According to a recent article in Housing Wire, due to soaring home prices, many investors and builders are building to rent. The rise in existing home prices is not making it profitable to fix up and flip properties or rent them. Building to rent is becoming a growing trend and a shift to this trend […]
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Real Estate Statistics for March 2017
The Beacon Report, which is based on real estate statistics from our local Multiple Listing Service (MLS) released its reports of the March 2017 figures, which 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 […]
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Rent Control Coming?
Repealing Oregon’s ban on rent control and restrictions on a landlord’s ability to evict tenants
On March 30, House Bill 2004A passed the Oregon House Committee on Human Services and Housing. The bill’s provisions include the repeal of Oregon’s ban on rent control and restrictions on a landlord’s ability to evict tenants, namely in the case of no-cause evictions. If this bill passes, cities and counties will be allowed to […]
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The “Red Carpet” of a Home
Spring is the time of year when homeowners think about putting their homes on the market. Aside from the usual advice of decluttering and cleaning up the inside of your home, it’s important to remember that the exterior of your home is the first impression buyers get. Now that the snow has melted, it is […]
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Federal Cuts: More Setbacks to Solving the Affordable Housing Crisis
As reported in last week’s article, the affordable $100,000-$350,000 home price range has had the largest demand and greatest inventory declines for the past two years. The latest news out of Washington, D.C., in terms of the proposed HUD budget cuts is not good news for the affordable housing market, which benefits from these programs. […]
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Local Housing Inventory Declines
Putting Pressure on Housing Prices
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 […]
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Don’t Sabotage the Sale of Your Home
A recent article I read addressed the many ways some sellers sabotage the sale of their homes. I have personally encountered a few of these items in my own listings and they very well could have cost the sale of the home and lengthened the time on the market. Most sellers do the right thing, […]
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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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Bend Home Prices Continue Upward Climb in January
The Beacon report, a monthly report based on Multiple Listing Service (MLS) statistics, recently released January 2017 market statistics. The statistics are based on single family homes on lots less than 1 acre and do not include condos or manufactured homes. According to the report, the median price for Bend single family homes continued an […]