A ccording to a recently released report by the National Association of Realtors, more than half of all July listings were under contract in less than a month. According to the report, July is the fourth consecutive month that homes have accepted offers in less than one month. Nationally, the median home price for July […]
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Suitcases Full of Cash
Tips for Competing Against Cash Buyers
I n recent years, cash buyers, many of whom are investors looking for rental properties, have made it difficult for first-time homebuyers to purchase homes in the lower price ranges. This is a common scenario for first-time buyers seeking an affordable home in a decent location. In a recent article in Housing Wire, the split […]
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Are Remarks About a New Housing Bubble Founded or Unfounded?
As the housing market continues to recover from the great meltdown, we hear concerns from many people that we are approaching another bubble. According to a recent article in Forbes, 58 percent of the respondents to a survey felt that there will be a housing bubble—and correction—in the next two years. Considering that housing price growth […]
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Real Estate Statistics for July 2017
The Beacon Report, based on real estate statistics from our local MLS, released its report on July 2017 figures, which allow some interesting comparisons to last month’s and 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 July 2017 decreased […]
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The Decline of Cookie Cutter Homes
W hen helping people find a home, I often hear “I don’t want a cookie cutter home.” A cookie cutter home typically refers to a tract-type homes that look pretty much the same from the exterior. Many of these homes were built after World War II when there was high demand and a low supply […]
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A Take on the Housing Group Report
A s reported in the Source’s news story last week, “The Missing Jigsaw Piece,” the Bend 2030 Collaborative Housing Group presented its report to the Bend City Council July 19. The group issued policy recommendations to encourage affordable housing in Bend to households making between 80 and 175 per cent of area median income, defined […]
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Deciding If Tiny Home Living Is For You
The tiny home movement does not seem to be losing any steam, despite the many obstacles including city zoning, health regulations and so on. It’s been a while since I’ve addressed this issue and a recent article that came to my attention had some interesting information to share for those interested in tiny homes. The […]
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June 2017 Real Estate Statistics for Central Oregon
The Beacon Report, based on real estate statistics from our local MLS, released its report of the June 2017 figures which allow some interesting comparisons to last month’s and last year’s Bend single family residence sales of one acre or less. According to the report, closed sales in Bend for the month of June 2017 […]
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Buying a Home Sight Unseen Becoming More Common
The Internet and technology have brought along so many changes from when I was first licensed in 2000. According to a recent survey of agents in 11 major markets, 33 percent of respondents indicated they had made offers on homes sight unseen. This is getting to be more common in tight housing markets, such as […]
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Why The First Offer May Be The Best Price
These days when a home is priced correctly it’s likely that it will sell quickly and that offers will be for full or above the asking price. This often worries sellers who are afraid they have priced their home too low or that they should wait for a higher offer. The reality of the rapid […]