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 […]
Real Estate News
Posted inNews
Tackling a Piece of the Housing Crisis
Oregon House Democrats vote in favor of a bill limiting no-cause evictions and allowing rent control
Central Oregon’s Republican delegation remains opposed Oregon Democrats and Republicans agree on something: there is a housing crisis in the state. They don’t agree, however, on how best to solve it. That isn’t necessarily good news for the more than 500,000 Oregonians who rent their homes. For these individuals, the housing crisis is something all […]
Posted inNews
Real Estate Statistics for April 2017
The Beacon Report, based on real estate statistics from our local MLS, released its report of the April 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 April 2017 increased by 50 transactions […]
Posted inNews
Will a Baby Boomer Sell-Off Cause the Next Housing Crisis?
There have been several recent articles in industry literature on the possibility of our next housing crisis occurring as baby boomers sell off their homes en masse. Other literature sees this as a good thing, saying that this will open up the starter home inventory for millennial buyers. A recent report from the Harvard Joint […]
Posted inNews
Build to Rent Trend
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 […]
Posted inNews
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 […]
Posted inNews
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 […]
Posted inNews
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 […]
Posted inNews
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 […]
Posted inNews
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 […]