Median sales price reverses direction, rises 7.5 percent in September
By Jason Boone Any sense during the summer months that the housing market in Bend, Oregon, was softening or beginning to tilt in favor of buyers might be erased by the sales figures from September. After three months of declines in the median sales price, it rose in September to $385,750. That is...
Fed holds rate steady; what does it mean for Bend real estate market?
By Jason Boone Federal Reserve chairwoman Janet Yellen announced this month that the central bank would not raise its benchmark interest rate. What can be read into that for the housing market in Bend, Oregon? First understand that the Fed Funds Rate is used to set the rates of most bank loans....
August median sales price shows further leveling
By Jason Boone In my review of May’s home sales data in Bend, Oregon, I suggested that the market might have been reaching a peak. The figures for the three months since seem to support that theory. The median sales price of a home in August was $359,000. That represents the third month in...
August median sales price shows further leveling off
By Jason Boone In my review of May’s home sales data in Bend, Oregon, I suggested that the market might have been reaching a peak. The figures for the three months since seem to support that theory. The median sales price of a home in August was $359,000. That represents the third month in...
Expansion of city boundary won’t result in new homes over night
By Jason Boone With the city of Bend, Oregon, making progress toward an expansion of its urban growth boundary, some observers of the real estate scene might think that the market for homes -- both owner-occupied and rental -- will relax from the last couple of years of tight inventory and rising...
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Median sales price cools slightly, but market far from a deep freeze
By Jason Boone Although the median sales price of a home in Bend, Oregon, dropped in July for the second month in a row, there are plenty of signs that the trajectory of the market has only slightly leveled off and hasn’t begun anything approaching a downward path. July’s median sales price was...
Tree Farm moving forward after agreement reached to drop appeal
By Jason Boone Ground has been broken on a 50-home development in Northwest Bend after about a year and a half of contention. The Tree Farm development is west of Miller Elementary School and north of Northwest Skyliners Road. Encompassing 533 acres, the development will remain mostly open space....
Median sales price declines slightly in June
By Jason Boone June was the busiest month for home sales in Bend, Oregon, to date in the 2016 calendar year in terms of houses sold and active listings, and the increase in inventory might have helped produce the first month-to-month drop in median sales price since November 2015. The 462 active...
How the ‘Brexit’ vote affected mortgage rates in the U.S.
By Jason Boone Voters in Great Britain helped make home ownership more affordable for buyers in the United States. The effect isn’t huge, but it’s there. The late-June “Brexit” referendum, which came down on the side of Britain leaving the European Union, had an immediate effect on U.S. financial...