• CMFM in August
• Bee-Licious Honey Store has grown!
• August Real Estate update
• What your kids need to know about before leaving the nest

CMFM in August

Saturdays, 9-2 pm, corner of NW Cornell & Murray Roads

This is my favorite month at the Cedar Mill Farmers Market! Sun is shining and we are in the middle of all of the summer goodness! The rainbow of fresh fruits and vegetables are both bountiful & beautiful.

Each week we engage kid visitors with an activity that supports “the Power of Produce” using games, crafts and other activities. After completing the activity of the day, each participant is given 2 tokens ($2 total) to purchase their own fresh fruit or vegetable.

Bee-Licious Honey Store has grown!

1780 NW 113th Ave

As passionate beekeepers and stewards of pollinators, we believe honey is truly nature’s golden gift. With years of experience and dedication, we carefully source the finest honey varietals from trusted beekeepers around the world. Every jar reflects our commitment to quality and the smooth, rich flavors that make our honey a staple in any kitchen. Our varieties include Himalayan Mad Honey, Turkish Mad Honey, Italian, Spanish, Tanzanian, and more. You can find us at our store in Cedar Mill, or visit us online at Bee-Licious Honey.

New hours for Second Edition

Monday-Thursday: 10 am-5 pm; Friday-Saturday: 10 am-4 pm (unchanged); Sunday: Noon-4 pm, (unchanged), east end of the Cedar Mill Library

New extended hours at Second Edition Resale! You spoke and we listened. You told us that you wanted more time to shop with us after school and work, so we have extended our hours to 5 pm Mondays through Thursdays. This provides a more relaxed late-afternoon shopping experience, with all the same great merchandise and helpful staff. We restock our shelves, racks and displays all day long so you will have a full selection no matter what time you come in!

Score hot deals while staying cool in your favorite resale shop! Upcoming Themes: July 21-August 10: Tropical; August 11-24: Back to school; August 26-September 7: Western.

All proceeds from your purchases made at Second Edition Resale support Cedar Mill and Bethany Community Libraries. Donations accepted during business hours. Learn more at library.cedarmill.org/second-edition-resale. Follow @SecondEditionResale on Facebook or Instagram to see the newest items and keep up with promotions and sales.

August Real Estate update

By Jan Dempsey, Realtor, Windermere Realty Group

Inventory in Portland continues to rise, with levels now higher than those of any of the past three years at this time of year and an overall trend of growth since 2021, marking the third consecutive month of rising inventory, suggesting that supply is starting to outpace demand. Since we are in a busy buying season, the higher inventory is a sign of an overall softening in terms of buying compared to the same period last year. It is also a sign that the rest of the year favors buyers. As more homes stay on the market longer and the regular trend of inventory increasing into October, sellers will likely need to compete more aggressively to attract attention.

Price reductions have continued to rise steadily over the past three months, reaching 44.15% of listings at the latest update. This is the highest early summer reduction since 2021, and notably higher than last year. The pattern confirms that, overall, sellers are having to adjust their pricing more frequently to attract offers, this year in particular due to the higher inventory levels. This blend of elevated inventory and cooling buyer urgency suggests that the market will be a benefit for buyers, with sellers needing to remain responsive to avoid prolonged market time. The rising inventory and increase in price reductions suggest that fewer listings are going under contract quickly. Unless there’s a significant shift in interest rates or buyer motivation, we may see both new listings and pendings flatten out or decline further as summer progresses.

With inventory remaining high and buyer traffic softening slightly, sellers should prepare for longer market times and consider pricing competitively to attract attention. The recent rise in price reductions reflects a more cautious buyer pool, and sellers who adjust early may fare better than those who hold out. The increase in reductions suggests that strategic pricing is essential. For buyers, the market offers stronger negotiating power than we’ve seen in past summers. With inventory up and homes staying on the market longer, there’s more time to explore options and less pressure to rush.

This time of year presents the best opportunities for finding homes but overall, 2025 is shaping up to be a buyer’s market. If interest rates fall this summer, we may see a quick rebound in buyer activity, leading to fewer price reductions. Looking ahead, we expect buyer-favorable conditions to continue into July and beyond. This year’s unusual trend, where March outperformed April in seller activity, has historically signaled a softer trajectory for the rest of the year, and this is proving to be true.

If you’re ready to take advantage of the current market’s opportunity, call, text, or email me today! With almost 40 years as a realtor, I have vast experience helping buyers and sellers with volatile markets. It would be my pleasure to meet with you, to learn your plans, and to help you navigate this transitional period. This is a very complicated real estate market; I would love to help you understand it. Contact me at jdempsey@windermere.com or call 503-706-6358.

What your kids need to know about before leaving the nest

While it might seem like a while before your kids leave the nest, it’s important that they gain financial knowledge so handling money matters when they’re on their own doesn’t leave them feeling helpless. Here are four money topics every teen should learn about before venturing out on their own.

Money management: The first step is to think about what they want or need and how much it’s going to cost. Have them write down their goals and estimate the amount of money it will take for each. Next, have them create a budget by looking at their income and their expenses. In simple terms, a budget is adding up all the money they receive in a month and subtracting all the expenses they have. Any leftover money is their “disposable” income—money they can spend freely. However, remind them: do not spend more than they make!

Buying a car: Buying a car can be one of the biggest purchases they’ll make and one of the most confusing. First, they’ll need to figure out how much they can really afford. Remind your teen they not only need to consider the monthly payment (if they have a loan), but also the cost of insurance, maintenance, gas, and parking fees. When they go shopping for a vehicle, don’t be fooled by advertised monthly payments. Getting pre-approved for their loan (like at Sunset Credit Union) before they go shopping will keep them within budget and will give them confidence when they’re making a deal.

Checking and savings accounts: These are the bread and butter of their financial life. Having a savings account is a critical method for saving for emergencies or for planning large purchases. Tell them to get in the habit of putting money into their savings account from every paycheck. A checking account will allow them to pay their bills quickly and easily, but they require more attention than a savings account.

Remind them that it’s important to be careful with their checks and ATM or debit cards. These convenience tools are like cash. If someone gets hold of them, they can take money straight out of your teen’s account. Using online banking and mobile apps are great ways to track your spending and watch for fraudulent charges.

Credit cards: Credit cards are a valuable financial tool if they’re used responsibly. Credit cards can allow your teen to build a positive credit history and that can help them rent an apartment or buy a car. If they abuse or misuse their credit card, they may feel the effects of it for many years. The best rule of thumb is to use their credit card but pay it off every month so they don’t accrue interest payments. Visit our website and click on the i$ave account for more valuable information to help your teens get ready for adulthood.

Sunset Credit Union is a full service, not-for-profit financial institution serving anyone who lives, works, worships or attends school in Washington County.