Central Oregon Market Report - February 2, 2022

Great Family home in East Bend

 

This house has been completely updated. All new custom cabinets in kitchen and bathrooms, white quartz countertops, lvt flooring through out the whole house. Clean lines, tall ceilings, and high end finishes, no expense or detail was overlooked. The Open floor plan is perfect for Entertaining friends and family. The Master bedroom includes a private balcony to enjoy the beautiful sunsets and is connected to a bonus room. Central a/c for those hot summer days. Big spacious backyard includes a bonus space that can be used as an office.

 

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This last week has made me feel like Spring may be coming early this year... Buyer demand is still very strong and desirable listings are still receiving multiple offers. Statistics showed the median price in Bend dipping off in December, but I foresee prices continuing to rise steadily as we enter the new year market. For Buyers that are anxious to buy in this market and considering holding off, keep in mind that interest rates are set to steadily rise over the next few years as well. Consider if locking in your living cost for the next 30 years makes sense, while rates are at an all time low. It could be the difference between living in town or looking elsewhere! As always, I'm here to help with anything I can, so feel free to reach out for a quick chat. -Greg

NeighborImpact receives major grant to help keep Central Oregonians in their homes

Nearly half of Central Oregonians are housing cost-burdened: They spend more than 30% of their income on housing expenses. This financial vulnerability puts households at greater risk for bankruptcy or foreclosure.

 
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The Top Indicator if You Want To Know Where Mortgage Rates Are Heading

While it’s always difficult to know exactly where mortgage rates will go, a great indicator of where they may head is by looking at the 50-year history of the 10-year treasury yield

 
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Bend Market Snapshot

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