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Federal Reserve Symposium & State of the Economy

julie — Fri, 27 Aug 2010 18:48:41 +0000

Today’s anticipated speech from Ben Bernacke brought some good news for the economy despite the disappointing reading of 1.6% on the 2nd Quarter’s Gross Domestic Product. As it turns out, the Feds don’t see a double dip recession in our future (yeah!!) nor do they think deflation will be a risk. We should see reasonable growth during the second half of the year with the econony back on track in 2011. All this ‘good’ news is helping the stock market bump back over 10,000 but we’re seeing a few rate increases as a result. I’m not complaining though as they still extremely low.

30 year fixed loans 4.375% (APR 4.508%)

15 year fixed loans 3.75% (APR 3.98%)

This is a great opportunity time for Portland! Our inner city market has maintained very well compared to other parts of the country. We should invest now while prices are low and rates are down. Portland inner city neighborhoods are very community oriented and a great place to live!

Buying an Inner City Vintage Fixer in Portland

julie — Mon, 16 Aug 2010 21:04:06 +0000

Thinking of buying a fixer, but don’t know where to start? Jamie and George are giving a quick seminar on finding and financing great fixers in close in Portland neighborhoods. We’ll tell you why we think this house is probably the WRONG house for you (HINT: water damage)

And why we think this one might be the right house for you (HINT: furnaces are easy to replace)

There are some great vintage bungalows, victorians, mid-century ranches, and farmhouses for sale at prices we haven’t seen in a long time. Think you are priced out of the great neighborhoods? Probably not. The influx of bank foreclosures and short sales along with the low interest rates is the perfect storm for home buyers. We are also going to show you how to finance incredibly cheap “cash-only” homes with FHA rehab loans.

Join Northwestern Loans and Vintage Real Estate to get a glimpse at the process and possibilities in purchasing and remodeling a fixer.

Did I mention that we are going to have a wine and cheese spread from Pastaworks?

4039 N Mississippi Ave, in the NuMiss building next to Salty Dog and Cat shop.
Thursday August 19th at 6:30 pm

Mississippi Ave Street Fair is Saturday, July 10, from 10am to 9pm!

julie — Fri, 02 Jul 2010 21:33:17 +0000

9th annual Street Fair on Mississippi Ave.

Presented by: Historic Mississippi Ave Business Association (HMBA) & Boise Neighborhood Association (BNA)

Benefits:         The Boise-Eliot Elementary and Albina Youth Opportunity Schools
Location:        N Mississippi Ave - 5 blocks bounded by N Fremont and N Skidmore (closed to vehicular traffic)
Parade:           At High Noon – all welcome

Nine years ago The Mississippi Avenue Street Fair began as a simple community-building event called the Boise-Eliot Multicultural Fair. The one-day event has since become Portland biggest street fair – attracting over 30,000 attendees in 2009 and sprawling over five city blocks in the heart of the Historic Mississippi Avenue Business District.

The attractions have grown along with the fair, here are a few highlights:

Four Stages of Entertainment: With nearly 30 acts performing on four stages – there is something for everyone. Catch legacy acts like Linda Hornbuckle and Norman Sylvester on the Main Stage; discover emerging artists like Renegade Minstrels and The Beauty on The Courtyard and Dance stages. Be the first to get a sneak preview of the new Portland Folk Festival with the programming on The Parlour on the Hill stage. Plus for kids of all ages arrive early for a brand new kids’ music program presented by Legacy Emanuel Hospital & The Children’s Hospital at Emanuel on all multiple stages.

Local Brew Garden presented by Yelp: Last year’s sold-out organic beer garden was so well received by craft beer aficionados that fair returns with an expanded focus on “local” breweries including: Hopworks Urban Brewery, Lucky Labrador Brewing Company, Widmer Brothers Brewing Company, Lompoc Brewery, Ninkasi Brewing, Southern Oregon Brewing and 10 Barrel Brewing Company.

Whole Foods Local Bites: Fifteen local growers and producers will be presenting their own products –from Habanero hot sauce to natural beef to locally grown basil - in a “farmer’s market” style pavillion. Stop by to smell, taste and touch our commitment to LOCAL!

Over 100 Street Fair Vendors presented by Dreamer’s Marketplace: Explore over 100 of the region’s most diverse artisans, products and services along the spine of the street fair! There is even a “Green Block” devoted to organizations and vendors involved in sustainable, green industries.

Boise-Eliot Kids Corner: Interactive games, dunk tank, kids crafts, bingo, and more.

Grandfather’s Rib-Off Competition: “Grandfather” Leonard Smith’s barbecue contest honors to the most deserving with samples available to all!

Come by Vintage Real Estate and meet the team! We will be handing out market information for the neighborhood and our buyer seminar schedule for the summer.

Interest Rates Are At 50 Year Lows!!

jamie — Tue, 08 Jun 2010 22:43:52 +0000

If you haven’t heard, mortgage rates have headed back down to the elusive 4.5% range on a 30 year fixed for qualified borrowers! Fifteen and 20 year fixed rates are even lower. Not only is it a great time to purchase with affordable housing prices and low rates, it’s an important time to consider refinancing. If your current rate is 5.5% or higher you may be able to save hundreds off your monthly payment through a refinance. There are of course cost vs. savings factors to consider, but it doesn’t hurt to at least run the numbers and find out if this makes sense for you. If you’re concerned about little or even negative equity, that’s a surmountable problem. As part of the economic stimulus of 2009, Fannie Mae and Freddie Mac instated the Making Home Affordable loan program to help homeowners in this predicament.

Call or come by our new location for a free loan analysis and rate lock to find out how much you can save. The process is simple and painless, and really, these rates won’t be around forever!

Jamie Helton | Mortgage Professional

Northwestern Loans

(503) 961-4239 P

jamieheltonlo@gmail.com

Office Relocation Party this Saturday!

julie — Mon, 07 Jun 2010 20:17:31 +0000

Vintage Real Estate and Mortgage Professional Northwestern Loans are celebrating their new location and invite you to come by and say hello. We will have snacks and beverages for you as well as an art show. Featuring Art by Marla and Hand painted glasses by Leslie. Lots of great gifts for under $100. We intentionally are hosting this open house on the day of Cirque de Cycle, a professional bike race on Mississippi Ave. It is a blast! Go to cyclingcircus.com for more details. We will be hanging out at our new space located on Mississippi Ave. next to the Salty dog and cat shop from 3- 8pm. We might disappear around five to go watch the professional bike races but will be back after the race. Please stop by for a refreshment and a snack! 4039 N Mississippi Ave. suite 105, Saturday June 12th. We hope to see you then!

Softball Anyone?

julie — Mon, 24 May 2010 21:49:47 +0000

The Mississippi Businesses will be puting together 8 teams to play at Overlook Park starting the week of June 21st. There will be 7 games, one per week. They will be either Mondays or Thursdays. Vintage Real Estate will be sponsoring a team and we would love for you to join! You don’t have to be good- trust me. Let me know if you are interested in playin’ ball or have questions at julie@vintage-property.com.

We have moved our office

julie — Mon, 17 May 2010 19:21:28 +0000

Vintage Real Estate is now located between 50/50 and Salty’s Dog & Cat Shop in the NuMiss building. We are on the main floor and are excited to be back on the street! Please feel free to drop by anytime to say hi! If you need to use the fax or need a meeting spot for community events let us know. We are happy to make the space available to you if we can. Please let us know if you know anyone looking to start a new career in Real Estate or looking for a new place to work. Thank you again for your business and referrals!

4039 N Mississippi Ave. Suite 105, Portland OR 97217

Just about one block south from our old spot.