Existing homes often include attractions such as larger lots and privacy, more character, mature trees and landscaping, proximity to downtown and restaurants and entertainment, an established neighborhood—often with long term residents—and a greater sense of community. This is true of Bend as well, as shown in the preference of many to try to find housing […]
nick nayne
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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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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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Hemp Homes?
Hempcrete is used primarily as an insulating material
According to a recent New York Times article, the legalization of cannabis in many areas is leading to increased consideration of hemp as a building material. Hemp has been used in structures going back to ancient times, and now there are homes being built with Hempcrete— a mixture of the woody fibers of the hemp […]
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Housing State of the Union
Strong demand for homes and low inventory levels continue in Central Oregon
Ahead of the presidential State of the Union Address, The National Association of Realtors released its own Housing State of the Union Report. On a national level, housing prices have continued to rise. Central Oregon is experiencing the same issues as most of the country: strong demand for homes—particularly starter-level homes—and low inventory levels and […]
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Multi-Generational Living
The New Frontier of American Life?
During the recent Great Recession, many millennials found themselves moving back to their parents’ homes or delaying moving out. While housing affordability has been a strong influence on the increase in multi-generational living, this more traditional lifestyle is being embraced by more Americans and is also influencing new housing design. According to Pew Research Center […]
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Investing in Affordable Housing for Workers
In Bend, like in many other areas, employers are having trouble recruiting employees due to the high cost of housing. I’ve heard many stories of Central Oregon employers not being able to hire workers because the prospects decline their job offers once they try looking for a place to live. We’re not talking about low […]