Further increases in interest rates wouldn’t deter buyers, survey says
Anyone who has been in the market to purchase a home recently probably knows that interest rates on traditional 30-year mortgages have risen in the past year, from about 4 percent in July 2017 to 4.625-4.75 percent early this month. Results from a survey, however, indicate that even a rate...
Strong signs that now is a good time to buy
Median home prices are near an all-time high in Bend. The inventory of homes for sale skews strongly toward a “seller’s market.” Interest rates have risen from their historic lows of recent years. It seems as if there might be some credible arguments for why now is not the right time to buy a home...
May sales prices 9 percent higher than in previous year
The median sales price of a home in Bend, Oregon, remained virtually unchanged in May from the month prior even as other data indicates the market might be tightening. May’s median price of $415,000 was less than one-tenth of 1 percent less than April’s figure of $415,250. Every month this...
Another busy April in NorthWest Crossing
April in 2018 followed the pattern of previous years for real estate activity in the NorthWest Crossing neighborhood in Bend, Oregon, which remains among the most desirable areas of town. Ten single-family NorthWest Crossing homes were sold in April, traditionally one of the busier months of the...
Activity picks up in April
Activity in the Bend, Oregon, real estate market increased in April, setting calendar-year bests for active listings and average days on market. The median sales figure dropped from the month before – as has happened in previous Aprils – but was 6.5 percent more than in April 2017. April’s median...
March median sales price sets record
March marked the fourth month in a row of increases in the median sales price of a home in Bend, Oregon. The figure of $421,950 wasn’t just another increase, though: It’s the highest for any month in the 11-plus years for which the Skjersaa Group has data. The $421,950 surpasses the previous...
Bend market stays hot in winter
The median sales price of a home in Bend, Oregon, continued to climb in February, and benchmark data points surpassed previous highs for any February dating to 2007. If the pattern from previous years holds in 2018, we have not seen a peak in the real estate market. February’s median sales price...
Low wages aren’t only hurdle to affordable housing
The affordability of housing in the Bend, Oregon, area has the attention of government leaders, local media and the general public. The rising price of homes and the scarcity of rental housing have produced what is regularly referred to as a housing crisis. The lifestyle Bend offers is one source...
Mortgage data show solid foundation to rising prices
Home prices in Bend, Oregon, continued their general upward trend in January 2018. The rise in the median sales price here has been part of a nationwide increase in home prices. In this environment, it’s understandable to wonder if the market might be prone to the type of free fall it experienced...
January sales figures set record for that month
The January sales figures for the Bend, Oregon, real estate market make two things evident: The winter is no longer a “slow” time of year, and the market is divided into two portions – what might be loosely called “affordable” homes on one side and those that are at the boutique end of the market...