Justin J. DuPré
CENTURY 21 Cascade

 

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SUMMER PLANS CANCELLED BECAUSE OF COVID-19?
HERE ARE SOME GREAT STAYCATION IDEAS
Over the past few months, the coronavirus pandemic has quickly upended life for millions of people around the world, disrupting everything from the ability to go to work every day to summer travel plans. Here are a few ideas for a summer staycation that will ensure you won’t miss hitting the road:
  • Have an at-home spa day. Pampering yourself is one of the best ways to make your staycation feel relaxing and restorative. Gather the supplies you need for your favorite self-care measures, such as DIY manicures/pedicures, facials, a bubble bath (or a dip in the pool or hot tub if you have access to one)…or simply treat yourself to a long afternoon nap and some time lounging with your favorite book or show!
  • Schedule an outdoor movie night. Bring the classic drive-in movie theater experience to your own backyard by investing in a projector, hanging a white sheet against a flat surface, and gathering friends and family to watch your movie of choice. Be sure to set up a comfortable seating area and make some popcorn!
  • Go camping in your own backyard. If you have the space, create a backyard getaway for the whole family by pitching a tent, making some s’mores and other camping trip favorites, and spending a night under the stars.
  • Dine al fresco. Enjoying a meal on a restaurant’s patio is one of the simplest pleasures of summer. But whether restaurants near you remain closed due to the coronavirus or you’re simply opting to dine at home, you can easily recreate the restaurant patio experience with a little planning. Set up an outdoor table with dining utensils, candles, and your favorite decorations, play some background music, and either make a home-cooked meal or grab takeout from a local restaurant.
  • Design your own film festival. An evening spent watching movies can offer the same sense of escapism as a vacation. Plan your festival by setting a theme—such as classics, horror flicks, romantic comedies, or foreign films (a great option if you have the travel bug!)—and procure the movies for your line-up. After watching, enhance the cinematic experience by discussing the films with your viewing buddies.
Whether you’re opting to stay home this summer as a precautionary measure or you’re simply seeking an easier, more budget-friendly way to unwind, a “staycation”—a planned period of leisure time spent at home or in your own city offers a great alternative to traveling.
WHY HOME EQUITY IS A BRIGHT SPARK
IN THE HOUSING MARKET
Given how we have seen more unemployment claims than ever before over the past several weeks, fear is spreading widely. Some good news, however, shows that more than 4 million initial unemployment filers have likely already found a new job, especially as industries such as health care, food and grocery stores, retail, delivery, and more increase their employment opportunities. Breaking down what unemployment means for homeownership, and understanding the significant equity Americans hold today, are important parts of seeing the picture clearly when sorting through this uncertainty.

One of the biggest questions right now is whether this historic unemployment rate will initiate a new surge of foreclosures in the market. It’s a very real fear. Despite the staggering number of claims, there are actually many reasons why we won’t see a significant number of foreclosures like we did during the housing crash twelve years ago. The amount of equity homeowners have today is a leading differentiator in the current market.

Today, according to John Burns Consulting, 58.7% of homes in the U.S. have at least 60% equity. That number is drastically different than it was in 2008 when the housing bubble burst. The last recession was painful, and when prices dipped, many found themselves owing more on their mortgage than what their homes were worth. Homeowners simply walked away at that point. Now, 42.1% of all homes in this country are mortgage-free, meaning they’re owned free and clear. Those homes are not at risk for foreclosure. In addition, CoreLogic notes the average equity mortgaged homes have today is $177,000. That’s a significant amount that homeowners won’t be stepping away from, even in today’s economy. In essence, the amount of equity homeowners have today positions them to be in a much better place than they were in 2008.

Bottom Line 
The fear and uncertainty we feel right now are very real, and this is not going to be easy. We can, however, see strength in our current market through homeowner equity that has not been there in the past. That may be a bright spark to help us make it through.
HAS QUARANTINE FORCED YOU TO CONSIDER A SPLIT FROM YOUR HOME? 
Has spending more time at home lately had you reconsidering your space? The quirks you lived with just a few months ago might not be so easy to dismiss when you're stuck with them all day, every day. Here's how to tell if your relationship with your house can recover or if it's time to move on.

You have no appetite for a renovation
Your home might be a good candidate for a makeover, but if the thought of living in a dusty construction zone with contractors coming and going is unbearable to you, then it's time to start over. There's no shame in foregoing renovations for something move-in ready. After all, there will be plenty of eager DIYers happy to make you an offer.

You're not crazy about your neighborhood
You know what they say: location, location, location. We'll put up with a lot for our home to be in a nice spot, close to work and in a good school district. But maybe that spot doesn't work for you anymore. Do schools still matter or are your kids older now? Are you working from home permanently and your commute is no longer a factor? When you're no longer tied to a specific neighborhood, the possibilities are endless.

It's just too small
If the quarantine has made your small space feel even more crowded, or you need to make space for a new home office (or two), it might be time to upgrade.

It's too old
We all love a heritage home. The architecture! The charm! The 100-year-old... everything. You may have been ready for the sweat equity when you moved in, but when paired with everyday life, 'this old house' can feel more like 'this new nightmare.'

You can now telecommute
It's now official that your job can now be done from home permanently. No need to commute each way to work, so why not consider that house with some land in the country?

If the emotional and financial toll of living in a home that is just too much of a project is getting to you, consider shopping for a new one. A new construction home might not give you the same character, but you will get a house that's brand new in every way and a warranty to boot. Contact Me and let me help you weigh your options if you want to downsize, upsize, or finally go for that dream house you always wanted. 
i have a great Century 21 app that you can easily search properties and contact me through. Unlike Zillow or other home searching sites, I won't sell your information.
DOWNLOAD:  https://homesforsale.century21.com/app/justin.dupre@century21.com
PORTLAND REAL ESTATE MARKET AS OF JUNE 1, 2020
MARKET STATISTICS - SOLD DATE 05/01/2020 TO 06/01/2020
Search Criteria: Property Category = RESIDENTIAL   County = Multnomah   Status = SLD   Sold Date = 05/01/2020...06/01/2020   City = Portland   Property Type = CONDO, DETACHD

Contact me for a full and/or customized report for your area.
 
MARKET STATISTICS - LISTED DATE 05/01/2020 TO 06/01/2020
Search Criteria: Property Category = RESIDENTIAL   County = Multnomah   Status = SLD   List Date = 05/01/2020...06/01/2020   City = Portland   Property Type = CONDO, DETACHD

Contact me for a full and/or customized report for your area.
One tool that is very helpful is the Altos Report that I have access to. This shows a snapshot at any time for any of these areas and zip codes. Contact Me for a report in your area.

Would you like to know what your home could sell for right now? I am happy to look at market data and current trends to come up with a Comparative Market Analysis that is customized for your home.
Do you have a recipe you have made while you have been at home recently that you would like to share with others? Email Me the recipe and I would be happy to feature it right here in next month's newsletter!
BAKED SALMON
With Lemon Butter Cream Sauce
SALMON:
  • 4 (6 oz | 170 g) skinless salmon fillets
  • 2 tablespoons freshly squeezed lemon juice, divided
  • 1 tablespoon olive oil
  • 1 tablespoon minced garlic
  • 2 tablespoons dry white wine, (optional -- can sub with 2 teaspoons Dijon mustard))
  • Salt, to season
  • Cracked black pepper, to season

CREAM SAUCE:
  • 1/4 cup unsalted butter
  • 2 teaspoons minced garlic
  • 2 tablespoons dry white wine, (can sub with 1 teaspoon Dijon mustard)
  • 1/2 cup cream (heavy, whipping or thickened)
  • 1-2 tablespoons freshly squeezed lemon juice, divided
  • 1 tablespoon fresh chopped parsley, divided
DIRECTIONS:
  1. Heat oven to 425°F (220°C). Lightly grease a baking dish.
  2. Pat the salmon dry with a paper towel. Combine lemon juice, olive oil, garlic and wine together in a small bowl. Rub salmon with the mixture and arrange in baking dish. Season with a good pinch of salt and pepper.
  3. Bake for 10-12 minutes, or until salmon is opaque throughout.
  4. While salmon is baking, melt butter in a small pot over medium heat. Add the garlic and cook until fragrant (30 seconds).
  5. Pour in the wine and let cook for 2-3 minutes until just starting to reduce. Add in cream and cook until sauce thickens slightly.
  6. Take off the heat and stir through lemon juice and parsley.
  7. Pour the sauce over the cooked salmon in the dish to mix through the natural pan juices released from the salmon while baking.
Justin J. DuPré
Licensed Broker in Oregon
CENTURY 21 - Cascade
12901 SE 97th Ave Ste 220
Clackamas, OR 97015
www.justinduprerealty.com
O: 503.652-2260
C: 503.389.3251
justin@justinduprerealty.com
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This is not intended as a solicitation if your property is currently listed with another agent. These materials contain information and articles obtained from third parties. Century 21 - Cascade or it's agent's do not endorse the recommendations of any third party nor guarantee the information provided is complete or correct.