By Jason Boone
Thanks to a recent survey of Realtors across the United States by Realtor.com we know that the Real Estate market across the United States is expected to continue growing across the United States for the rest of 2014 and well into next year.
The Right Time to Sell Your Home
The May 2014 Realtor Confidence Index shows that the median home price nationwide is expected to rise by as much as 4 percent.
Although the increase or decrease in home prices is largely determined by things like the economy, job creation and basic rules of supply vs. demand, most Realtors nationwide feel that home prices will increase by as much as 4 percent or more in most cities.
Expected Price Increase for Oregon
Here in Oregon most Realtors feel that home prices are expected to rise by as much as 7% or more in the next 12 months.
Homeowners in cities like Bend, Redmond, Prineville and Sunriver should take advantage of the growth of the Real Estate market right now and plan on selling since cash sales are still strong, inventory has remained consistent and job growth has continued to increase, especially in Bend over the last 12 months as well.
Low Mortgage Interest Rates Bring More Buyers
Another great factor that’s encouraging to mention is that mortgage interest rates have remained low over the last 6 months and are currently averaging 4.17 percent for a 30-year fixed mortgage loan.
There’s no reason for a motivated buyer to see how much of a mortgage loan they qualify for if they’ve been planning on buying a home in Bend or elsewhere in Oregon.
To learn more about the latest Real Estate news or to view Bend Oregon homes for sale contact me, Jason Boone, Principal Broker at Duke Warner Realty | Skjersaa Group by calling me anytime at: (541) 383-1426 or by emailing me at: email@example.com.