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Bend, Oregon Real Estate - 02/23/09 08:26 PM
The Bend, Oregon real estate market is showing signs of life this month. February, a notoriously slow month, has already seen 42 residential home sales and 144 pending sales. The majority of the single family homes being sold and currently pending fall under the $300,000 mark. The average sells price of the 42 homes sold in February is $250,000. With Spring just around the corner I expect these number to continue to improve throughout the summer. Bend, Oregon homes for sale continue to be effected by the increasing number of foreclosures and short sales in a negative fashion. This price pressure (1 comments)
Bend, Oregon First Time Home Buyer Tax Credit ~ The Facts! - 02/18/09 01:44 PM
$8,000 FIRST TIME HOME BUYER TAX CREDIT As modified in the American Recovery and Reinvestment Act Enacted February 17, 2009 by President Obama Amount of credit ~ Maximum credit amount is $8,000. Eligible Property ~ Any single family residence(including condos, co-ops, townhouses) that will be used as a primary residence. Refundable ~ Yes. Reduces, or can eliminate, income tax liability for the year of the purchase. Any unused amount of the tax credit refunded to purchaser. Income Limit ~ Yes. Full amount of credit available for individuals with adjusted gross income of no more than $75,000/year or $150,000 on a joint return. (1 comments)
Interested in What is in the Stimulus Package Bill? - 02/13/09 10:17 AM
Here is the link to the final version of the stimulus package to be voted on today. One caveat, good luck getting through! It's 1,000 pages long and everyone is in line to see what is truly being crammed in it. My guess is by the time you finally get it downloaded, yet alone read it, it will have been passed and sitting on the President's desk. So much for giving the public 2 days to view and debate the contents. I have been scouring every news source trying to get the details of the stimulus package, more importantly the (4 comments)
Active Residential Listing Report ~ February 11, 2009
BEND REDMOND SISTERS PRINEVILLE
Total Active Res. Listings - 1,823 750 187 (1 comments)
Northwest and Southeast Bend, Oregon home sale prices fairing better than the rest. - 02/10/09 06:23 PM
I had a client today ask me how bad the home prices in Bend, Oregon have fallen. I told him it depends on the location of the home in Bend, knowing that to be the case, but not really having the numbers to back it up. I knew, without checking, that Northwest homes had faired far better than the Northeast homes, but I wasn't exactly sure about the home prices in the Southeast and Southwest Bend area. So off to the MLS I went to run some reports. Turns out Bend, Oregon median home sale prices have dropped 30% from January (2 comments)
Geithner rolls out "Financial Stability Plan" aka TARP 2 - 02/10/09 11:32 AM
Timothy Geithner's press conference just ended, with a thud. The stock market is dropping like a rock, currently down $306. Bank stocks are down 10% on average. The financial news reporters are picking apart the plan. Not the WOW factor we were hoping for yesterday. President Obama teased the plan last night during his first press conference, now I know why he didn't deliver it. The Financial Stability Plan is going to be very costly and come with strings attached. Geithner started by explaining the causes of our current crisis situation, basically greed and no oversight. From there he (3 comments)
Obama's Bank Rescue Plan - 02/08/09 07:31 PM
President Obama's bank rescue plan will be unveiled Tuesday by Treasury Secretary Timothy Geithner. The plan, scheduled to be released on Monday, was delayed due to the expected vote in the Senate on the latest Stimulus Package. The bank rescue plan is rumored to rely heavily on private sector funding backed by government guarantees and financing incentives. It may also include some of the $350 billion in unused T.A.R.P. money. The Obama administration has not ruled out the creation of a "Bad Bank", much like the one created during the Savings and Loan Crisis, to buy up illiquid assets on lenders (8 comments)
Reduced Mortgage Rates Shot Down in the Senate - 02/06/09 12:15 PM
Senator John Ensign's(R-Nev.) housing recovery plan was defeated Thursday in the Senate by a vote of 62-35, largely along party lines. The proposal was designed to reduce mortgage interest rates to as low as 4% for home buyers and existing homeowners looking to refinance. The bill also included incentives to lenders to increase loan modifications for those facing foreclosure and various tax breaks for small businesses as well as low and middle-class families. The Democrats believed it would be a windfall for the lending institutions and included tax breaks they did not support. I was personally hoping this would be passed and (6 comments)
$15,000 Home Buyer Tax Credit - 02/05/09 02:29 PM
The U.S. Senate voted yesterday to amend the 2008 American Housing Rescue and Foreclosure Act to include ALL homebuyers and increase the $7,500 tax credit up to $15,000 or 10% of the purchase price. The Senate acted unanimously to pass the amendment sponsored by U.S. Senator Johnny Isakson, R-Ga.The amendment will make this $15,000 tax credit on any primary residence available for one year after the bill is enacted. It also changes the $7,500 tax credit from the initial act to a true tax credit, not a zero interest loan that had to be repaid over 15 years.The amendment is part (0 comments)
Senate passes $15,000 tax credit for home buyers! - 02/04/09 07:25 PM
The U.S. Senate, in a voice vote, passed the $15,000 tax credit or 10% of the home purchase for ALL home buyers. The credit can be spread over two tax years. It also amends the current $7,500 tax credit to a true tax credit for those who purchased their home earlier. The vote was supported by both sides of the aisle. I'm hoping this type of stimulus as opposed to the "spending stimulus" is what our slumping housing market needs. Now if the Republicans can get mortgage rates down to 4% or less we could really see see our (11 comments)
Troy Batson is a Licensed Real Estate Broker in the State of Oregon ~ troybatson.com ~ Bend, Oregon Duke Warner Realty (0 comments)
The Stimulus Package and You - 02/02/09 10:59 AM
Later this week the U.S. Senate will vote on the stimulus package that was passed last week by the house. No matter what your political views or stands are on this issue there is a component of the package that requires your attention today. The $7,500 first time home buyer tax credit as it is currently written is not a true tax credit, but a 15 year interest free loan. It is available to first time home buyers or those who have not owned a home in the past three years. It also has income restrictions for higher wage earners, and as most (8 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.