://www.bennetturbanfarmstore.com/ to place an order online, and you can find them on Facebook  and Instagram at bennett_urban_farm_store.

 

You can Never Have too Many Books Right?

Add a subheadingI love to read, and while I enjoy audio books and reading on my eReader there is something special about holding a physical book in your hands.  It’s probably why I love buying books so much.  The problem is, what do you do with all of those books because at some point in time you run out of places to keep them.  Helping get rid of some of those books is where this week’s local business of the week comes into play.  The Arcade Book Exchange is a used bookstore that has been serving the needs of Washington County readers for over 43 years, and the amazing thing is that you can trade your old reads for some new ones.

The Arcade Book Exchange carries a large selection of newer release, novels, romance, mystery, horror, spy/adventure, sci-fi/fantasy, westerns, children/young adult, self-help, inspirational, historical, true crime, biographies, category romance, military and so much more.  You are sure to find something you’ll love.  They focus primarily in paperback books, but you can find a selection of collectible and hardbound books as well.  In addition, if you aren’t ready to venture out and go brows books in person they offer an online selection of books too.

It should be noted that Arcade Book Exchange does not purchase books, you can only trade them.  So you may be wondering what does the process look like when you trade books?  Well here’s what you need to know about their trade policy:

You will receive 1/4 of the cover price on all incoming books in in-store credit.
Outgoing books can be purchased at 1/2 the cover price.

Half of your PURCHASE price may be deducted off of your store credit.
The remaining half must be paid with cash, check, debit or credit card.

EXAMPLE:
Bring in two $8 books. You will receive $4 in store credit.
Take out two $8 books you will pay $4 in cash/debit/check and $4 will be deducted off your store credit.

All “CASH” books (with white cash sticker) are eligible to be taken off your store credit.

Credit has no expiration and no cash value.

So, the next time you are in need of a new book, why not exchange some books you no longer want and get some new ones.  The Arcade Book Exchange is located at 136 SE 3rd Ave, Suite 300, Hillsboro, Oregon and their phone number is (503) 648-5821

Are you making a good investment? Let’s talk about buying a home with resale potential!

You Might Not Be Able to Go to Hawaii, however You Can Still Get a Taste of the Islands

My Copy of May 2020 Graphics (1) copy 5OK, Hawaii is my favorite place EVER!!!!!  I love the laid back Aloha life style, I love the culture, I love the ocean and beaches, I love the flowers, I love the grinds and so much more.  So, if you are like me and are missing the islands may I suggest that you hit up 808 Grinds  No matter what you are craving they are sure to have exactly what you’re looking for.

Some of my personal favorite dishes that I love to make at home (I have Celiac and unfortunately for me teriyaki sauce and soy sauce have gluten in them, booo) are kalua pig, loco moco, and shoyu chicken.  All of these items are on the menu at 808 Grinds and are traditional Hawaiian grinds that you would find in a plate lunch.

Don’t know what a plate lunch is?  It’s typically a protein with a scope of rice and mac salad, because no Hawaiian meal is complete without rice and mac salad.

I know that many folks associate SPAM® with Hawaii as well.  So why is this canned ham so popular?  Well, according to the SPAM® website Hawaii’s love for SPAM® began during World War II.  You see SPAM® was given to those stationed in Hawaii because it has a long shelf live and doesn’t need refrigeration.  Not going to lie, it is pretty tasty.  I know that SPAM® Musubi, seared marinated spam over rice, wrapped in nori (seaweed), is a very popular dish and you can try it at 808.  Not everyone gets SPAM® but you have to try it at least once so why not try it at 808. I mean my husband is even willing to eat it when we are in Maui so long as it’s in his fave – breakfast fried rice.  LOL.

Oh, and if you have a sweet tooth they have you covered there too with banana cream pie, guava chiffon cake, sweet potato-haupia pie or chocolate haupia pie.  I’m drooling just thinking about it.

So, if your mouth is now watering too you may be wondering where you can go grab some grinds.  808 Grinds has several locations:

Hillsboro – 1035 NE 25th Ave

Beaverton – 10100 SW Park Way, PDX 97225

808 Grinds Food Cart – Gigantic Brewery – 5226 SE 26th Ave, PDX 97202

Oh, and if you’re looking for someone to cater your next luau or party hit them up.

Aloha, and go enjoy some grinds.