Buying property without ever seeing itCurrent Portland Real Estate Market InformationMoving to PortlandPortland Oregon Real EstateSelling Your home July 22, 2014

Godzillow!

 

 

I heard an interesting story yesterday about Chinese real estate purchases in the USA.  Sure, I had talked about it recently at a friend's house over dinner with a business partner who mentioned his Chinese clients were dropping a million on a house every time they came to the US. But I hadn't really focused on the extent of this movement until I heard an article on NPR yesterday. 

The news?  Zillow has begun publishing its entire U.S. real estate property database in Mandarin on the biggest real estate Web site in China. This means Chinese buyers can use Zillow to find properties near family and friends in their price range. “The fact that Zillow is going there is huge,” says Hall Willkie, president of New York real estate firm Brown Harris Stevens Residential Sales. “The Chinese may just overwhelm the United States with purchases.”

The Chinese are on the move. In 2014, a record number of Chinese, 100 million, are expected to travel abroad, an army roughly as big as Mexico’s population. They have money in their wallets, an appetite for the good life and ants in their pants.

You can’t blame them for feeling unsettled at home. Beijing’s aggressive anti-corruption sweep has netted thousands of big fish, and more confiscations are on the way. Pollution has created an asthma epidemic, food safety scares are commonplace, and China’s economic pace ebbs. There is still no true dissent or freedom of expression allowed. So the country’s wealthiest are on the move and want a better life for themselves or their children.

Some 9.3 million Chinese have immigrated in recent years, and 64 percent of the country’s remaining rich households — a category that includes a few million people — want to leave or are in the process of doing so.

The United States is their preferred destination, and American real estate is becoming their new T-bills, a safe-haven asset. Like bullion, it’s an asset class denominated in U.S. dollars, safe from confiscation and, when necessary, bought anonymously to hide wealth from governments or creditors or ex-partners. But unlike bullion, U.S. real estate can earn income, provide a roof and help obtain a visa. 

This month, U.S. real estate Web site Zillow begins publishing its entire U.S. real estate property database in Mandarin on the biggest real estate Web site in China. This means Chinese buyers can surf the Net to find properties near family and friends in their price range. “The fact that Zillow is going there is huge,” says Hall Willkie, president of New York real estate firm Brown Harris Stevens Residential Sales. “The Chinese may just overwhelm the United States with purchases.” 

A buyout is already underway. In 2013, Chinese buyers snapped up $11 billion worth of properties in the United States, capturing second place (at 12 percent of all foreign buying) behind Canadians for the first time, according to the National Association of Realtors’ Profile of International Home Buying Activity.

Willkie notes a spike in terms of interest in the past 18 months: “In New York, we’ve noticed Chinese buying very large, very expensive apartments, homes. But there are also many buying smaller apartments, $1.5 to $3 million, for their children going to school here. The parents are buying them.”  

In 2013, for instance, a Hong Kong woman paid $6.5 million for a two-bedroom in the tallest residence in New York, One57, for her daughter so she’ll have somewhere to live when she gets into Columbia, Harvard or NYU, she told her agent. The daughter, currently, is 2 years old. Another Chinese woman bought four $20 million units there for family members.

The desire to get money out of China for whatever reason, added to Zillow’s foray into China’s living rooms, will only enhance enthusiasm. China’s biggest exports to the United States may end up being capital and people. Look out for its biggest winners in a neighborhood near you.

Of course, your property listings with me are already advertised on Zillow, so no worries about having Portland representation on China's computer screens.   When talking with a client, Brian, last night, we decided it's the new GODZILLOW!

 

Cary Perkins,
Windermere Top Producer
Fun With Real Estate
Current Portland Oregon Real Estate Information,
Highlights of Portland Oregon, House Ideas
Portland Oregon Homes

by Cary Perkins

Portland Real Estate, Portland Oregon Top Producer, Windermere Top Producer, Portland Realtor, Portland Homes for Sale

 

 

Diane Francis

, July 15, and published in the Washington Post. 

 

 

 

Diane Francis, former editor of Canada's Financial Post, is editor-at-large of the National Post and a professor at Ryerson University’s Ted Rogers School of Management.

 

Daily House Ideahouse idea of the dayHouse IdeasPortland Oregon Real Estate February 6, 2013

What to do with Fido?

 

 

Sometimes there is no perfect solution to providing access to the outdoors for your little furry friend.  Leaving them home alone all day while you're at work can lead to accidents.  Doggy day care can be expensive if you need to use it every day.  But some properties just don't have perfect access – a door that leads to a fenced yard, or a spot for a doggy door that is concealed from view in your everyday spaces.

 

 

This homeowner turned an ordinary closet into a warm spot for their dog to be indoors, while giving it access to the outside as well.    You can leave the door ajar when you're home, and close it when you're away.   I love that this closes it off from view and everybody is happy. 

 

 

photo courtesy of Houzz.  Designed and built by Aloha Home Builders.

 

Portland Oregon Real Estate Information,
House Ideas,
Portland Oregon Highlights.
Caryperkins.com
 

 

Moving to PortlandPortland OregonPortland Oregon Real Estate December 4, 2012

Portland’s Newest Fast Food. Portland Penny Dinner

 

 

 

Portland's Iron Chef, Vitaly Paley, has opened another restaurant – this one for the hip, hungry masses.  And it's right downtown at 410 SW Broadway. 

 

Want a frothy egg cream (with booze) or grape crush with pisco?  How about fresh falafel on yummy frybread?  Spicy vermicelli noodle salad, a pickle plate homemade Pop Tarts, or seriously, Reuben croissants?  Or course, my first choice would be The Stan:
Smoked Chille Chile and cheddar cheese hot dog, grilled onions, PPD pickle relish and sauerkraut on Michelle’s hot dog bun.  Whatever your choice, it's AMAZING, fast, fresh diner food with a twist by Portland's finest chef.  Breakfast, lunch or dinner, you will love them all!

I've decided that my next new client is going to be treated to lunch here with me!!  It's the perfect way to end a long afternoon of finding your new house in Portland.

 

From their website:

ABOUT PORTLAND PENNY DINER
In 1845 Frances Pettygrove and Asa Lovejoy determined the city of Portland's name with the flip of a coin. And we like to think that after the toss they walked into their favorite diner, or as they called them in that time "lunch wagons," for a celebratory bite to eat. The Portland Penny Diner embraces that spirit, brings people in from the rain and artfully combines the culinary traditions of Northwest immigrants and natives.

 503.228.7222  portlandpennydiner.com  Open Monday-Thursday 7-7, Friday & Saturday 7-1am, Closed Sunday

 

Menus:

All Day & Late Night

Breakfast, Pastries & Dessert

Drinks

 

cary perkinsPortland Oregon Realtor November 6, 2012

Giving Thanks for Love

It can sometimes be difficult helping people through the emotional decisions and proceedings as they buy and sell their houses.  Certain people rise to the occasion, and others try to drag you downwhen they get tired, grouchy or worried.  I've experienced both lately. 

 

Years ago I was told that I'd meet "givers" and "takers," and to try to stick with the "givers."  (I don't mean material gifts – I'm talking about their spirits.)  Below are little notes from two "givers" who I have had the pleasure of working with recently.  They both arrived yesterday, and they absolutely made my day, especially after wrestling with my feelings after a "taker" got super grouchy last week.  It's no surprise that these "giver" clients were referred from other clients and friends who are also "givers." 

 

"  Dear Cary,

You are amazing! I can't thank you enough for working so hard for us through this entire process. We knew from the get-go you were a stellar realtor, but honestly, you are such a good friend too. We are so blessed to be working with you! You really are our Care Bear 🙂 "

 

Nghi & Aaron

 

"THANK YOU!!!!

For everything, over and over. You are such a gem. Pure sunshine.

It was so lovely to see you today, as always.

Have a great week and weekend.

I don't have words for how much I appreciate you.

Best to you always 🙂

xx"

 

Deaunne

 

 

 

I'm giving thanks for having the opportunity to work with such lovely people!!

 

Giving Thanks for Love is the name of the Linda Cote print at the top of this post.  This beautiful print is available on greeting cards for $5 here, at Linda Cote Studio Printmaking.  I'm going to order some today!

cary perkinsCurrent Portland Real Estate Market InformationMoving to PortlandPearl DistrictPortland Oregon October 22, 2012

Portland is a Top Choice City for Retirement

According to CNN's 25 Best Places to Retire, Portland is number two!

Whether you dream of retiring to a big city, small town, resort area or college town, these 25 cities offer reasonably priced homes, low crime and tax rates, quality health care, and more.

 

#1 Albuquerque

#2 Portland

Best if you're looking for: Big city
Median home price: $272,000
Top state income tax: 9.9%; no sales tax

Famous for its food and bike cultures, Portland is a thriving but manageable city that gives retirees easy access to just about anything.

To see a revolving door of art exhibits, performing arts, and festivals, look no further than downtown and the nearby Pearl District.

No need to leave the city for outdoor adventures; Portland has one of the largest urban forests in the country (wine country and beaches are just a short drive away). It's also home to several award-winning hospitals, including the Oregon Health & Sciences University, whose research center attracts experts and patients from around the country.

See complete data for Portland

 

I have helped many retirees find their dream home in the Pearl District, Lake Oswego, suburban Portland, and outlying small towns like Canby, Sherwood and Hillsboro.  I've also helped a number of seniors sell their homes and find great accommodations in Senior Centers and Assisted Living.  Please let me know if I can help you retire in Portland!

 

 

Current Portland Real Estate Market InformationMoving to PortlandPortland OregonPortland Real Estate DataPortland Real Estate Statistics October 8, 2012

Portland Housing Prices are going up

 

Home prices, including distressed sales, rose 4.6 percent nationwide in August compared to a year earlier, the largest year-over-year increase since July 2006. The August increase marks the sixth-consecutive monthly home price increase.

In the Portland-Vancouver-Hillsboro metro area, home prices, including distressed sales, were up 4 percent in August compared to a year earlier and up 1.1 percent compared to July.  In SW Portland, the area that runs from downtown to Beaverton, and south to Tigard, prices were up over 8%

 

If you'd like to know what's happening in your neighborhood, check in at caryperkins.com.  I'll keep running statistics available so you know when it's time to go! 

 

cary perkinsCurrent Portland Real Estate Market InformationMoving to PortlandORPortland Oregon August 30, 2012

Sneak Preview of the New Eastside Streetcar

Portland’s newest streetcar line (and the first on the city’s eastside in more than 50 years) opens in less than a month on September 22, 2012. In anticipation of this substantial expansion to the existing streetcar network, Mayor Sam Adams, along with members of the Portland Streetcar board and Bureau of Transportation, rode on the first passenger-carrying train to traverse the new alignment earlier this month.

The eastside expansion will bring passengers over the Broadway Bridge from NW Lovejoy Street, connecting to the Lloyd District, the Oregon Convention Center, the Central Eastside’s Produce Row, and OMSI. When the new segment opens, streetcar service will be divided into two lines, which will overlap on 10th and 11th avenues in NW Portland and downtown. The opening of the eastside line will bring enhanced service to the most heavily used section of the Westside alignment (on 10th and 11th between Portland State University and the Pearl District). This section will see trains arriving every 7 minutes, down from the current 12-13 minute wait times. Trains on the eastside, NW 23rd, and the South Waterfront will arrive every 14 minutes. For a map of the new two-line system, click here.

To watch the video of the first ride, click here.

]

cary perkinsCurrent Portland Real Estate Market InformationMovingMoving to PortlandORPortland Oregon April 10, 2012

10 Things to love about Portland OR

The second season of Portlandia, a critically-acclaimed show, if you’ve never heard of it, on IFC that lovingly lampoons life in one of the country’s most unique cities, recently wrapped up its season. But you want to know what’s even more fun than watching Fred Armisen make jokes about Portland, Oregon on your television? Tuning into the actual city itself!

Should you need a little push, here are 10 compelling reasons to book a flight, like, now (speaking of which, here’s a list of airfares to PDX).

#1 It’s exactly what you think.
Funny hats, food trucks, obsessive baristas, urban gardening, bike lovers: Portland is practically a laboratory of all that’s hip and cool in North America right now. Soak up the vibe with a visit to the city’s legendary Saturday Market, which just launched its 36th season. The event — which actually runs both Saturdays and Sundays, in the city’s historic Chinatown area — features tons of local artisans, as well as plenty to eat (portlandsaturdaymarket.com).

#2 The city has an amazing arboretum.
Any city can do parks, but how many have gigantic arboretums, brimming with gorgeous flora from around the world, plonked directly on top of the downtown area? Just a short hike up from the bustle of the city center, the cool, green forests and manicured gardens of the Hoyt Arboretum remain one of Portland’s finest assets (hoytarboretum.org).

#3 Emerging artists.
Portland is known for inspiring its share of creativity, and schools like the Oregon College of Art — with a handsome campus among the trees on the edge of town — do their part to help channel all that inspiration. See tomorrow’s big names today at the school’s ever-changing Centrum Gallery, which rotates monthly with work from current students, as well as alumni and faculty. The Retail Craft Gallery on campus sells the work of more than 100 artists, all affiliated with the college (ocac.edu). A short drive down Burnside, back in the heart of town, the Pacific Northwest College of Art is a partner in the cutting-edge Museum of Contemporary Craft, which features a free First Thursday (of every month) event, where the museum stays open into the evening hours (mocc.pnca.edu).

#4 Distillery Row.
We all know there’s a ton of really good beer around here. Has been for ages. But even cooler is the rise of the city’s Distillery Row, a collection of — you guessed it — distilleries located within walking distance of one another, just east of the Willamette River. Together, they are working to ensure that nobody ever needs to drink out-of-town whiskey — or gin, or vodka or rum — again. Each stop on the Row keeps weekend drop-in tasting hours; learn more at distilleryrowpdx.com.

#5 Local brews.
Seriously. Coming to Portland and not drinking the local beer is kind of like going to New York and refusing to eat pizza. From Deschutes Brewery’s heady black beers to Laurelwood’s Organic Green Mammoth IPA, you really can’t go wrong; make sure to also sample the more obscure stuff, such as Upright’s complex sour beers or Cascade Brewing’s barrel-aged Bourbonic Plague, with an ABV of — mind how you go — 12 percent. To brush up on the scene, check out portlandbeer.org.

#6 Gorge-ous scenery.
Remember how Seattle used to be the cool town and Portland was that little thing you sort of just breezed through? Well, Portland’s the one everyone’s paying attention to now, and you can still breeze through it. There’s sprawl here, but not much. From the middle of town to the beginning of the protected Columbia River Gorge National Scenic Area can take as little as 20 minutes. Once in, get off the freeway and slow down. There are dozens of waterfalls, more than 100 great hikes of all difficulty levels and of course, that incredible scenery. Map out your route at gorgefriends.org.

#7 A coffee maven’s haven.
Portland’s coffee is some of the country’s best. How good? It’s best-known roaster, Stumptown, went on not only to become an immense hit in New York City, but it’s also getting its hooks into Seattle, too. They’re still the big guy around here, but they’re also just a start. Other roasters to know include Coapa, with its chic café in the Industrial District, Courier Coffee on SW Oak Street and Exacto Coffee, which is served at the cool GrindHouse Coffee in up-and-coming corner of North Portland. (Which you can refer to as NoPo, if you like.) If you’re in a downtown hotel, your best bet is Sterling Coffee’s simple but perfect Coffeehouse Northwest up on Burnside. It’s been around a few years now, but it’s still one of the most perfect venues in town. Learn more about what’s brewing locally at caffeinatedpdx.com.

#8 Culinary treats.
From one of the best bacon-egg-and-cheese-on-a-roll breakfasts you’ll ever eat in your life (at Bunk Sandwiches) to epic meat dinners at Laurelhurst Market, a butcher shop and restaurant, to a proper night out at Le Pigeon to spicy wings and cool salads from hipster Thai Pok Pok to crazy bad-for-you breakfasts at Pine State Biscuits to those food carts mentioned previously that serve up every kind of food you can imagine, all over town, to incredibly fresh vegetables and locally (and sensibly) farmed meats to great Northwest fish and oysters and you name it, Portland is a town for people who really, really like to eat. Don’t come expecting a ton of traditionally fine dining but do come hungry. Really, really hungry. Maybe also bring stretch pants.

#9 And save room for dessert.
One of the most famous foodstuffs in town for a few years running now has been a now-oft-copied bacon maple contraption at Voodoo Donuts, but that’s just the start of the fun. Here you have everything from “Cupcake Wars” champ Kyra Bussanich making magic at Lake Oswego’s Crave Bake Shop to James Beard Award winner Kim Boyce, making waves at her new Sandy Boulevard bakery, called — rather simply — Bakeshop. But there’s nothing simple about the pastry; Boyce has years of experience in top kitchens in Los Angeles. From rhubarb hand pies to fig buckwheat scones, you have to try it all.

#10 A peddler’s paradise.
Eventually, even the most intrepid eaters and drinkers will be crying “uncle.” Now you know why this town’s as into outdoor activity as it is into stuffing awesome things down its gullet. It’s called survival. And not weighing 400 pounds. If you’re having trouble getting motivated to get up and get going, join a group bike tour — anywhere from an easy spin around downtown or a day out in the Gorge or up in wine country — through Pedal Bike Tours (pedalbiketours.com). If you prefer an upper-body workout, the Portland River Company offers cool guided tours — and instruction, too — out on the Willamette River (portlandrivercompany.com).

And I’d like to add #11.

It’s a fabulous place to call home.  If you’d like to see a few houses while you’re visiting, please let me know!  Portland OR Real Estate is at bargain prices, and with today’s interest rates, amazingly affordable. 

Thanks to George Hobica, Syndicated travel journalist and founder of Airfarewatchdog.com for this terrific article.  Be sure to subscribe to airfarewatchdog.com for best deals on your favorite city pairs – a surefire way to get the best price on airfare for your coming trips.  For a linkback to the original article on Huffington Post, click here.

Current Portland Real Estate Market InformationMovingMoving to PortlandPortland Real Estate Data April 4, 2012

Rent or Buy?

Each quarter, Fannie Mae releases their National Housing Survey. They survey the American public on a multitude of questions concerning today’s housing market. We like to pull out some of the findings we deem most interesting each time it is released. Here they are for the most recent report:

84% of the general population believes that owning a home makes more sense than renting.

The Most Important Reasons to Buy a Home

When we talk about homeownership today, it seems that the financial aspects always jump to the front of the discussion. However, the study shows that the four major reasons a person buys a home have nothing to do with money. The top four reasons, in order, are:

  1. It means having a good place to raise children and provide them with a good education
  2. You have a physical structure where you and your family feel safe
  3. It allows you to have more space for your family
  4. It gives you control of what you do with your living space (renovations and updates)

The Home as an Investment

Though most people purchase a home for non-financial reasons, everyone realizes there is a money component to homeownership. Here is what they said on this issue:

  • 63% of the general population believes that homeownership is a ‘safe’ investment.
  • 53% believe that homeownership has more potential as an investment than any other traditional asset class.

Rent vs. Buy

We are always interested in the difference people see in renting vs. owning.

  • 64% of renters have aspirations to someday own their own home
  • 70% of renters think that owning is superior to renting

Bottom Line

Our belief in the value of homeownership grows each time this survey is released.

cary perkinsCurrent Portland Real Estate Market InformationPortland Oregon March 30, 2012

Portland Art Museum Rothko Exhibit

 

 

Regarded as one of the leading American artists of the 20th century, Mark Rothko (1903-1970) began his life in art as Marcus Rothkowitz in Portland, Ore. Having emigrated from Russia as a 10-year-old with his mother and older sister in 1913 to join his father and brothers in Portland, Rothko attended Lincoln High School and took his first art classes at the Museum Art School before going off to Yale, New York City, and beyond. This exhibition celebrates a native son whose lyrical paintings created a legacy for the world.

There are forty-five paintings , borrowed from family, the National Gallery of Art and private collectors.    A retrospective survey of Mark Rothko’s paintings has never been staged in Portland, although Rothko’s first museum exhibition was hosted by the Museum in 1933-34.

 

photo courtesy of http://faramarzsoleimani.blogspot.com/2011/02/mark-rothko1903-1970.html