The Beacon Report, which is based on real estate statistics from our local Multiple Listing Service, recently came out with February 2017 figures. This allows some interesting comparisons to last year’s Bend single-family residence sales of 1 acre or less. According to the report, closed sales in Bend for the month of February 2017 increased […]
Nick Nayne, Principal Broker
Principal Broker at The Broker Network Realty in Bend, OR. Over 12 years experience in Real Estate working with buyers, sellers and investment properties.
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More Factors Working Against Millennials Entering the Housing Market
We typically hear that the main obstacles keeping many millennials from entering the housing market are student loan debt, stricter credit standards and escalating rents that make it difficult to save for a down payment. Additionally, the typical cry from the real estate sector is that there’s not enough inventory and that more homes need […]
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New Rent Control Law in Portland: A Lesson for Bend?
Many people lack sympathy for landlords jacking up rents to the max in areas with close to zero vacancy rates. Housing involves real people with real lives, and the current housing environment is not very healthy for affordable home ownership or rental. The argument can be made that home affordability is important because homeowners and […]
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What Does Buying a Home ‘As-Is’ Mean to Buyers?
In recent months, I have noticed more “as-is” sale transactions in which sellers are unwilling to make repairs. I have had two such unexpected experiences in the past month, both with homes on the market for more than seven months. This is a reflection of our current seller’s market. So what does it mean for […]
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Bend Real Estate Statistics for 2016
The Beacon Report, which is based on real estate statistics from our local MLS, recently came out with December 2016 figures which allow some interesting comparisons to last year’s Bend single family residence sales of 1 acre or less. According to the report, closed sales in 2016 increased by about 4 percent over the prior […]
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Tight Credit Woes
As a result of the housing crisis, tighter credit standards have made it difficult for buyers with less than stellar credit to get a mortgage even though many, if not most renters are paying more than they would for a mortgage. This increases the demand for rental housing which contributes to our skyrocketing rents. The […]
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Winter is a Good Time to Sell a Home in Bend
Winter in Central Oregon might not seem like a good time to sell a home given the weather and the holidays, but it is actually much better than it seems. The weather this winter has definitely created challenges for buyers to view properties; when everything is covered in snow it makes it hard to fully […]
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Year in Review for Bend and National Housing
What is happening in the national housing market appears to be very true for Bend as well. According to the Beacon Report for December 2016, based on November MLS statistics, prices for Bend single family homes have increased by about 16 percent for the period of November 2015 to November 2016, but housing inventory has […]
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How the Fed Interest Rate Hike Will Affect the Housing Market
As anticipated, the Federal Reserve voted Dec. 14 to raise the federal funds rate by a quarter point. I thought it would be “fun” to show the effects of interest rate hikes on a $300,000 mortgage with a 30-year term: As you can see, a quarter point difference is not that significant, but a half […]
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Tiny Homes for Retirement
Tiny home living is often considered to be an alternative housing option for younger people—but in actuality, between 30 and 40 percent of tiny home dwellers are age 50 or older. The biggest appeal is cost. According to TheTinyLife.com, the average price to build your own tiny home is $23,000, or have someone build it […]