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
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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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