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 […]
Bend Oregon Real Estate
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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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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 […]
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Another Report Ranking Bend-Redmond #1
Bend has once again caught national attention. According to the Milken Institute 2016 Best Performing Cities Report, the Bend-Redmond area was ranked first in the U.S. Best-Performing Small Cities index, up from last year’s ranking at eighth place. The report bases its rankings on nine different indicators, and Bend-Redmond posted gains on seven of 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 […]