After May’s real estate report, we’re starting to see some forward progress!
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Forward Progress and Upward Trends after May’s Real Estate Reports
Who is ready for some good news?
Bend Real Estate
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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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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 […]
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Fannie Mae Initiative for Affordable Multifamily Housing
Fannie Mae has recently announced its Healthy Housing Rewards Initiative. The program is meant to provide incentives to builders of multifamily rental housing that incorporate healthy design features. This will apply to new construction as well as rehabilitated affordable multifamily rental properties. The target market is properties where at least 60 percent of the tenants […]
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Why Aren’t There More Starter Level Homes Built?
While we are feeling the effects of the national entry level housing shortage in Bend, we aren’t seeing builders jumping onboard in big numbers to build starter level homes. The demand is definitely there for smaller, starter-type homes, as evidenced by local sales statistics of homes priced $300,000 and under. Millennials and renters desire to […]