Archive for May, 2013

Real Estate Reads – 5/31/13

thanks for the great information

Behind The Close

Some news concerning the world of real estate:

• Rising mortgage rates causes concern
 HUD grants millions to rebuild neighborhoods

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Oregon Business Activity For The Week Ending May, 24th


• The Blue Agate Café opened in Oceanside. Headlight-Herald, 5/15/2013


• Buffalo Wild Wings Grill & Bar will open in Medford later this year. Mail Tribune, 5/22/2013

• Paradise Rogue River Nursery opened in Grants Pass. Grants Pass Daily Courier, 5/19/2013

• Regence BlueCross BlueShield will lay off 56 employees across four states, including 14 in Medford. Another 30 employees will see their jobs eliminated in coming months. Mail Tribune, 5/16/2013

• The Pub, a bar, will open in Medford. KDRV, 5/15/2013


• Blue Burro Imports opened in Sisters. It offers hand-made items from Guatemala. The Nugget Newspaper, 5/21/2013

• Naked Winery will open a tasting room in Bend. Cascade Business News, 5/16/2013

• Coats Jackson Financial Group, offering New York Life Insurance products and other insurance and investment products, opened in The Dalles. The Dalles Chronicle, 5/15/2013

• Cellular Connection, the largest Verizon premium wireless retailer in the U.S., opened a store in The Dalles. The Dalles Chronicle, 5/15/2013

• Bob Stone Freeway Autocenter in Hood River will close. Hood River News, 5/14/2013

• Northern Oregon Endodontics opened in Hood River. Hood River News, 5/14/2013

• Indian Creek Family Eye Care opened in Hood River. Hood River News, 5/14/2013

• FORCE Laboratory, a biomechanics lab, will open in Bend. It will provide orthopedic research into sports injuries. Cascade Business News, 5/9/2013


• A second US Cellular store opened in Pendleton. East Oregonian, 5/17/2013

• Eastern Oregon University in La Grande instituted a hiring freeze for the remainder of the 2012-13 school year, and plans are being made for administrative staff to take furlough days in 2013-14. The Observer, 4/24/2013


• Bistro Marquee, a restaurant and bar, will open in downtown Portland. Portland Business Journal, 5/17/2013

• Nebbiolo opened in Oregon City. It features a wine bar, gourmet specialties and wine market, European-style deli, and a bistro. Clackamas Review, 5/15/2013

• Orenco Taphouse will open at Orenco Station in Hillsboro. It will offer 20 rotating taps of craft beer. The Oregonian, 5/15/2013

• Moonstruck Chocolate Co. will close its Lake Oswego café. Portland Business Journal, 5/8/2013

• Bridge & Burn, a men’s and women’s clothing store, opened in downtown Portland. Neighborhood Notes, 5/7/2013

• LexiDog Boutique & Social Club, a doggie day care and grooming business, opened in southeast Portland. Neighborhood Notes, 5/7/2013

• Nossa Familia Espresso Bar opened in Portland’s Pearl District. Neighborhood Notes, 5/7/2013

• PlaTform by Sloan Boutique, a shoe store, opened in northwest Portland. Neighborhood Notes, 5/7/2013

• Got Sleep? By Sleep Train, a mattress store, will open at the Westfield Vancouver mall. The Oregonian, 4/30/2013

• Tilt, a burger joint, will open a second Portland location in the Pearl District in August. The Oregonian, 4/22/2013


• B2 Taphouse will open in south Salem. It will offer 30 craft beer and cider selections. Statesman Journal, 5/15/2013

• Your Taco Express opened in northeast Salem. Statesman Journal, 5/15/2013

• West Coast Pizza Company opened in Monmouth. Polk County Itemizer-Observer, 5/14/2013

• Hole in the Wall Barbecue will open a third Eugene area location at Valley River Center’s food court. It will employ 12 people. The Register-Guard, 5/11/2013

• Back in the Day Bakery and Café opened in Springfield. The Register-Guard, 5/5/2013

Team Pendley
with RE/MAX Integrity
We Go The Extra Mile, It’s Less Crowded!

Pat Pendley, Principal Broker
(541) 990-2530

Christie Pendley, Broker
Certified Distressed Property Expert
(541) 619-3640

Doug Hall, Broker
(541) 979-0571

**Pat Pendley, Christie Pendley ,and Doug Hall, are licensed Real Estate Brokers in the State of Oregon with RE/MAX Integrity

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Pat Pendley’s Get To Know Oregon Blog Volume #18 Wallowa Lake

This week, we travel to northeast Oregon’s “Swiss Alps” and Wallowa Lake State Park.

Wallowa Lake State Park is at the southern edge of Wallowa Lake near Joseph, Oregon. State Park Manager, Todd Honeywell, said that visitors will find plenty of recreation in a year round campground that offers more than 200 sites for tent or trailer. Wallowa Lake State Park’s boat launch is free for anyone to use and have courtesy docks are available for boats as well. In addition, there is no day use fee so you’re free to come in, sit on the beach, enjoy it or go fishing.

That’s not all – a recent addition to the parkland scene is newest site at the north end of the lake and is a 62-acre parcel of protection. The Iwetemlaykin State Heritage Site is a rolling grassland set amidst stunning backdrop of the Wallowa Mountains. Pronounced Ee-weh-TEMM-lye-kinn, the name translates to “at the edge of the lake.” The property is adjacent to a Nez Perce National Historical Park, site of Old Chief Joseph Gravesite and Cemetery.

OPRD Park Ranger, Madeline Lau, said that the area is the ancestral homeland of the Joseph band of the Nez Perce tribe. It is a sacred place to the native peoples who helped secure its protection in partnership with Oregon State Parks.

Nearby, another historic structure is worth your time for a visit: Wallowa Lake Lodge – the oldest private hotel at the lake that dates to 1923. Like the nearby state park, the lodge is a convenient walking distance to varied activities that the entire family will enjoy.

Perhaps you will try something different too! It is a unique ride that offers a bird’s eye view when you go aboard the Wallowa Lake Tramway to the top of Mt Howard. Rising 690 feet per minute, the tram ride is a thirteen and a half minute ride to the top. It climbs about 3700 feet to reach 8150 feet at the top. You’ll want to make time to explore the 2-mile hiking loop atop Mt Howard where there’s plenty of space to spend plenty of time and gain a peek into Oregon’s largest wilderness area. The tramway will take your breath away with mountain peaks that have inspirational names like Matterhorn, Eagle Cap and Ruby. Few places in Oregon allow you to stand shoulder to shoulder with a mountain range and vast wilderness area. It is the sort of place that makes you feel small!

The Eagle Cap Wilderness with bare granite peaks and forested ridges and u-shaped glaciated valleys characterize this enormous wilderness area of nearly half a million acres. All of it is accessible to visitors who willing to take the time and explore a corner of Oregon full of wonder and surprise.

Courtesy of
Travel Oregon

Team Pendley
with RE/MAX Integrity
We Go The Extra Mile, It’s Less Crowded!

Pat Pendley, Principal Broker
(541) 990-2530

Christie Pendley, Broker
Certified Distressed Property Expert
(541) 619-3640

Doug Hall, Broker
(541) 979-0571

**Pat Pendley, Christie Pendley ,and Doug Hall, are licensed Real Estate Brokers in the State of Oregon with RE/MAX Integrity

Check out our Blogs




“What it takes to buy your dream home”

Nice article


The Dream

It all starts at the minute you have a dream to own a home.
No doubt, home ownership is not for everyone. There may be cases or moments in your life when renting could be a better option for any one of various reasons.
But once you have the seed in your mind, it all starts to sprout.

This is time to make a reality check.

So the next step is to find out what your financial and economic situation is and how soon you can make that dream a reality.

Many times it helps to consult with a financial adviser. This expert can help you figure out not only how and when you can buy a home but also he/she can give you great advice about how you can do it in a financially healthy way for you and your family.

The Goal

How much house can I…

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The History Of Memorial Day


Memorial Day, originally called Decoration Day, is a day of remembrance for those who have died in our nation’s service. There are many stories as to its actual beginnings, with over two dozen cities and towns laying claim to being the birthplace of Memorial Day. There is also evidence that organized women’s groups in the South were decorating graves before the end of the Civil War: a hymn published in 1867, “Kneel Where Our Loves are Sleeping” by Nella L. Sweet carried the dedication “To The Ladies of the South who are Decorating the Graves of the Confederate Dead” (Source: Duke University’s Historic American Sheet Music, 1850-1920).

While Waterloo N.Y. was officially declared the birthplace of Memorial Day by President Lyndon Johnson in May 1966, it’s difficult to prove conclusively the origins of the day. It is more likely that it had many separate beginnings; each of those towns and every planned or spontaneous gathering of people to honor the war dead in the 1860’s tapped into the general human need to honor our dead, each contributed honorably to the growing movement that culminated in Gen Logan giving his official proclamation in 1868. It is not important who was the very first, what is important is that Memorial Day was established. Memorial Day is not about division. It is about reconciliation; it is about coming together to honor those who gave their all.

Memorial Day was officially proclaimed on 5 May 1868 by General John Logan, national commander of the Grand Army of the Republic, in his General Order No. 11, and was first observed on 30 May 1868, when flowers were placed on the graves of Union and Confederate soldiers at Arlington National Cemetery. The first state to officially recognize the holiday was New York in 1873. By 1890 it was recognized by all of the northern states. The South refused to acknowledge the day, honoring their dead on separate days until after World War I (when the holiday changed from honoring just those who died fighting in the Civil War to honoring Americans who died fighting in any war).

It is now celebrated in almost every State on the last Monday in May (passed by Congress with the National Holiday Act of 1971 (P.L. 90 – 363) to ensure a three day weekend for Federal holidays), though several southern states have an additional separate day for honoring the Confederate war dead: January 19 in Texas, April 26 in Alabama, Florida, Georgia, and Mississippi; May 10 in South Carolina; and June 3 (Jefferson Davis’ birthday) in Louisiana and Tennessee.

In 1915, inspired by the poem “In Flanders Fields,” Moina Michael replied with her own poem:

We cherish too, the Poppy red
That grows on fields where valor led,
It seems to signal to the skies
That blood of heroes never dies.

She then conceived of an idea to wear red poppies on Memorial day in honor of those who died serving the nation during war. She was the first to wear one, and sold poppies to her friends and co-workers with the money going to benefit servicemen in need. Later a Madam Guerin from France was visiting the United States and learned of this new custom started by Ms.Michael and when she returned to France, made artificial red poppies to raise money for war orphaned children and widowed women. This tradition spread to other countries.

In 1921, the Franco-American Children’s League sold poppies nationally to benefit war orphans of France and Belgium. The League disbanded a year later and Madam Guerin approached the VFW for help. Shortly before Memorial Day in 1922 the VFW became the first veterans’ organization to nationally sell poppies. Two years later their “Buddy” Poppy program was selling artificial poppies made by disabled veterans. In 1948 the US Post Office honored Ms Michael for her role in founding the National Poppy movement by issuing a red 3 cent postage stamp with her likeness on it.
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How to Avoid Home Buyer’s Remorse in Real Estate

RE/MAX Rewards

Ever bought something special and later realized you didn’t really need it or like it after all? It might be something as small as a new handbag or as big as an over-the-top power tool. Usually, returning it is as simple as boxing it back up, locating the receipt, and taking it back to the store for a full refund.

But unlike store merchandise or a car, you can’t ‘try before you buy’ a home, which makes your decision to buy or not buy even more stressful. Not only is a home the largest investment you’ll probably ever make, it’s also where you’ll lay your head at night, spend years of your life, and make memories.

We’ve entered a busier real estate market, with competitive bidding and limited inventory. In the hype of the hot new listing, and knowing there are other buyers zeroing in on the same property, you might feel compelled to go the extra…

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Report: High Sold-to-List Price Ratio Confirms Bidding War Activity 05/21/2013

Oh yes!

San Diego At Home

Last year, some analysts were speculating the large supply of REOs and shadow inventory would keep the market depressed, but instead, the market is dealing with a lack of inventory available for sale, ProTeck Valuation Services noted in its May Home Value Forecast (HVF).

“[I]n reality the shortage of housing inventory has led buyers to bid more competitively against one another leading to significant home price increases and tighter housing conditions,” said Tom O’Grady, CEO of Pro Teck. “Aside from anecdotal stories, Home Value Forecast shows that one of the most reliable leading indicators to support this theory is the Sold-To- List Price ratio.”

According to the report authors, the sold-to-list price ratio tends to land somewhere in the range of 92 and 98 percent, but in high demand markets, the ratio can exceed 100 percent.

For example, in the San Francisco Bay area, nearly all ZIP codes showed sold-to-list-price-ratios close to or above…

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