Posts with tag 'Central Oregon Real Estate'
Subscribe and receive email notifications of new blog posts.
RSS Feed
30
The Biggest Mistakes Buyers are Making Today
Buyers face challenges in any market – and today's is no different. With higher mortgage rates and rising prices, plus the limited supply of homes for sale, there's a lot to consider.
24
Questions You May Have About Selling Your Home
There's no denying mortgage rates are having a big impact on today's housing market. And that may leave you with some questions about whether it still makes sense to sell your house and make a move.
Here are three of the top questions you may be asking – and the data that helps answer them.
1. Should I Wait To Sell?
23
The Best Way to Keep Track of Mortgage Rate Trends for Your Bend Oregon Home Purchase
If you're thinking about buying a Bend home, chances are you've got mortgage interest rates on your mind. You've heard about how they impact how much you can afford in your monthly mortgage payment, and you want to make sure you're factoring that in as you plan your move.
The problem is, with all the headlines in the news about rates lately, it can be a bit overwhelming to sort through. Here's a qu...
9
Bend Oregon Real Estate | January 2024 Trends
Bend Home Prices Leveling Off
The January 2024 Bend real estate market shows some stabilization. Although the average and median price per square foot are both up, the average and median sales price on sold homes comparing January 2024 to January 2023 show little movement. The issue most Bend home buyers are still dealing with is lack of inventory which provides few choices for people looking to purchase. Although mortgage interest rates have come down from the high rates pushing 8% seen last fall, they are still in the mid sixes which also impact the purchasing power for home buyers.
When the January 2024 sales for Bend single family homes on less than an acre are compared with those from January 2023, the following changes can be seen:
- Average sales price down 1.9% to $842,669*
- Median sales price up 1.5% to $699,950
- New listings down 14.7% to 99
- Homes for sale down 28.4% to 204
20
Will Mortgage Rates Continue to Decline?
When you read about the Bend housing market, you'll probably come across some information about inflation or recent decisions made by the Federal Reserve (the Fed). But how do those two things impact potential Bend homebuyers?
The Federal Funds Rate Hikes Have Stalled
One of the Fed's primary goals is to lower inflation. In order to do that, they started raising the Federal Funds Rate to slow down the economy. Even though this doesn't directly dictate what happens with mortgage rates, it does have an impact.
Recently inflation has started to cool, a signal those incr...
Privacy Policy / DMCA Notice / ADA Accessibility
