A ugust 17, 1994 • T he P ortland O bserver
P age A 6
In u it
b serU er
Boost In Condo Sales
Furnishing Colors Don’t Have To Fade
Those dollars invested in col
orful new furniture may be going
out the w indow fast. That is, if the
windows were installed before ad
vanced glazing techniques were
used.
“ Homeowners usually have
one o f two perceptions about fad
ing fabric,” said DaveCulver, Presi
dent, Pella Window & Door Co. of
Oregon In, a local distributor of
Pella Wood Windows and Doors.
They believe nothing can be done
to prolong resistance to fading, or
all the curtains need to be closed to
eliminate light. Both perceptions
are wrong.”
Sunlight is the cause, but by
controlling how sunlight is let in,
fading can be managed. Culver said
visible light, the only part of the
spectrum we can see, is the most
desirable. The light you can feel as
heat is infrared rays. While infra
red does cause fading over time,
immediate fading problems are
caused by ultraviolet rays which
you can’t see or feel.
Culver said a widely used so
lution to fading is a transparent
glasscoatingcalled Low-E, or low-
emissivity. The coating acts much
like a mirror, reflecting heat and
fading rays away. Because the coat
ing is clear, it allows nearly all
visible light into the home.
New Ultraviolet and Infrared proof windows available for homeowners
-j
Home Buying Fair
Portland Housing Center is ex
cited to be hosting a Home Buying
Fair on Saturday, Aug. 20 at Im
maculate Heart Catholic Church,
2926 N Williams from l-4pm. It is
an excellent opportunity for low and
moderate income people, who are
interested in buying a home instead
of renting, to talk to lenders, non
profit housing providers, and Real
tors. We are especially excited that
the Fair will draw major lenders and
Realtors to the com m unity and
people. Spanish speaking lender rep
resentatives and realtors will be avail
able Activities for children will be
provided. The fairs are very success
ful with over 150 people attending
the home buying activities. We are
looking forward to the same won
derful response from volunteers, and
donations o f food and advertisement
this year.
_________
Dad’s
"Be alert for coatings that tint
the glass gray or brow n,” said Cul
ver. "Quality windows are attractive
features because they bring natural
light into the home. Tints can signifi
window purchases, and is usually
available as an option in other units.
For a free information about
selecting windows and doors for
the home, call 1-800-847-3552.
free o f charge, saving the City of
Portland 4,010,816 gallons of water
each day. “Everyone can take part in
making their home more energy ef
ficient,” says Dick Reiten, President
and C hief Operating Officer of Port
land General Electric. "For every
drop o f hot water saved, energy is
saved as well.”
The Shower Power event will
feature a display of the actual amount
of water saved each second (45 gal
lons) and each minute (2,785 gal
lons) by the program. Water- and
energy-efficient prizes such as an
electric lawnmower, electric wash
ing machine and rubber duckies, w ill
be raffled off by a towel-clad master-
of-ceremon ies. Local artists, design
ers and companies have contributed
"designer” showercaps designed
-----------
exclusively forthe event. The Shower
Power showercap collection will be
shown at City Hall and in other ven
ues after the event.
The participating water bureaus
which helped make Shower Power a
success are: City of Beaverton Water
Projects Division, Burlington Water
District, City of Fairview Water
Bureau, City of Gresham Water Di
vision, City of Hillsboro Utilities
Commission, Lake Grove Water
District, City of Milwaukie Public
W orks, C ity o f N ew berg U tili
ties D epartm ent. Portland W ater
B ureau, Pow ell V alley W ater
D istrict, Rockwood W ater, City
o f Sandy W ater Departm ent, City
o f T ualatin O perations C enter,
and T ualatin Valley W ater Dis
trict.
-------- ----------------------------
//. Francene Crewe
Branch Manager
Sales Representative
Norwest Mortgage, Inc.
825 NE Multnomah
Portland, OR 97211
Office 503-235-1940
FAX 503-235-1948
Pager 503-635-1622
McMurphy's
Appliance Center
UJosher fit D ry e r ’ 1 9 9 “
R anges From $ 129°°
ILW
A-ZEBBA
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rm ls
1=r
Realty Inc.
300 NE Multnomah, Suite #16
Portland, Oregon 97232
G eorge A. H e n d rix
MBA, GRI, Broker
(503) 230-1390 • (Res.) 287-6837
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A c co rd in g to the F ederal
Home Loan M ortgage C orp., the
n atio n al av erag e co m m itm en t
rate for 30-year, conventional,
fixed-rate m ortgages was 8 45
percent for the second q u arter ot
1994, com pared to 7.45 percent
a year ago.
Rises in condo and co-op sales
outpaced sales of existing single
family homes in the second quarter
of 1994 by 5 percentage points com
pared to sales of existing single-fam
ily homes in the second quarter a
year ago. The national median price
for existing condominiums and co
operatives during the second quarter
of 1994 rose 5.3 percent to $87,800,
compared to $83,400 a year ago. The
second-quarter median price was 26
percent below the $110,600 median
price for single-family homes dur
ing the same period.
"The demand in this segment of
the real estate market is very healthy.
There’s no apparent ill effect of
higher m ortgage rates or poor
weather conditions, which dampened
other segments of the housing mar
ket earlier in the year,” noted NAR
Chief Economist John A. Tuccillo.
Singles & Seniors, I can help you!
cantly block out harmless visible light
and hurt that affect.”
Culver said protective glazing
is increasingly available as standard
fare with high quality performance
i million Gallons Water Saved Daily
A joint effort by Portland Gen
eral Electric (PGE) and local water
bureaus has led to the installation of
more than 150,000 water-saving
showerheads in Portland homes, sav
ing both water and energy. To com
memorate the success of the residen
tial showerhead program and to thank
the public for their participation, an
event called Shower Power will be
held in Pioneer Square, Wednesday,
Aug. 17(12 noon to 1pm).
The showerhead installation
campaign represents PGE’s ongo
ing effort to educate the public about
the importance ofenergy-efficiency.
Since February o f 1993, more than
150,000 showerheads and other wa
ter-saving devices have been installed
Sales ofexisting condominiums
and co-operatives rose a healthy 18.2
percent to a seasonally adjusted an
nual rate o f 436,000 units in 1994 s
second quarter compared to the same
quarter last year, the National Asso
ciation of Realtors reported.
Sales o f existing condos and co
ops rose by double digits in all re
gions across the nation between the
second quarter of 1994 and the same
period a year ago. The strongest in
creases were posted in the Northeast
and South.
Robust sales and unusually high
appreciation rates indicate a market
supported by a strong demand from
retirees and first-time buyers, who
are clearly not discouraged by rising
mortgage interest rates, according to
NAR President Robert H. Elrod.
"While first-time buyers have
always been a strong factor in the
condo and co-op market, an unusu
ally strong appreciat ion ofthese types
of properties across the board indi
cate a market flooded by retirees
who are choosing to move out of
their present homes and into the
higher-priced end o f the condo mar
ket,” Elrod explained.
» »
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