New Year, New You

We know that's not really how it works, but we also know that new beginnings are powerful. We let ourselves lean into hopes and dreams when we feel like we're looking at a clean slate. 

According to data collected by Forbes Health, the three most common New Year's Resolutions for Americans are to improve fitness, finances, and mental health.  One way to consider tackling all three is to find a volunteer opportunity with a local organization. Think about it: many volunteer gigs involve moving your body around, you don't generally spend money to volunteer, and helping others is a wonderful way to boost your mental well-being!

If 2024 is the year you become (or recommit to being) a volunteer, we recommend perusing this thorough lineup of opportunities>>

RMLS Market Action Report

Months of inventory jumped to 3.5 in November, reflecting that although new listings are down 17% from October 2023, the sales pace is still leaving existing inventory at its highest level in 3 years. The main issue here is the number of closed sales sitting at 26% below what it was year-to-date.

Although the average 30-year fixed mortgage rate fell by about 0.5% last week following the Federal Reserve's decision to hold its baseline rates, the overall increase in interest rates has not corresponded with commensurate price reductions. This interest rate environment makes Buyers want to see the value more than ever, and thus, properties that are not priced well are lingering.  

Most folks predict that 2024 will bring further interest rate reductions, but there is no crystal ball, and folks who need to buy now are looking for properties that meet their needs for the long run and hoping to get them at a discount to make up for the cost of financing. Lastly, as is always the case, quality properties in good locations are still getting lots of attention and, in some instances, garnering multiple offers.  
View the most recent market action report here>>

For those of you who prefer a little more action in your market action report, let us know how you like this new video overview>>

Wrapping Up 2023 with A Lot of LOVE

Again, big thanks to everyone who participated in our LOVE BIG, GIVE BIG campaign this year. What a delight to spread some love to this wonderful group of local organizations serving our community in various ways.

Celebrate The Solstice

Though it will be weeks before we're out of the darkest days here in the Pacific Northwest, we are approaching the turning point where we begin to move toward the light. Do you feel wistful for the bright days of summer? Or do you relish the coziness inspired by the cold, grey times? Either way, the solstice is a wonderful reminder to mark this place in time and celebrate the mid-point of the journey into the warmth you cherish or to stay present in the coming weeks and absorb as much coziness as possible! 

Here are three Portland-y ways to celebrate the solstice:

Head to Leach Botanical Gardens for a simple and flexible gathering on Thursday, December 21st, from 11 am to 3 pm. Wander through the gardens, leave a note at the Gratitude tree, or sip a warm beverage by the fire. (Adults and Seniors: $5;  Kids: Free) 
Register for the event>> 

Gather around a fire with family and friends to light your way into the longest night of the year. If you're celebrating outside, pick up a fancy s'mores kit and local hot cocoa to sweeten the fun.

Take a walk in the woods or a stroll in your local park, and then cozy up at home with your favorite blanket and an eco-friendly candle (maybe make plans to make your own candle for next year's solstice?). 

Just for Fun: A Bit of Lore from A Local Artist

We have long treasured Silver Falls State Park for its natural beauty. Where else can you walk behind THREE waterfalls in ONE afternoon? After reading Portland Artist Amy Stewart's highly entertaining illustrated two-part history of the region, we have a few more reasons to appreciate this magical park.

First, learn about the region's geology; it might sound boring, but trust us, this will both blow your mind and change how you think about the ground underneath your feet (at least when you're standing in Oregon).  

Second, meet the swashbuckling folks who loved this beautiful place for its natural beauty and potential to line their pockets with cash. 

BONUS. A delightful deep dive into one of life's big questions: What is a waterfall anyway?

Visit Silver Falls State Park for the Winter Festival on December 9th>>

NAR Class Action Law Suit

The implications of the recent ruling in the class action suit against NAR and some of the nation's largest Real Estate Brokerages are significant, and the dust is nowhere near settled. I've written about this topic several times in the past few years since the suit was filed in 2019. 

There have been terrific news reports on how we got here, where we are, and where we might be headed. One such story came out earlier this month on NPR; it covers the highlights in just under ten minutes.

Listen to the segment on this episode of NPR's Consider This podcast>> 

If you'd like to read my previous posts about the suit, you can find them here and here. And of course, I'm always happy to answer any questions you have on the subject, so feel free to call or email me anytime.