As home prices continue to climb ahead of wage growth, many future homebuyers in Bend are unable to buy in Bend and are increasingly looking to Redmond and other nearby areas where prices are lower. I have been showing clients property in Redmond recently and am amazed at all of the new development taking place. […]
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Bend Median Home Price Increases for March
According to real estate statistics released this week in The Beacon Report, which is based on Central Oregon real estate statistics from our local MLS, the Bend median home sales price increased from $410,000 in February 2018 to $424,000 in March 2018 for sales of single family residences of 1 acre or less. The Bend […]
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Age Demographics Will Open Up Housing Supply
Based on a report from ATTOM Data Solutions, the aging of the American population will have a positive impact on the housing crisis. The report estimates that within the next decade, 38 percent of the U.S. population, or 66 million people, will be over the age of 65. Additionally, 25.8 million new households will be […]
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3-D Printer Homes
A printer home sounds like something crazy, but also impressive. ICON has developed a technology using the Vulcan printer that can print a 650-square-foot house in 12 to 24 hours. Currently it costs about $10,000, and they’re working on bringing the cost down to $4,000. These are nice looking homes made of cement and therefore very […]
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Inflation Is Increasing and Making Home Ownership More Expensive
As was expected, the Federal Reserve decided to raise interest rates by a quarter of a percentage point last week. This puts the federal funds rate at its highest level since 2008. This could mean higher interest rates on bonds and mortgages and lower returns on real estate investment. Because mortgage interest rates typically follow […]
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Bend Median Home Price Unchanged from January to February
According to real estate statistics released this week in The Beacon Report, which is based on Central Oregon real estate statistics of single family residence sales of 1 acre or less, the Bend median sales price remained unchanged at $410,000 from January to February 2018, but still up from $354,000 in February 2017. Inventory remains […]
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“Backdoor Revolution”
Author to teach ADU strategies class in Bend
According to an article in Realtor Magazine, a recent study by the National Association of Home Builders found 53 percent of those surveyed said they would consider the possibility of buying a small home. According to the report, more than half of millennials and Generation X members are open to the idea of living in […]
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Community Land Trusts to Help Housing Affordability
As a realtor, I regularly come across literature about home unaffordability due to rising prices and inventory shortages. A big component of the problem is the rising price of land and the type of home a builder needs to build in order to make a living off of a project. As is the case with tiny homes, […]
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The Backdoor Revolution: The Book
As last week’s feature story in the Source highlighted, many people in Bend are adding accessory dwelling units to their properties. The process typically involves the addition of a new structure, conversion of a basement to an apartment, converting a garage into living space or adding living space on top of an existing garage. Housing […]
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Prices Up, Inventory Tight
Median prices in Bend rose to $410,000 in December, 2017
The Beacon Report, based on Central Oregon real estate statistics from our local Multiple Listing Service, recently released its report of the January 2018 figures on single family residence sales of 1 acre or less. According to the report, the Bend median price increased to $410,000, up from $395,000 in December 2017, and up 11 […]