As the Summer starts to come to an end here in Central Oregon, I feel that there has been a renewed outlook while house shopping. Sales activity has continued to absorb the recent increase in listings, but buyers are beginning to see a glimmer of hope in the future as more inventory becomes available and price reductions have become more prevalent. Fierce competition does still exist for desirable houses and bidding wars are still common in the popular areas. That being said, it feels like we have hit our natural ceiling and the balance between buyers and sellers is slowly starting to reverse. Follow along with these updates to keep your finger on the pulse of what's happening in our local market and feel free to reach out to me direct to talk things over anytime. - Greg
Forbearance in the Future
With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here are four reasons why that won’t happen.
Waiting longer to buy a house could hurt millennials in retirement. As a result of purchasing property later in life, millennials may enter old age with less financial security..
