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Women are working more, earning more and buying more than they ever did. Consequently, they have a significant influence on the American economy in general, and the real estate industry in particular.

The collective buying power of US women accounts for about 85 % of all consumer purchases. When it comes to purchasing patterns, women are estimated to make 94 % of home furnishings decisions, 91 % of new homes purchase decisions, and 89 % of travel decisions.

Women’s earnings have accelerated over the last few years and they have emerged as the Chief Purchasing Officers in their households. According to IRS data, women constitute 39 % of the top wealth holders in the country. This means about 2.5 million women possess a wealth of $4.2 trillion put together. Notably, the IRS estimates that by 2050, 42 % of these women will be single or widowed. The IRS further estimates that more wealth is bound to be accumulated among women.

Another growing trend that emerged in a December 2006 study by the National Association of Realtors (NAR) was that about 22 % of homes purchased between July 2005 and June 2006 were by single women who were in the 25 to 34 age range. Women accounted for a record number of 1.76 million home purchases (1 in every 5 homes), a significant increase from 14 % a decade ago. Women’s growing success in their careers, higher education, financial independence and a desire to build an early nest on their own, are some of the reasons that have spearheaded this home buying trend.

Among the vast demographic spectrum in the real estate industry, women have become a force to reckon with. Real estate agents are increasingly taking note of their female clients and the power they wield in home buying decisions. By the influence that they bring into play in home buying decisions, women form a significant and growing market that simply cannot be ignored.

If you are considering buying a home, condo, or any other real estate, be sure to seek out the services of a local real estate agent to guide you through this complex process.

Considerations for finding and buying land for a new home are mind boggling.  That’s why 80% of the people wanting to build a new home, buy from a developer or builder.  But if you have adventure in your heart, let’s do it.

 

First, think about proximity to the elements of your life that you need to reach (job, family, etc.).  If you’re ending up in an urban area, the land will be more expensive and have more zoning restrictions than a piece in a rural area.

 

Then look into the local zoning to be sure you can build a house without needing to get a variance.  You realtor should have that information.  Once you have your architect in place, he/she will be able to get the other town requirements, which will be reflected on the drawings.  But there are a few other things you might want to check out on your own.

 

The local building department should be able to tell you about any intended development that might have an impact on your desired lot.  Any nearby residential developments in the planning stages; shopping centers; enlarging roads for added traffic?  I would ask the realtor these questions as well, but you’re more likely to get accurate information at the building department.

 

Next, how much land do you want?  Wooded lot or open? Flat or sloping?  Do you want a view?  Maybe watch the sunsets?  Think about the position of the house on the land. 

 

Then check out the location of the closest utility pole. Bringing electricity and telephone lines long distances can become very expensive.

 

Always WALK the lot – at least around the perimeter.  It’s the only way to make sure you don’t have wetlands, excessive grades, or other natural impediments to your intended construction.  These issues will diminish the value of the property.  Don’t overpay.  Comparison shop, like you would for a pair of shoes.

 

Are the people in the local town friendly?  Ask about any history about the area.  Find out what the local taxes are like.  Go around with realtors and see what’s available.  Buy a local newspaper and check comparable prices.  I almost forgot – the internet will probably have some good information you can use.  You might also get some information about what your house will be worth once it’s built.

 

Next, what’s nearby?  Parks, streams, a lake, an ocean, shopping, a library, transportation, a hospital, museums, – anything that might have an impact on your decision to buy.  Transportation usually has a positive impact on the value of any land within walking distance. 

 

If you’re not in a hurry, see the property during various seasons.  It could look very different.  These issues will help you organize your thoughts and prioritize your choices BEFORE buying land.

 

The Pacific Northwest — specifically Portland, Oregon — is renowned for pairing the convenience and luxury of urban life with the unmatched beauty of nearby parks and wilderness. Portland seems to be bursting with city parks, and Portland residents take great advantage of having a number of green areas right in their own backyards. The Forest Heights neighborhood of Portland is perhaps the best example of this combination; homeowners are treated to spacious and beautiful lots in the heart of a breathtaking natural setting. And the welcoming surroundings aren’t the only reason to consider relocating to Forest Heights. Top notch schools, clean streets and parks, and a bustling market center are just a few reasons why Forest Heights may be the perfect neighborhood for you.

It may be an old real estate axiom, but it still rings true; location, location, location. Nestled in the gorgeous, rolling West Hills of Portland, Forest Heights gives homeowners acres of pristine residential and forest areas to explore and enjoy. The neighborhood is conveniently located to the darling Northwest 23rd Street district, minutes from Downtown and a quick commute to the outlying Beaverton and Hillsboro areas. The natural beauty of the West Hills accents the diverse array of architectural types available to Forest Height homeowners. Unlike many cookie-cutter residential communities, Forest Height architects and designers make sure the mix of house styles is not only varied but aesthetically complimentary to the rest of the neighborhood. Classic Northwest-, Colonial- and Mediterranean-influenced houses mix to create as attractive a planned community as can be found in the Portland/Metro area.

Location may be important but it certainly isn’t everything. Luckily for homeowners, Forest Heights provides many opportunities for active residents to get involved in their community. Indeed, many Forest Height residents are responsible for helping maintain the charm and individuality of their own neighborhood. Apart from the beautiful parks, trails and old-fashioned streets, Forest Heights residents are also invited to participate in and attend special events as a way to build a greater sense of community and safety in the neighborhood.

Of course, a neighborhood is only as charming as its local merchants, and Forest Heights happens to have one of the most pleasant and convenient merchant centers in the area. The Forest Heights Village Center started in 2005 and boasts a broad spectrum of shops and services. Looking for a relaxing way to spend a Saturday afternoon? Treat yourself to a few hours of massage and beautification at DentSpa before checking out the fine hand-crafted needlepoint designs of In Stitches. Running errands between business meetings? Get those copies done at Postal Annex while shooting down some espresso from the nearby Starbucks. Or perhaps you’re looking for a fun or romantic night out with a loved one? Fill up at Pizzicato Gourmet Pizza and then try to squeeze in a little dessert at Sweet Ambrosia Bakery. Each business in the Village Center is on a five-year lease, meaning you won’t lose your favorite hairstylist or barista soon after settling in to your new neighborhood. And the Forest Heights Village Center also offers several special events throughout the year, such as holiday celebrations and summer music concerts. The Village Center offers such a dizzying array of shops and events, it’s amazing Forest Heights residents ever make it back to their homes.

For those home owners in the process of or planning to raise a family, Forest Park Elementary School allows children to get a solid education in the comfort of their own community. Forest Heights is also conveniently located to a number of Portland’s best public schools, and the Forest Heights bus service makes sure students get to their classes safe and on time.

Portland is quickly becoming one of the Pacific Northwest’s premiere relocation destinations, and with communities such as Forest Heights it is easy to see why. The jaw-dropping landscape, convenient location, community involvement, education options and merchant center provide residents with virtually everything they might need. Small-town simplicity is combined with urban eccentricities into one fun, safe and attractive community. If you’re looking into relocating to the Pacific Northwest, make sure to consider Forest Heights; it may be the best Portland’s West Hills have to offer.

~Ben Anton, 2008