bend homebuyers: If Only I Had Bought My Bend Real Estate Six Months Ago!
- 11/21/22 12:57 PM
High Interest Rates Impacting the Buying Power of Bend Oregon HomebuyersAlthough the 30 year interest rate has moderated a bit from its high of 7.08% hit November 10, 2022, the rapid increase in mortgage interest rates we have seen since the beginning of 2022 has greatly impacted our buyer's purchasing power. Many buyers are regretting that they didn't buy several months ago before rates rose to the levels they are now. But is it really cheaper to buy a Bend home today than it was six months ago? Let's look at the true difference between these two markets and see what the numbers actually … (3 comments)
bend homebuyers: Bend Oregon Real Estate - August 2022 Trends
- 09/09/22 01:14 PM
The Number of Bend Homes for Sale is Down We have been tracking Bend single family home sales for many years, looking at the trends, how home prices rise or fall, what the changes are in price per square foot, median and average sales price, months of inventory and days on market. We have consistently compared one month to the same month the year previously in order to follow the long term changes instead of potential anomalies that can occur over a short time period. We have watched and recorded that happened to the Bend home market when the market crashed with … (5 comments)
bend homebuyers: 2 Reasons Frustrated Bend Homebuyers Can Be Hopeful
- 07/22/21 12:49 PM
Bend's Market Starting to Show Positive Moves for Homebuyers To say Bend has been in a seller’s market for some time now would be an understatement. There has been so much demand in our local market that Bend single family home prices are up roughly 40% from a year ago. Much of this is spurred by this new “Zoom” generation where, thanks to the pandemic, people are realizing they don’t have to live and work in the metro areas. Instead, they can live where they want and work from home and meet with people with teleconferencing software like Zoom. However, amidst what has seemed … (5 comments)
High Interest Rates Impacting the Buying Power of Bend Oregon HomebuyersAlthough the 30 year interest rate has moderated a bit from its high of 7.08% hit November 10, 2022, the rapid increase in mortgage interest rates we have seen since the beginning of 2022 has greatly impacted our buyer's purchasing power. Many buyers are regretting that they didn't buy several months ago before rates rose to the levels they are now. But is it really cheaper to buy a Bend home today than it was six months ago? Let's look at the true difference between these two markets and see what the numbers actually … (3 comments)
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