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 […]
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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 […]
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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 […]
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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 […]