Central Oregon Market Report - February 16, 2022

Your chance to own a corner lot gem in beautiful Yardley Estates!

 

Upscale kitchen remodeled in 2020 highlights fully tiled walls, high-end custom Bluestar range with high performance hood, new countertops, new light fixtures and a lovely dining nook. Enjoy the deck off your primary along with walk-in closet and double vanity. Second level houses grand loft area, 3 oversized bedrooms, remodeled laundry room and bonus room.

 

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NEW LISTINGS    ABOUT BEND      MARKET STATS     BACHELOR WEBCAM

 This week I felt the effect of rising interest rates while home shopping with clients. We had viewed a few starter homes in Redmond, made a decision and had our offer ready to submit. Before completing the process, I had our lender run the monthly cost one last time to make sure it was a comfortable payment for my client. To our surprise, a recent spike in rates put the home out of our price range! Rates are predicted to rise over the next year and I foresee it cooling off the market a bit. On the other hand, demand will still outweigh this hiccup and keep prices moving upward, just at a slower pace. So Buyers, don't wait too long or you might have to make a compromise. Sellers should understand that the market will soften and your home appreciation streak may not last forever!      -Greg

3 Housing Market Changes: What Rising Interest Rates Mean for 2022 Housing

Mortgage rates are likely going to rise this year. Just how will it change the housing market?

 
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The Year in Review and What To Expect in 2022

What does 2022 hold for the real estate market? By all accounts, experts agree that inventory is expected to grow; it will not grow at a pace strong enough to meet demand.

 
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Bend Market Snapshot

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