Issues Currently Impacting Real Estate | Take Me Home | Bend | The Source Weekly - Bend, Oregon
The Source Weekly’s reporting is made possible by the power of your support. Be a part of it!
Pin It

Issues Currently Impacting Real Estate 

  • Pexels

A recent report issued by the Counselors of Real Estate listing issues impacting the national real estate market is very similar to the issues facing our local market.

Among the issues:

Rising interest rates and the economy: Rising interest rates impact home affordability, particularly with income-sensitive, first-time buyers.

Politics and political uncertainty: The upcoming midterm elections will determine whether current policies will be maintained.

Affordability: Low supplies of affordable homes, wage stagnation, gentrification and low amounts of new building activity are listed as contributing factors to the affordability problem.

Generational change and demographics: In contrast to the past 50 years, multiple generations are influencing real estate.

Infrastructure: Recently, the American Society of Civil Engineers gave our national infrastructure a D+ rating. People often comment how new development here in Bend is often hampered by lack of infrastructure. This is not just utilities and sewers, but also Internet connectivity; some areas still have only dial-up speeds through phone companies.

These national issues are clearly concerns at our local level, and various groups have voiced them. And hopefully, the national scope of the issue will bring solutions that can also work at the local levels.

About The Author

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.
Pin It


Subscribe to this thread:

Add a comment

Readers also liked…

  • Pricing Your Home to Sell

    Pricing Your Home to Sell

    How to get it right in a challenging market
    • Jun 8, 2022
Today | Wed | Thu | Fri | Sat | Sun | Mon
Coyote Willow @ Crosscut - Warming Hut No. 5

Coyote Willow @ Crosscut - Warming Hut No. 5 - Crosscut Warming Hut No 5

Wed., June 29, 6-8 p.m.
Submitting an event is free and easy.

Newsletter Signup

Get Central Oregon daily news
directly in your inbox

Get Social

Latest in Take Me Home

More by Nick Nayne, Principal Broker

Want to advertise with us?

For info on print and digital advertising, >> Click Here

© 2022 LAY IT OUT INC | 704 NW GEORGIA AVE, BEND, OREGON 97703  |   Privacy Policy

Website powered by Foundation