Monday, March 26, 2012

Newest Homeowners

Tim and Kelly are Arbor Pass' newest homeowners. We are so excited for them. Come by and welcome them to the neighborhood!

Sunday, March 18, 2012

The Crazy Things I Do

This is a video of what my son requested for his 6 year old party. The crazy things I do for the ones that I love!

Saturday, March 17, 2012

Busy Busy Busy Once Again

We are officially sold out until late June. Literally, Arbor cannot build the homes quick enough. The market is really turning. Come by and see what homes we have available for June!

Wednesday, February 29, 2012

..As Home Prices Fall Further, Is It Time to Buy?

Nobody wants to catch a falling knife. It is as simple as that. If potential buyers see continued home price erosion, they will stay parked on the sidelines. But as with everything else in this unique and historic housing market, perhaps the usual logic doesn't apply.



"Housing is one of the great investments right now. I tell people all the time when they come up to me, they say, "What should I do, Mr. Trump?" I say go buy a house," said Donald Trump earlier today on CNBC.



"It wouldn't be an obvious mistake to buy a house now," hedged Robert Shiller, barely a few hours later.



Perhaps they were just jumping off Warren Buffett's declaration yesterday that if he had a way to manage them, he would buy a couple of hundred thousand single family homes and rent them out.



Housing appears to be rated a "buy" these days, especially among investors, who see a ripe and rising rental market and big potential for income. But is it the right time yet for what I call "organic" buyers to get in? By this I mean people buying a home to actually live in it, raise a family in it, let the dog run around in the back yard. If prices are still falling, couldn't an even better deal be waiting down the road a bit?



No. House prices will continue to fall on a national basis at least through 2012, but you have to look past national headlines to your local market, which is likely already recovering nicely. The trouble with the national numbers is that they are heavily weighted toward the lower end of the market and to the distressed end of the market.





Around 73 percent of homes that sold in January were priced below $250,000, according to the National Association of Realtors. Forty-seven percent of homes sold that same month were considered "distressed," which is either a foreclosure or a short sale (where the lender allows the borrower to sell for less than the value of the mortgage). With all the activity in these areas, no surprise that prices skew lower.



The $250,000 to $500,000 price range may now be the sweet spot for the market. Sales in January were up in this price range, and if you have good credit, you are within GSE and FHA loan limits in most markets. While FHA just raised its insurance premiums, which may hurt much-needed first-time homebuyer demand, it is still one of the best loan products out there today, especially for those with lower down payments.



You cannot time housing any more than you can time the stock market. True, housing moves far more slowly, but that works to its benefit, as prices don't rise and fall on daily news or even on major events. Sales have clearly bottomed in housing, and prices always lag sales. They will lag longer this time around, no question, but they will come back. Supply and demand will eventually win out, even after an historic crash. If you can't get a good mortgage now, then perhaps it's not your time, but if you can, waiting may not buy you much.




Questions? Comments? RealtyCheck@cnbc.com And follow me on Twitter @Diana_Olick







Monday, February 27, 2012

So Many Sold Homes

So far this month we have sold 6 homes. That is amazing. We are running out of inventory so much that we currently have 3 buildings under construction at once. We do however have some homes that are move in ready, but don't wait, they may be gone.

Monday, February 20, 2012

Building, Building And Building

As you can see we have been very busy here at Arbor Pass. We currently have 2 buildings under construction with one more starting next week. We are nearly sold out of our show homes. Come by and visit and see what all the fuss is about.

Thursday, February 2, 2012

Building 2 Done!

Here are pictures of building 2, ready for sale. The interior shots is our Sussex floorplan that is selling for $124,900. It is our only Sussex that is ready. Come by and view it and make Arbor Pass your new home!





Monday, January 30, 2012

Busy, Busy, Busy



January has been an amazing month. We have been so busy and sold so many homes. We just finished building 2,we have building 21 ready in June and building 22 will be ready in August. Come by and see all the new homes!

Wednesday, January 18, 2012

The Perfect Amount Of Snow

If you know me, you know that I don't really like snow. One major reason is that I won't drive in it which makes me crazy because I can't get to work. Lately we have had some snow that looks beautiful and does a light dusting. This is a picture of my son playing in the snow at his grandparents in Scappoose. The grandparents saw much more snow than we did. Hope you enjoyed it while it lasted.

Monday, January 9, 2012

Clear Capital predicts gains in Portland-area home prices

Home prices fell 3.5 percent in 2011, but are expected to reverse course in 2012.
Portland-area home values fell 3.5 percent percent during 2011 but are expected to stabilize and even post an increase in 2012, the real estate research firm Clear Capital reports.
The California company forecasts a 1.9 percent increase in home values in the Portland-Vancouver-Beaverton area.
In the company's ranking of 50 major metro areas' home prices, that moves Portland from No. 27 in 2011 to No. 14 in 2012. Exactly half of the markets are expected to post home price increases. The Portland market is also among 20 considered to be stable in 2012, with a predicted increase or decrease of less than 2.5 percent.
The company also reported 15.5 percent of home sales in 2011 were bank-owned foreclosures.
U.S. home prices fell 2.1 percent in 2011 and are expected to gain 0.2 percent in 2012, the firm reports.
The Seattle area was one of the hardest-hit markets in 2011, posting a 15.1 percent decline in prices. Clear Capital predicted the city would lose another 7.5 percent in 2012.

Published: Monday, January 09, 2012, 11:42 AM Updated: Monday, January 09, 2012, 12:36 PM
By Elliot Njus, The Oregonian






Saturday, January 7, 2012

Two Happy Homeowners

Jose and Melissa signing for their new home
This is Jose and Melissa. They are the newest homeowners here at Arbor Pass. We are so excited for them, they are such a delight!
Congrats Jose and Melissa on your new home.

Wednesday, December 21, 2011

Housing sector could be recovering, Washington Post says

The housing sector seems to have finally bottomed, and may even be rebounding, according to The Washington Post, which cited data released over the past several weeks. "Housing has switched from being a drag on overall growth, to modest positive contributions,” the newspaper quotes Brian Bethune, chief economist of Alpha Macroeconomic Foresights. as saying.

Saturday, December 17, 2011

Merry Christmas From The Korenthal Family

The Korenthal Family Shopping At The Mall
I wanted to wish everyone a very Merry Christmas from my family to yours!

Tuesday, December 13, 2011

Saturday, November 19, 2011

Building 21 Underway


Building 21 just started and will be ready for moving in, in June


Tuesday, November 1, 2011

Fall Is In The Air

I think my feminine side came out when I decorated the office. I love fall, probably because growing up in California, the leaves were only 2 colors, green and brown. I am so looking forward to Thanksgiving. Come on in and check out how my decorating looks.

Tuesday, October 18, 2011

Intel's quarterly outlook beats Street

(Reuters) - Intel Corp forecast quarterly revenue above Wall Street's expectations, defying concerns that the growing popularity of tablets and a shaky economy are eating into demand for personal computers.




Intel said revenue in the current quarter would be $14.7 billion, plus or minus $500 million. Analysts on average had expected current-quarter revenue of $14.23 billion, according to Thomson Reuters I/B/E/S.



Intel's processors are used in 80 percent of the world's PCs but the company has failed to gain traction in mobile gadgets like Apple Inc's iPad and Google Inc's Android smartphones. It also increasingly depends on China and other emerging markets to make up for weak sales in the United States and Europe.



GAAP net income in the third quarter was $3.5 billion, up 17 percent. Earnings per share were 65 cents.



The world's leading chipmaker said non-GAAP revenue in the third quarter was $14.3 billion, up 29 percent and higher than the $13.87 billion expected on average by analysts, according to Thomson Reuters I/B/E/S.



Shares of Intel rose 2.6 percent in extended trade after closing up 0.52 percent at $23.40.



(This story corrects GAAP vs Non-GAAP in the fourth paragraph.)






(Reporting by Noel Randewich; Editing by Richard Chang)

Saturday, October 15, 2011

Fall 2011 Move-in Ready Package

Purchase a home by 10.31.11

and we’ll add our move-in ready package for FREE*

•Stainless Steel Refrigerator

•Washer & Dryer

•Blinds

*With full price offer. See the site agent for specific details as products may vary between neighborhoods and are subject to availability.

Tuesday, October 11, 2011

Living in Oregon…According to Jeff Foxworthy

THIS IS WHAT JEFF FOXWORTHY HAS TO SAY ABOUT ‘LIVING IN OREGON’…




•If someone in a Home Depot store offers you assistance and they don’t work there, you live in Oregon.

•If you’ve worn shorts, sandals and a parka at the same time, you live in Oregon.

•If you’ve had a lengthy telephone conversation with someone who dialed the wrong number, you live in Oregon.

•If you measure distance in hours, you live in Oregon.

•If you know several people who have hit a deer more than once, you live in Oregon.

•If you have switched from ‘heat’ to ‘A/C’ and back again in the same day, you live in Oregon.

•If you install security lights on your house and garage but leave both doors unlocked, you live in Oregon.

•If you can drive 75 mph through 2 feet of snow during a raging blizzard without flinching, you live in Central, Southern or Eastern Oregon.

•If you design your kid’s Halloween costume to fit over a 2 layers of clothes or under a raincoat, you live in Oregon.

•If driving is better in the winter because the potholes are filled with snow and ice, you live in Oregon.

•If you know all 4 seasons: almost winter, winter, still winter, and road construction, you live in Oregon.

•If you feel guilty throwing aluminum cans or paper in the trash, you live in Oregon.

•If you know more than 10 ways to order coffee, you live in Oregon.

•If you know more people who own boats than air conditioners, you live in Oregon.

•If you stand on a deserted corner in the rain waiting for the “Walk” signal, you live in Oregon.

•If you consider that if it has no snow or has not recently erupted, it is not a real mountain, you live in Oregon.

•If you can taste the difference between Starbucks, Seattle’s Best, and Dutch Bros, you live in Oregon.

•If you know the difference between Chinook, Coho and Sockeye salmon, you live in Oregon.

•If you know how to pronounce Sequim, Puyallup, Clatskanie, Issaquah, Oregon, Umpqua, Yakima and Willamette, you live in Oregon.

•If you consider swimming an indoor sport, you live in Oregon.

•If you know that Boring is a city and not just a feeling, you live in Oregon.

•If you can tell the difference between Japanese, Chinese and Thai food, you live in Oregon.

•If you never go camping without waterproof matches and a poncho, you live in Oregon.

•If you have actually used your mountain bike on a mountain, you live in Oregon.

•If you think people who use umbrellas are either wimps or tourists, you live in Oregon.

•If you buy new sunglasses every year, because you cannot find the old ones after such a long time, you live in Oregon.

•If you actually understand these jokes and forward them to all your OREGON friends, you live or have lived in Oregon.

Sunday, October 9, 2011

Back From Vacation

My Brother And Me At The Top Of Our Climb
Even with how busy it has been here at Arbor Pass, I needed to spend some time visiting my family in California. My mom is sick and really felt lead to see her. So my brother paid for my plane ticket to California, where I am originally from. My payment back to my brother was a 30 mile bike ride with 15 miles of it up hill. My brother lost his left leg in a car accident when he was in high school. He now loves to cycle not letting his disability slow him down at all.
Well, I am back and ready to work.

Last Home at Arbor Crossing is Sold!

Saturday, October 1, 2011

Last Home At Arbor Crossing

Last Home at Arbor Crossing!


$154,900
716 NW Newstead Terrace: Windsor Classic Package, stainless steel Whirlpool appliances with gas range, wood laminate floors on entire main level, walnut cabinets with bronze knobs, granite counter tops with full height diagonal tile backsplash, Hunter Douglas blinds, corner unit with tall ceilings & lots of light & attached garage.

Monday, September 19, 2011

Pumpkin Time



Do you believe that fall is just around the corner? Now this is my wife's favorite time. She loves the leaves turning, getting costumes and candy for the kids. We always make it to a pumpkin patch. Below is a list of places where you can get your pumpkin.



■Bella Organic Portland Pumpkin Farm, September 3-October 31, NW Portland

■Fazio Farms, dates TBD, NE Portland

■The Flower Farmer, September 24-October 31, Canby

■Kruger’s Farm, September 23-October 31, Sauvie Island

■Lake View Farms, North Plains

■Lee Farms Pumpkin Patch, Tualatin

■Liepold Farms Harvest Festival, October 1-31, Boring

■Philip Foster Farm Cider Squeeze, September 24, Eagle Creek

■Plumper Pumpkin Patch, September 17-October 31, NW Portland

■The Pumpkin Patch, September-October 31, Sauvie Island

■Roloff Farms, October 1-30, Hillsboro

■Smith Berry Barn Apple Festival, October 15-16, Hillsboro

■Squishing of the Squash & Howloween, October 28-30, Oregon Zoo (Portland)

■West Coast Giant Pumpkin Regatta, October 22, Tualatin

Saturday, September 10, 2011

10 Years

Where were you on 9/11 10 yeas ago? I was getting ready for work when I heard the news from my mom. I turned on the TV and couldn't believe what had happen. My work (in California) was in a building that had Stanley Morgan Dean Witter as its main tenant. When I got to work they told me the devastation. Their company occupied an entire floor of one of the buildings of the Twin Towers. Fortunately the floor was under remodeling and most of their colleagues were not there.
I remember thinking, how can a human drive a plane into a building. How can a city deal with so much tragedy? What will this do to our country, make it stronger or divide us more?
You see my wife and I planned a trip to NY months before 9/11. We thought about canceling the trip. I called NY's box office where we ordered our tickets for a Broadway play. I asked them if I should cancel the tickets, she said "NO!" That would only hurt their local economy more. So we ventured out.
With a heavy heart we boarded the plane to New York. It was strange, flying for the 1st time since the attacks. Security was crazy about checking every bag and every person. I thought about the people that were on all 4 planes the terrorists high jacked. What went through the passengers minds, especially flight 93 who knew what was going on with the Twin Towers? I imagined me on that fateful flight calling my wife telling her I would not be home for dinner. When we finally got to New York City, we could smell the awful smell of the buildings still smoldering. The streets were wet to keep down the dust of the dump trucks hauling debris. New York City is known for its rudeness, not when we were there. They welcomed us with open arms. God Bless America was every where. You could see sheets saying things like, "I Love NY, City Of Heroes."














Probably the most shocking thing I saw was the dump trucks lined up. One had the words: Air Craft Parts Only. Something that should never be part of a building. It was an experience that will forever stay in my mind.
I love the slogan, "9/11, Never Forget." That is exactly what we should never do, forget!

Tuesday, September 6, 2011

Big Boy

Here is a picture of my son on his very 1st day of school. Arbor Custom Homes was so nice to let me take the morning off to walk my son to school. I am so proud of him.

Monday, September 5, 2011

Conversion Is Done


Before

After


Our office has been converted into 4 nice garages. Although not quite as pleasing to the eyes, much more practical. We even have 2 of our brand new homeowners living in their new homes. Congrats!

Saturday, August 27, 2011

Street Of Dream Home Is Sold!

Bon Voyage to our 2011 NW Natural Street of Dreams home, Chateau Marseille – SOLD today!!!!




Congratulations to the lucky new home owners!!



Tuesday, August 16, 2011

7 Deadly Sins Of Overpricing

Most experts would advise that the best way to increase your
odds of a successful sale is to price your home at fair market

value. But, as logical as this advice sounds, for many sellers it is

still tempting to tack a few percentage points onto the price to

"leave room to negotiate". To avoid this temptation, let's take a

look at the seven deadly sins of overpricing:

1. Appraisal Problems

Even if you do find a buyer willing to pay an inflated price, the fact

is over 90% of buyers use some kind of financing to pay for their

home purchase. If your home won't appraise for the purchase

price the sale will likely fail.

7 Deadly Sins of Overpricing

2. No Showings

Today's sophisticated home buyers are well educated about the real estate market. If your home is overpriced they

won't bother looking at it, let alone make you an offer.

3. Branding Problems

When a new listing hits the market, every agent quickly checks the property out to see if it's a good fit for their

clients. If your home is branded as "overpriced", reigniting interest may take drastic measures.

4. Selling the Competition

Overpricing helps your competition. How? You make their lower prices seem like bargains. Nothing is worse than

watching your neighbors put up a sold sign.

5. Stagnation

The longer your home sits on the market, the more likely it is to become stigmatized or stale. Have you ever seen a

property that seems to be perpetually for sale? Do you ever wonder - What's wrong with that house?

6. Tougher Negotiations

Buyers who do view your home may negotiate harder because the home has been on the market for a longer

period of time and because it is overpriced compared to the competition.

7. Lost Opportunities

You will lose a percentage of buyers who are outside of your price point. These are buyers who are looking in the

price range that the home will eventually sell for but don't see the home because the price is above their pre-set

budget.

Most buyers look at 10-15 homes before making a buying decision. Because of this, setting a competitive price

relative to the competition is an essential component to a successful marketing

Sunday, July 17, 2011

Sales Office Moving

Two things that I observed today. One, rain and two the sales office is being demolished. I can't believe that it is the middle of July and it is raining like it is March. I also can't believe that we are demolishing our sales office and converting it to garages.

With the change of interior features and changes in floorplans, it is time to say goodbye to our old models. I say old models, because we have brand new models that will be up and running in 2 weeks. I am excited for how smart they are laid out. So, come by and see the progress of the garage conversion and check out the new models.
Oh, I almost forgot, although we have 2 models sold, we still have 4 available. Now is the chance to buy an Arbor Model.

Saturday, June 25, 2011

I Am Back

For those of you that don't know me, my name is Christopher Korenthal and I am the new Community Manager for Arbor Pass. Just over a year ago I was at Arbor Pass, but went to start another neighborhood. Now that the new neighborhood that I started is up and running, I am back to serve you here at Arbor Pass. I look forward to seeing you here, so please stop by!

Thursday, February 17, 2011

Red Means Stop for Right Turns Too

Effective February 11, 2011, illegal right turns on red (such as rolling stops) will be added to the other red light traffic violations enforced at Photo Red Light intersections. Drivers who do not come to a complete stop at a red light before turning right will now be issued a citation when their violation is caught on camera at a Photo Red Light intersection. The Photo Light Intersections will include: Beaverton Hillsdale Highway/Griffith Drive, Hall Blvd/Scholls Ferry Road, Cedar Hills Blvd/walker Rd, and Allen Blvd/Lombard Ave. Keeping the citizens safe on roadways is a high priority for the Police Department. The goal of the Department's Photo Red Light Enforcement Program is to reduce violations, crashes and injuries. The department will now enforce right turn on red traffic violations at the intersections above mentioned. I was not sure how advertised this information was, so I thought it would be important for our Arbor Custom Home families to be aware of the new laws. It is still legal to make a right turn on a red signal once you have come to a complete stop at the stop line. So slow down and make sure to come to a complete stop.

Friday, February 4, 2011

What is an FHA Loan?

An FHA loan, is an Federal Housing Administration mortgage insurance backed mortgage loan which are provided by FHA-approved lenders. FHA insured loans are a type of federal assistance and have historically allowed lower income buyers to borrow money for the purchase of a home that they would not otherwise be able to afford. to obtain mortgage insurance from the Federal Housing Administration, a mortgage insurance premium (MIP) equal to a percentage of the loan amount at closing is required, and is normally financed by the lender and paid to FHA on the borrowers behalf. Depending on the loan to value ratio, there may be a monthly premium as well. Come in to Arbor Pass this weekend, and make an appointment to speak to Adam, our finance expert from Wells Fargo, to see if this would be a good fit for you? We are here Monday-Friday 12-5pm and 10-5pm Saturday and Sunday.

Wednesday, January 26, 2011

PLANET HOME: Conscious Choices for Cleaning & Greening the World You Care About the Most
events - public events
When: Wednesday, January 26th 2011 10:30 am – 12 pm
Where: The Warehouse, 3434 SE Milwaukie Ave, Portland, OR 97202
PLANET HOME: Conscious Choices for Cleaning & Greening the World You Care About the Most
Alexandra Zissu, author of PLANET HOME, will be in Portland for this FREE special event to talk about ways to make conscious choices when cleaning your most cherished environment -- your home. All Portlanders are invited to join us for a chance to connect with your community and Alexandra for this informative and fun event. Enjoy complimentary food and beverages and an eco-friendly gift will be available for registered attendees. Please register as soon as possible using this link: http://planethomepdx.eventbrite.com/ Author and green living expert Alexandra Zissu offers comprehensive yet simple - and practical - green tips for any budget. Our everyday choices can have a tremendous impact - on the environment and our health. Did you know switching from hot to cold water when doing laundry saves 90% of the total energy cost, reduces indoor air pollution and is better for the clothes? Zissu suggests many easy changes and highlights common mistakes we all make. Newbies will learn to go greener faster and devotees will pick up insights and ideas to hone their eco-approach. Walk out inspired, empowered and with a heightened sense of how interconnected we all are in our shared planet home.Alexandra Zissu is a green living expert, environmental health journalist, eco consultant, speaker, mom and the author of The Conscious Kitchen and co-author of The Complete Organic Pregnancy and Planet Home.
REGISTER AT http://planethomepdx.eventbrite.com/
The Warehouse is located at 3434 SE Milwaukie Avenue, Portland, OR 97202.More info at http://www.portlandgreenparenting.com/

Friday, January 21, 2011

The Models are FOR SALE.....


We are so excited, our models are moving. We have started construction on two new buildings here at the Pass. We have 8 new condo's that are available in the new buildings. The buildings are in great locations and right by the pool and clubhouse. This is a great time to buy an Arbor Custom Home at Arbor Pass. The units are early enough in the construction stage, that you can pick out your options. The other exciting news is that we are moving our models to one of the new buildings. That means that the models are for sale. Whenever people come through, they always want to pick the same features that the model offers. Well here is your chance. Come in this weekend and view the models and see which one you like???? It is a great time to buy an Arbor Custom Home. The interest rates are still very low, and so are the price of our condos. I hope to see you this weekend, and Adam from Wells Fargo Home Mortgage, Arbor's preferred lender, would love to make an appointment to meet with you to see which plan would be a good fit. Don't forget about the Oregon Bond, Adam would be happy to see if you qualify for that. Happy home hunting.

Thursday, January 13, 2011

NEW YEARS INCENTIVE FOR FIRST TIME HOME BUYERS!!!

Good news for first time home buyers. Oregon Bond has been able to approve funds to bring back its offering for 1st time home buyers. there are two options that buyers can take advantage of. The first one is Rate Advantage Home Loan: A qualified borrower will get the lowest fixed rate possible to maximize their home purchasing power. Rates, on this option are 3.875%. the second option is the Cash Advantage Home Loan: A borrower will get a low, fixed interest rate of their home loan along with cash assistance equal to 3% of their loan amount. The cash assistance will help to reduce the total cash they need to close the loan. Rates, on this option, are 4.25%. The buyer must meet certain qualifications, which are as follows: Buyer must be a 1st time home buyer, be an Oregonian, live in the residence, may not have been discharged from a bankruptcy within the past two years, prior to closing the loan. There are also income limits, as well as purchase price limits. There are eligible property restrictions. There may also be a recapture fee, if the buyer sell the house before a certain required time frame. This is just a jist of what the program restrictions are. Please come by Arbor Pass, and meet with either Krisiti, the managing agent at our site, or our preferred lender Wells Fargo, to get specific information regarding this exciting new First Time Home Buyers incentive. Great time to buy an Arbor Home....

Friday, January 7, 2011

What is the impact of raising interest rates when buying a home?

Buyers ask me daily, "have we hit bottom, as far as the price of homes?" I am not sure the answer to that, however I do know that the interest rate increase affects the buyer just as much as the price of a home. If you are one of those buyers that is waiting to see if we have hit bottom, be careful. You should be concerned about the monthly cost as well as the price. We all want the best value possible whenever you purchase something. However, when buying real estate, the best value is not determined by price alone. Value is determined by price and financing costs. You really need to take both into consideration when purchasing a home. Arbor Custom homes is partnered up with Wells Fargo Home Mortgage, and have an amazing team that keeps updated on all that is happening in lending. If you want to find out how the interest rates affect your decision come into the Arbor Pass sales office, and we can set up an appointment with our lender, Adam and show you options for your future home.

Thursday, December 23, 2010

Time for Reflection!!!!


As 2010 comes to an end, it is always a good time to reflect. This year has been a very exciting, but challenging year for me professionally. It has been so wonderful coming to work for Arbor Custom Homes. I feel so fortunate, in this economy, to have had such an exciting opportunity. I love it!!!! I really enjoy the people I get to work with. Kristi, the sales office manager is awesome to work with. She loves being the property manager at Arbor Pass, and is so enthused to teach me everything she knows about the condo's. We have had such fun working with buyers and meeting potential buyers. The real estate market has been challenging, but the Arbor team works so well together to make our buyers excited about the buying process. I hope that 2012 brings peace, joy and health and happiness. Merry Christmas, and a Happy New Year.

Thursday, December 16, 2010

Interested Rates have been going up. What are you waiting for?????

Interest rates are heading north for the holidays.......The interest rates have gone up about .5% this month. Its hard to say if they will come back down, or if we have hit our rock bottom? Do you realize how much this affects a buyer when the rates increase? With the rate increase just .5% this month, that has been a 5% loss in buying power. That means if you were qualified to buy a $200,00 home, you could now only afford a $190,000 home. So that means the buyer will be making the same mortgage payment on a home that is $10,000 less. The good new is that even with the rates increasing, they are still at record lows. In tracking rates over the last five Decembers, we are still the lowest that we have seen. In 2005 the rates were 6.27. So what are buyers waiting for? I think if you are ready to buy a home and waiting to see "what happens" you may miss the boat????? If you are serious about purchasing something you should speak with a lender as soon as possible to see what your options are? Arbor Pass is partnered up with Wells Fargo Home Mortgage, and I work personally with Adam Ansteth. He knows the neighborhood at Arbor Pass and he has proven time and again how good he is at his job. Even thought we are at the last few weeks of the year, this is a GREAT time to buys a new home. What a way to start 2011. Happy Holidays and Cheers to you.

Thursday, December 9, 2010

Arbor Custom homes Oregonian Article


There was an interesting article in the Oregonian last week about Arbor Custom Homes. The article had an encouraging message from one of our owners Wally Remmers. He was speaking at a banquet to subcontractors and suppliers of Arbor's. Wally is confident of a continued rebound in the year ahead. It was exciting to see that Arbor Custom Homes is going to be building around 350 new homes in the coming year. He admits that times have been very challenging as one of the last standing local builders in the Portland area. Arbor has taken some opportunities that are not part our their "normal" business model. I also like what Wally said about the downturn in the market "has thinned out the industry to the real players" The Arbor Crossing neighborhood was specifically recognized as an opportunity for buyers to take advantage of the significant price erosion in the Portland housing market. The pass currently has condos priced in the $209,000 price range. If you have the opportunity to read the article in full it was in the business section December 3, 2010. The article was written by Jeff Manning.

Thursday, December 2, 2010

Fun Portland Activities during the Holidays


There are so many fun things to do around Portland during the holidays. Some of these activities have been traditions that my family have continued over the years since I was a child. We always have a great time cutting down our Christmas tree. There are quite a few tree farms close to the Arbor Crossing and Arbor Pass neighborhoods. Some of the ones my family has gone to before are:
Helvetia Christmas Tree Farm: 12814 NW Bishop Rd. Hillsboro, Or 97124.
Andy's Tree Farm: 14713 NW Germantown Rd. Portland, Oregon 97231.
Parry's U Cut Tree Farm: 45627 NW David Hill Rd. Forest Grove, Oregon 97116.
Baggenstos Farm: 20200 NW Murphy Rd. North Plains, Oregon 97133.
Hagg's Tree Farm: 18265 SW McCormick Hill Rd. Hillsboro, Oregon 97123.
Besides the family outing cutting down our tree, we usually try to do something festive around town. Peacock Lane has always been a favorite, whether we walk down the street and enjoy a hot chocolate, or stay in the warm car and drive down the beautifully lit street. The Queen Anne Victorian Mansion is beautiful this time of year. The Portland Zoo also has a light festival that is fun for the whole family, and one of Portland's biggest celebration is the Festival of Lights at the Grotto. Take some time over the holidays to slow down and enjoy spending time with your family and try one of theses great places to spend a day. with the family. Happy Holidays to you and your family. From Arbor Pass and Arbor Crossing.

Tuesday, November 16, 2010

Newest member to Arbor Pass


My name is Kara DuLong, and I am the newest team member out at Arbor Pass/Arbor Crossing. I will be assisting Kristi and am so excited to be part of the Arbor Custom Home family. I have been with Arbor Custom Home since the end of summer, but have been permanently place here at Arbor Pass/Arbor Crossing. I have lived in the Portland area my entire life, and graduated college from the University of Oregon. I am married and have two children, they are both in elementary school. When I am not here at work, you can find me at one of my kids soccer, baseball, football, or basketball games....If you have a chance come by a say hello, I would love to meet you.

Friday, November 12, 2010

Saturday, November 6, 2010

Arbor homes makes a difference

Arbor is continuing to make a difference! Not only is Arbor building strong in this down economy but they have also added many build techniques that make your brand new home more energy efficient which saves you money but also cuts down on environmental impact as well. Good for you..... good for the world! Arbor is now building to Earth Star advantage guidelines.
Watch this short video below to see all the things Arbor does above & beyond other builders!
This is why many Arbor home owners buy another Arbor when they move to the next step in their lives.... weather it's to move into a bigger home when starting a family or moving into a smaller home once the kids have gone. Arbor builds everything from the condos here at Quatama/Orenco/Tanasbourne area up to 4,000 sq ft homes up in the Hills of the Beathany area in NW Portland.



Monday, October 25, 2010

ARBOR WINS BUILDER OF THE YEAR









We are very proud to announce that Arbor Custom Homes has been selected as the recipient of the 2010 Home Builders Association of Metropolitan Portland’s “Builder Member of the Year” award. The HBA’s Nominating Committee evaluated several nominees based on criteria in four principal areas of service: Support of the industry, Leadership in the HBA, involvement in the HBA, and community involvement. The committee came to the conclusion that Arbor Custom Homes was most deserving of this year’s award.

Arbor will be recognized and presented this award at the HBA Builders Ball on Saturday evening November 20th. This kind of recognition is not possible without the leadership Wally and Dennis provide and all of the help from our team!

Congratulations!!

Tuesday, October 19, 2010

Orenco station homes




The Orenco station area in Hillsboro is one of the most desirable areas to live in. Besides the fantastic restaurants, local specialty shops, close to the MAX, & a great farmers market found in this little charming Orenco area it is also very affordable right now to live close by! Imagine you work at Intel like many of our home owners do, every morning when it's time to go to work all you have to do is get right on the MAX and be to work in less than 10 mins. Besides being convenient for getting to work everyday also imagine how great it would be to be able to take the MAX to Blazer games, or Timbers games, or even just to go downtown Portland and not have to worry about parking or being able to have a drink because you won't have to drive. Here at Arbor Pass & Arbor Crossing we not only have quality built homes with energy savings craftsmanship but also stunning finishes and the lifestyle you are looking for! We have brand new home starting at only $119,900 & we only have 3 that are move in ready right now!



Sunday, August 29, 2010

HOMES NOW STARTING AT $119,900










Very exciting that these brand new condos are now starting at $119,900!



Stop by the sales office from 10-6pm weekends or 12-6pm weekdays for more information & to see some of our model homes!