Going Green – Imagine…

If everyone in the U.S. said “no thanks” to ATM receipts, it would save a roll of paper so long it could circle the equator fifteen times.

Change light bulbs from traditional incandescent to compact fluorescent. If every American did, it would reduce greenhouse gases equivalent to the emissions of nearly 800,000 cars.

Turn off the car instead of idling when waiting to pick up the kids at school. When a car idles for more than 30 seconds it actually uses more gas and releases more greenhouse pollution into the air then if it were turned off.

If every household in the U.S. replaced just one roll of virgin fiber paper towels (70 sheets) with 100% recycled ones we would save 544,000 trees.

Trade Up – The Opportunity of a Down Market

A buyers’ market is a trading up market. With falling home prices comes a great opportunity for move-up buyers.  Even though your home’s sale price may be lower, the smaller loss at sale can be compensated by greater savings at purchase.  For example, if home prices dropped by 5 percent, here’s what if could look like if you decided to trade up:

Old Home Price    = $200,000
Sell at $190,000=$10,000
Less

New Home Price   = $400,000
Buy at $380,000=$20,000
Savings


Mortgage Rates Plummet Thanks to the Fed!

In Late November, an announcement that the Federal Reserve and US Treasury would purchase up to $600 billion in asset-backed securities sent mortgage rates plunging below 6%.  This is a bold step towards a more stable economy.  Not only will this increase the availability of credit, but it should help support the housing and financial markets as well.  For new buyers and for homeowners looking to refinance, this is great news.  While no official announcement has been made, there is rampant speculation that the Treasury will purchase additional mortgage backed securities to force 30 year fixed rates down to 4.5%.  With interest rates near historic lows, home prices at 2003-2004 levels in many markets, and a tax credit up to $7500 for first-time buyers (anyone who hasn’t owned a home in the last three years) the current real estate market is ripe with opportunity!

Portland Outlook

Projected population growth for the portland metropolitan area is 8.0% by 2013 and the workforce is projected to grow by 6.9%.  The increase alone from the Salem North to Vancouver is expected to exceed 2mill.  That’s 50,000 more families for the Portland Metropolitan area.
Greenlight Greater Portland

Clothes Dryer Efficiency

Proper Loading~Ensure your dryer is not overloaded.  Air needs to circulate easily between the clothes in order for drying to be most effective.

Venting
~Open a window when using the dryer.  A closed up laudry gets very humid and that humid air just gets sucked into the dryer; decreasing its effectiveness.  If your dtyer has an exhaust leading to the outside; ensure that it’s cleaned regularly.

Lint
~A clogged lint filter can extend the drying time (and therefore boost energy use) by a massive 30%!  Additionally, a build up of lint is a fire hazard.

Should You Buy Your Home Now?

Now is a good time to buy before prices climb on the upswing.  Now is a good time for buyers who’ve been on the “sidelines” to take a closer look at what’s available to them now in terms of financing and incentives.

If you buy a home now, you will benefit from the federal housing stimulus and the buyer’s market condition. You can get a great deal, or essentially more house for less money.

Don’t miss the opportunity to take advantage of low interest rates and reasonable home prices. Next year’s housing market may present an entirely different picture. Will you be able to afford the same home next year? If sale prices rise significantly, you might be priced out of the house you really want.

Going Green – Eco Tips

Take a re-useable bag to the mall when you go shopping.

Eucalyptus oil is an all natural product with many uses. Eucalyptus oil can be used  to remove sticker residue from glass, remove paint, grease and ink from clothes, and act as a stainless steel cleaner!

Online shopping saves on fuel and emissions.

Good News for Portland!

It seems as though there’s no stopping the positive media attention our beautiful city is getting this year.  Earlier it was the New York Times and just last month we were named the #1 city for sustainability by Sustain Lane!  Business Week has joined in the love-fest with an article about Destination Realty’s own neighborhood, Alberta Arts, and how it is one of the top 15 urban areas in America where homeowners “will see big returns in coming decades”.  We already knew this, of course, but it’s always worth mentioning again!

Environmentally Friendly Flooring

Floors are the forgotten workhorses in a home. They take a lot of abuse, stand up to wear and tear and withstand a variety of products and cleaning. When it is time to replace or upgrade the floors, stylish and eco-friendly options exist for every room of the house.

The benefits of environmentally friendly flooring are seen throughout the lifetime of these products. Manufacturing processes have less harmful impact, the flooring releases fewer chemicals into your home and they’re durable and beautiful.

When it comes to greening your floors, consider how you use each room and make sure to use the appropriate materials. There are natural choices to match every style and application.

You can make an environmental difference when you’re replacing the floors in your home, your choice of flooring can positively impact the health of your home, your family and the planet.