As last week’s feature story in the Source highlighted, many people in Bend are adding accessory dwelling units to their properties. The process typically involves the addition of a new structure, conversion of a basement to an apartment, converting a garage into living space or adding living space on top of an existing garage. Housing […]
Real Estate
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The New Tax Bill and How It Will Affect Real Estate
Little tax difference between renting and owning expected for 90 percent of taxpayers
As you might expect, the National Association of Realtors was heavily involved in lobbying to preserve incentives and benefits for homeownership during the recent tax reform process. A recent analysis of the effects of the new bill show benefits for renters, still preserving most home ownership incentives. The doubling of the standard deduction to $12,000 […]
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As Expected, Bend Real Estate Market Ends with Another Strong Year
Bend’s median prices increased by 8 percent
The Beacon Report, based on real estate statistics from our local MLS, released its report of the December 2017 figures on Bend single family residence sales of 1 acre or less. The latest report also gives us the complete statistics for the year 2017, with some interesting comparisons to last year for Bend and surrounding […]
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The Old Stone is for sale
Downtown Bend performance space on the market
Maybe you’ve been there for a conference. Or maybe you’ve been there for one of its many live musical events. But the next time you visit The Old Stone in downtown Bend, chances are it will be under new ownership. Owner Mardy Hickerson announced today that The Old Stone is up for sale, and no […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]