In celebration of the new school year, we are helping Schoolhouse Supplies with their mission to support public education in the Portland area by providing free school supplies to students in need. Since their founding, Schoolhouse Supplies has distributed an estimated retail value of more than $19.3 million dollars of supplies into our local classrooms.
Aryne + Dulcinea will match your donation from now until September 7th up to a total donation of $200. Go to Schoolhouse Supplies today to make your donation. Be sure to type “Aryne + Dulcinea” in the Additional Comments field at the bottom of the donation so we can match your donation.
Thanks for helping us help our local students!
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
Whether your kid eats hot lunch or brings their lunch to school, you want to be sure they are eating healthfully and well…actually eating a meal. Here are a few tips for those folks who pack a lunch to bring to school. We thought sharing our simple approach might save you time in the mornings, bring fun and healthful eating habits to you kids as well as reducing waste while you’re at it!
Lunch goes by quickly, so finger food and easy to nibble food is great for kids. Try making a half sandwich instead of a whole and make the sandwich a side, not the main…in fact our method is that there is no main dish for lunch. Here’s what we put together:
(1-2) raw veg
(1) raw fruit (with a sprinkle of cinnamon?)
pretzels or corn chips
nuts
1/2 sandwich
Have fun making lunches fun and healthy!
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
There’s been a lot of commotion around developing habits of tidiness. The proclaimed Queen of Tidying Up, Marie Kondo, has even dubbed the practice as “life-changing magic.” It’s a bold claim, of course. But when we take a moment to evaluate the impact of tidy living, we find there are several improvements which result from creating a well-maintained space. With benefits including peace of mind and increased opportunities for socialization, tidying up may be the most underrated form of self-care.
Environmental Impacts
Medical researchers and mental health professionals have long understood the impact of your personal environment on your mental well-being. Your environment can serve as both a reflection and perpetuator of your current habits. An organized space can help relieve environmental stress, resulting in improvements to your mood and productivity. Additionally, creating a system which fosters organization can help you develop micro habits of tidiness, allowing you to maintain a more livable space.
Social Impacts
Have you ever invited over a last-minute guest, only to realize your space is an inhospitable mess? Utilizing habits of tidiness will – at the very least – minimize the mess in your home and create an environment more welcoming to friends, neighbors and family members. Studies have even found that individuals who maintain a clean home are more likely to host social events.
How to Master Tidy Living
Start with a clean slate.The best way to have a tidy space is to start with a tidy space. Audit your home and determine what needs need to be addressed. Is it clutter? Spend a weekend doing a purge of your closets and storage spaces to free up space. Is it cleanliness? Hire a crew of cleaners to do a deep-clean of your space. Giving yourself this head start will help in making the transition into your new habits.
Clean as you go. A tidiness pro knows that a couple of minutes a day is much preferred to the weekend sweep. Once your space is in a manageable, it’ll be much easier to identify items out of place or areas in need of attention. Get in the habit of putting your clothes away each day and wiping down the heavily used surfaces in your primary living space.
Make it a date. So you let a few days slip, and you need to get back on track. GREAT! This is the perfect reason to set aside an evening for yourself. Open a bottle of wine, play your favorite album or podcast and get to it. We recommend setting aside at least twice the amount of time you anticipate spending. That way, you don’t have to rush through your projects, and you can use the remaining time to do reward your hard work with something especially luxurious.
It might be the most underrated form of self-care, but tidy living has huge payoffs for your mental and emotional well-being. It’s too easy to get caught up in the daily grind and relegate your needs for these external demands. But when we stop taking care of our homes, we stop taking care of ourselves. A tidy home is one that you can truly fall in love with, and don’t you deserve to love where you live?
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
Since its development in the 1880s, the area now known as Portland’s Sabin neighborhood has experienced a number of socio-economic shifts. Evolving from a community of immigrant workers, this tight-knit neighborhood experienced significant expansion to accommodate many of the 17,500 refugees who fled the devastating Vanport flood. Presently, Portland’s Sabin Neighborhood is a city leader in cultural and economic diversity, while still maintaining its heart as an inclusive and community-focused district.
THE MARKET:
The housing market in Portland’s Sabin neighborhood is notable for featuring many charming craftsman and old-style Portland homes, which are currently selling for an average price of $639,739. According to Portland Monthly’s most recent real estate market study, housing market in Portland’s Sabin is the fifth-fastest moving market citywide. In this capacity, homes spend an average of only 16 days on the market. Additionally, the report estimates a growth of 58.7% in average home prices over the next five years.
WHAT WE LOVE ABOUT SABIN:
Portland’s Sabin neighborhood is primarily residential, but offers a variety of community-focused outdoor attractions. Among these are the self-guided Bee-Friendly Garden Tourand the Sabin HydroPark, featuring two historic water towers. Locals know that the relatively quiet ambiance of Sabin is a misnomer, as the neighborhood actually features some of Portland’s premiere dining establishments. On average, the 4,000+ residents in Sabin can walk to three restaurants, bars or coffee shops in less than five minutes.
For more insight into the housing market in Portland’s Sabin neighborhood northeast neighborhood trends, view our comprehensive real estate data set below.
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
Our listing in Cully will be party today. Stop by to see this incredible lot for building your next dream project. Bring a picnic, maybe a frisbee, groove to our silent disco and enjoy our lemonade bar and stay a while. Aryne + Dulcinea will be on site to discuss your plans. Stop by today and say hi!
Sunday, August 12th from 12:00-2:00pm, Corner of NE 62nd + NE Emerson
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
What’s new in the mortgage business in 2018? More of the upward cycle in homebuying and competition for mortgage borrowers like we haven’t seen since 2006. After 10 years of fragmentation, big players are entering the mortgage space. Zillow is rolling out a mortgage provider to go with its real estate arm. Additionally, there are likely rumors that Amazon is working to build its own mortgage platform. Questions abound about what disruption Amazon and Zillow mortgage products may bring.
Historically, mortgages have been among the most regulated financial products. The government acts as a mortgage purchaser (Fannie Mae and Freddie Mac) and as a mortgage insurer (FHA). Along with their support for the mortgage industry comes a very specific set of rules for how mortgages can be originated -– we call this compliance– and an arcane set of rules that determine who gets a mortgage or not – called guidelines.
The “guideline” portion of the mortgage business – how loans are approved – could change with the arrival of these new players. Amazon and Zillow have both made a business of predicting consumer behavior by aggregating and analyzing data. It isn’t a big stretch to imagine them using that type of analysis to develop their own set of metrics for approving loans.
Compare how car loans are originated to how mortgage loans are underwritten and approved. Car loans are typically based on verbal information, heavily credit-based and approved in minutes. The value of the collateral (the car) is determined automatically based on a database of actual sales. The automated underwriting system amalgamates the credit, income and collateral data and analyzes it with an algorithm to determine if the loan will be approved. There is a wide spectrum of terms offered, based on risk. “good” loans get lower interest rates, “risky” but approved loans get higher interest rates.
Mortgage loan approvals are rule-driven – has the borrower been self-employed for two years, is the down payment borrowed, etc. There’s a loose correlation between meeting standardized underwriting criteria and loan performance, but at a micro level, loan decisions are not made based on how “good” a loan is. They’re made based on whether the right boxes are checked. While terms vary somewhat based on credit score, for the most part it’s a pass/fail system. It’s all very 1970.
With these new players entering the market, it’s possible that the next wave of change in the mortgage business will be to integrate big data and change the way mortgage loans are approved and priced. Amazon and Zillow mortgage products could mean quicker, easier loan approvals for the consumer. There would be a wider range of terms that more accurately reflects overall risk and makes mortgages available to riskier borrowers. It’s been just about long enough since 2009 for to see the business cycle open to change. The mortgage business has been among the most resistant to change – but five years ago, who thought you’d get into a stranger’s car instead of a taxi?
Aaron Nawrocki has over 20 years of direct experience overseeing mortgage and loan processes, working to provide clients the market insight and lending expertise required to make informed decisions.
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
JUST LISTED! Light-filled with abounding style! This spacious home boasts 4 bedrooms, 2 bathrooms, hardwood floors, a fully updated kitchen and bathroom, a hidden loft and an amazing family room! Outside find stunning landscaping complete with mature trees, raised beds for gardening, and an extensive deck for entertaining. Walk to Moonshadow Woods Nature Trails and enjoy great area amenities.
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
There’s no denying that the face of Portland has undergone drastic change over the past decade. A recent report analyzed 50 of the country’s largest metro areas to reveal Portland as the fourth-most changed city in the past ten years. With new housing complexes and local empires dominating development city-wide, the charm of Old Portland can be a refreshing change of pace. Fortunately, steeping in nostalgic comfort of the city’s blue-collar past is exactly what Portland’s Kenton neighborhood provides.
Tucked away in the city’s northern peninsula, Kenton was once an independently-owned company town serving the meat packing and manufacturing industries. Despite its distinct and historic nature, the neighborhood eventually fell into disrepair and struggled to attract stable businesses. This prompted the Portland Development Commission to initiate a years-long revitalization effort to improve community and economic well-being in Kenton’s Business district. Today, Kenton is an evolving area attractive to newcomers and creatives for its affordable real estate and marriage of old-century charm and modern amenities.
MORNING
Portland’s Kenton neighborhood is a dream for early risers, who can choose from a wide selection of delicious breakfast and coffee options. Both results of the revitalization efforts, coffeehouses Presso and Prince each offer a distinct ambiance and an elevated menu of beverages and snacks. There’s no wrong choice here, but Presso’s slightly larger menu and decadent coffee creations (hello, charcoal lavender latte!) are the perfect way to treat yourself. For a quick bite, choose from their selection of specialty toasts or pastry items. More substantial brunch and breakfast options can be found just next door at the brand new establishment, Derby’s.
Vietnamese Iced Coffee from Presso
AFTERNOON
Walking around Kenton can transport you to another place and time entirely, as the collection of businesses along historic Denver Avenue creates a feeling of small-town living. We encourage you to embrace this narrative and explore the main strip as a tourist. Like many small towns, there are plenty of gems to be found. Among them are the iconic Paul Bunyan Statue, homewares store Mantel, the fashionable Give & Take Resale consignment shop, Speck’s Records & Tapes, Salvage Works reclaimed wood shop, and the curated Kenton Antiques & Collectibles. You can even stop by the Kenton Library to enjoy one of their community-minded events or peruse their inclusive book selection.
Paul Bunyan Statue in Kenton
Speck’s Records & Tapes
Kenton Antiques & Collectibles
Included in Kenton’s main stretch is local staple, Posies Bakery. This coffee and lunch spot is great representation of the neighborhood and its deeply engrained sense of community. Stop in for a snack and join a community of freelancers and local families in enjoying the brightly-lit space.
EVENING
After you’ve combed through the local businesses scene, it’s time to explore the natural elements that make Kenton’s location so appealing. If travelling by foot, you can enjoy a leisurely stroll through the neighborhood’s pride, Kenton Park. Spanning 11.91 acres, Kenton Park is lush with old growth greenery and family-based activities. You can even enjoy the scenery over a cold beverage, as nearby Parkside offers up snacks and drinks with an obstructed view of the park.
View of Kenton Park from Parkside
For those who prefer their nature wild and untamed, the 10-minute drive to Smith & Bybee Wetlands Natural Area will uncover an oasis. With over 2,000 acres of wilderness, you can explore these wetlands by foot, bike, or kayak. As one of the largest urban freshwater wetlands in nation, Smith & Bybee serves as a habitat for beaver, bald eagles and western painted turtles.
After an evening of exploration, allow yourself to wind down in the modern industrial atmosphere of Swift & Union, owned by Tabor Tavern proprietor Ken “Zig” Naffziger. Swift & Union’s menu executes a range of dishes equally exciting to both meat eaters and their vegetarian counterparts.
LATE NIGHT
In the style of a small town, many of central Kenton’s establishment close around 10. However, Kenton still has a lot to offer night owls. In addition to a selection of dive bars that include the allegedly haunted Kenton Station, Kenton Club and Tavern on Denver, you can also find a robust bill of events at the Portland International Raceway.
Unlike many other neighborhoods in Portland, Kenton seems slower transition to demands of the growing city and it remains, at heart, an intimate community. What’s your favorite part of Portland’s Kenton neighborhood?
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals
Gravelly Hill Road was established by the Bowering Family in 1859. On land claimed by the family, a small community of individuals began to develop on top the large gravel bar formation which spans six miles to Rocky Butte. Fifty years after the Bowering family’s occupation of the area, the Alameda Land Company would develop the exclusionary Alameda Park subdivision, which would later become incorporated into the City of Portland. Today, Portland’s Alameda neighborhood spans NE Prescott Street to Knott Street, positioned between the Sabin and Beaumont-Wilshire neighborhoods.
THE MARKET:
The real estate market in Portland’s Alameda neighborhood has been experiencing consistent growth for half a decade, with the median price increasing by 39.8% over during that period. According to a comprehensive market study by Portland Monthly, Alameda is Portland’s sixth-most expensive neighborhood, with homes averaging $726,243. Featuring bungalow, Tudor and Queen Anne-style architecture, Alameda offers a diverse selection of premiere homes, and values are anticipated to increase by an additional 34% over the next five years.
WHAT WE LOVE ABOUT ALAMEDA:
Take a stroll through Portland’s Alameda neighborhood and you’ll quickly understand what makes this housing market so competitive. Aptly earning its name from the Spanish word alameda, meaning a promenade shaded with trees or public walkway, this neighborhood is home to one of Portland’s premiere urban walks. Perched high above the city, a walk through Portland’s Alameda neighborhood reveals Northeast Portland’s best views. With a bike score of 92 over 47 restaurants, bars and coffee shops, the neighborhood has plenty to offer its more than 5,000 residents.
Residents: 5,214
Median Age: 42.5
Under 18 years: 25%
18 to 64 years: 64.3%
65 years and over: 10.6%
COMPARABLE NEIGHBORHOODS:
Forest Park Average Home: $$787,807
Laurelhurst Average Home: $654,275
Sabin Average Home: $601,490
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals
Our client was in a full life transformation…and when we met her, we saw that her house needed a transformation as well. This was going to be a big undertaking, but with the right team of landscapers, cleaners, stagers, painters, and our amazing photographer, we transformed this house into one that was full of love and light….and not surprising to us–it was snatched up right away!
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals
When you buy a home, it’s best not to turn around and sell it right away because often you end up losing money. Homes only appreciate so fast, and when your property has only appreciated a few thousand dollars, and you need to pay your agent to sell your home, that can be a recipe for money loss. That is…unless you’re a savvy buyer. Buying in a part of town where home prices are rising quickly can help. These two bought a house in Lents thinking they would be there for at least 5-10 years. But you know life…it deals surprises and these two needed to relocate to Texas. So with a great initial purchase, they were able to come out over $25,000 ahead after agent fees. And now they are off for their next chapter!
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals
Portland’s recent heatwave has residents withering, but summer isn’t completely brutal. In fact, the season is particularly beneficial for home owners, who can use the long days and dry conditions to complete their to-do list of summer home maintenance projects.
Paint the Exterior of Your Home
Summer is the ideal time of year to finally get around to painting the exterior of your home. Warm days and limited temperature fluctuation ensure the paint dries consistently, helping to avoid frustrating issues such as peeling and cracking. Painting your homes exterior will help to improve resistance to tumultuous winter weather. Additionally, a fresh coat of paint will increase the curb appeal and market value of your home!
Top Off Your Mulch
A simple task with a big payoff, mulching is another project sure to boost your home’s curb appeal and value. Adding a new layer of mulch helps to prevent growth of invasive plants while retaining moisture in the soil. These conditions are great for your plants and will allow them to flourish all summer long!
Clean Off Your Screens
Seasons of heavy rain and pollen can take a toll on your windows and screens. Be sure to prioritize their cleanup during the summer months, as clean screens help to promote the quality of your home’s air. To rejuvenate your screens, remove them from the window pane and scrub them using soapy water and a sponge. While your screens airdry, take a fresh bucket of soapy water or a bottle of glass cleaner to your window exteriors.
Reverse the Direction of Your Fan
Your ceiling fans should change direction in accordance with the season. In warm months, be sure your fan is set to a counter-clockwise rotation. This creates a cooling sensation as air gets pushed in a downward motion. In winter months, a clockwise rotation will help to redistribute warm air around the room.
Replace Your Air Filter
If you’re relying on an air conditioning system to beat the heat, be sure to change your air filter throughout the summer. Some HVAC experts from phs Warner Howard even recommend changing the filter once a month during peak seasons. Ensuring a clear air filter will reduce buildup and decrease the likelihood of debris causing damage to your system.
These summer home maintenance projects will work to keep your home in tip-top shape throughout the seasons to come. For projects that require some external help, let Aryne + Dulcinea connect you with one of their local home repair experts!
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals
We’ve improved the price of this masterful Dolph Park home! Light-filled formal living and dining rooms with classic features – French doors, natural wood trim, fireplace. Tastefully updated kitchen, and hardwood floors throughout. A grand family room with floor to ceiling windows and doors take you out to a lush and tranquil Rose Keane designed garden space. Upstairs you’ll find the newly remodeled master suite, 3 additional bedrooms, and a second bath. Seismically retrofitted with radon mitigation system and solar panels. Stroll to nearby parks and shops from this dreamy location.
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals
It’s hard to believe that 2008 was 10 years ago. Portland home values have risen dramatically since then and our real estate market is robust. In the mortgage industry, we are still dealing with the fallout from the bubble of the early 2000s, but the recent wave of new financial technology is showcasing the impact of automation and big data on mortgage underwriting
When default rates rose, investors (and Fannie Mae) rightly reexamined loans in their portfolios for fraud and errors. If they could document fraud or underwriting mistakes, they could force the lender to buy the mortgage loan back and avoid taking a loss themselves. Fraud, such as falsified income or asset documentation, was rare, but underwriting errors were more common. The error could be inaccurately calculated qualifying income, or something as simple as a mistyped street address on the appraisal. In difficult times, investors were looking for any reason to avoid a potential loss. This led to significant losses for lenders and structural changes in how loans were underwritten.
Changes in underwriting
If you took out a mortgage in 2010, you know the result – incredible scrutiny and conservatism. As lenders sought to eliminate errors and outright fraud, multiple levels of re-checking were introduced. Underwriters were verifying the source of $100 deposits, asking for multiple explanation letters – this often led to long loan processing times and missed closing dates. For the lenders, it led to dramatically higher costs. The extra people required to meet new regulatory requirements and avoid buybacks increased costs of production by up to 50%.
Income, assets and credit are relatively easy to quantify, and fewer of the buybacks were related to problems in that area. Appraisals involve more judgment on the part of the appraiser and are more of a gray area. Lenders have less control over the appraisal process and were naturally concerned about exposure in another downturn. Fannie Mae and other investors fear overvaluations and errors that could lead to more losses in another downturn.
Big data to the rescue
Beginning in 2010, FNMA introduced a uniform data set for appraisals, allowing them to build a super database of property sales. From here, we began to see the the impact of automation and big data on mortgage underwriting processes. Every Fannie Mae loan’s appraisal becomes a part of this data set. Their automated system, Collateral Underwriter, is an audit checker that reconciles individual appraisals to the data set and checks it for validity and potential errors. Once the appraisal has been through this filter successfully, the lender is no longer responsible for the appraisal’s accuracy. In essence, FNMA is validating the appraisal to reduce their own risk, and the lender gets relief from future liability.
Beginning in 2016, Fannie Mae introduced a system for direct verification of income and assets. Rather than getting the income and asset information from the borrower and then validating it, FNMA now offers a system of automated income and asset validation. The borrowers’ employment and asset information are input and through Fannie’s automated underwriting process, employment and assets are verified directly with the employer and bank. This is the basis of Rocket MortgageTMand other automated systems. Currently, the system will only work on a small percentage of mortgage applications. Not all employers subscribe to the employment database FNMA uses and not all banks offer direct verification. There’s also some consumer resistance (due to privacy issues) to allowing lenders to gather information from buyers’ employers and banks directly.
For now, most mortgages are closed with direct, personal involvement of underwriters, document drawers and quality control personnel. While limited data access has prevented a sea change in the mortgage process, most lenders utilize automated validation systems to reduce fraud, errors, cost and expense. These processes are mostly invisible to borrowers, but do contribute to a smoother, quicker loan process. Will we see a time when all data is aggregated electronically and mortgages close in two weeks? Probably not – the history of the mortgage business is one of pendular changes between efficiency and losses. We’re currently swinging from triple checking everything to making the process easier and cheaper. We won’t know if this is the right path until the next crash – but the impact of automation and big data on mortgage underwriting underscore the importance of transparency. For now, look forward to a smoother, quicker, more reliable process, but keep your paystubs handy, just in case.
Aaron Nawrocki has over 20 years of direct experience overseeing mortgage and loan processes, working to provide clients the market insight and lending expertise required to make informed decisions.
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
Since the 1880s, the area now recognized as Portland’s Sabin neighborhood has undergone several socio-economical shifts. Beginning in the late 19th century, workers immigrating from Europe and Russia settled the area in pursuit of farming and factory work. This created tight-knit communities of immigrant populations near present-day Martin Luther King Boulevard, formerly Union Avenue. Following the devastating Vanport flood, many of the 17,500 individuals left without homes sought refuge in Portland’s northeast quadrant. As one of few areas unimpacted by exclusionary redlining practices, Sabin became a haven for black families and displaced individuals. Another demographic shift occurred in the 1990s, when a new wave of homeowners began moving to the area. Today, Sabin is notable for being one of Portland’s most culturally and economically diverse areas, maintaining its heart as an inclusive and community-focused district.
MORNING
One of the major perks of Portland’s Sabin neighborhood is its many outdoor attractions, so plan your adventure for a day that’s neither too wet or too hot. In starting your tour of Sabin, you have a couple of options. To enjoy a more traditional sit-down breakfast, head over NE 14th & NE Fremont, where you’ll find neighborhood staple, Caffe Destino. For something lighter, park near NE 15th& NE Prescott and head to VilleVelo Bake Shop for their exceptional selection of baked goods, which pair perfectly with the artisan beverages and pour overs from Extracto Coffeehouse.
After you have effectively fueled up, it’s time to partake in one of Sabin’s famous pastimes – a self-guided walking tour of the area’s bee-friendly gardens. Participating residential gardens are scattered throughout the neighborhood, so visitors are welcome to begin their tour at any point. These gardens can be identified on the map, and a comprehensive list can be viewed on the neighborhood association’s website. Get more insight into the nearly 30 gardens by following along with the audio track, which can be streamed by calling (503) 205-0326. Enter the garden “stop number,” which can be found at the garden location or on the list, and enjoy learning more about the gardens from the owner’s perspective.
AFTERNOON
Along your self-guided tour, you’ll happen across some hidden gems that illustrate the tight-knit aspet of the Sabin area, such as the Sabin Community Orchard and Sabin’s charming HydroPark. If you’re the type to plan ahead, aim to reach Sabin’s HydroPark around midday. This iconic park features two prominent water towers. Operated by the Water Bureau, Portland’s HydroPark program utilized the area surrounding the infrastructure to create a community greenspace. Here, you can soak in combination of industrial and natural beauty beneath the shade of old growth trees. Additionally, the facility is home to water-based activities and the local community garden.
Near the park is Pok Pok Noi, an offshoot of national acclaimed thai restaurant, Pok Pok, the Noi location offers up delicious cuisine in an intimate environment. The selection of small plates and refreshing cocktails make the perfect midday meal. For a hands-on activity, head a few blocks south from Pok Pok Noi to reach Bird’s Eye View, a local gallery and art school, where you can partake in a wide range of creative endeavors.
EVENING
Primarily a residential area, Sabin quiets during the later hours of day. Its low-key vibe is meant to throw you off, as the neighborhood is actually home to a selection of Portland’s best-kept culinary secrets. Among these gems are established creole-inspired bistro, Acadia; contemporary, French-inspired Verdigris Restaurant; and the popular local hub, Mojos Sushi. Along this stretch of Fremont, you can also find some Old Portland dive bars. We suggest rounding out the evening at one the remaining Old Portland-style bars located along NE Fremont, which include Daddy Mojo’s Cafe and County Cork Public House.
What does your perfect day in Portland’s Sabin neighborhood entail?
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
NEW PRICE!!! Remodel this charming cosmetic fixer and make it shine! This light filled bungalow has been home to the sellers for over 4 decades. The living & dining rooms are bright and open and the large kitchen has French doors that lead to the back deck and private yard. Four bedrooms and 1.1 baths, an expansive basement with a separate entrance, storage galore and a hidden bonus space! Excellent city wide access. Walk, bike or ride to Hollywood Theatre, Whole Foods, Fred Meyer, Grant Park, Multnomah County Library, Hollywood Farmer’s Market, cafes, & more. EASY TO SHOW!
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
Portland’s real estate market has been known to escalate into red-hot periods of competition for buyers. With homes earning upwards of 15 offers during peak times, many prospective homeowners have been eager for a market slowdown. With fewer homes on the market, can we expect another sizzling stretch, or will Portland finally experience a cooling period?
UNDERSTANDING A SELLER’S MARKET
In a market where demand is larger than supply, sellers ultimately yield more power in real estate transactions. In these markets, buyers end up spending more for the homes they want, and multiple offers can drive home prices on a regional scale.
UNDERSTANDING A BUYER’S MARKET
When the coin is flipped, an over-supply of listed homes reduces the scope of competing offers, granting more control to the buyer-side of the real estate market. Sellers may have to take on restorative or staging measures to entice buyers, and buyers have the power to underbid on properties.
IS PORTLAND A BUYER’S OR SELLER’S MARKET?
In May 2018, Portland homes sold in an average of 37 days from listing to close, indicating a high degree of demand for properties in Portland. Average home prices also reflect this level of demand, as median home prices have increased 5.4% over the previous year. These metrics would suggest that the scales favor sellers; however, price growth has also slowed city-wide.
Rising mortgage rates may also be a contributing factor to a cooling market, but buyer’s don’t have the upper hand just yet. First-time home buyers are particularly sensitive to current marketplace trends, considering homes priced under $400,000 are significantly more competitive than more expensive properties.
PRO TIP: HOW TO NAVIGATE THESE MARKETS
More than any other factor, a lack of inventory seems to be the biggest influencer in determining a buyer’s or seller’s market. Oregon Live defines a balanced market as one where home inventory turnover spans approximately six-months. With only enough real estate supply to span two-months, Portland falls far below that benchmark – a dynamic that will continue to drive home prices upward in Portland.
Given the drop in the market, both sellers and prospective buyers will need to be intentional in their realty strategy. Sellers should be aware of being aggressive in marketing their homes, as pricing their homes too high many backfire in a slowed market. Buyers should monitor inventory, starting their search during periods of higher home supply to reduce the likelihood of bidding wars. This is especially prevalent in fast-growing cities such as Portland. A buyer’s or seller’s market can have major ramifications on housing transactions, so it’s important to have a thorough understanding of market trends. For more insight into the Portland realty market, contact your local real estate mavens, Aryne + Dulcinea!
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
Beautiful Alberta Arts full of exquisite architectural elements! This grand home boasts formal living and dining rooms, a large updated kitchen, full bathroom, and family room on the main. Three large bedrooms, full bathroom, breezeway and laundry upstairs. This home is flooded with light and gleaming hardwood floors throughout. Basement is partially finished with one bedroom plus a bonus room and is spacious with high ceilings and wonderful ADU potential. Large and newly landscaped backyard complete with deck and patio. A walker’s paradise with a score of 91 and a bike score of 81— get to everything with ease. Move in and enjoy!
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
The concept of curb appeal has exploded over the last decade, with hit renovation and real estate shows drawing more attention to a home’s exterior charm. But is ponying up the cash for professional landscaping services really worth the cost?
An investigation by The Washington Post revealed the complexities of pinpointing a specific percentage or dollar amount sellers can expect to yield from their investment. Some sources cited a minimum return on investment beginning at 150%, while others declare an approximate increase in home value ranging from 5% – 20%. Though the figures may be up for debate, the consensus is clear: landscaping is worth the investment, as it is likely to increase perceived home value. To ensure the greatest return on your landscaping efforts, be sure to take these factors into consideration:
Define your budget
Setting your budget will help establish the scope of your project. One of the great benefits of landscaping projects is that they can be effective with limited cost, especially if you’re willing to put in hard labor. Individuals on a limited budget should focus on the front of the house and designated yard areas, clearing unkempt areas and bringing in aspects of color by way of flowering annuals and striking perennials. More extensive project budgets can be used to hire professional landscaping services to create your ideal yard space.
Keep it tasteful
While investing in the exterior of your home will enhance marketability, strategy is key if you want to yield impressive returns. Sellers should be sure that their landscaping blueprints are in line with current trends. Similarly, owners should be aware that less is not always more in the case of landscape design. Landscaping that is viewed as too high-maintenance may actually be a turn-off to many potential buyers. Ask Aryne + Dulcinea for their assistance in selecting a landscaping professional, so you can ensure your future yard is in alignment with your home’s architectural style and modern design practices.
Think long-term
When it comes to landscaping, sustainability is ahuge selling point. In addition to reducing your carbon footprint, creating an outdoor space that is self-maintained reduces the extent of labor and cost for your home’s future owners.
Investing in your home’s exterior space can be a huge draw for potential buyers, and a well-tended yard can increase the likelihood of buyers setting up a home tour. In making improvements to your outdoor space, seek to create a space that works well in your climate and adheres to current trends. To get a better sense of what buyers in the market are looking for, speak with Aryne + Dulcinea, who can provide you with the professional landscaping services to elevate your outdoor space and maximize your investment!
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
Your slice of Portland awaits! New lot to front NE 62nd and measure 50′ south from northern edge of current property and 116′ east from NE 62nd. Buyer to do due diligence on remaining items, including extension of water main, and finish PLA/Lot Con prior to close. Bring your vision to this large, level NE PDX lot. 60 walk score and 83 Bike score, walk or bike to Beeswing, Pizza Jerk, and Kʰunamokwst Park.
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
Portland’s King Neighborhood serves as a prime example of the complicated social history that permeates Oregon. Once a designated district for redlining, professional organizations would penalize REALTORS® for selling homes to African-Americans outside of the district. Consequently, King has served as a cultural hub for Portland’s black community for many decades and still maintains a distinct population of socially-minded and multi-cultural residents.
THE MARKET:
Portland’s King Neighborhood has demonstrated steady growth in the real estate market for nearly a decade. The area features an eclectic collections of home styles, ranging from craftsman to modern varieties. The diverse home composition adds to King’s charm, which serves as a major drawer for home buyers. This area projected to experience rapid market growth in the coming years, and Portland Monthly anticipates a 5-year median price change of 51.1%. Home to over 6,500 people, 50% of King residents own their homes.
WHAT WE LOVE ABOUT KING:
This is our stopping ground! We love living and working in this neighborhood. Located along a prominent throughway, King provides direct access to several of Portland’s prominent eateries and neighboring districts. Its centrally-located nature makes it one of the best neighborhoods to commute from, earning a Walk Score of 90 and a bike score of 98. Of course, residents don’t need to commute far to have most of their needs met. Portland’s King Neighborhood has over 125 restaurants, and individuals can walk to an average of 7 restaurants, bars and coffee shops within 5 minutes.
For more insight into neighborhood trends within Northeast Portland, view our comprehensive real estate data set below.
ABOUT US
Portland, Oregon is a quirky, intelligent, and a design oriented city with a love of all things local. And for Aryne + Dulcinea, Portland is home! In 2012, Aryne and Dulcinea saw an opportunity to turn their passion for Portland and living well into an optimal client experience. By joining both their creative and technical talents, they have developed a unique and holistic experience that is rooted in their commitment to service. Aryne + Dulcinea are Earth Advantage Brokers and ADU Certified Specialists and with over 15 years combined experience, take pride in their knowledge of versatile work/live spaces, green building, and high performing homes. Whether you are outgrowing your home, needing to pare down, ready to own more than one property, or just wanting another view out your window — they get it!
Portland home prices have been climbing consistently this decade, and there’s a lot of “bubble” talk these days. If you had to name the two defining changes in the Portland mortgage market over the last eight years, they would be higher sales prices and smaller down payments. Portland has traditionally had a strong real estate market, even in downturns, but Portland down payment amounts are decreasing. Historically, sales prices and loan amounts rose in lockstep. As Portlanders moved up, they took the equity from their sale and put it down on the new purchase. Portland incomes have traditionally been lower than other places on the west coast and Portlanders needed lower monthly payments. Larger down payments kept the monthly payment affordable and limited the growth in prices.
Now that Portland is the it city on the west coast, the connection between down payment and sales price has changed. More buyers are moving here from other locations, bringing their well-paying jobs with them. They’re younger, make more money, can afford higher monthly mortgage payments, and are putting less down. Accelerating the shifting dynamic is the increasing availability of small down payments paired with large loan amount mortgage. This trend has pundits worried we may be headed for trouble. Small down payments mean banks have a smaller cushion in case of default, and a moderate price decrease would leave more homeowners under water. That makes defaults more likely, as homeowners are less likely to continue making mortgage payments when they owe more than their home is worth. In the last recession, many at-risk homeowners elected to stop making payments, and the flood of foreclosures created a downward market spiral. It’s understandable that analysts would make the connection between 2006’s peak and the recent price runup.
The rate of price increase is similar – the early 2000s and recent years have seen strong price growth, which raises concerns of a correction. However, while the price increase is similar, there are two factors which make a bubble less likely.
Rents have risen along with sales prices. That makes elective defaults less attractive. In 2009, a homeowner might abandon their home and its $2,000 per month payment and rent a similar home for $1,500. Today’s housing market is different – rents and monthly mortgage payments are similar. Therefore, homeowners typically can’t reduce their housing expense by opting to rent.
Mortgage qualification is dramatically different. The biggest change is the absolute requirement to verify the buyer has the means to repay the mortgage note. In 2006, buyers could easily get a mortgage to buy a new home without having to document they could afford the payment. There was no validation by the bank, allowing many buyers to make speculative purchases. As soon as the market turned even slightly, many of these buyers could not make their monthly payments and allowed their homes to go into foreclosure. While a price decline will increase defaults in today’s housing market, ensuring the monthly payment is truly affordable will mitigate this effect.
There’s an old saying that whatever goes up, must come down. That’s as true today as ever. The rapid rise in Portland home prices definitely feels evocative of the early 2000s and brings up the specter of a bubble. Prices will eventually decrease, of course, but unfortunately no one knows when. The good news is that the structural and mortgage changes in the real estate market will likely dampen the severity of the market’s ebbs and flows. With the strong inflow of well-qualified buyers in the Portland market, it appears that Portland home prices are set for a period of stable growth.
Aaron Nawrocki has over 20 years of direct experience overseeing mortgage and loan processes, working to provide clients the market insight and lending expertise required to make informed decisions.
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
Portland’s Historic Woodlawn District long served as one of northeast’s best kept secrets. Its tucked away nature left it overlooked by newcomers and tourists for decades, but the area is finally gaining prominence. Established in the 1860s, the Woodlawn neighborhood is the oldest to be settled in the former city of Albina, which later consolidated into Portland. In 1888, the addition of a railroad stimulated the district’s economy, transforming the rural farm community into a commercial destination. Its historic charm prevails today, with several noteworthy institutions every Portlander should explore. For a perfect day in Portland’s Historic Woodlawn District, check out these attractions.
MORNING
Your first stop of the day will be at the central Woodlawn Coffee & Pastry. A community staple since 2010, this establishment serves up mouthwatering pastries. In addition, they have a heartier selection of breakfast and lunch items, which include traditional breakfast foods, sandwiches, and cocktails. You’ll enjoy your preferred fuel in a beautifully lit space, surrounded by locals.
From here, you’ll want to head east on Dekum to reach Woodlawn Park. In line with the laidback pacing of Woodlawn, don’t hurry to get there. Instead, take some time to examine the local street art and appreciate the impressive greenery. Depending on time of year, the park can take on many forms. Warm summer months bring an onslaught of activity, with people enjoying the parks’ sport fields, amphitheater, and water play area. During the fall, Woodlawn Park embodies a different of magic, as fog from the Columbia weaves through old growth trees.
AFTERNOON
When was the last time you felt truly luxurious? The team of The Portland Girl are pros at accomplishing exactly that. After a relaxing stroll through Woodlawn Park, stop in for a facial, sugaring session, or light treatment. Utilizing all eco-friendly materials, this top-rated skin care establishment will leave you glowing.
Leaving The Portland Girl, head southwest on Oneonta Street to get back to the Dekum triangle, which provides an ample selection of lunch options. If you’re feeling up to a brew, stop in at The Oregon Public House. Operating as a Public Benefit Nonprofit, this pub donates its proceeds to Portland-area non-profits. For an alternative option to pub fare, head east half of a mile to reach Tamale Boy where the ambiance is always warm and the Mexican street food is legendary. On your way back to the Dekum Triangle, stop off at Celandine Vintage to scan through a curated selection of vintage clothing and homewares.
EVENING
Woodlawn is coming into its own, but remains a quieter neighborhood in terms late-night activities. Local haunts include Breakside Brewing and Good Neighbor Pizzeria, which both hit the spot in terms of late-night dining. Directly across the street, Firehouse offers a different ambiance, serving wood-fired European cuisine in the historic former firehouse. However, if you’re still full from Tamale Boy, Green Army Tavern is your best move. Craft cocktails and a menu that features ample small plate options make this neighborhood newcomer a great place to wind down.
Before you call it a day, be sure to check the event pages for the charity-focused Village Ballroom as well as Woodlawn Park, which hosts popular events such as Trek in the Parkand outdoor movies.
Where are your favorite places in Portland’s Historic Woodlawn District?
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
The world of real estate can be highly nuanced. For example, we frequently field questions from sellers regarding the distinction between a decorated home and a staged home. Your home may be immaculate, but even if your home décor is worthy of a spread in Dwell magazine, it might not be optimal for the real estate market. Homes take on the personality of their owners, who adapt their properties to fit their lifestyle. While personal touches can create a feeling of warmth, research shows that these factors can make it more challenging for potential buyers to visualize their lives in the space, which ultimately decreases the property’s market value. Home staging specialists work to optimize the property for resale, allowing sellers a faster and more profitable transaction.
More Effective Showings: 77% of buyers reported it was easier to visualize a property as a future home after it was staged. Time on Market: 62% of respondents claimed home staging reduced time on market. Perceived Valued of Home: 47% respondent reported an increase of 1-10% in the dollar value of the home. None of the respondents noted any decrease in value following home staging.
WHAT HOME STAGING ENTAILS
In order to achieve an aesthetic that is enticing to buyers, Aryne + Dulcinea will give you the tools you need to prepare for home staging specialists. They will walk you through how to declutter and clean the home, perform minor repairs and touch ups, freshen up with paint so home staging specialists can come in with on-trend décor and ensure optimal furniture placement. Staging has been found to be most effective when performed in living room, kitchen, master bedroom, and the dining room. Your home staging specialists will develop an impactful staging strategy based on the size and layout of your home.
WHAT HOME STAGING COSTS
The cost of home staging services varies significantly based on the scope of the project and whether you live in your home or if it is vacant. Ask Aryne + Dulcinea to coordinate a staging consultation before you list your home for an optimal listing experience.
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
Portland’s Laurelhurst neighborhood was founded in 1909, but its legacy began in 1850, with Congress’ passage of the Donation Land Claim. This statute provided powerful incentive to migrate to the region, entitling eligible parties to up 640 acres of land. The legislation was one of the most substantial public land sale policies in American history, with over 7,400 patents issued. Modern day Laurelhurst was comprised of two of these plots, which were later purchased by politician and businessman, William S. Ladd. Following his death, the Laurelhurst Company bought the property, with the exception of the 31 acres which would become Laurelhurst Park.
THE MARKET:
Today, Laurelhurst retains its historic charm, serving as a staple in Portland’s residential composition. The area features an eclectic collection of architectural styles and meticulous gardens reminiscent of its namesake, Seattle’s Laurelhurst neighborhood. Over 4,600 Portlanders reside in the area. With 82% of these residents owning their homes, Laurelhurst maintains one the highest percentages of home ownership city-wide. Portland Monthly projects homes in this area will average $654,275 and last only 26 days on the market.
WHAT WE LOVE ABOUT LAURELHURST:
Its central location, expansive properties and deep-rooted sense of community make the Laurelhurst neighborhood one of Portland’s most desirable markets. Each home boasts its own sense of style, featuring vintage Tudors, stately mansions, and historic bungalows. The undulating streets are lined with heritage trees, creating a residential space as an intimate as it is impressive. Earning a Walk Score of 79, Laurelhurst provides easy access to 134 restaurants, bars and cafes.
Residents: 4,633
Median Age: 43
Under 18 years: 24%
18 to 64 years: 64.4%
65 years and over: 11.6%
COMPARABLE NEIGHBORHOODS:
Irvington, Average Home: $$632,224 Roseway, Average Home: $435,826 North Tabor, Average Home: $489,450 Sabin, Average Home: $601,490
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
Just listed! 4903 NE 32nd Place, Portland, OR 97211
This classic, light-filled 4-bed, 1-bath home is complete with traditional wood built-ins and trim, hard wood floors, butler’s pantry, and formal living and dining rooms. Basement has great ADU potential with lots of space and high ceilings. Step out into a lush backyard and garden with alley access. Walk to cafes, yoga, music venues, Wilshire Park, New Seasons, or soak at McMenamins Kennedy School. With a walk score of 83 and a bike score of 89, the city is all yours!
4 bed | 1 bath | 3052 sq. ft. | $539,000 MLS# 18548299| Taxes: $3210 Lot Size: .09 Acres
For many years, all eligible borrowers received the same interest rate. In essence, there was one base interest rate, and if your mortgage was approved, that’s the rate you got. While it may not have been perfectly equitable, it certainly made it easy for lenders to quote interest rates and for buyers to understand. However, the development of big-data and risk assessment platforms, lower interest rates may be attainable for low-risk borrowers.
In 2008, Fannie Mae (FNMA) and Freddie Mac (FHLMC) added interest rate adjustments for different loan characteristics. After the government-sponsored enterprises (GSE) went into receivership, they examined their portfolio and its performance, adding extra charges to their base rate for factors such as:
– Lower credit scores
– Using a concurrent second mortgage (combo loans)
– Type of refinance transaction (cash out refinances)
– Down payment percentages
The idea was that the above factors affected risk – e.g. lower credit score loans would default more frequently. Consequently, borrowers with fewer risk factors are more likely to get lower interest rates than their counterparts. Raising the cost for higher risk loans would better connect a mortgage’s risk to its cost. It’s analogous to car insurance – if a driver has a few tickets, the cost of insurance is naturally higher as the insurance company is more likely to suffer a loss.
The adjustments to rate put in place in 2008 (and adjusted thereafter) are constant across all lenders for conforming loans, as they’re established by FNMA/FHLMC. Here’s where it gets interesting. Fannie and Freddie back tested their tweaks in 2014 to see if the interest rate adjustments accurately reflected the loss ratios based on loan characteristics. What they found is that they overestimated the loss ratio for high credit score borrowers and underestimated the loss ratio for low credit score borrowers. In other words, “risky” borrowers were getting a better deal than “premium” borrowers. To think of it in health insurance terms, the healthy were paying for the sick.
Markets have a way of evolving in response to information and big data is a buzzword we see all over these days. As mortgage banks (and FNMA/FHLMC) build deeper databases and connect loan characteristics to loss rates, expect to see more complex pricing. There will likely be a greater range of interest rates offered, with larger discounts for higher credit scores and larger down payments. Banks and buyers will adapt to these changes and they’ll become part of the marketplace. For buyers, it means that keeping credit scores as high as possible will be more important in securing lower interest rates. Credit scores will be examined in an upcoming column and I’m always available to answer and financing questions you may have. To learn more about current real estate trends, or to speak with a real estate specialist about buying or selling a property, contact Aryne + Dulcinea. Their expertise in today’s market will ensure you have an optimal experience during your next real estate venture.
Aaron Nawrocki has over 20 years of direct experience overseeing mortgage and loan processes, working to provide clients the market insight and lending expertise required to make informed decisions.
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
JUST LISTED! Step inside this light-filled 3 bed, 2 bath home complete with hardwood floors, an eat-in nook in kitchen, full finished basement with bed and bath, 2-car detached garage with alley access, and private covered patio for entertaining. Just steps from cafes, parks, Concordia University and more! With a 77 walk score and 85 bike score, enjoy neighborhood and city wide access. Find out why we are crushing hard on this Concordia bungalow!
Want to know more about this listing? See more here.
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
The Portland real estate market is kicking into full gear as hopeful buyers continue to drive demand. With the busy season continuing through the spring and summer months, there is still enough time for prospective sellers to market their homes in time for the sector’s top-performing weeks. If you’re hoping to make a move this summer, these tips will help you secure more profits from your investment.
Call in the Experts
Before diving in on repair and remodeling projects, contact Aryne + Dulcinea to guide you through the process.
– They have experience in both buying and selling.
– They are tech savvy and up-to-date on the latest MLS systems and listing websites.
– Aryne + Dulcinea have connections to trustworthy inspectors and contractors.
Aryne + Dulcinea will be your negotiators, advocates and gurus, with the experience and soft skills to best serve you.
To Remodel, or Not to Remodel?
Many sellers debate the pros and cons of remodeling prior to selling their home. While putting in elbow grease will increase the value of your property, smaller projects are generally a more secure investment, as they typically require less cash and yield higher returns. Before tearing down walls and remodeling your living spaces, take on these weekend DIY projects to increase your homes desirability.
Curb Appeal: Creating a welcoming exterior should be at the top of your to-do list. The outside of your home is prominently displayed across real estate sites and will be doing a lot of the heavy-lifting when it comes to getting buyers to view the property. First impressions are critical, so clear out your yard and add in some landscaping to warm things up. To get even more out of your home’s façade, consider modernizing your front door and any visible garage doors.
Paint & Flooring: Another key influencer in buyer perception is the appearance of your floors and walls. Keep in mind that potential buyers want to visualize their future in your space. Freshly painted walls and clean floors play a critical role in this process, as scuffs and stains distract from their internal narrative. In our 15 years of combined experience, we’ve never come across a property which couldn’t benefit from a fresh coat of paint and restored flooring!
Kitchen Updates: It’s been said that in selling your home, you’re actually selling your kitchen. Many prospective buyers prioritize a home’s kitchen in their decision to put in an offer, making it one of the most important areas of your home to focus on. Of course, no hopeful seller should go above their means to perform a large-scale remodel project in the hopes of a big payout. Instead, a few minor tweaks such as painted cabinets with modern hardware, new lighting fixtures, laminate floors, or selected appliance upgrades can create a ‘WOW’ effect without busting your budget. In fact, adding even one high-end appliance has shown to improve overall perception of the kitchen, as it also raises the perceived value of the remaining appliances.
With a few weekend DIY projects and the consultation of Aryne + Dulcinea, you can have your house on the market just in time for peak-season prices. To learn more about selling homes contact us today!
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
This charming and light-filled 2 bedroom, 1 bath home located one block from Glenwood Park boasts a fully remodeled kitchen and bathroom, refinished hardwood floors, HES of 9, a detached garage, courtyard, and extra garden space. Situated on a corner lot and zoned r2.5. Walk to the heart of Lents, or bike to Lents Park (bike score of 89!) There is nothing to do but love it!
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
This light-filled 3 bed, 1 bath home has it all! Hardwood floors, fresh paint inside and out, large kitchen with island and bonus studio space for a home gym or art space. Plenty of raised beds to grow your garden. A fenced back yard holds shed for storage or work space. Love dogs?? This street connects to Sacajawea dog park. Stroll to the deli, park and more. This is the one!
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
Close observation of the natural world is a constant source of inspiration to me. I photograph flowers that interest me and choose my favorite images to paint. Using the photos as a reference, I paint with the intent to reflect the gesture and details of the individual flowers. My utmost desire, however, is to capture the sublime beauty inherent in the flowers.
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
Portland’s Montavilla neighborhood first developed in the late 19th century, when the addition of a streetcar route established the area as a stomping ground for Portland-bound travelers. Mount Tabor Village has since been dubbed Montavilla, becoming a hot spot for residents and tourist alike. Easy walkability and old-town authenticity make the neighborhood a great destination, with renowned parks and plentiful charm-filled local establishments to while away the time. Here are our suggestions for a perfectly balanced day in Montavilla.
MORNING
Like a true Portlander, you’ll want to start this day off with coffee. If you’re in the central hub of the Montavilla neighborhood, you’ll likely be only a few minutes from Hungry Heart PDX. Here, you’ll find Stumptown coffee blends and a comprehensive selection of baked goods geared toward an adult palette. While you’re here, grab a coffee and some macrons to fuel up – there’s a busy day ahead of you.
Photo by Hungry Heart PDX
From Hungry Heart PDX, it’s a brisk 13-minute walk to nearby Mount Tabor, a big park with an even bigger reputation as one of only four, city-based volcanoes in the U.S. Its sweeping views span across the eastside to reveal Downtown Portland, providing the perfect backdrop to enjoy fresh coffee and baked goods.
AFTERNOON
Exploring Mount Tabor’s 636-feet of steep elevation is no easy feat. Fortunately, your reward is close by as Montavilla is home to some of Portland’s favorite brunch destinations. For traditional southern-inspired cuisine, The Country Cat is your go-to. Their rich menu and sizable portions are likely to hit the spot following a stroll through Tabor; however, there are equally delicious options for individuals craving lighter fare. Located only a five-minute walk from Tabor’s NE exit, Coquine serves seasonal, regionally-inspired menus in the style of New American cuisine. The location also delivers on ambiance, providing the perfect backdrop to a leisurely day on the town.
Continuing on your exploration of Portland’s Montavilla neighborhood, there are numerous activities to enjoy next. Open Sundays from 10-2, Montavilla Farmers Market is a great way to learn about the area’s agricultural offerings, sample beer and wine from local makers, and engage with neighborhood organizations. Additionally, groups may enjoy spending time at Montavilla Community Center & Pool, gaming at Creature VR or slamming baseballs at Batting A Thousand. Finally, we recommend a visit to Escapism Portland, an hour-long live action room escape game. The facility features a narrative which suits groups of up to 6, and requires participants to schedule ahead of time. Aim for an early evening slot, which will put you right near to your next destination.
EVENING
Leaving Escapsim Portland, you’ll be only a minute walk from Blank Slate. Cozy décor and a carefully curated record collection elevate this intimate space. The menu here is a practice in restraint and feels unified its focus, boasting artfully compiled cocktails and small dishes.
LATE NIGHT
You could easily spend the rest of your night enjoying cold beverages and retro tunes while sitting at the bar at Blank Slate, but there is still time to fit in one more Portland staple: a second-run movie theater. The historic Academy Theater is central to the Montavilla neighborhood both in location and spirit. Featuring $4 tickets, beer, and locally-focused food menu which includes pizza and sushi, The Academy is the perfect place to end your perfect day in Montavilla.
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
Few cities embrace spring with the eagerness that Portland does. After months of looming grey skies and damp socks, can you blame us? When dormant maple trees begin to awaken and electric pink camellias line neighborhood sidewalks, shrugging off the memory of winter rains is the natural response for many. However, Portland homeowners shouldn’t be as quick to leave the winter season behind. That is, not until they’ve properly addressed the seasonal impacts to their home and ensured proper maintenance of their gutter systems.
Dramatic winter rainstorms and rich arboreal diversity are signatures of the Pacific Northwest, but these same characteristics are a menace to gutter systems. Over the course of the fall and winter seasons, it is common for this foliage to create blockages in your gutter, impairing its ability to properly direct water away from your home. Left unaddressed, improper drainage can result in extensive water damage to your foundation and roof. Proper gutter maintenance helps prevent damage to your home’s structure and landscaping, which can result in savings exceeding $10,000. Before spring fever takes over, be sure to follow these simple steps to tend to the gutters in your home.
Survey the area. Before you begin this project, make sure to take a close look at your property for any potential hazards which may put your safety at risk. Issues such as electric lines, imposing trees, or uneven terrain could be cause for concern. In this case, consult a professional before proceeding.
Gather your materials. For this home maintenance DIY, you’ll only need the following:
Hand shovel or plastic scoop. Select a small hand tool that will help you scoop any debris out of the gutter.
Opt for rubber if you can, this might get messy.
Plastic tarp. Speaking of messy, considering throwing a plastic tarp over your yard so you can easily remove any waste afterward.
Reliable ladder. Be sure your ladder is secure, and—if possible—use one with standoff stabilizers to protect your gutters from ladder damage.
Use a garden hose to flush away any remaining debris. Additionally, your hose will help you spot any leaks or blockages.
Get started. Once you’ve collected the necessary tools, you simply need to repeat the following steps until all areas of your gutter have been examined, cleared and tested.
Using your scoop and gloved hands, remove any leaves and gunk from your gutter.
Using your hose, run water through the gutters to examine for leaks and blockages. To check drainage in your spouts, turn the water flow on your hose to high and direct it down into your spout. If the water comes through more slowly, there is a blockage. Using your hose, work it into the spout through the bottom opening, flushing the spout until all debris is removed.
Check the gutter system’s stability, ensuring it is securely attached to your house.
Responsible Portland homeowners should anticipate cleaning their gutters at least twice a year, performing consistent spot checks on their drainage system to catch blockages before they become hazardous. Gutter maintenance is one of the most impactful ways to preserve the health and value of your home, so be sure to add it to this year’s spring cleaning checklist!
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
Situated north of Alameda and Beaumont-Wilshire in the Portland’s fast-developing Northeast quadrant, the cozy Concordia neighborhood earned it’s name from nearby Concordia University. With over 100,000 residents, first-time homebuyers and established homeowners are drawn to the district for its diversity and access to local amenities. In their recent real estate issue, Portland Monthly projected homes located in the Concordia neighborhood area will average $518,304. Lasting an average of 25 days after listing, Concordia outperforms the city average of 31 days on the market.
WHAT WE LOVE ABOUT CONCORDIA:
The Concordia neighborhood grew to prominence in the 19th century, when many newcomers found refuge in the area following the 1948 Vanport flood, which displaced hordes of ship workers local to North Portland. Following the flood, Portland completed an extensive revitalizing project to improve the area’s retail and transit infrastructure, aiming to make the area more hospitable for its expanding population. Since that time, Concordia has earned recognition for being a hub for local artists. From the ashes of mid-century displacement, Concordia has blossomed into one of the liveliest districts in Northeast Portland. Earning a Walk Score of 76, residents in this area can walk to an average of seven eateries and bars within five minutes.
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
There is a beauty in arriving at your home. No matter how big, or small, or new or old…it’s home. Finding a way to create a space to revive the spirit and reconnect with yourself is crucial in our ever changing lives. Some of us live fast, some slow, but to be able to make time for contemplation can really make a difference in your day. Our new listing in West Linn has such a great sense of sanctuary. Places to tuck away, places for others to be close to you, places to breath as you look out at distant vistas, places to gather, to laugh (yes, there is a movie theatre)…and places to grow your garden. Go see 1610 Killarney Drive today.
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
Great New Price – $559,900 1610 Killarney, West Linn, OR
Remember all things you wanted in your dream house? Open floor plan, natural light, views of the mountains, a master suite, a true home office, a music room, a movie theatre? You’ll find it all here! This exquisite West Linn home has all the space, comfort, privacy and special features of your biggest dream house dreams! The 5 bedroom, 3.1 bath home boasts an in-house movie theatre, 2nd living room, bonus bedroom suite, large open concept kitchen, dining, and living room, home office with a sunny balcony, plus ample storage on every floor of the house and in the attached 2 car garage. Perched atop a quarter acre, you’ll enjoy bird’s eye views, a backyard oasis and a beautifully landscaped hillside, plus you’ll be a stone’s throw away from North Willamette Park. DREAM BIG with this unique beauty!
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
With two new listings and 24 total properties on the market, Vernon is Northeast Portland’s hottest neighborhood. This aligns with recent real estate trends, as the market continues to heat up during the transition into spring. The average prices for Vernon homes have increased over the past week, from $679,726 to $714,738.
WHAT WE LOVE ABOUT VERNON:
Incredible access to some of Portland’s best establishments makes Vernon a perfect neighborhood for the active urbanite. It’s the 13th most walkable neighborhood in Portland, and with a Walk Score of 88, the average Vernon resident can walk to 15 restaurants, bars and coffee shops within five minutes.
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
Sunnyside at it’s finest! Classic and urban, this light-filled inner SE PDX 4-square boasts open formal living and dining rooms, a spacious kitchen, a sunroom and bonus space, 3 bedrooms, 2 full bathrooms, and a large basement. Fenced and landscaped backyard with grand deck creates the perfect outdoor oasis. Walk to Laurelhurst Park, Belmont Street and more! Off-street parking a plus. Absolute biker’s paradise with a 100 bike score and 83 walk score, the best of the city is at your doorstep!
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
It’s been an exciting 2018 so far in the stock and bond markets. The broad indices are down over 10% from their peaks. Treasury Bond and mortgage rates are at a four-year high. It may be a good time not to look at your 401k statements, but what about the effect on home prices and the Portland housing market?
Higher interest rates make homes more costly, even if prices don’t rise. The higher cost of borrowing generally slows price increases. If we looked back over the last 20 years, we’d see a general correlation between rates rising and prices stalling. Mortgage interest rates are up about .5% over the last month, and for the average Portland homebuyer that means an increase in monthly payment of about $150. That’s enough to slow appreciation down somewhat and that’s exactly what the Fed hopes to accomplish with their rate increases.
Is it the second coming of 2009? Not likely. Interestingly enough, a moderate increase in borrowing cost can slow price increases, but rarely does it dramatically slow the market. Buying a home is a serious decision and typically the largest single financial transaction a family will make. Most buyers make the decision to buy a home based on their financial prospects and choose the price based on the monthly payment. So, interest rates don’t necessarily keep folks from buying, but they do affect the price they are willing to pay. We have a growing economy with a shrinking middle class (that’s a discussion for another day) and many Americans feel confident about their jobs and prospects. That confidence is what make buyers feel comfortable about buying homes (and is much more important than interest rates in the buying decision.) We learned this during the recession. Lower interest rates and lower mortgage payments don’t bring buyers in from the sidelines if they are worried about their jobs.
As the Fed works to smooth out and proactively dampen the economic cycle, watch for a brief slowdown while buyers and sellers receive and react to rates. Once the new normal for interest rates is accepted by the Portland housing market, it’s likely we’ll see buyers continue to enter the market. Portland is a desirable destination and still affordable for many potential homebuyers. We’ll see if the rate changes are a correction or a sign of things to come. For now we expect robust sales and a healthy market balanced between buyers and sellers.
Aaron Nawrocki has over 20 years of direct experience overseeing mortgage and loan processes, working to provide clients the market insight and lending expertise required to make informed decisions.
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
